Tag: Take Profit

Take profits are an essential tool in stock trading. They are used to protect your profits and lock in gains when trading stocks. You establish your take-profit order at a certain pre-determined price point that is higher than the current price of the stock. Once that price point is reached, the order is automatically executed and your profits are secured. With a take-profit order in place, you don’t have to worry about the stock rising further and missing out on the additional gain. With take-profits, you can set your risk tolerance and define your target exit point, making it a must-have tool for every investor.

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mql5 orderbloc: Understanding the Basics of Forex Trading

mql5 orderbloc: Understanding the Basics of Forex Trading
3 min read

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MQL5 OrderBlock Forex is a powerful forex trading tool providing real-time market information and order placement services. It is a fully automated system which enables traders to manage their positions and portfolios in real-time with one easy click.The user friendly platform provides advanced charting features and automated trading strategies, enabling traders to quickly and easily devise strategies for their trading objectives.It offers comprehensive market surveillance and comprehensive risk management tools. The OrderBlock Forex also offers access to the MQL5 online community, which provides access to automated trading strategies and data from leading financial institutions. All of these features combined make MQL5 OrderBlock Forex an ideal solution for traders who are looking for a reliable and efficient forex trading platform.

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ctrader oco order: A Guide to Forex Trading with OCO Orders

ctrader oco order: A Guide to Forex Trading with OCO Orders
5 min read

A cTrader OCO (One Cancels the Other) Order is a powerful tool for Forex traders allowing them to set two orders in one entry, with either order executing and cancelling the other when triggered. The two orders that are placed in the OCO order must be of opposing type, meaning a buy limit and a sell limit, or a buy stop and a sell stop. This setup is used to maximize potential return when either of the two orders gets triggered. It also helps to reduce risk by allowing traders to set their potential profit and loss targets at once. It requires a moderate level of sophistication to utilize the OCO order strategy correctly.

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MT4: How to Set All Orders to Breakeven in Forex Trading

MT4: How to Set All Orders to Breakeven in Forex Trading
4 min read

MT4 Set All Order BreakEven Forex is a feature that allows traders to move all their current open orders to break even. This is especially handy when a trade is going against you and you want to at least recoup some of your costs. The MT4 Set All Order BreakEven Forex will move your stops to break even or to a predetermined profit/loss, depending on what your strategy dictates. This way, you limit your losses and give yourself a chance to take some profits before exiting a trade. It’s easy to activate and requires no coding knowledge, making it a great way for beginner and professional traders alike to protect their capital.

Forex Trading

How to Place Trades on MT4 with TradingView

How to Place Trades on MT4 with TradingView
5 min read

TradingView Forex is a powerful platform designed to help Forex traders place trades quickly and efficiently. With its intuitive and user-friendly interface, traders can easily open and close positions, set and manage stop-loss and take-profit levels, and even create automated strategies. To place trades, open the “New Trade” tab in the main navigation bar. Here, you can enter the desired volume, currency pair, currency type, leverage, order type, and take-profit and stop-loss levels. After entering the trade details, click the “open trade” button and your order will be executed immediately. Additionally, TradingView Forex provides a range of advanced features and tools such as a crosshair cursor, order history, and charting tools to help you make informed decisions. With TradingView Forex, traders can place trades with confidence and maximize their trading efficiency.

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Script to Modify TP of Buy Orders: A Guide to Forex Trading

Script to Modify TP of Buy Orders: A Guide to Forex Trading
5 min read

This script is designed to modify the type of orders on the Forex market. It allows users to adjust their buy orders to suit their desired price range and conditions of the current market, making it easier to take advantage of favorable opportunities and reduce losses. The script works by automatically changing the order type, such as a market or limit order, and the associated parameters in order to maximize potential profits and reduce risk. It also takes into account various market conditions like volatility and liquidity and adjusts the order accordingly. This script is ideal for traders who wish to take full control of their buying strategy and get the best results.

Forex robot reviews

Indicator Strategies for MT5: Unlock Potential with SL&TP Values

Indicator Strategies for MT5: Unlock Potential with SL&TP Values
4 min read

The Standard & Poor’s 500 (S&P 500) and TICKS/TICK Values indicators on MetaTrader 5 (MT5) provide traders with an easy way to track current market conditions and anticipate future price action. The S&P 500 indicator shows the performance of 500 U.S. large-cap stocks that reflect the performance of the U.S. equity market, and the TICK / TICK indicator uses an index of the number of stocks trading on New York Stock Exchange’s (NYSE) “Tick” data feeds to show market breadth, momentum, and sentiment. When combined, the S&P 500 and TICK/TICK values indicators can help traders identify trend and support/resistance levels, and provide insight into when to buy and sell in the currency markets.

Forex Code

Master Forex Trading with Heikin Ashi Candles on mt5 Platform

Master Forex Trading with Heikin Ashi Candles on mt5 Platform
6 min read

The MetaTrader 5 platform (MT5) has a number of innovative features and one of them is Heikin Ashi candles. Heikin Ashi candle charts provide a unique way to analyse the markets, by filtering out both market noise and sharp price movements. This makes them a valuable tool for traders who wish to spot reliable trend signals. The Heikin Ashi candles can be used to perform technical analysis on Forex, indices, commodities, stocks, and other markets. With these charts, traders can identify various important patterns and characteristics, such as a reversal of a trend, support and resistance levels, and also the significant highs and lows. The Heikin Ashi is offered by a number of MT5 brokers, helping traders easily access its power as part of a comprehensive trading toolkit.