Take Profit orders

All,

I just know I'm gonna feel like a complete jerk when I get the answer but can someone help?
I pretty new to forex so still trying to learn as much as possible.

Using Metatrader let's say I buy 2 lots at 1.8900 for example.

I then have an order that I can modify and add the stop loss and TP levels if I so wish. I get this bit but.....

How do I create one TP level of 20 pips for one lot and another TP level of 30 pips for the other lot, or let it carry on with a trailing stop.
I can't seem to understand separating the TP for multiple lots.

Any advice greatly appreciated. (and feel free to take the mickey if I am being really dumb )

Cheers

When you right click on the order, you can choose to add a trailing stop, and you can choose to modify your order.
The modify order screen will allow you to change the TP to whatever you like.
If you decide not to use a TP, just select the current value, and hit delete. I use that sometimes when I let the trade run with a trailing stop...

Also, if you use a trailing stop, your machine and Metatrader have to be running to keep on adjusting the stop.

I hope this answered your question.

Thanks but I don't think I explained it very well.

It's the multi lots I don't get.
When I modify the order do I set pending orders.

I know I'm being cheeky but a step by step example from having the 'modify order' screen displayed would be great.

Cheers

If you're referring to multiple profit targets- I don't think MT4 allows you to do that automatically. They thought of just about everything but that!

not to sound sarcastic or patronising...

but just buy 2x 1 lots... and manipulate them individually if MT4 won't work as above.. ;-)

nugget - lol

thanks everyone. didn't realise MT4 didn't allow this but why I didn't think of nuggets idea is beyond me!

Cheers all

see if this helps. this person created an EA for taking profits. heres the link to the thread http://www.forexfactory.com/forexfor...ead.php?t=9553

Cheers Hasan
This is why this forum rocks.
You think you're asking a stupid question and can almost see people going 'oh no, not another one' but they don't.

Everyone is so helpful.

Long live FF!

Cheers