How to Close Trade in MT4 Mobile

by Jul 25, 2022Forex Trading Platform

Close Trade in MT4 Mobile by navigating to Trade tab where all trades are and click on the trade you want to close. Then click on the button “Close” and the trade in MT4 mobile will be closed with profit/loss that is currently on the trade.

Step #1 – Click on the Trade Tab

First you need to position yourself where all orders are in MT4 mobile.

Trade tab is in the middle of available tabs below in the MT4/5 mobile Forex trading platform.

Trade tab in MT4 mobile

Step #2 – Click on the Trade You Want to Close

From the list of open orders select the one you want to close. Click on one of the orders and hold until a new menu appears.

Click Open trade in MT4 mobile

Step # 3 – Select Close Order

From the available options you should click on the Close Order. This command will get you to the next window where you will need to confirm current profit/loss.

Close Trade in MT4 mobile

Step #4 – Confirm Close Order

Now you need to verify the current profit/loss and confirm that you want to close the order.

If the current status of the order is fine by you then click on the button below. In this case I have profit on the order so I will confirm that I want to close the order with profit.

Confirm Close Trade in MT4 mobile

Step #5 – Confirmation Page

When the order is closed you will get a confirmation page that shows you the order closed.

Closed Trade in MT4 mobile

After that the MT4 mobile platform will redirect you to the Trade tab where you will see the rest of the open orders.

If you want to close other orders simply repeat the same process from step #1 up to step #5.

Open trades in MT4 mobile

How to Close Trade in MT5 Mobile

Close trade in MT5 mobile is the same as in MT4 mobile. The difference is only in the MT5 mobile design which does not impact on the whole process.

Here are instructions how to close trade in MT5 mobile:

Step #1 – Click on the Trade tab

Step #2 – Click on the trade you want to close

Step #3 – Select Close Position

Step #4 – Confirm Close Order with profit/loss

Step #5 – Confirmation page

Step #1 – Click on the Trade Tab

Trade tab in MT5 mobile

Step #2 – Click on the Trade You Want to Close

Click Open trade in MT5 mobile

Step #3 – Select Close Position

Close Trade in MT5 mobile

Step #4 – Confirm Close Order With Profit/Loss

Confirm Close Trade in MT5 mobile

Step #5 – Confirmation Page

Closed Trade in MT5 mobile
Open trades in MT5 mobile

How to Close All Orders on MT4 Mobile

Close all orders in MT4 mobile is possible by using the “Multiple Close by” option.

Other options you do not have in MT4 mobile trading platform because MT4 mobile is limited in scripts or Expert advisors who could do the complete tasks.

But, there is a condition that must be fulfilled. Let me explain all that you need to know.

To close all orders at the same time you need to have a sell order with the lot size that is equal to buy order.

There are two options.

You can have one buy and one sell order. And then close those two orders by canceling each other in lot size.

1.0 buy order /= 1.0 sell order

Second option is to have one sell order and several buy orders. But buy orders have sum of all lot sizes equal to one sell order. The same analogy is equal when using one buy order and several sell orders.

0.5 sell order /= 0.1 buy + 0.1 buy + 0.1 buy + 0.1 buy + 0.1 buy

What is “Close by” in MT4?

Close by option gives you the possibility to close a trade with other trades that are in the opposite direction.

That means, if you have one buy order you can use another opposite order which is sell order to close that order.

And, if those two orders are with the same lot size then you will close both orders at the same time.

Close By With Same Lot Size

1.0 lot buy order = 1.0 lot sell order

equals to Close Both orders

Let me show you an example of how that looks in MT4. I will open two orders, one sell and one buy order with the same lot size.

Read more: Order Type on Android MetaTrader 4/5

I will use 1.0 lot which is the standard lot size.

And then I will try to close buy order with close by option by using 1.0 sell order.

Close By Two Identical Lot size

Now, I will click on the BUY order and in the list of possible options I will select the Close By option.

Close By Command

Here you can see in the top corner of the page that there is order #913420701 which is a buy order. And I will close that order by using sell order.

Below you can see that I have sell order #913420428 with 1.0 lot size.

So, I have a buy and sell order with 1.0 lot size.

Close By with same lot size

When you click on the Close by #913420428 you will close both ordersIn my case I have closed buy and sell order at the same time.

You can see that sell order #913420428 has been used to close buy order #913420701.

The message shows you:

Order #913420701 was closed by #913420428.

Closed by closed both orders

Close by With Different Lot Size

In another case where you have one buy order and second one is sell order, but with different lot sizes on each order, then you will close only one order completely where another one will remain open with the rest of the lot size.

The order with larger lot size will stay active with the remaining lot size. And by that I mean this:

1.5 lot buy order closes with 1.0 lot sell order

1.5 lot buy – 1.0 lot sell = 0.5 lot buy

The difference between these two orders is the 0.5 lots for buy order. So, the buy order will remain active.

Let me show you this with an example.

Read more: How do I Place a Trade on the Android App for MT4/MT5?

Close By with different lot size

I will close the BUY order with the sell order by using Close by option.

When I click on the BUY order I will select the Close By option and you will see these two orders.

Close By with different lot - partial closing

The process is the same as in the previous example.
Simply click on the CLOSE by button and you will close orders.

But the result will be different.

At the end the buy order with 1.0 lot is closed completely with 1.0 lot size of the sell order.

But, 0.5 lot size of the sell order is still active. Because 0.5 lots did not close.

Closed by closed both orders partially

If you want to close remaining 0.5 lots of sell order you need to close it by using close order command.

Close by Opposite Positions

In this case you can close order by using opposite positions.

I will show you how to close one sell order with 5 buy orders. And the one rule is that 5 buy orders together must have the same lot size as one sell order.

If you have this condition fulfilled then you will close all orders with one click on MT4 mobile.

Multiple close by with 5 orders

I have 5x buy orders with 0.1 lot size. And 1x sell order with 0.5 lot.

Lot size of buy orders are equal to 0.5 which is the same as 0.5 sell order.

Then, I will click on the USDJPY sell 0.5 order and select Close by command.

When I do that I will have an option to use the “Multiple close by” command which allows me to close all orders at the same time.

Multiple close by

When I click on the “Multiple close by” command I will have all orders below, including 0.5 sell order.

When I click on the button “CLOSE by” I will close all orders at the same time. The MT4 mobile platform will sum all buy orders and close one sell order together with 5x buy orders.

Multiple close by with 6 orders

At the end you will receive a message saying that USDJPY order is closed with multiple close.

This is a nice solution if you want to close all positions you have open with one click.

But, if you have more than 5 buy orders or less than 5 buy orders then you will close partially. Partial closing I have explained earlier so check it again if you want to refresh your memory.

Multiple close by closed

How to Close a Half Position on MT4 Mobile

If you want to close half of your position on the open order you need to do some simple change on the order you have open.

I will use 1.0 buy order and close only half of it.

 

Close half position

Now, I will close the order, but before closing an order I will change the lot size.

From 1.0 I will change this to 0.5. That means I want to close only 0.5 lots from the current order which is as large as 1.0 lot.

Close half position by reducing size

To change the lot simply use the number on the left side where you can see minus 0.01 or minus 0.1.

Select one of those two and reduce the lot size until you get to 0.5 lots.

When you are done click on the close order button below.

Half position set

When you are done you will have one buy order with 0.5 lots which are left after closing 0.5 lots.

This way you can close half of the position in MT4 mobile, but you can close any other lot size.

It is up to you to decide which lot size you will close.

Closed half position

Conclusion

Close order in MT4 mobile is not that hard, but you have several options to use.

You can close order simply by clicking on close order button.

Then you have the option to close two orders at the same time or you can close more of them. The only condition is to have the same lot size of buy and sell order so they can cancel each other.

Read more: How to Modify Trade on MT4/MT5

And there is an option you can close partial lot size. That can be half of an open position or any other size.

“Disclosure: Some of the links in this post are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. This does not cost you anything extra on the usual cost of the product, and may sometimes cost less as I have some affiliate discounts in place I can offer you”

Frano Grgić

Frano Grgić

A Forex trader since 2009. I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners. Market analysis is featured by Forex Factory next to large publications like DailyFX, Bloomberg... GetKnowTrading is becoming recognized among traders as a website with simple and effective market analysis.

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