The Benefits of Close By The “Close By” feature allows traders to close two hedged orders by cancelling each other out. The benefit of doing this is that only one spread and one commission charges is payed for two orders. In contrast, if two hedged orders are closed independently then …
Traders usually partial close an order when they want to reduce their risk. To partial close an open order, right click the open order, then click “Modify or Delete Order”. Change the Type to “Market Execution”. Change the Volume to which you want to partial close,then click “Close #___ ___ …
The gross profit and loss of an order depends on the volume (order size) and also change of price movement. ProfitLoss = (ClosePrice – OpenPrice) × Volume × ContractSize For instance, if you have an open buy position at 1.11226 and close at 1.11255, the gross profit of your order …
Recommended prerequisite reading Why place Stop Loss an Take Profit? Placing Stop Loss (SL) and Take Profit (TP) is intended to automatic execute to close an open position when the price of underlying asset reaches a predefined price. When you have a buy position and you anticipate the price will …
Recommended prerequisite reading Check closed orders In your Terminal panel, click “Account History” tab. You should be able to see all previously closed orders from here. If it shows empty, right click in the tab and click “All History” from the drop down list. Other reading
Prerequisite reading Close an order To close an order, simply right click an open order from the Trade tab, then click “Close Order”. Continue reading Other reading
Recommended prerequisite reading Attention: Trading forex and contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. Place an order To place an an order, right click an instrument from your market watch then click “New Order” from the drop down …
In “Market Execution”, orders are executed immediately in the market and executed at market price. “Pending Order” allow you to place an order which will be executed in the future when the price reaches a predefined level, at your preference. When placing a new order, you can change the Type …
Recommended prerequisite reading To change password from your MetaTrader 4 Client Terminal, you must be logged into the trade account first. From the top toolbar, click “Tools”, then click “Options” from the drop down list. Click “Change”. Enter your current password (old password), then your new password, then confirm your …
Recommended prerequisite reading Login to Demo MetaTrader 4 Trading Account On the top toolbar, click “File”, then click “Login to Trade Account” from the drop down list. Enter your demo account credential which you have received in your email. Press “Login” button and you should be in! Error: Invalid account …