Take profit

A take profit order closes your trade automatically once price reaches a target you set, locking in the gain without you watching the screen. It’s the mirror image of a stop loss, which caps the downside.

In MT4 you set a take profit in the order window, or add it later by dragging the line on the chart or editing the position. Many traders set both a stop loss and a take profit on every trade to define their risk and reward up front.

Learn the order window in our how to use MT4 guide.