Effectively manage trading capital with Stop Loss & Take Profit

Stop Loss and Take Profit features are an additional feature within MT4 to allow traders to take greater control of their open positions. These features are useful when trading on the go or not in a position to monitor trades – especially in volatile markets.

Stop Loss is designed to limit losses when the direction of a trade goes in the opposite direction of the initial trade. When you choose a Stop Loss amount, your trade will automatically close once the amount set is reached in the market.

Take Profit is a feature where an open position will be automatically closed once the open trade reaches the pre entered target profit line.

1Under Open Trades, select the trade you wish to modify

2Select Modify order

3Adjust the Stop Loss amount +/- symbols

4Select Modify and see confirmation of order

5See SL line within the Modify order screen

Please allow a few minutes for the deposit to land in your wallet.

*Once the transaction is completed, you can check your account balance within your BlueHawkFX Dashboard where all Wallet balances are displayed.

6Click the Trade icon at anytime to view open positions

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