Take-Profit (TP) and Stop-Loss (SL) are standard order settings when trading London Gold on MT5. Many new MT5-users struggle to locate price-input fields, wonder whether existing positions can be edited, or receive system warnings for invalid settings.
In fact, MT5 allows you to enter Take-Profit and Stop-Loss values while opening an order, or adjust those prices after a position has already been opened.
1. Setting TP/SL When Placing a New Order
Open your desired instrument and bring up the new-order window, where you will see fields for volume, Stop-Loss and Take-Profit.
Enter target prices according to your trading plan and submit the order.
For example, if London Gold quotes at USD 3400, you may input your planned exit levels directly into the Take-Profit or Stop-Loss fields.
Orders can also be submitted without pre-filled TP/SL; you may edit these values later within your open-position details. MT5 attaches Stop-Loss and Take-Profit instructions to your position for server-side processing.
2. Can You Modify Orders That Are Already Open?
Yes.
On desktop MT5, locate your open position in the Trade tab and open the modify function to adjust Stop-Loss and Take-Profit prices. Certain MT5 layouts also support dragging price lines directly on the chart for quick edits, provided trade-level display is enabled.
Mobile MT5 follows the same logic. Select your open position, open the modify screen, and enter new Stop-Loss and Take-Profit figures.
You do not need to close the existing position just to adjust TP/SL levels.
3. Why Does the System Show “Invalid Stop-Loss / Take-Profit”?
Upon submission, MT5 validates entered prices against the server’s trading parameters. Prices violating these rules trigger invalid-level alerts, and the order will not be accepted.
Troubleshoot by checking these points: - Whether you have set TP/SL on the wrong side of market price - Whether all numerical digits are complete - Whether your target level is too close to the current market price - Whether you are within valid order-modification trading hours - Whether market prices moved sharply while you were entering values
Avoid repeatedly clicking submit. Re-check live quotes and adjust parameters accordingly.
4. Will TP/SL Still Work After Closing MT5?
Stop-Loss and Take-Profit do not depend on your local computer staying online.
These instructions are stored on the trading server. When market conditions meet your preset thresholds, execution is handled server-side. Even if you shut down the MT5 desktop application, your protective orders remain active.
This explains why pre-configured TP/SL is far more reliable than manual monitoring.
5. Additional Stop-Loss Indemnification Service on Lucky Gold
Beyond native MT5 order functionality, Lucky Gold offers a Stop-Loss Indemnification service for eligible members of LV2 tier and above.
When a Stop-Loss is triggered and fast market volatility causes the fill price to slip past your predefined Stop-Loss level, you may apply for compensation for the slippage amount under applicable campaign terms.
For instance, the market may gap straight through your intended exit price and generate an extra loss difference. Qualified accounts can claim this portion under the Stop-Loss Indemnification mechanism.
Therefore, besides mastering MT5 TP/SL configuration, you may review platform-specific member benefits designed for extreme market conditions.
How to Set Take-Profit and Stop-Loss in MT5
Remember these three simple steps:
1.Fill in TP/SL while creating a new order
2.Use the modify function for existing open positions
3.Re-examine prices and trading parameters if submission fails
Lucky Gold supports full MT5 compatibility together with member-exclusive services such as Stop-Loss Indemnification, expanding your toolkit for live-market operations.