MT4 users use mobile phones very often and trade and close their trades. In this article, we will analyze how to close the trade in MT4 mobile?
MT4 users can close the trade in the MT4 mobile application if they navigate to the “Trade” tab, tap on the trading order that they wish to close, and select the option “Close.” After MT4 users select close options, they will need to confirm the current profit or current loss’s closure.
Please see the image with steps on how to close the trade in MT4 mobile:
Please see video instruction on how to close the trade in the MT4 mobile application:
How to close all trades in MT4 Androids?
To close all trades in MT4 Androids, open the MT4 mobile application, navigate to the “Trade” tab, select all trades you wish to close and select the option “Close.”
There is one more close option in the MT4 platform.
What is “close by” in MT4?
The “Close By” operation in MT4 allows traders to simultaneously close two opposite positions of the same financial instrument (close two hedged orders by canceling each other out). If opposite positions have different lot values, only one of them will be left open.
“Close by” rules:
- When we close the hedge positions, the resulting volume will be equal to the difference between the lot values of the two positions.
- The direction of the remaining position will be the same as the direction of a larger position.
- If the positions are closed separately, the trader pays the spread two times.
- During the “Close By” operation, the open price of the second position is used to close the first one, and the second position is closed at the open price of the first position.