How do I set a Stop Loss or Take Profit? Client Service Team 29 July 2021 02:57 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 do I place a trade on the Android app for MT4? I forgot my password – what do I do? How do I modify a trade on MT4 for Android? How do I calculate Profit and Loss? How do I place a pending order?