Dear students, I continue now the video, because the trade was executed, as you can see, at the price 1
exactly of 4810, currently $23 and 57 cents as a profit, and my 2
Take Profit is at 5030. Actually, 3
I need to correct it to 5020, because my target, as you know, is 210 pips 4
higher. 5
So, after my trade is executed on the long side, I need to place one sell stop $70 lower, and as well 6
it will be with the volume of 1.4. From Type I am choosing Pending order. 7
And from the drop down menu I'm choosing to Sell stop, and the price will be 4740 8
and the Take Profit of this one would be 4530. 9
So, another 210 pips lower, and the Stop Loss will be the Take Profit of the first trade. 10
OK? 5020. 11
I'm placing the order and as well for the open trade 12
I need to place a Stop Loss, which matches with the Take Profit of the 1.4 trade, which is 13
4530. 14
OK? I'll continue 15
once the Take Profit is hit, or the sell stop is executed.