MT4 Trading basics - page 2
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It's also not correct when USD is not involved, for example, EURGBP, and also when USD is not the Account currency.
rafsystems:
Before using MT4 I was use to placing trades using actual price value. So if I had $1000 equity i want to place $50 on the USD/CAD pair for a Buy order.
I simply enter 50 as the value then set a stop and take profit value based on how much i want to lose/gain. So i set stop loss to $25 and take profit value to $50.
You are talking gibberish.
You enter the order open price or let it default to current and the amount of lots then set the price of the stop loss and the price of the take profit.
I suggest you start at here