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How do I set my Stop Loss (SL) and Take Profit (TP)?

How do I set my Stop Loss (SL) and Take Profit (TP)?

Updated over 3 months ago

To set your stop loss (SL) and take profit (TP) on MT5, follow these steps:

On Desktop/Mac:
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1. Open a new order or modify an existing order.
2. In the order window, find the SL and TP fields.
3. Enter your desired SL and TP prices.
4. Click "Place" for a new order or "Modify" for an existing order.

On Mobile (Android/iOS):
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1. Open the MT5 app.
2. Open a new order or select an existing order from the trade tab.
3. Tap on SL and TP fields.
4. Enter your desired SL and TP prices.
5. Tap "Place" for a new order or "Modify" for an existing order.

For better visualization, please refer to the following GIF:


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