Tickmill offers Stop Loss (SL) and Take Profit (TP) orders to help traders manage open positions on MT4, MT5, and TradingView-connected accounts. However, a stop loss does not guarantee a specific exit price. Tickmill does not offer guaranteed stop-loss orders, so fast markets or price gaps may cause an order to be filled at the next available price, with slippage potentially increasing the loss.
This guide explains how SL and TP orders work at Tickmill, how to place and modify them, and the order limits that apply. It also covers stop and target placement without recommending a specific risk percentage or pip distance. Overall, Tickmill has a TC-validated rating of 8.25/10, based on its broader trading offering rather than its stop loss and take profit features alone.
Tickmill stop loss & take profit at a glance
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What are stop loss and take profit orders?
A Stop Loss (SL) and Take Profit (TP) are orders used to set planned exit levels for an open position. They can be used separately or together on the same trade.
Stop loss
A Stop loss is designed to close a position when the market moves against it and reaches a selected price level. Its features are as follows:
- Helps define a planned exit when the market moves in the adverse direction.
- Can be attached to an open position.
- The selected price is not a guaranteed execution price.
- Fast markets or slippage can cause the position to close at a different price.
Take profit
A take profit is designed to close a position when the market reaches a selected target level in the intended direction. Its features are as follows:
- Sets a planned exit at a chosen target price.
- Can be attached to an open position.
- Helps automate the planned exit process.
- The exact closing price is not guaranteed and can depend on market conditions.
MetaTrader describes SL and TP as orders attached to open positions or pending orders. When the relevant price condition is reached, the platform sends the instruction to close the position.
Does Tickmill offer stop loss and take profit?
Yes, Tickmill offers both stop loss and take profit orders. Tickmill’s current trading-conditions information says SL and TP orders can be set on all account types and remain active even when the trader’s computer is switched off.
This is useful because the order does not depend on you keeping the trading application open and watching the market continuously. The steps for setting an SL or TP depend on the platform, but the basic process is the same. Choose the price level when opening or managing a position.
You can also change the SL or TP after opening a position, depending on the platform and trading conditions for the instrument. On MetaTrader, SL and TP are standard position-management tools. Open positions can be modified by changing their stop loss and take profit levels.
How to set stop loss on Tickmill?
The exact buttons vary slightly between platforms, but the basic process is straightforward. On a typical MetaTrader trade:
If a trade is already open, select the position and use the platform’s Modify function to add or change the stop loss (SL) level. For a long position, SL is usually set below the current market price. For a short position, it is usually set above the current market price. The trade will close when the market reaches the SL level, but the exact execution price may vary due to market conditions.
How to set take profit on Tickmill?
Take profit is set in much the same way as stop loss. When opening a trade:
If a trade is already open, select the position and use the platform’s Modify function to add or change the take profit (TP) level. For a long position, TP is usually set above the current market price. For a short position, it is usually set below the current market price. The trade will close when the market reaches the TP level, but the exact execution price may vary due to market conditions.
How to set stop loss and take profit on Tickmill platforms
The steps for setting Stop Loss (SL) and Take Profit (TP) are similar across Tickmill’s supported platforms, although the interface may differ.
MT4
- Enter SL and TP levels in the order window when opening a trade.
- For an existing position, use the Modify function to add, remove, or change the levels.
MT5
- Enter stop loss and take profit in the order window when opening a trade.
- Existing positions can be modified later to add or change the levels.
TradingView
Tickmill offers TradingView access through its TradingView raw account. Traders can create the account through the Tickmill client area and connect it to their TradingView profile.
- Enter or manage SL and TP using the order controls available in TradingView.
- The exact layout may change as the platform is updated.
Across these platforms, the basic process is the same: Set the desired SL and TP levels, review the order details, and confirm the trade.
Tickmill stop and limit levels explained
SL and TP rules can change, so it is important to use Tickmill’s current information rather than older guides.
- Tickmill’s current UK help centre says stop loss and take profit orders can be set with no limits across all account types.
- These orders remain active even when the trader’s computer is switched off.
- There is no need to state a specific minimum pip distance unless Tickmill provides a different rule for a particular instrument or platform.
- But trailing stops are different. Tickmill states that the minimum trailing stop level is 1.5 pips or 15 points, and the MetaTrader platform must remain open.
- Stop or limit levels are different from stop loss and take profit orders. Stop orders use a trigger condition, while limit orders are generally designed to execute at a specified price or better.
- Instrument-specific conditions may still apply, so traders should check the current specifications shown on their platform.
Does Tickmill offer guaranteed stop loss?
Tickmill offers standard stops, not guaranteed stops
No, Tickmill does not offer guaranteed stop loss orders. This is one of the most important points to understand before using an SL. A standard stop loss tells the broker or trading system what should happen when the relevant price condition is reached. It does not promise that the position will be closed at exactly the price entered as the stop. Tickmill’s UK terms explain that a stop loss is not an absolute commitment to execute at the desired level. If that price is unavailable when the stop is triggered, execution can occur at the next available price and can also depend on the position of the order in the execution queue.
First-hand industry insight
From my years of experience working with FCA- and CFTC-regulated brokers, traders sometimes assume a stop loss guarantees an exact exit price. It does not. When the stop level is reached, the trade closes at the next available price, which can be different when markets move quickly or prices gap. For example, a sudden news event can cause a trade to close at a worse price than the stop loss level. This can happen with standard stop orders and is not unique to Tickmill. A Stop Loss helps manage risk, but it does not guarantee a specific exit price.
Tickmill stop loss and take profit example
Illustrative example only
Suppose a trader opens a hypothetical long position on EUR/USD at 1.1000. The trader enters:
Entry
1.1000
Stop loss
1.0950
Take profit
1.1100
The purpose of the example is to show how the orders work, not to suggest that these levels are appropriate or that the trade should make a profit. If the market moves down and the stop loss condition is triggered, the position is sent for closing. If the available execution price is 1.0947 rather than 1.0950 because the market moved quickly, the actual result would reflect that execution price. If the market instead reaches the take profit condition, the position can be closed according to the applicable execution conditions.
The example demonstrates an important distinction: the price entered into the order is the intended trigger level. It is not necessarily a guaranteed execution price. That distinction becomes especially important around economic announcements, market openings, sudden volatility, and price gaps.
How much should you risk with Tickmill?
There is no single risk amount that works for every trader. A simple approach is to decide how much loss you are comfortable accepting before opening a trade. The basic process is:
Some traders use a fixed percentage of their account as part of their risk plan, but this is not a universal rule. Leverage also affects your exposure, so it should not be used as a reason to increase your position size or widen your stop loss.
How to choose the right stop loss level?
There is no single stop loss level that works for every trade. Traders usually consider a few key factors when setting an SL:
- Trade structure: Consider recent highs, lows, support and resistance, and where the trade idea would no longer be valid.
- Volatility: A market with large price movements may need more room than a quieter market.
- Risk tolerance: The distance between the entry and SL affects the potential loss, so stop placement and position size are usually considered together.
- Market conditions: News events, market openings, and low liquidity can cause faster price movements and slippage.
The key point is to avoid using a fixed pip distance for every trade. The stop loss should make sense for the trade setup and the position size. A stop that is too close may be triggered by normal price movements, while a wider stop can increase the potential exposure.
How to choose the right take profit level?
There is no single take profit level that works for every trade. Traders may consider:
- Previous market levels
- Support and resistance
- Trade structure
- Current market volatility
- Trading timeframe
- Stop loss level
- Their own trading plan
Some traders use a fixed risk-to-reward ratio, such as 1:2, but this is not a rule for every trader. A take profit does not guarantee that the market will reach the target. The price may reverse before reaching it. Setting a TP helps define the intended exit level before emotions or changing market conditions affect the trade.
Common Tickmill stop loss and take profit mistakes
SL and TP are simple tools, but they can be misused. Common mistakes include:
Moving the stop loss further away: This can increase the original risk of the trade.
Using an arbitrary stop distance: A fixed pip distance may not suit the market’s volatility or trade setup.
Assuming SL guarantees the exact loss: Slippage can cause the trade to close at a different price.
Trading without an exit plan: this can lead to decisions being made under pressure.
Ignoring position size: a wider SL can increase the potential loss for the same position size.
Ignoring market conditions: news, gaps, and sudden price movements can affect execution.
Treating TP as a prediction: a TP is an exit level, not a guarantee that the market will reach it.
Confusing SL with stop-out: An SL is attached to a trade, while stop-out is a separate process that can close positions when account margin conditions are reached.
Understanding these differences helps traders use SL and TP correctly and avoid treating them as guarantees.
Conclusion
Tickmill supports stop loss and take profit orders, allowing traders to set intended exit levels. Its current help centre states that SL and TP can be set without limits across its account types, and the orders remain active even when the trader’s computer is switched off.
However, Tickmill does not offer guaranteed stop loss orders. Fast markets or price gaps can result in execution at a different price. SL and TP should therefore be viewed as position-management tools, not guarantees of a specific exit price or loss.
When deciding position size, traders can consider their acceptable loss, trade setup, and market conditions rather than relying on a fixed risk percentage or pip distance. Tickmill currently has a TC rating of 8.25/10 and is TC validated.
Pro tip
Always set a stop loss where it forms part of your trading plan, but don’t assume it guarantees your exit price. Tickmill offers standard stops rather than guaranteed stops, so a fast or gapping market can produce a worse fill. Think about possible slippage when considering position size, and set your intended take profit before emotions take over during a live trade.
Frequently Asked Questions
1. Does Tickmill offer stop loss orders?
Yes, Tickmill supports stop loss orders across its account types. Its current help centre says SL orders can be set without limits and remain active even when the computer is switched off.
2. How do I set a stop loss on Tickmill?
When placing a trade, enter the desired stop loss price in the order window and confirm the trade. An existing position can also be modified to add or change its Stop Loss. MT4 and MT5 both support this functionality.
3. How do I set take profit on Tickmill?
Enter the desired take profit price in the order window when opening a trade, or modify an existing position to add or change the TP level.
4. Can I set stop loss and take profit together on Tickmill?
Yes, stop loss and take profit can be attached to the same position, allowing both intended exit levels to be defined.
5. Does Tickmill offer guaranteed stop loss?
No, Tickmill does not offer guaranteed stop loss orders. Its risk disclosure states that a stop loss may limit losses but does not guarantee the final execution price.
6. What are Tickmill’s stop and limit levels?
Tickmill’s current UK help centre states that stop loss and take profit orders can be set without limits on all account types. Therefore, no universal minimum pip distance should be quoted as a current Tickmill rule without instrument-specific evidence.
7. Can I modify my stop loss after opening a trade?
Yes, MetaTrader supports modifying the stop loss and take profit levels attached to an open position.
8. Can I remove a stop loss or take profit order?
Yes, SL and TP are attached to the position and can be modified or removed through the platform’s position-management functions, subject to the applicable trading conditions.
9. Can stop loss orders experience slippage on Tickmill?
Yes, Tickmill explicitly states that stop loss orders may be filled at a different price from the requested level when the desired price is unavailable. Rapid market movements and unusual volatility can contribute to slippage.
10. Does Tickmill charge for stop loss or take profit orders?
Tickmill’s current trading-conditions information does not list a separate charge for setting standard stop loss or take profit orders. Its help centre states that SL and TP can be set without limits across account types. Trading costs can still arise from the normal spread, commission, swap, or other applicable account and instrument charges.
