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

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.

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