How to Partially Close a Position on MT4 ~ forex day trading advice
Let’s say you have a one lot position, but you decide to close half of it and hold the other half. That is possible to do in most trading platforms including MT4. This is what you have to do:
1. Press Ctrl+T to open the MT4 terminal. You can do it through the View menu at the top too.
2. On the terminal, choose the “Trade” tab at the bottom, if it is not already chosen. When you do this, you should be able to see all your open positions:
3. Double click on the open position on the terminal to open the order management window with the big yellow close button:
Please note that if you click on the fields that are under the S/L or T/P columns, a different order management window will be opened that allows you to modify the stop loss and target values, but doesn’t allow you to close the position.
4. To close a portion of your position, you can change the volume at the top left side of the order management window to the value you want to close, and then click on the yellow button. For example, when you have a one lot position and you want to close half of it and hold the other half, then you have to change the volume to 0.5 and click on the close button. Or, when you want to close 0.2 lots and hold the other 0.8 lots, you can change the volume to 0.2 and click on the yellow button.
Please note that if you cannot find the value you want on the volume drop-down menu, you can enter it manually.
The stop loss and target value of the position which is left open will not change when you close a portion of your initial position.
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