How Do I Set Stop-Loss and Take-Profit Orders in MatchTrader?

Setting a stop-loss is mandatory on all FundYourFX accounts. It must be placed within 3 minutes of opening any trade. Failing to do so counts as a soft breach — two soft breaches result in account termination. Here’s exactly how to set stop-loss and take-profit levels in MatchTrader.

Setting Stop-Loss and Take-Profit When Opening a Trade

  1. Open the Order panel on the right side of the MatchTrader interface
  2. Select your instrument and choose order type (Market or Limit)
  3. Enter your lot size / volume
  4. In the “Stop Loss” field, enter your stop-loss price level or pip distance
  5. In the “Take Profit” field, enter your take-profit level (optional but recommended)
  6. Click “Buy” or “Sell” to execute — your SL/TP will be attached to the trade automatically

Modifying Stop-Loss and Take-Profit on an Open Trade

  1. Go to the “Positions” tab at the bottom of the screen
  2. Find the trade you want to modify
  3. Click the edit/pencil icon next to the trade, or double-click the trade row
  4. Update the Stop Loss and/or Take Profit fields with your new price levels
  5. Click “Modify” to save the changes

Why Is Stop-Loss Mandatory at FundYourFX?

FundYourFX requires a stop-loss on every trade for risk management purposes. This protects both the trader and the firm from uncontrolled drawdown events — particularly important during high-volatility events like major news releases or overnight gaps.

  • You have 3 minutes from opening a trade to place a stop-loss
  • 2 soft breaches are allowed before your account is terminated
  • The stop-loss can be placed at any valid price level — there is no minimum distance requirement
  • Stop-losses can be modified or moved after placement, but must remain active at all times

What Counts as a Valid Stop-Loss?

Any stop-loss at a valid price level counts — it does not need to be at a specific distance from your entry. Even a wide stop-loss placed far from price satisfies the requirement. The key is that a stop-loss order must be present and active on the trade within 3 minutes of opening.

Tips for Managing Stop-Loss in MatchTrader

  • Use the SL field at order entry — it’s faster and reduces the risk of forgetting after the trade opens
  • Enable one-click trading in MatchTrader settings if you want to set default SL distances for faster execution
  • Monitor the Positions tab — you can see at a glance whether all open trades have active stop-losses
  • Be careful with pending orders — stop-losses must be placed after a pending order is triggered and becomes an active position

For a full walkthrough of the MatchTrader platform, see our MatchTrader Guide. For a complete overview of all trading rules, visit the Trading Rules Guide.