2 comments

    1. Great question. This is not clear for a beginner trader or someone who isn’t familiar with MT4.

      It might be tough to see, but if you click on the 1st image, the green dotted line is where we went short.

      So the great part of this trade is the red line (the higher one) is already protecting our capital. We cannot lose on this trade at that point!

      Its a matter of breaking even or deciding when to take profit!

      The second red line (the lower one) is where we set a take profit order. But we can always change it or cancel it.

      In this example, we simply closed the trade on our own when it reached a certain profit.

      The short answer is that it was already in profit under the first (higher) red line

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