To create a stop loss and take profit in DXtrade, you can follow these steps.
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Open the DXtrade Platform:
- Log in to your DXtrade account and open the trading platform.
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Navigate to the Positions Tab:
- Locate the Positions tab, which typically displays your current open positions.
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Identify the Position:
- Identify the specific open position for which you want to set a stop loss and take profit.
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Right-Click on the Position:
- Right-click on the open position you want to modify. This action should open a context menu with various options.
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Select 'Modify Position' or 'Modify Order':
- Look for an option like 'Modify Position' or 'Modify Order' in the context menu and select it. This will open a window or dialog allowing you to adjust the trade parameters.
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Locate Stop Loss and Take Profit Fields:
- Inside the 'Modify Position' or 'Modify Order' window, look for fields or sections related to stop loss and take profit. These fields may allow you to enter specific prices or percentages.
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Enter Stop Loss and Take Profit Values:
- Enter the desired stop loss and take profit values for the open position. This could be a specific price level or a percentage of the current market price.
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Review and Confirm:
- Review the changes you've made to ensure accuracy. Some platforms may require you to confirm the modifications before they take effect.
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Submit Changes:
- Once you are satisfied with the stop loss and take profit values, submit or confirm the changes. This may involve clicking a 'Submit' or 'OK' button within the 'Modify Position' or 'Modify Order' window.
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Receive Confirmation:
- After successfully setting the stop loss and take profit, you should receive a confirmation message or notification.