Topic: STOP LOSS/TAKE PROFIT ?
Can someone tell me how can I place a TAKE PROFIT and STOP LOSS at the same time for exiting an order.
Re: STOP LOSS/TAKE PROFIT ?
You can use the "Stop Limit" indicator. It actually places two orders - a "Stop Loss" and a "Stop Limit". They are so called OCO - One Cancels the Other.
[Closing point of the position]
Stop Limit
Exit at Stop Loss or at Take Profit level
Stop Loss - -20
Take Profit - 35
When the first is executed the other is canceled.
Re: STOP LOSS/TAKE PROFIT ?
Where is this Stop Limit function?
- Popov
- Lead Developer
- Offline
Re: STOP LOSS/TAKE PROFIT ?
Click on the [Closing point of the position] slot.
You will see it in the indicators' menu.