How to Set Multiple Take Profits MT4- Super SIMPLE
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- เผยแพร่เมื่อ 6 ก.พ. 2025
- In this video, I share a simple way to set multiple take profit orders in MT4 (Metatrader 4)...
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As a beginner trader, I have been in the world of trading the stock market for only a few years and I love it. Previously a Warrior Trading student, I carried out the Pro class with Warrior Trading, and I focused on learning to day trade penny stocks, aka small caps stocks.
Since then, my trading journey has led me to trading Forex where I continue to learn and develop as a profitable Forex trader.
I have only recently started using multiple take profit orders for my trading. But already, I can see how effective this technique is, for extending winning trades.
In this video, I show a super simple way to set multiple take profit orders in mt4 without requiring any additional software.
I hope you enjoy!
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You will like this video if you are interested in:
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If you enjoyed this video, please LIKE and SUBSCRIBE for more videos! ✔️
Thanks!
Emily
Mindfully Trading -
// DISCLAIMER
This video is for entertainment and educational purposes only. I am not a financial advisor and I am not telling you where or when to take a trade. I express my personal opinion only. Trading financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own
#forextrading #forexjourney #tradingtutorial
Out of all the videos I saw in this regard you’re the only one that understood the assignment so you get a like
This make sense. However, since you have 2 positions, the commissions were also doubled right?
amazing and easy explained.
Thank you for sharing. I liked the Trading View example as it helped me figure out my TP and SL more clearly.
Glad it could help.
Thank you for the tip to copy the drawings. Too easy - Cheers from NZ.
I watched hours of content looking for exactly this. Thank youuu!!
You're welcome!! 👍
Plz join me
Thanks for sharing. I came across this issue while making an EA. New to FX. In the video, you calculated the lot size and manually placed two orders. You then changed the TP for each. However, in the EA, we can mention lot size and TP. Do you know how to place multiple orders and adjust TPs in the EA input?
Wow....I loved how easy you explained taking profits on trading view. Thanks a million.
My pleasure!
If it is not already on here for those of us that are in the States using a US based broker regs do not allow multiple position on the same pair it is a FIFO violation. It does not matter if you change the lot size it still is not allowed I have tried. I am testing using two different brokers which is allowing me to take multiple positions with the same entry one on each broker but the spreads and the tick volume are way way different on the exact same pair and time frame. I figured there would obviously be a little difference due to tick volume differences and spreads but it's enough to mess with the technicals unfortunately. I am still testing some parameters to see if I can get my main few indicators to move together.
Hi, can you please share with me what indicator that you are using in this video? The green and red box?
Hello thanks for the video. I have a question though how come on MT4 you did not show the actual computer/mt4 functions on how to open multiple trades on MT4? Thank you
Hello, thank you for wonderful video. Can you please advise me if I can set multiple Taps on OANDA trading platform?
Great explanation had a similar situation so appreciate the explanation.
@mindfully trading is there any way to put a multiple targets for single position in meta trader
Not that I know of, I only know to open multiple positions like in this video 👍
I have a question; using this method, I would have to pay the spread twice, correct? Would it not be cheaper to open one position, and partially close it at the first TP? Of course that would mean that you have to actively manage the trade, which will then cost you time & effort.
you pay spread twice on half the amount of the original trade. Spread*lot and prices of underlying assets determine the absolute spread costs you're paying.
Where do you find the green and orange trade set up chart on Meta Trader 4? Thanks.
can you tell me why if i enter 2 positions with same stop loss . 1 with TP and 1 without TP, it modifies both
The take profit is execution at market order. It could be below the take profit price. How can we take profit at the price set for take profit instead of getting a lower price at market execution
Hello and sorry for the question but how exactly could we open one order and set two TP levels on MT4.In the video the order is already set and it is not clear !
Must the order be aa pending one? Could we open normal execution order and then place two TP levels.I tried diffent things but I could not do this...so frustrating,
Thanks in advance
very helpful video you definitely know your stuff!
Glad it was helpful! Thank you 👍😊
Hi, new sub here 👋 can I adjust volume on a running trade in MT5
Hey not as far as I know, you can only sell partials 👍
nice video you solved my problem
Thank you!!!! Big Help!!!
Glad it helped 👍
Your explanation is so captivating and you’re so pretty that I couldn't help but get lost in it, without even trying to comprehend it 🤣.
Love your content, may I ask which broker you use please?
Thank you! I started with Oanda but I am now using the prop firm My Forex Funds, who use their own broker. Here is a video with more info about them; th-cam.com/video/bf9PVEmpagw/w-d-xo.html 👍
Thanks! I had a breakthrough watching this! an aha moment! brain expansion! :)
btw, bitly has flagged your patreon link as potentially harmful, so its not working
Awesome- That's great to hear! Thank you, and cheers for the heads up, I'll check it out 😉👍
great explanation. really helpful, thanks for sharing :)
Glad you enjoyed it! 😃
Can you just have 2 take profit targets in mt4 and close 50% of the position at the first target?
Yeah that works if you have 2 separate trades/ orders open 👍
@@MindfullyTrading Sounds like it doesn't work then. take half of the position out of a (single) trade.
So our loss also doubled?
Can I do 30-60second trading on MT4 or 5 please let me know which one
it goes down to the 1minute chart
Do u know u can go with the whole trade and take partial profit?
Is there a way to do this with a limit? I know you can close partials but only know the way to do it manually on mt5
@@nicktay107 u can do it even with ur mobile , here is a video th-cam.com/video/vg2SzgFk9rw/w-d-xo.html
Enjoying your videos. I think you can also drag your stop losses and take profits on the MT4 screen if you want to change them.
Thank you 👍
HEY EMILY,THANKS FOR THE INFO!!
You're welcome 👍😆
@@MindfullyTrading 😅😅🤗🤗
This is good! Can you show how to do that while placing an order in real time opposed to a pending order?
There was a term someone coined a few years ago called ‘feathering in’ your position. If you normally trade a 0.10 lot size on a single trade, you can ‘feather in’ this lot size at various levels of a retracement to an impulsive move up or down. You can place 0.02 at the 38.2%, 0.02 at the 50% and so forth until you have five 0.02 lot size positions. The SL should be the same for all but the entry levels need to be at the fib levels. It works but a lot more to manage.
thats great!
Do you always have to open 2 positions? Lets say I open 1 long position can i put 2 take profits? Do i have to make 2 limit orders sell pending ones or how do I do this? I'm kinda lost at this point :( Thanks in advance!
That is really smart!!
I would love to see more tips! Thank you 👍
You got it! 👍😆
I'm trying to do this but I'm having trouble, can you help me please? Im trying to set 2 take profits in one trade. One for 50% of my target and one for 100% of my target. I tried taking 2 trades and that was giving me an error message. Any help will be greatly appreciated I feel like it's something really easy to do and I'm missing it lol😅
Great video thanks
Glad you enjoyed it
is there anyway to do this without opening 2 positions. I'd like to set a TP partial on one trade instead of 2
I've got the same question too
Informative. Thanks.
Your the best
Thank you 🙏
Oh my god, love at first sight ❤️
cheers!
@@MindfullyTrading so when can i take you out for a date?
Will you move to metatrader 5?
I am using mt5 with my 5%ers account challenge 👍
thanks!
Welcome!
Great. Thank you.
Hey sis thanks for sharing I'ma subscribe
Thank you glad you enjoyed it 👍
Sorry I figured it out, you can't do it executing at market price, I found it works when you enter with a buy/sellstop not sure why but she should have shown that part in the video kinda annoying. Still thanks for the video 🙏🏼
I thought I did mention that - glad you figured it out 👍
@Mindfully Trading so it was working then when I set a buy or sell stop and order gets triggered it's like it just cancels itself out... not sure what's going on ha e you ever encountered this? When you try and set up the second trade? Does it have something to do with the market execution order?
I have a strategy where I combine two or three pairs at the same time and I close all the trades when there is a profit in general. Question: Is there a way or system to close all trades when you find an overall profit by combining multiple pairs? THX.
Very informative , thank you.
You are welcome! 👍
Great video! Is there any way to contact you other than youtube comments? I am a trader myself and would like to discuss a few things with you!
I am on Instagram but I am not overly quick at replying 😅 Aiming to get better as the time shows itself 💪
than mean we cant put multip tp with 0.01size and thankss
You should trade in micro lots. Not enough TH-camrs talk about this. Your broker should support opening a micro lot account.
thanx darlo
You're welcome 🙏
Mam please tell how to control screens from laptop one by one
Hey this video shows how you can do that th-cam.com/video/EUTGWv9pAeI/w-d-xo.html 👍
@@MindfullyTrading thank u so much mam
Is it possible to do this without opening multiple orders? Take partial profits off of 1 main position using limit orders?.... I've only been able to do it the way that you show with multiple sets of the same position (double commission, double spread).... Or if you set a limit order in the opposite direction it opens up a hedge. So long 1 lot, hits a sell order for .5 lot..... Instead of reducing the original position, it keeps 1 lot long but opens a second order that's short .5. This is ok in some circumstances, but is there a way to set a reduce only order in mt4?
I use a useful tool called magic keys that allows you to sell partial positions, here is a link to a video with some more info- th-cam.com/video/ExdrUuggE_k/w-d-xo.html 👍
@@MindfullyTrading Looks good, thanks for the help :)
Hey, thanks for the video! I'm commenting almost 18 months after you posted the video so maybe MT4 has changed during this time?! I'm pretty new to this platform. Do you still have to go through this process of setting multiple reduced-size positions and manually taking TP for each, or has MetaTrader come up with a better way to do this now?!
still no multiple tp
A question: I use MT4. But I can not set up a multiple take profit like you did. When I open a new order, there only one take profit . There is no way to add TP2 or TP3. How do you put it on the chart.
Yeah if you want to set up automatic multiple take profits, you will need to take smaller multiple trades.
E.g. if you usually risk 1% of your account, instead of setting 1 trade risking 1%... Set 5 trades risking 0.20%
Hope this helps 👍
@@MindfullyTrading The issue some of us are having is that when we adjust the TP on one trade, it adjusts the TP on the other trade(s) to the same price. MT4 for whatever reason doesn't allow me to set different take profits across the multiple trades I have open. I can do it on my demo account, but not my live account.
@@MindfullyTrading then your lot size also getting smaller and smaller along the way? then your possible profits also reduce because the lot size was reduce correct?
Can anyone tell me how to get these tools (TP and SL)? My trading tools are a bit different than this.
Twas really educateful ❤
Great video 🔥🔥✈️💪
Thank you very much! 👍
@Mindfully Trading. what’s you for what
This mode is good for brokers who have zero spread, otherwise, by opening a position twice, you will give twice the spread!
but on half the lot size, so what is the problem?
Problem is if you have 4 TP's and many such trades that you get confused and have to maintain too many positions. I once had 11 trades open and did TP manually but missed a lot. Would i have done one position per TP than I would've had around 40 small positions open in MT5. not to oversee. setting SL to entry is a lot of modifying as well.
Hello; I´m sorry I don´t know your name as you don´t mention it on this video. But I want to thank you for the content and the knowledge you have shared. Really love your way of teaching and including tips alon the way ... you have a new follower on me.
May I ask, is there a way on MT4, lets say I have an "Open Position of 0.60 Lots", is there a way to "configured, set-up, pre-set" 3 different take profit orders from the "Mother Order of 0.60 once the Mother Order is Open ??? ... do you know what I mean ... I hope so. !!! Once again thanks alot !!!
Hi thanks for the message, You can only have one take profit per order. unless you input it manually.
@@MindfullyTrading Thank you for getting back to me. Happy weekend !!!
I tried this but instead of hitting 15 pips it only hit half of it. around 7.5 only. I'm using MT5 and Micro account btw.
This might be a dumb question, but is there a quick way to place multiple limit orders besides going through the New Order window for each order? I'd like to get the same price across my trades, if possible.
Nah it's a good question but unfortunately I don't have the answer for you. I manually setup multiple limit orders. I checked on the metatrader website and there is no mention of another way... 🤔👍
When I set my take profit on one trade it automatically sets the other trade to the same TP. Any ideas why that might be?
Sorry, I'm not sure without seeing your platform, what are you using?
@@MindfullyTrading I'm using MT4. No idea what I'm doing wrong. I'm trying to set up three orders. If I take them as "instant execution," MT4 doesn't let me set individual take profits. When I edit the TP on one, it automatically changes the other two to the same TP.
EDIT: I've discovered I don't have this problem on my demo account. On demo it allows me to adjust my TPs individually. It's only an issue on my live account. Odd. I've talked with my broker and they claim it's an MT4 problem... of course.
@@MindfullyTrading So after some digging, I figured out the answer to my question. And I'm astounded that there isn't more information on this out there.
US-based traders are not allowed to do this! It is against the FIFO rule. If you're a US resident, your broker (assuming they're regulated) is required to treat all your orders as a whole. This means you cannot set different stop or take profit levels on them.
@@vascobroma8907 I know this is an old post, but thank you! I have been searching the internet far and wide looking for that answer
Your title says "How to set multiple take profits MT4... Keyword MULTIPLE not go one by one ... and calculating profits and setting multiple profit it a different thing... anyways we all look to get better...
thanks
problem is...you pay double the spread and commissions.....and if you forget your SL at TP2 and it reverses, well.....not cool...especially when using multiple TP's
You have to be on the ball with trading 👍
Hi, This is great. Ive a 500$ account. i wish to open 3 pair trade with $100 each. pls temme how to do that.
Thanks
Very nice.
Thanks David, hope all's well! 👍
Obrigado Linda
😄🙏
love you swetty
❤️
Ctrader is so much better has risk calculator, partial take profits, Auto break even with offset. MT4 is so primitive in comparison.
Thanks for the information......👍👍👍👍
Wow .... You're so cute .... tq
You're welcome, thanks 😊
I find it pretty complicated if you've got to manage multiple trades from different charts, it gets messy though
It will come up with experience :)
The title is really misleading. Short answer would have been: You can't take multiple take profits of one trade natively in MetaTrader. Could have been said in 10 seconds.
👍👍👍
How would you split the volume/slot size in meta4 assuming same SL and 3 different TPs with different allocated pips, let´s say TP1 = 20pips, TP2 = 50pips and TP3 = 100 pips. Thanks!
Divide by 3
Hello
🥰
what a pain in the fucking ass way to do this...lol
👍🏻👏🙏
Wow .... U are so cute
i bet you are too abdu :)