Place a Market Order with Stop Loss and Take Profit

How to use this guide: Follow the numbered steps in order. Each heading names the button, field or control to use, the note below it explains what happens, and the pointer on the screenshot shows exactly where to click.

13 Step-by-step guide

Place a Market Order with Stop Loss and Take Profit

Buy or sell at the current price, with stop-loss and take-profit levels set from the start.

1

In Market Watch, select DOM for the symbol.

The order panel opens in the Depth of Market window, with the current prices for each trade size.

Step 1 · action shown above

2

Enter the stop-loss distance in SL-Pts.

The distance is in points from the entry price (10 points = 1 pip). The stop loss closes the trade automatically if the price moves against you by this much.

Step 2 · action shown above

3

Enter the take-profit distance in TP-Pts.

The take profit closes the trade automatically once it has gained this many points.

Step 3 · action shown above

4

Enter the position size in Lot.

1 lot is one standard contract, for example 100,000 units of the base currency on a FOREX pair.

Step 4 · action shown above

5

Select Buy (Mkt) or Sell (Mkt).

A buy opens at the current ask price and a sell at the current bid price.

Step 5 · action shown above

6

Check the new trade in the Trades tab.

The trade is listed with its entry price and the SL and TP prices worked out from your distances.

Step 6 · action shown above