Overview
Stop Loss and Take Profit orders automatically manage risk and secure profits without manual intervention. MegaTraderX allows you to place, modify, and adjust these orders directly from the DOM ladder or the chart for full control and precision.
Method 1: Using the DOM Ladder
Open the DOM ladder for the instrument you wish to trade.
In the order template, enter your contract quantity, and set the Stop Loss and Take Profit distances.
Click Buy Market or Sell Market to execute your order.
Select Create Order to apply both Stop Loss and Take Profit.
Once submitted, both levels will appear on the chart.
To adjust, click and drag either line up or down to your preferred price level based on your trading plan.
Method 2: Using Quick Chart Access
Click the quick order icons located at the top of the chart.
Select a limit order or stop order.
Left-click and drag on the chart to position the order at your desired level.
Click Confirm and Send to activate it.
Repeat the process to place a Take Profit limit order.
Both orders will display on the chart and can be moved at any time using drag-and-drop.
Tips
Adjusting orders directly on the chart provides fast and precise control over your risk and profit targets.
You can modify or remove Stop Loss and Take Profit orders at any time if market conditions change.
Conclusion
Setting Stop Loss and Take Profit orders in MegaTraderX helps automate your risk management and ensures you stay aligned with your trading objectives. These tools give you full control while allowing the platform to execute exits automatically on your behalf.
Need Help?
For payout or trading day questions, email [email protected] or use live chat in your portal.