Page 14 - TakePropips Trading Management Solutions

P. 14

Edit Orders Management

The Edit Orders Management allows you to edit the stop loss and take profit of your opened orders and
pending orders. It also allows you to hedge and reverse a position.

You can also set “Breakeven SL” which will move your stop loss to the same price as your entry price.
You must then click Submit to save any changes you make on this dashboard.

Hedge button will open the “Hedge Position” panel and this allows you to specify the amount of volume
you want to hedge on the selected order. The new hedge position will use the same TP and SL values
from your selected order. Hedging is like an insurance on your trade by reducing your exposure and
covering the amount of loss that would have otherwise been incurred if a trade is losing.
Reverse button will close the selected order and it will open an opposite position using the same size of
SL, TP, and lot size. This feature is used if you have an opened trade and you think the market will
reverse so you can take advantage of a price reversal.

To open this dashboard, you can click the “Edit” button for each pair on the main dashboard.

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