How do I set the Stop Loss & Take Profit on eToro?

TutorialsAugust 18, 2021

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Stop-loss and Take profit are two necessary functions available on eToro. While Stop loss is a tool to minimize your loss when the price doesn’t move in the direction you want, Take profit is used to close a trade automatically at a specific rate that you are happy to close an order for a profit.

To set the Stop Loss & Take Profit on eToro, follow the detailed instructions below:

How do I set the Stop Loss?

1. After filling in other parameters (amount, leverage), click ‘STOP LOSS’.

Then set Stop loss according to a specific amount by typing a number or using the + and – buttons to adjust the Stoploss one pip at a time.

How do I set the Stop Loss & Take Profit on eToro?

In this case, Stop loss is set at -$100. It means that that the position will be automatically closed if the trade loses $100.

2. Click on ‘Set Order’ or ‘Open Trade’ to complete.

How do I set the Stop Loss & Take Profit on eToro?

How do I set the Take Profit?

The steps to place a Take profit order is similar to Stoploss’s.

After click on ‘TAKE PROFIT’, set Take profit according to a specific AMOUNT by typing a number or using the + and – buttons.

How do I set the Stop Loss & Take Profit on eToro?

In this example, Take profit is set at $400. It means that that if the trade gains $400, the position will be automatically closed, and the amount of profit will go to your available balance.

Notes:

You can also set Stoploss and Take profit according to a specific rate in the market by clicking on the RATE button.

How do I set the Stop Loss & Take Profit on eToro?

For example, I set an SL at a rate of 2500. So if the price drops to 2500, the Stop loss will trigger and close the position automatically.

How do I set the Stop Loss & Take Profit on eToro?

By combining Stop loss and Take profit, you better manage your positions like a professional.

During trading on eToro, if you want to adjust the Stop Loss and Take Profit, click on ‘Portfolio’ > select the relevant trade you want to modify and repeat Steps 1 & 2 as above instructions.

Happy trading!

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