How to Set & Modify Stop Loss & Take Profit on DxTrade | Hola Prime

Introduction

Effective trade management requires the ability to adjust your risk and profit targets quickly as market conditions change. While you can set protection orders during the initial entry, DXtrade also offers a highly intuitive "chart-trading" feature that allows you to set and modify your Stop Loss (SL) and Take Profit (TP) levels visually. This lesson demonstrates how to interact directly with the price action on your chart to secure your positions and update your strategy on the fly.

Opening the Trading Chart

To begin, you must have the chart for your target instrument active. You can open a chart by:

Watchlist Selection: Simply click on any instrument within your main watchlist.
Search Bar: Type the name of the asset (e.g., "GBPUSD") into the search bar at the top of the platform and select it from the results.

Placing an Initial Market Order

Once the chart is open, place your trade using the Buy or Sell buttons:

Enter your desired Lot Size in the order window and click Send Order.
Note on One-Click Trading: If you have one-click trading enabled, the trade will execute instantly with a single click, and no intermediate pop-up window will appear.
After execution, an Order Line (representing your entry price) will appear horizontally across the chart.

Setting Stop Loss and Take Profit via Drag-and-Drop

To set protection levels after a trade is open:

Click directly on the Order Line visible on the chart.
You will see options for Stop Loss and Take Profit.
Drag-and-Drop: Drag the respective lines up or down to your desired price level on the chart.
An order window will appear once you release the line; click Modify to confirm the placement of your SL or TP.

Modifying Existing Protection Levels

If you need to move an existing stop loss to break even or adjust a profit target:

Click on the existing Price Label or line for the SL or TP you wish to change.
Drag it to the new price level.
The modification window will reappear; select Modify to update the price in the system.

Removing Limits and Closing Trades

Managing the end of a trade is equally simple through the chart interface:

Removing Limits: To delete a stop loss or take profit entirely, click the Cross (X) icon next to its price label on the chart and select Modify in the pop-up window.
Closing the Position: To exit the trade completely, click the Cross (X) icon next to the main order line.

If one-click trading is disabled, you will receive a pop-up to confirm the closure.
If one-click trading is enabled, the trade will close instantly.

By using these chart-based tools, you can manage your risk with greater speed and visual accuracy, ensuring your trading plan is always aligned with the current price action.