How to Close a Trade on MT5 in 3 Easy Steps
Opening a trade on MetaTrader 5 is only half of the process. You also need to know how to exit correctly.
Closing a trade ends your open position at the available market price. Your floating profit or loss then becomes a realised result in your account.
The good news is that closing a trade on MT5 takes only a few clicks. You do not need to place a new order manually.
In most cases, you can close an MT5 trade in three steps:
- Open the Trade tab.
- Select the position you want to close.
- Click Close Position and confirm the order.
MT5 also gives you other ways to exit. You can close part of a position, use one-click closing, or set automatic exit levels.
Dominion Markets gives traders access to MetaTrader 5 for placing and managing trades.
This guide explains each method without making the process harder than it needs to be.
What Happens When You Close a Trade on MT5?
Closing a trade means ending an open position.
Imagine you bought EUR/USD and later decide to exit. MT5 sends an order that closes your existing buy position.
The same idea applies to a sell position. Closing it ends your exposure to that market.
MetaTrader explains that closing involves a trade opposite to the original position. For example, closing a one-lot buy requires an equal sell operation.
Once the trade closes, its profit or loss stops changing with the market.
The position also disappears from your list of active trades. You can then find its details inside your trading history.
Your actual exit price may differ slightly from the price you see before clicking. Market prices can move while an order reaches the broker.
This matters more when prices are moving very fast.
How to Close a Trade on MT5 in 3 Easy Steps
The standard desktop method is the best place to start.
Step 1: Open the Trade Tab
Start by finding the Toolbox area at the bottom of MetaTrader 5.
Select the Trade tab to see your current positions.
If the Toolbox is hidden, press Ctrl+T on Windows. MetaTrader lists this shortcut as the command for opening or closing the Toolbox window.
Your Trade tab normally shows details such as:
- Trading symbol
- Order or position number
- Entry price
- Current price
- Position size
- Stop Loss
- Take Profit
- Current profit or loss
Find the exact position you want to close before doing anything else.
This check becomes important when several trades use the same currency pair.
Look at the position size and ticket number before moving to the next step.
Step 2: Select Close Position
Right-click the trade you want to exit.
Choose Close Position from the menu.
You can also double-click the position to open its trading window on desktop.
A new window will show the trade details before you close it.
Check the symbol and position size again.
For example, make sure you are closing EUR/USD instead of another open trade.
You should also check whether you want a full or partial close. We explain partial closing later in this guide.
Do not confuse closing a position with opening another trade.
The exact result can depend on your MT5 account's position system. MT5 supports both netting and hedging systems.
Using the Close Position command avoids needless confusion when closing a normal trade.
Step 3: Confirm the Close
The final step is simple.
Review the trade details, then click the button that closes the position.
MT5 sends the request to your broker.
After execution, the trade no longer appears as an open position.
You can check your History tab afterward to confirm the exit.
Your history lets you review the entry, exit, trade size, and final result.
MetaTrader also notes that some execution modes may require an updated price before closing. For Request Execution, you first request a price from the broker.
For most traders, the key habit is checking the position before pressing the final button.
A wrong click can close a different trade than you planned.
How to Close Part of a Trade on MT5
You do not always need to close your whole position.
MT5 also supports partial closing.
Suppose you have a 1.00-lot position. You may decide to close only 0.50 lots.
Open the normal closing window first.
Instead of closing the full 1.00 lots, change the Volume field to 0.50.
Then submit the close.
The chosen part closes while the remaining position stays open.
Partial closes can help when your plan calls for taking some profit early.
For example, imagine your trade reaches its first target.
You could close part of the position and keep the remaining amount open.
This does not mean partial closing is always the better choice. Your exit should still follow the rules of your trading plan.
Check your volume carefully before confirming.
Entering the full position size by mistake will close the entire trade.
How to Close a Trade on MT5 Mobile
MT5 mobile uses the same basic idea with a different layout.
On the Android version, start by opening the Trade tab.
Find the position you want to exit.
Long press that position, then choose Close position.
The closing screen will appear.
Review your position details and use the close button at the bottom.
MetaTrader also lets Android users select a position level from the chart. They can then use the Close button from the lower panel.
Mobile closing is useful when you are away from your computer.
Still, avoid rushing because the buttons are smaller than the desktop controls.
Check the symbol and size before sending the request.
Can You Close an MT5 Trade With One Click?
Yes. MT5 supports one-click position closing.
On desktop, the Trade tab can display a close button beside an open position.
Pressing that button can close the trade without another confirmation screen when one-click trading is active.
This method saves time, but it also gives you less time to check your order.
A normal close window gives you another chance to review the position.
That can be helpful for newer MT5 users.
One-click closing makes more sense once you know the platform well.
Do not use faster order tools simply because they exist. Use them when they fit your way of trading.
How to Close a Pending Order on MT5
A pending order works differently from an open position.
It has not entered the market yet.
Because no position has opened, you normally delete the pending order instead of closing it.
Go to your Trade tab and locate the order.
Right-click it and select the option to delete the order.
MT5 also lets you remove pending orders using its one-click controls.
Common pending order types include Buy Limit, Sell Limit, Buy Stop, and Sell Stop.
Deleting the order prevents it from opening later if its trigger price is reached.
Make sure you are selecting the pending order itself rather than an existing position.
What Is “Close By” on MT5?
You may also see an option called Close By.
This feature is designed for hedging accounts with opposing positions on the same symbol.
For example, you could have both a EUR/USD buy and EUR/USD sell position.
Close By allows two opposite positions to close against each other.
If both positions have equal size, both can close completely.
If their sizes differ, part of the larger position can remain open.
MetaTrader states that Close By is available only under the hedging position accounting system.
This is different from the normal three-step process covered earlier.
Beginners should first learn standard position closing before using more advanced trade controls.
Traders can also use a trailing stop on MT5 to move the stop level as price moves in their favor.
Can Stop Loss and Take Profit Close Trades Automatically?
Yes.
You do not always need to close an MT5 trade manually.
A Stop Loss sets a price where the position should close to limit further loss.
A Take Profit sets a target where the position should close and secure the result.
MetaTrader lets traders add these levels when placing an order. They can also be managed after a position has opened.
These tools can be useful when you cannot watch the chart all day.
Still, choose your exit levels before entering the trade when possible.
Moving them without a clear reason can change the risk you first planned.
Learn more in this guide on how to properly use stop loss and take profit on MetaTrader 5.
Common Mistakes When Closing an MT5 Trade
Closing an MT5 position is easy, but simple mistakes still happen.
The first is closing the wrong position.
Always check the symbol, direction, ticket, and volume before confirming.
Another mistake is entering the wrong partial-close volume.
If you want to close 0.20 lots from 1.00 lot, check the field carefully.
Some traders also confuse pending orders with open positions.
Remember that an active position gets closed. A pending order that has not triggered gets deleted.
Another mistake is using one-click closing before learning how it works.
A single click may send the exit without another confirmation screen.
Finally, do not assume every exit happens at the exact price shown on screen.
Prices can move during order execution, mainly during fast market conditions.
How to Check If Your MT5 Trade Closed
After closing the trade, open the History section.
Your closed trade should appear there instead of the active Trade tab.
Review the result and make sure no part of the position remains open.
This check becomes even more important after a partial close.
You may have intentionally closed only part of the original trade.
Trade history is also useful for reviewing past decisions.
You can compare where you entered, where you exited, and how the market moved afterward.
That information can help you spot repeated mistakes in your trading process.
Final thoughts
Learning how to close a trade on MT5 does not need to be hard.
For a standard desktop exit, remember these three steps:
- Open the Trade tab.
- Select the position and choose Close Position.
- Review the details and confirm the close.
From there, you can learn partial closes, mobile exits, Stop Loss, Take Profit, and one-click controls.
Practice the process on a demo account before using real funds. Focus first on choosing the correct position and checking its volume.
Dominion Markets supports MetaTrader 5, giving traders access to MT5 tools for opening, managing, and closing their positions.
The buttons are easy to learn. The more important skill is knowing why and when your trading plan says to exit.
FAQs
1. How do I close a trade on MT5?
Open the Trade tab, right-click your position, and select Close Position. Review the details and confirm the close.
2. How do I close a trade on MT5 mobile?
Open the Trade tab and long press your open position. Select Close position, then use the closing button.
3. Can I partially close a trade on MT5?
Yes. Open the closing window and reduce the Volume field before confirming your exit.
4. Why can't I close my trade on MT5?
Check your connection and confirm the market is open for that instrument. You should also review any error shown by MT5 or your broker.
5. Does closing a trade cancel my pending orders?
No. Pending orders are separate instructions. Delete any pending order you no longer want active.
6. Where can I see closed trades on MT5?
Open the History tab. It records completed trading activity and lets you review past positions.
Ready to Apply This in Live Markets?
