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Whenever you enter the forex market, there is always a risk. This risk can wash all your balance from your account. To minimize the risk of losing all money, you should know how to use the option of close trade. Metatrader 4 is a famous app through which millions of people trade daily. Closing trade is the safest strategy to maintain your bank balance at a safe limit. Now the question arises.
How to close a trade on Metatrader4 Android?
Closing a trade” means terminating an investment. In an android mobile, tab, or any device for readily closing a position or order, swipe on its row from right to left. This will open a menu command. In this, you will select – close position/delete the order.
Trade is closed at once, and you can re-enter as a trader after that. You can also use the Close By option for closing two or more opposite trades. For your convenience, we also discuss partial closing trade, closing the pending order, and automatically closing options in detail.
For this, you should read this article thoroughly and deeply. We hope you will understand and conduct all operations very easily.
How to Close A Trade On mt4 android
During a trade, when the market fluctuates, you try to save your account. At this time, the best option is to close the trade. Mt4 users can close this trade quickly. Here we want to explain it.
If you want to close your single trade, steer on the Trade tab, select the button ‘’Close’’, and press it. Before closing, you should check the current profit or current loss.
Steps to close a trade
The first step is logging in to your account on android mobile.
Step-1: First, note the three dots on the left side of the screen and click it.
Step-2 On the upper side is the option of managing an account. It is the sign of a demo account. But you have entered your real account. Now see the option of plus
Step-3 On the next page there is the sign of Long into the existing account.
Step-4 After Trading, if you want to close it. Tap your order you wish to close. For this, drag your screen to left side there is an option to cancel or delete the order; you delete the order. It will quickly close.
How at Metatrader 4 app close all trade
If you are busy in multiple trades and wish to close all trades. Follow given rules
This process can be used for both android and the iPhone app:
- During use, navigate the trade tab.
- Select the order you wish to be close.
- Select multiple Close By button
- At this, all the opposite options will appear in the lower part of the window.
- Finally, multiple Close By buttons will activate.
4 Steps To Close Trade By Option in Mt4 App
The Close By term in Mt4 indicates that it facilitates the traders to immediately close the two opposite positions of the same financial trade. It closes two hedged orders by withdrawing each other. If the opposite position has many values, one of them was initially left behind.
Stepwise procedure
- Long tap on the position to call the context menu
- Select a position and press the Close
- Select the Close By option
How to Partially Close A Trade On mt4 android
It is a feature that allows you to lock in a profit in one part of your trading position. It can be explained as if you have one trade in which position size is 6 lots; you can close four lots and keep two lots position size in your trading platform.
Step-1 Open the Mt4 Terminal and select the trade tab
Choose your live order. Click the right button and select Modify or Delete Order
Step-1 Open the Mt4 Terminal and select the trade tab
Step-2 Select from the type list Market execution
Step-3 Select and change the volume value that you want to lock in profit.
Select the close trading option
How to Close A Trade On Mt4 on window/pc/ laptop
An open position can be modified by changing the Stop Loss and Take Profit Order to set your profit or minimize your loss.
- Open the MetaTrader 4 terminal.
- First right, click on order and select close order.
- You can double-click to bring up the Order window and close it from there.
- Alternatively, the best option is to close the position by clicking the ‘‘X’’ Symbol at the bottom of the right corner of the Mt4 terminal.
Deleting Pending Orders
When a trader works at the market, he often needs to modify or delete the placed pending order. For this, he has to perform the following steps
1- to execute the pending order, move your cursor to the context menu
2- Modify/delete order /or double click with the left mouse button on the pending order status in the Terminal- Trade window. ( new levels of Stop Loss and Take Profit, as well as the expiry time of the order, can be set in this window, after this press, the ‘’Modify’’ button)
3-This time the window management order will open. To delete an order, the same name’s button must be pressed.
How the Trade Close Automatically
In Metatrader4 it is the margin level that helps to close the trade.
If the margin level reaches below 50% in forex, the broker starts automatically closing the positions. This is called stop out and occurs without the broker’s action.
A pending order can also be deleted automatically at the time that has been given in the expiry domain.
When a pending order has been deleted. The related record will appear in the ‘’Termina Account History’’ window.
FAQ
How do I close a position in MT4?
Open the Mt4 terminal. First, right-click on the order you wish to close and select ‘Close Order,’ or double-click on order to bring up the ‘Order’ window and close it from there.
Another option, you can close a position by clicking the ‘X’ symbol at the base right corner of your MT4 terminal.
What is the close position in trading?
The closing position indicates canceling the existing market position by taking an opposite position. A close position in a short sale refers to buying back the security. In a long position, this would mean selling the security. The closing position is also understood as
‘’Position squaring’’
End lines
We often face a lot of challenges during trade activities. Most risky conditions make us desperate, and our decision power suddenly fails to control the situation. Our basic aim is to discuss how we can control our nerves and close our trade when the market suddenly moves down. This can save our account and make it possible to gain profit at the end of a trade.
MetaTrader 4 allows us to practice on the virtual accounts to make the practice of maximum profit and minimum loss in forex. Try this splendid app and make your trade easy.
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