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Thread: how can i put the stop or profit

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    Default how can i put the stop or profit

    hi evry body i wana to ask how to put the order to or to profit whene the position is opening .

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    Default

    Quote Originally Posted by hitler View Post
    hi evry body i wana to ask how to put the order to or to profit whene the position is opening .
    When you already have a position open?

    First right click on the open position and choose "Modify or Delete Order"


    Then you get a box pop up where you can adjust your stop loss and profit target


    Stop and profit levels must be 10 pips or more from market price. The big, blue modify button will be disabled if you get it wrong anyway.

    Hope that helps
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    Default

    thanks to u alot

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    In Profit iinzall's Avatar
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    Default Break Even

    If we trade in GBP/JPY, for example we are in profit, at least how many pips do we have to get for moving our stop loss to the break even ?

    Regards,

    IIN

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    I advice you to put the stops below the 78.6% retracement level, as prices in a trend do ot usually retrace that much.

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    Quote Originally Posted by iinzall View Post
    If we trade in GBP/JPY, for example we are in profit, at least how many pips do we have to get for moving our stop loss to the break even ?
    BEP is the same for all pairs, ie. the opening price.

    We can set the SL at the opening price as soon as the current price has moved at least stop-level away from the opening price. For GJ at fxegypt that means the current price is at least 10 pips away from the opening price. (Including the spread, actually that means the price has to move at least 17 pips away)
    Last edited by fireflies; 08-18-2007 at 02:33 AM.

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