In the process of trading on the Forex market, traders need to partial closing of the deal and transfer of the rest of the order break even. This need may be dictated by the conditions of one or another, or simply by common sense.
Usually trading according to the strategy assumes that the price with a high degree of probability will pass a certain number of points (for example, up to or a certain fixed amount), after which it can also go in the right direction, but with less probability. And, in order to prevent the market from taking the profit, the trader can partially close the deal, taking a certain part of the profit, leaving the opportunity for the order to bring more profit if the price can reach the second and subsequent target levels. But the price can turn around before reaching the second level, and in order not to get a loss, after partial closing, the rest of the order is transferred to breakeven. However, there will also be no profit. For example, taking a profit just happens by partially closing a deal: half of the profit is taken when the price passes 30 points, the other part when the price overcomes a new target level - 100 points:
Fig.1. An example of a partial profit taking strategy.So how do you close one trade in 2 or more times? Such an opportunity is provided in, and no difficulties arise. An important point is that partial closure is possible in cases where the transaction was opened with a volume greater than minimum size provided by the broker. Let's look at a partial closing of a deal using a specific example.
Let's say that a buy deal was opened in the MetaTrader terminal by currency instrument GBPUSD with a volume of 0.05 lots at a price of 1.5644. At the same time, the minimum allowable volume with which you can enter the market when trading on the Cent Lite account of the Forex4you broker is 0.01 lot. The price went in the right direction, reached a certain level and can go further. Or maybe not go. Therefore, the trader decides to partially take profits, and transfer the rest of the transaction to breakeven. Partial closing of the transaction in this case is carried out as follows:
In this case, only part of the order will be closed with the volume that was set - 0.02 lots. Profit is fixed in the amount of 21 points - at the level of 1.5655. A new line will appear in the Account History window, where information on the closed transaction will be indicated (click to enlarge the image):
Rice. 4. Partially closed order in the Account history window.In the line with the order that remained on the market, its volume will be changed - it was 0.05, we closed 0.02 lots, respectively, there will be an order with a volume of 0.03 of the whole lot. Similarly, it will be possible to close another part of the order - open the remaining order and set the required volume for the next partial closure. And this in our example can be either 0.01 or 0.02 lots. Or completely close the deal with a lot of 0.03.
The second stage of the operation to partially close the transaction is the transfer of the remaining part of the order to breakeven.
What does the expression Transfer order to breakeven mean? . Under breakeven on Forex, and on others financial markets, it means such a price level at which the closing of the transaction at the market price, by take profit or stop loss will occur or with a zero result, that is, the transaction will not bring any profit or loss, or the order will be closed by stop loss, but with profit. In this case, we are interested in breakeven with a zero result. To get a zero result, we need to at the price of its opening.
Technically, the transfer to breakeven is carried out as follows:
Now, if the price goes further in the right direction and touches the set take profit level of 1.5675, then the second part of the deal will be closed - with a lot of 0.03 and with a profit of 31 points (1.5675 - 1.5644). If the price reverses and touches a new stop-loss level, then this part of the transaction will be closed with zero profit, but without loss. The result will be equal to the take profit taken when closing a deal with a volume of 0.02 lots.
Transfer to breakeven is possible only when at the time of the operation the open transaction is in profit and at a distance that is greater than or equal to the minimum allowed distance to the market price set by the broker. This information can be found in the order modification window (Figure 6), at the very bottom - the inscription You can set Stop Loss and Take Profit no closer than 3 points from the market price. If necessary, you can link to the order.
There is an alternative to the method of partially closing a transaction and transferring it to breakeven, described above. If the trading strategy involves taking take profit in several stages, then you can enter the market with several orders at once. For example, according to the strategy and , the entry into the market should be carried out with a volume of 1 lot, and the deal should be closed in 3 stages: 0.3, 0.3 and 0.4 lots. You can open one order and close it in parts when you reach the required levels. But for this you need to "monitor" an open deal, tracking the situation on the market near the computer. This is not entirely and not always convenient. And you can open three orders with the specified volumes, and for each order, the required take profit level can be set. And plus set a stop loss for all orders, equal to the smallest of all take profit orders of the deal. Now, when closing the first part of a general deal, consisting of 3 orders, the standard trailing stop of the MetaTrader 4 terminal will automatically transfer both remaining orders to breakeven.
After reading this information, novice traders should not have problems with closing a part of a Forex transaction and transferring the rest of it to breakeven. This technique is not complicated, but it will not allow the market to take the trader's profit, minimize his losses and will be needed in work, both with many strategies and with.
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I give a tooth that 60% of traders do not even know that an open order can be closed in parts. And today this little article will be devoted to just that.
Scaling is the opening or closing of positions in parts. This is the method by which trading is managed. It helps to reduce potential losses, as well as increase profits.
The reasons for the need to apply scaling at the close lie in the time the trend exists. The amount of profit that a trader receives directly depends on the time of its existence.
So, we have opened and, perhaps, we are already at the level of the originally planned profit. At the same time, we can be confident that the trend will continue to move. Here you can close only part of such a position. This is how we fix profits and keep the remaining volume open for profit on . By working in this direction, we maximize profitability.
Opening and closing positions in parts is a method that allows you to manage trading.
It helps to significantly reduce potential losses and increase possible profits.
Closing positions not entirely, but in parts will help you take profits of each of the parts, while you have some part of the position open, which helps to take advantage of the continuation of the trend movement.
There are additional risks associated with this type of trading. However, they are associated with the lack of a money management strategy as well. If such a strategy is applied, then there is nothing to worry about.
It is important to understand that every trend eventually ends. Therefore, you should carefully enter the market if there is a possibility that the trend is coming to an end.
We look at the picture:
If there is a deal with a volume of 1 lot, closing in parts is carried out as follows:
How to close an order on profit? This question arises for those who have already figured out what goods can be traded on the stock exchange, because it remains only to understand how to do it correctly.
To make a profit on Forex, it is not enough to have a trading account and an open order. To do this, you need to be able to close an order by profit in MetaTrader 4 or 5. Closing orders is the opposite of opening a trade.
The MetaTrader 4 and 5 versions of the terminal distinguish between:
But first you need to figure out what types of orders exist in the Forex market.
Types of orders used in Forex trading
MetaTrader 4 or 5 client terminals make it possible to prepare and issue orders to brokers for the execution of certain trading operations. In addition, trading terminals allow you to control the status of an open order and manage it. To perform these procedures in Forex, several orders are used.
Orders are client orders for trading and financial transactions, which are submitted for execution to brokers.
In the MetaTrader terminal, versions 4 and 5, traders are encouraged to use the following types of orders to open / close positions:
— TakeProfit (TakeProfit)– an order designed to make a profit when the price of an asset reaches the predicted level. The execution of TakeProfit leads to the closing of positions. This type of orders is associated with pending orders or open positions. You can issue TakeProfit only with a pending or market order.
A single open position is closed automatically when prices are equal according to the values of TakeProfit or StopLoss orders. Translated into Russian, "StopLoss" means "stop losses." This type of orders is used to close positions in order to limit losses when the price moves in an undesirable, unprofitable direction.
"TakeProfit" in translation means "to take profit". This order is used in trading to fix profits. In other words, to close positions, at the moment the price reaches a certain profitable level on the chart. As a rule, when opening a position, both types of orders are set, and when one order is triggered, for example, by TakeProfit, then the second, i.e. in this case, StopLoss becomes automatically irrelevant.
To close a position by profit in MetaTrader 4 or 5 manually, double-click on this position, or use the context menu of this position in the window: - "Terminal - Trade". Those. click on an open order with the right mouse button.
The window for closing orders should open (long yellow button), where the terms will be: , trading instrument, for example, EUR/USD, type, trade number, and the current price at which your trade will be closed. If TakeProfit and StopLoss were placed for this order, then information on them will also be given, only in the line below.
In the case of a correct choice, i.e. the order you need at the price that suits you - click "Close". After program processing, a notification will appear stating that the current, open order for such and such a number with certain characteristics has been closed.
We note right away that a broker can also close your position. Some brokerage companies set the "Stop Out" levels. These levels are set, as a rule, in the amount of 20% of the margin of current positions.
Funds = available profit on all total open positions + unused at the moment available funds– current loss on all, again, open positions.
Let's give an example: The balance of the trading account is $3,500. With several positions open, the amount of reserved funds is $2,000. "Stop Out" - 20%. Now let's calculate the value of the loss: $2,000x0.2-$3,500=-$3,100. In other words, with a loss of $3,100 or more, open positions will be closed by the broker automatically. Positions will be closed one by one, starting with the more unprofitable ones, until the funds are above 20%.
In the standard Metatrader terminal, versions 4 and 5, an overlapped order (position) is the opposite order for the same symbol ( financial instrument). For example, if among the positions you have opened, there are one or several opposite positions, then you can close the necessary position in MetaTrader 4 in parallel with the opposite one.
To do this, open the "Order" window. In the "Type" field that appears, select " Close closed orders". After that, a complete list of closed positions should appear at the bottom of the window. Next, select an opposite position from the list and activate the “Close closed orders by…” button, this makes it possible to close two open orders at once.
If the closed orders had a different number of lots, then only one of them will remain open. The volume of this order (lots) will be equal to the difference in lots of closed positions, and its opening price and direction will be equal to the larger volume of closed orders.
By closing several closed orders by profit in MetaTrader 4, you can also close one symbol at a time and several opposite positions. To do this, also open the "Order" window and then follow all the steps described above. Only in this case, orders will be closed in pairs, according to the time they were opened.
In cases where the difference in the sums of volumes of such orders is not equal to zero, then a new order is opened, the volume of which will be equal to such a difference. This open order participates in further closing processes, but at the same time in accordance with the time of its opening. This will continue until all orders are closed or the last position with total results is opened.
We note right away that when trying to close orders in other ways, for example, to carry out a reverse operation with an open position, you need to open new transactions in the program, and not close previously opened ones.
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Many are interested in whether it is possible to close not the entire order (deal), but only part of it, using profit in MetaTrader 4 or 5? You can do this, because. The trading terminal supports this possibility. So how to close an order partially?
The operation of partial closing of orders must be performed in this way. As with the usual closing of orders, you need to go to the menu item " Close order».
On the screen you will see the corresponding window related to the selected order. But since we do not need to completely close the order, in the "Volume" window you must specify the amount that you want to withdraw from the open transaction. Then activate the button close».
After that, your order will not be closed completely, but only for the amount you specified, while, of course, profit will be taken into account. The rest of the amount in the transaction will remain unchanged. The use of this profit closing scheme in MetaTrader 4 or 5 orders allows for a more flexible approach to the creation and further use of Forex trading strategies.
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Closing a part of the deal in Metatrader
And , and started , You can start training while on a demo account, and then on a real account.
First you need to learn open and close Forex transactions, or in other words, trading positions.
To open new deal in Forex, you must first make sure that the chart of the desired currency pair and then click on the button New order on the toolbar.
You can also use the main menu command Service - New Order . In addition, you can right-click on the currency pair you need in the window Market Review, and choose a command New order .
Double click on the desired currency pair in the window Market Review will also bring up a window for opening a new trade.
To create a deal, click on the button buy(buy) or Sell(sell).
The open position, as well as the set Stop Loss and Take Profit, will be displayed on the chart as dotted lines. At the same time, the Stop Loss and Take Profit lines can be moved by simply grabbing them on the chart with the left mouse button pressed.
Window Terminal located at the very bottom, under the graphs. It can be opened or closed by selecting the main menu item View - Terminal
. You can also use the corresponding button on the toolbar.
To view open positions and general financial result select tab Trade .
In the window Terminal You will be able to see all information about trading activity: order number, position opening time, operation type (sell or buy), trade volume, currency pair, sell or buy price, Stop Loss and Take Profit, current price, commission, swap and profit.
Positions can be sorted by time, type, volume, and so on by clicking on the names of the corresponding columns.
Below all open positions in the list, you will see the following information:
In open trading positions, you can change, set or delete Stop Loss and Take Profit. To do this, in the window Terminal open tab Trade, click on the desired order with the right mouse button, and select the item Modify or delete an order . You can also double-click on the open trade line in the chart window, or right-click on it and select Change or close order.
Then you make the necessary changes, and click on the button to confirm these changes.
You can remove Stop Loss and Take Profit by setting zeros in the corresponding boxes.
To close a trade, double-click on the desired order in the tab Trade window Terminal, or click on this order with the right mouse button, and select the item Close order .
Also, if desired, you can make a partial closing of the transaction. To do this, double-click on the desired open position in the window Terminal, and before clicking the button to close the deal, select the volume you want to close.
If, for example, your deal volume is equal to one lot, then by setting the volume of 0.5 lots to close the deal, you will withdraw half of the money from the deal and keep the other half. At the same time, in the tab Trade window Terminal a new open position will appear, which will be a continuation of the previous position.
To view all transactions made on Forex, open in the window Terminal tab Account History
. In it you will see all completed transactions, and their parameters: order numbers, time of opening and closing transactions, type closed deals, their volumes, what currency pairs they were used for, what were the Stop Loss and Take Profit levels, opening and closing prices, swaps and profit (or losses) from the transaction.
Under the list of closed transactions, you will see the final result of all transactions.
The terminal also has the ability to automatically generate reports. To make a report, in the window Terminal tab Account History right-click on any of the closed deals, and select the item Save as drillthrough report , or item Save as report . Download the report to your computer. and see how the file htm, or as a picture file in the format gif .
You can get more detailed information in the sections "All courses" and "Utility", which can be accessed through the top menu of the site. In these sections, the articles are grouped by subject into blocks containing the most detailed (as far as possible) information on various topics.
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How to close a deal in mt4 for android how to set or change an order - these and similar questions are of interest to traders who decide to take advantage of mobile trading opportunities and switch from stationary trading terminal to its mobile version for the Android operating system.
First, let's look at what the full interface includes. mobile terminal MetaTrader4, designed for Android fans.
The first advantage of a mobile terminal is convenience. The main window has four tabs:
List of indicators built into mobile version terminal, much less than their number in the stationary version, which does not reduce the efficiency of trading using indicators, since the most popular and reliable trading assistants are selected in the list.
How to close a deal in mt4 for android: ways
The result of closing the transaction will be displayed on the balance of the trading account.
