in Uncategorized Crypto on MT4 – Short Term Trading Posted on 01/07/2021 by Admin check out this short trade on Bitcoin Share this:TweetEmailLike this:Like Loading... Related
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 Reply
Charts101 Trading 
So as soon as it went under the second red line money would be made if it was shorted?
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