Partial trade close in MT4 | Forex Factory

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Partial trade close in MT4

  • #1
  • First Post: Jun 20, 2011 11:52am Jun 20, 2011 11:52am
I haven't used MT4 in quite a while. Is it still possible to close part of a trade in MT4? If so, how?

For example, a 2 lot trade, I want to close out 1 of the 2 lots for profit, and let the other 1 lot remain at break even and change the further gain.
  • #2
  • Jun 20, 2011 11:56am Jun 20, 2011 11:56am
i dont think that is possible.

if your mt4 broker allows bidirectional trading, however, and you dont mind paying the additional spread, maybe consider entering an opposing trade for an appropriate number of lots in the opposite direction.

happy coding,

zero/.
  • #3
  • Jun 20, 2011 1:41pm Jun 20, 2011 1:41pm
Quoting alyehoud
I haven't used MT4 in quite a while. Is it still possible to close part of a trade in MT4? If so, how?

For example, a 2 lot trade, I want to close out 1 of the 2 lots for profit, and let the other 1 lot remain at break even and change the further gain.
yes you can close half lots, when on the mini pop up chart just select how much you want to close.
  • #4
  • Jun 20, 2011 1:57pm Jun 20, 2011 1:57pm
All you need to do is place your one lot order for closing the position. When the order is filed in your order basket (which now shows this as an open position), double click on the order. You will the click where it says instant execution and it will bring open a drop down list. Select "close by" on the drop down list then it will bring up your 2 lot trade. Simply click on the 2 lot so that it is highlighted and click ok. Voila, you closed half your position. Hope this is clear.
  • #5
  • Jun 20, 2011 2:41pm Jun 20, 2011 2:41pm
it is rare that i learn anything new about metatrader..

been working on it so long now and all..

so, cool.

but, i dont see that close by option, i am in the united states and fifo is an issue.

is it the fifo rules that prevent me from doing this close by thing?

thank you.
  • #6
  • Jun 20, 2011 3:35pm Jun 20, 2011 3:35pm
zzzero, probably so. I too am a US citizen but do my trading offshore where fifo/ctfc does not apply. Also much bigger leverage than 50/1.
  • #7
  • Jun 20, 2011 3:43pm Jun 20, 2011 3:43pm
it's as simple as jeremy said... just go to modify the order, change the lot size to the amount you want to close, then click close.

not sure if fifo affects this or not.
Congratulations ScalaFX for coming out of the closet!
  • #8
  • Jun 20, 2011 5:00pm Jun 20, 2011 5:00pm
Quoting Marlin Man
zzzero, probably so. I too am a US citizen but do my trading offshore where fifo/ctfc does not apply. Also much bigger leverage than 50/1.
offshore?

like where?

mind saying?

how much leverage?

in advance, thank you for your time.
  • #9
  • Jun 20, 2011 5:06pm Jun 20, 2011 5:06pm
anybody mind posting a screenshot of how you are doing this partial close?

thank you.
  • #10
  • Jun 21, 2011 12:52am Jun 21, 2011 12:52am
Screen shots
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 22 KB
Click to Enlarge Name: 2.png Size: 58 KB
Click to Enlarge Name: 3.png Size: 37 KB
  • #11
  • Jun 21, 2011 2:23am Jun 21, 2011 2:23am
or the easy way...

http://2.bp.blogspot.com/_0wFEpji6kb...lose%2BMT4.jpg

then click the close button.

it's possible that this is nerfed depending on how your broker handles orders... not sure.
Congratulations ScalaFX for coming out of the closet!
  • #12
  • Oct 9, 2018 7:12am Oct 9, 2018 7:12am
Partially closing works for Instant Execution (now).

But how to partially close for Pending Order (later)?
  • #13
  • Oct 9, 2018 9:04am Oct 9, 2018 9:04am
Quoting ciprobay
Partially closing works for Instant Execution (now). But how to partially close for Pending Order (later)?
A pending order is not open. Just modify the volume.
  • #14
  • Oct 12, 2018 10:54pm Oct 12, 2018 10:54pm
Quoting ciprobay
Partially closing works for Instant Execution (now). But how to partially close for Pending Order (later)?
Its only for instant execution. Maybe an expert advisor can execute with the settings.
  • #15
  • Oct 13, 2018 3:13am Oct 13, 2018 3:13am
with this scrip. you will close the parcia that you want to make fast. to enjoy
Attached File(s)
File Type: ex4 Close partial or complete trade.ex4   6 KB | 1,099 downloads
  • #16
  • Last Post: Nov 20, 2020 2:19am Nov 20, 2020 2:19am
what is the advantage of using close by function?the spread is been charged in the beginning of the trade.does it save commission or swap or ?
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