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BLESS MY PIPS
position will close after you make a certain amount of profit that has been predetermined by you. Look at fig 1.4.4.1 to see what the take-profit order looks like in the ExpressFX platform.
Fig 1.4.4.1 Setting Take Profit in ExpressFX
Adversely, by setting a stop-loss order, you can have your position automatically closed when you’ve incurred a certain amount of losses. Fig 1.4.4.2 shows you what the stop-loss order looks like in the ExpressFX platform.