Margin trading products are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading on margin with this provider. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money.

Adding a stop loss or take profit to a position (Webtrader)

Adding a stop loss will automatically close a losing position once the price falls to the value you set. Adding a take profit will automatically close a winning position once the price reaches the value you set. Both a stop loss and a take profit can be added to the same position.

Note: In this procedure, the word ‘click’ refers to either a click or a tap.

1. Display your positions.

You can either click Positions on the main menu near the top left of the window, or click Portfolio > Positions.

2. Double-click (or double-tap) on the position you want to add the stop loss or take profit to. The Modify Position Protection window appears:

Tip: You can also display the Modify Position Protection window by right-clicking (or press and holding) on a position and selecting Modify Position from the menu that appears.

3. Select Stop loss and/or Take Profit.

If you have preconfigured protection order parameters, the values shown default to the preconfigured pip values; otherwise system defaults are shown.

4. For each option selected at step 3, click in the rightmost field (labelled Price in the example above) and choose a basis for the protection order: Price, Pips, Project. Loss or % of Balance.

5. For each option selected at step 3, in the field immediately after Stop Loss or Take Profit enter a price, number of pips, projected loss or profit, or percentage of balance.

6. Tap Modify.