Android MT5 app - partial close | Forex Factory

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Android MT5 app - partial close

  • #1
  • First Post: Aug 25, 2023 8:04am Aug 25, 2023 8:04am
Hello members

Can someone please advice on how to partial close on the androide app for MT5?
For example:
trade 1: is loosing 150USD
Trade 2: is winning 50USD.
outcome wanted:
Trade1: open with just 100USD loss
Trade2: closed

I would like to use 100% of trade2 profit to reduse the loss from trade1 but still keep trade1 open with less loss and trade2 fully closed.
Thanks
  • #2
  • Aug 26, 2023 12:43pm Aug 26, 2023 12:43pm
Nobody knows?
  • #3
  • Aug 27, 2023 1:29pm Aug 27, 2023 1:29pm
Quoting Merka
Nobody knows?
I think I understand what you mean, but I don't think you need a partial close. If you just close trade 2, that money in your account and it offsets a part of the loss you have on trade 1 on your account. You can't "transfer" money from one trade to the other if that is what you mean.

Brokers decide how separate positions are treated inside MT5. Either the broker sees every single trade on the same instrument as a separate trade or the broker can also see every 2nd (and 3rd, 4th,...) trade as an addition to the position that is already open trade and averages out your entry price and risk. It's either one or the other.

I am not an expert in this, it's just what I have experienced with different brokers.
  • #4
  • Aug 28, 2023 1:37pm Aug 28, 2023 1:37pm
Quoting CaesarCrypto
{quote} I think I understand what you mean, but I don't think you need a partial close. If you just close trade 2, that money in your account and it offsets a part of the loss you have on trade 1 on your account. You can't "transfer" money from one trade to the other if that is what you mean. Brokers decide how separate positions are treated inside MT5. Either the broker sees every single trade on the same instrument as a separate trade or the broker can also see every 2nd (and 3rd, 4th,...) trade as an addition to the position that is already open...
Thanks Brother
  • #5
  • Aug 29, 2023 12:57am Aug 29, 2023 12:57am
Quoting Merka
Hello members Can someone please advice on how to partial close on the androide app for MT5? For example: trade 1: is loosing 150USD Trade 2: is winning 50USD. outcome wanted: Trade1: open with just 100USD loss Trade2: closed I would like to use 100% of trade2 profit to reduse the loss from trade1 but still keep trade1 open with less loss and trade2 fully closed. Thanks
You can partially close positions on metatrader 5 android app.
Choose the position you want to close, tap close, and you will see the window that shows how much profit/loss you will get when you close that position. By default, you are closing the entire position, but you can edit the position size that you want to close. With your example, let's say position 1 is open with 1.5 lots and a 10 pip drawdown, so that's a 150 usd loss. Choose a close position and edit the lot size to 0.5. Now you closed 0.5 lots and took a 50 usd loss (0.5 lot size with 10 pips drawdown). 1 lot is still open with a 10 pip drawdown (a 100 usd loss).
  • #6
  • Aug 29, 2023 4:05am Aug 29, 2023 4:05am
Quoting BlaBlaFx
{quote} You can partially close positions on metatrader 5 android app. Choose the position you want to close, tap close, and you will see the window that shows how much profit/loss you will get when you close that position. By default, you are closing the entire position, but you can edit the position size that you want to close. With your example, let's say position 1 is open with 1.5 lots and a 10 pip drawdown, so that's a 150 usd loss. Choose a close position and edit the lot size to 0.5. Now you closed 0.5 lots and took a 50 usd loss (0.5 lot...
Nice explanation.
Thanks
  • #7
  • Last Post: Sep 6, 2023 7:11am Sep 6, 2023 7:11am
You'll need to manually enter the specific lot size you want to close for Trade 2, using the "Close By" feature or equivalent option, ensuring that the remaining profit covers the desired reduction in Trade 1's loss.
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