for Beginner's stop loss is automatic close your Trade.Suppose you analysis EURO/USD(0.30658) one hours time frame,you see market will down
0.30327,but you don't take loss this ratio.so you can auto/pending stop loss(double click your tarde>Type>select pending order>select sell stop/0.30327>Then click place).
Take Profi is you get auto profit 0.30765.click sell limit>0.30765>Then click place.


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