Stop Loss (SL) and Take Profit (TP) are your two most important risk management tools. They are automatic instructions you give to your Tradin MT5 platform to close a trade when the price reaches a level you set. This means you do not have to watch the market all the time.

1. Stop Loss (SL): Your Safety Net

A Stop Loss is designed to limit your risk.

• What it is: An order that automatically closes your trade if the market price moves against your position by a specific amount.
• Why it matters: On your Tradin account, setting an SL protects you from losing more money than you planned to risk on a single trade. It removes emotion from trading by closing a losing position for you automatically.

2. Take Profit (TP): Your Target

A Take Profit is designed to lock in your earnings.

• What it is: An order that automatically closes your trade when it reaches a specific profit goal you define.
• Why it matters: A TP order makes sure you secure your winnings before the market has a chance to turn around and erase your profit.

How to Set SL and TP When Opening a Trade

It is best practice to set both your SL and TP the moment you open a new trade. This works on both the Tradin Mobile App and the Desktop platform.

1. Start a new trade on any Tradin instrument (like buying EUR/USD or selling Gold (XAU/USD)).
2. Before placing the trade, you will see dedicated fields for Stop Loss and Take Profit.
3. Enter the exact price you want for each protective order.
4. Click Buy or Sell. Your trade will open instantly with your risk management levels already active.

How to Add or Change SL/TP on an Open Trade

If a trade is already running in your Tradin account, you can add or change your Stop Loss or Take Profit levels at any time.

A. On the Tradin Mobile App

1. Go to the Trade Tab: See your list of active trades.
2. Modify Position: Tap and hold the trade you want to change, and select Modify Position.
3. Enter Prices: Update the price in the Stop Loss and Take Profit fields.
4. Confirm: Tap the Modify button.
5. You can also go to the Chart tab, tap on your trade's entry line, and drag the SL and TP lines to the price you want.

B. On the Tradin Desktop Platform

1. In the Toolbox window (at the bottom), go to the Trade tab.
2. Right-click the open trade you want to change.
3. Choose Modify or Delete Order.
4. Enter the new price levels for your Stop Loss and Take Profit.
5. Click the Modify button.
6. From the chart, you can click on your trade's entry line and drag the SL and TP lines up or down to set your levels visually.