1. What are Stop Loss (SL) and Take Profit (TP)?
Stop Loss (SL): Automatically closes a trade when price moves against you, limiting loss.
Take Profit (TP): Automatically closes a trade when price reaches target, securing profit.
2. Why set SL and TP?
Risk control: Ensures maximum loss is within limits.
Secure profit: Locks in gains and avoids losing them on reversals.
3. How to set SL and TP?
1️⃣ In MetaTrader 5 client:
When opening a trade: Input SL/TP directly.
After opening: Right-click order → “Modify” → set SL/TP.
2️⃣ Calculation:
SL points: Stop Loss price – Current price. Example: 50 points
TP points: Current price – Take Profit price. Example: 100 points
📌 Tip: Use reasonable ranges to avoid slippage and volatility risk.
4. How to optimize SL and TP?
1️⃣ SL tips:
Avoid too tight: May be triggered by small fluctuations.
Use ATR: Average True Range helps set proper distance.
2️⃣ TP tips:
Partial TP: Lock part of profit, let remainder run.
Technical levels: Use support/resistance for TP placement.