Step 16. How to Set a Take Profit in Trading

Written by

in

Set a take profit (TP) on an open trade alongside the stop loss. When price reaches the TP, the trade closes on its own and you get a notification with the result (in the example, +$5.03).

Setting Up a Trade on Desktop 0:06

  • Enter a trade on desktop.
  • Set a stop loss first (Step 15).

Adding a Take Profit on Desktop 0:19

  • Find the TP (Take Profit) button on the trading interface.
  • Click and drag the TP line to your profit level.

Adjusting Take Profit Position 0:49

  • If you click off the chart, the red TP square disappears.
  • Click your position to bring it back.

Understanding Take Profit Functionality 1:32

  • The trade closes automatically when price hits the TP.

Benefits of Using Take Profit 1:48

  • You can set the trade and step away.
  • TP against SL gives you a clear risk-to-reward.

Setting Take Profit on Mobile 2:04

  • Exit the current trade and open a new one on mobile.

Adjusting Take Profit on Mobile 2:24

  • Tap and drag the TP on the mobile chart.

Final Adjustments and Confirmation 3:12

  • Release to confirm the TP position.
  • If the TP indicator disappears, tap your position to bring it back.