How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (2024)

To place a new market or entry order with stop loss and take profit pre-set on it refer to How to place a market order and ‘How to place an entry order’ FAQ.

Select how you wish to trade:

  • OANDA Desktop Trading
  • OANDA Web Trading
  • MT4 desktop
  • iPhone
  • Android
  • iPad

OANDA Desktop Trading

Below is a list of steps to modify your trade with risk-management orders.

1. Click the Trades tab

2. Click the trade that you wish to modify

3. Click MODIFY

4. You can add/change the take profit, stop loss and trailing stop to a desired level

5. Click Submit to complete the change

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (2)

OANDA Web Trading

Below is a list of steps to modify your trade with risk-management orders.

1. Click the Modify icon beside your desired trade

2. You can add/change the take profit, stop loss and trailing stop to a desired level

3. Click Save Changes to complete the change

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (4)

MT4desktop platform

Below is a list of steps to modify your trade with risk-management orders.

1. Double click your order in the Trade tab

2. Under Type click Modify Order

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (6)

3. Enter your desired take profit and stop loss levels in terms of ‘points’ and then click Copy as to confirm OR

4. Enter your desired take profit and stop loss levels in terms of price

5. Click Modify to complete the change

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (7)

OANDAMobile Trading: iPhone

Below is a list of numbered instructions and corresponding images that help you to modify your trade with risk-management orders.

1. Press PortfolioA selection of securities held by an investor or financial institution. Portfolios are designed primarily to spread investment risk.

2. Press Trades to view your open trades

3. Press to select your desired trade

4. Press the Modify button

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (10)

5. Press to add/change the take profit, stop loss and trailing stop

6. Select to set the target level in terms of ‘PIPOne basis point in currency price quotations, i.e. 0.0001.’ or Price, and enter the value

7. Press Submit when you are done editing

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (12)

8. You will be prompted to complete modifying your trade, press Modify Trade to complete the change.

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (13)

OANDA Mobile Trading: Android

Below is a list of numbered instructions and corresponding images that guide you through modifying your trade with risk-management orders.

1. Press Portfolio

2. Press Trades to view your open trades

3. Press to select your desired trade

4. Press the Modify button

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (15)

5. Press to add/change the take profit, stop loss and trailing stop

6. Select to set the target level in terms of PIP or Price, and enter the value

7. Press Submit when you are done editing

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (16)

8. You will be prompted to complete modifying your trade, press Modify Trade to complete the change.

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (17)

OANDA Mobile Trading: iPad

Below is a list of numbered instructions and corresponding images that will help you modify your trade with risk-management orders.

1. Press Trades to view your open trades

2. Press to select your desired trade

3. Press the Modify button

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (19)

4. Press to add/change the take profit, stop loss and trailing stop

5. Select to set the target level in terms of PIP or Price, and enter the value

6. Press Submit when you are done editing

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (20)

7. You will be prompted to confirm your trade, press Modify Trade to complete the change.

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (21)

How to add order instructions to close trades automatically: take profit, stop losses and trailing stops (2024)
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