How To Place A Trade With MetaTrader 4 - Closing An Order
AAA
  1. How To Place A Trade With MetaTrader 4 - Introduction
  2. How To Place A Trade With MetaTrader 4 - Main Screen
  3. How To Place A Trade With MetaTrader 4 - Placing An Order
  4. How To Place A Trade With MetaTrader 4 - Modifying An Order
  5. How To Place A Trade With MetaTrader 4 - Closing An Order
How To Place A Trade With MetaTrader 4 - Closing An Order

How To Place A Trade With MetaTrader 4 - Closing An Order

The trade will close once price hits the stop loss, trailing stop or take profit level. The trade can be closed at any time by highlighting the trade in the Trade tab of the Terminal, right-clicking and selecting "Close Order," as shown in Figure 11. This window can also be opened by double-clicking on the trade in the Trade tab of the Terminal.


Figure 11 - Right-click an order in the Trade tab of the Terminal and select "Close Order" to manually close the position.


A window appears prompting the trader to confirm that the trade should be closed. Once the window appears, the yellow horizontal bar at the bottom of the window can be clicked to close the trade, as shown in Figure 12.

Figure 12 - Click the yellow horizontal button to close the order.


SEE: Trailing-Stop Techniques

Conclusion

The MetaTrader 4 platform offers a basic order-entry interface. Traders can place market and limit, stop-loss and trailing stops, as well as profit target orders. Depending on the broker through which the MT4 platform is downloaded, additional features may be available that simplify and expedite the order entry process.

  1. How To Place A Trade With MetaTrader 4 - Introduction
  2. How To Place A Trade With MetaTrader 4 - Main Screen
  3. How To Place A Trade With MetaTrader 4 - Placing An Order
  4. How To Place A Trade With MetaTrader 4 - Modifying An Order
  5. How To Place A Trade With MetaTrader 4 - Closing An Order
How To Place A Trade With MetaTrader 4 - Closing An Order
RELATED TERMS
  1. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  2. Ring Trading

    The method by which certain types of investment business is conducted ...
  3. Demo Account

    A trading account that allows an investor to review and test ...
  4. Application Programming Interface - API

    An interface or "go-between" that enables a software program ...
  5. Mobile Trading

    The use of wireless technology in securities trading. Mobile ...
  6. Trading Software

    Computer programs that facilitate trading of financial products ...
  1. Why does after-hours trading (AHT) exist?

    The advent of the Internet and electronic information exchanges has opened financial market trading to millions of investors ...
  2. What should I look for when choosing a forex trading platform?

    A trading platform is a piece of software that acts as a conduit for information between a trader and a broker. A trading ...
comments powered by Disqus
Related Tutorials
  1. Beginner's Guide To J-Trader
    Trading Systems & Software

    Beginner's Guide To J-Trader

  2. Beginner's Guide To CQG Integrated Client Trading Platform
    Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

  3. Guide To Smartphone Forex Apps
    Trading Systems & Software

    Guide To Smartphone Forex Apps

  4. Automated Trading with MultiCharts
    Trading Systems & Software

    Automated Trading with MultiCharts

  5. Creating Automated Trading Systems Using Interactive Brokers
    Trading Systems & Software

    Creating Automated Trading Systems Using Interactive Brokers

Trading Center