An order that closes a position automatically at a pre-set favorable price.
Take-profit orders lock in gains without requiring you to watch the chart. They pair naturally with stop-losses to define a fixed risk/reward ratio per trade.
On MetaTrader 5 you can attach both stop-loss and take-profit at order entry or modify them later.
Coral Markets publishes a full trading glossary so working traders can quickly check definitions in plain English. Every term ties back to how the concept actually shows up on MetaTrader 5 and on real charts.