MT4 Platform: Closing positions

How to close open positions on the MT4 platform

The act of Buying or selling of an instrument opens a position. Then, in order to gain profit based on the price differences, you must close that position.

A single open trade position will be closed automatically if prices match the values of Stop Loss or Take Profit orders.

Attention: When a long position is being closed, the Bid price must equal to the value of Stop Loss or Take Profit, and Ask price must do for short positions.

To close a position manually, you must either "right-click" or "double-click" the left mouse button over your open position in the "terminal window" From the menu that appears you must then select "Close Order"

Attention: in the "Instant Execution" mode, the offered quotes will be active for just a few seconds. If no decision has been made within these seconds, the "Close... " button will be locked again;

The client terminal allows you to close positions partially. To do so, you must follow the procedure to close the position, but specify the volume you wish to close of that position from the "Close Order Window" then select "close"

History charts are drawn only on BID prices in the terminal. At that, a part of orders shown in charts is drawn on ASK prices. To get ASK price of the latest bar shown, one has to flag "Show Ask line" option in the terminal settings.

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