A take profit is the amount ofyou intend to make in a trade. In your , you specify a at which you will close your trade. The take profit is also often called "profit target".
Take profits are an important part of, as it helps you to automatically exit the market at the price you plan to — even if you are not watching your screen at the time the price is reached.
Learn more about setting the right profit target:
In the, the profit target is set in the .
Setting take profits in MetaTrader 4
is the most popular . Most of the partner of tradimo offer it for free to their . Read our tutorial on how to take profit in MT4:
An order in the trading software.
number_1 is the
number_2 is the
number_3 is the profit target