Open and manage trades
Market and limit orders, stop loss and take profit, risk-based sizing, trailing stop and break-even.
Updated October 22, 2026
Opening a trade
- Quick: press B to buy or S to sell at market, at the current price.
- With more control: use the long or short position tool, place it on the chart and adjust entry, stop loss and take profit by dragging its edges.
- In the order ticket, choose “Market” (enters right away) or “Limit” (enters when price reaches your entry).
Position size
Enter the size in lots or use “Risk %”: set what percentage of your balance (initial or current) to risk, and the size is calculated from your stop loss distance.
Automatic management (optional)
- Trailing stop: the stop follows price at the distance you set. With “activate at”, it only starts moving once the trade is a set amount in profit.
- Break-even: once the trade reaches the profit you set, the stop moves to your entry plus the offset you choose (0 = exactly at entry).
Closing and reviewing
- The trade closes automatically when it hits the stop loss or take profit, or you can close it manually from its ticket.
- Once closed, the Risk/Reward stays on the chart as a record of the trade. Right-click to remove it.
- To cancel a limit order that hasn't filled yet, use its ticket.
- “Save as template” stores a Risk/Reward setup so you can reuse it.
Didn't find what you were looking for?
Email us at support@tradeandrepeat.com and we'll get back to you as soon as we can.