CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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How do I modify or close an order in MT5?
You can modify or close orders in the MT5 terminal's Trade tab by right-clicking the position or order and selecting the appropriate option. To modify, update stop loss, take profit, or pending order settings and confirm. To close, select Close Position and confirm. Modifications or closures depend on product and platform conditions, and market factors may affect this. Closing a trade is final once executed.
Steps to modify an order
Step
Action
1
Open the Trade tab in the terminal section.
2
Right-click the open position or pending order.
3
Select Modify or Delete.
4
Update the stop loss, take profit, or pending order settings.
5
Confirm the modification.
Steps to close an open position
Step
Action
1
Open the Trade tab.
2
Find the position you want to close.
3
Right-click the position.
4
Select Close Position.
5
Confirm the close action.
Important notes
You can only modify or close orders when the product and platform conditions allow it.
Market closure, price movement, or trading restrictions may affect order modification.
