A beginner-friendly guide to closing existing positions in MT4, including steps for modifying orders and partial closures.
Using market and limit orders to close positions in MT4
When closing an open position with a market order in the MT4 interface, first ensure that One-Click Trading is enabled.
You can also close a position using One-Click Trading.
Partial closures are not available in this mode.
Activating One-Click trading
You can check to see if One-Click Trading is enabled by following these steps:
- Go to "Tools" → "Options" → select the "Trade" tab.
- Make sure the "One Click Trading" box is ticked.
How to close an open position
- In the "Terminal" window at the bottom of the screen, select the open position you wish to close.
- Right-click on the selected position and choose "Close position".
- The "Order" window will open. Confirm the details, then click "Close by Market" to close the position using a market order.
Partial closures are possible when using a market order.
To perform a partial close, adjust the volume in the "Order" window and then click "Close by Market".
If you wish to modify an open position:
- Select the relevant position.
- Right-click and choose "Modify or Delete position".
- In the "Order" window, you can set both stop-loss and take-profit levels.
