How do I set a Stop Loss or Take Profit? Client Service Team 15 November 2022 06:16 Updated The Stop Loss and Take Profit level can be selected when opening a trade - please see “How do you place a trade in MT4?”. To change a Stop Loss or Take Profit level on an open trade, please see ‘How to modify a pending order’. Related articles How close to the current price can I place Stop and Limit orders? How do I place a pending order? What is an Invalid Stop Loss (SL) or Take Profit (TP)? How do I place a trade on the Android app for MT4? How do I modify a trade on MT4 for Android?