How to set a Stop-Loss in MetaTrader?

Set a Stop-Loss in MT4

If you have an open position, the terminal will show the Stop-Loss and Take Profit values set to 0.

You can right-click on the trade in the terminal and select 'Modify or Delete Order.' Don’t worry—you won’t delete the order. Just click on it, and you’ll see the boxes to make changes.

Here, you can use the arrows to adjust the value, but it might take a long time to reach something like 1.18. Instead, you can simply select the field, type the desired value (e.g., 1.1820), and click 'Modify.' Once done, you'll see that your Stop-Loss is set.

Now, I will remove this horizontal line so you can see clearly where the Stop-Loss is.

The red dashed line is the Stop-Loss level.

That’s how simple it is to set a Stop-Loss in MetaTrader 4. All you need to do is choose the level at which you want to place the Stop-Loss. In this example, if the price hits the Stop-Loss, we’ll still make a profit. Hovering over the Stop-Loss line shows a profit of $40, and below that, you can see the Pips. If we set the Stop-Loss at 1.1820, the profit will be $40, or a difference of 40 Pips.

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