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Many traders focus most of their efforts on finding the right entry positions. However, equally important is mastering how to close a trade on MT4. Knowing how to stop a trade in MT4 correctly can be the difference between locking in profits or watching your profits turn into losses.
MT4 has a useful and simple feature for managing your open trades. In this guide, we’ll break down the different ways to close a trade on MT4. This will include all methods from manual closures to partial exits and automated stop-loss or take-profit methods.
Step-by-Step: How to Close a Trade on MT4
First, open your MT4 application and navigate to the terminal window, which is often located at the bottom of the screen. From there, open the “trade” tab, where you will find all your active trades.
To close trades today on MT4, right-click on the trade and select “close order.” Better yet, you can also double-click on the trade to open the order window. A new pop-up will appear showing the details of your position and a yellow “close” button.
Once you close a trade, it will disappear from the open positions list, and the profit or loss will be reflected in your Weltrade account balance.
One thing worth mentioning is that you may also close trades instantly without confirmation if you are using a one-click trading setup. However, you must be careful to select the correct trade before closing it.
Closing Part of a Trade (Partial Close)
Partially closing a trade on MT4 involves closing only a portion of an open trade while leaving the remaining position active in the market. This option allows traders to lock in part of the profits or reduce exposure without completely exiting the trade.
The process of closing a trade partially on MT4 is similar to the steps you follow when closing a trade. However, instead of clicking “close,” you select “modify” or “delete order.”
From the pop-up order window, you will see the “volume” field, which represents the lot size. Reduce this value to the portion you want to close. For example, if you opened 1.00 lot, you might close 0.50 lots to leave half the trade running. Then click “close.”
Partial closing is often used for risk management.
Can You Pause a Trade on MT4?
Technically, you cannot pause a trade on MT4. The app does not have a feature to temporarily suspend an active position. Once a trade is open and active, the only options are closing it manually, reaching a stop-loss/take-profit level, or closure by the broker due to margin requirements.
While you cannot pause a trade on MT4, you can use risk management stop losses, take profits, trailing stops, and partial closes to maintain control over your positions if you know how to close trades on MT4 PC.
Wrapping up
Knowing how to close a trade on MT4 is a fundamental skill for every trader, whether you’re a beginner or an experienced investor. Successful trading isn’t just about getting entry positions right; it also involves having a clear exit strategy.
