closing trades on MT4

[hn19]

Has anyone had problem with closing trades on MT4?

[EdFuk]

Hi guys,

Well I've tried what you suggested Casey to no avial. I can set up a pending order no problem and that works nicely. However when I change the lot size using the arrows then move my mouse a bit MT4 just crashes. Then I relaunch MT4 and set the stop order by double clicking on the appropriate ladder and it sets the order. When that order fills it just starts another order and does not close part of the original order. This is what I was left with.

 

I've  tried with both NonHedgingMode = true and false and the same thing happens.

 

Out of curiosity - How is the order processed? If you say it's a function of the mini terminal and you can't send the order using the MT4 order window I'm intrigued to know what parameter in the pending order (which is broker side) is set to tell them to close the opposite position? Surely if the closure part was done by the mini terminal it wouldn't be filled as it's the same as manual pressing close in MT4.

If anyone can shed some light that would good,

cheers,

Ed

Edited March 20, 2020 by EdFuk

[Caseynotes]

12 minutes ago, EdFuk said:

Hi guys,

Well I've tried what you suggested Casey to no avial. I can set up a pending order no problem and that works nicely. However when I change the lot size using the arrows then move my mouse a bit MT4 just crashes. Then I relaunch MT4 and set the stop order by double clicking on the appropriate ladder and it sets the order. When that order fills it just starts another order and does not close part of the original order. This is what I was left with.

 

I've  tried with both NonHedgingMode = true and false and the same thing happens.

 

Out of curiosity - How is the order processed? If you say it's a function of the mini terminal and you can't send the order using the MT4 order window I'm intrigued to know what parameter in the pending order (which is broker side) is set to tell them to close the opposite position? Surely if the closure part was done by the mini terminal it wouldn't be filled as it's the same as manual pressing close in MT4.

If anyone can shed some light that would good,

cheers,

Ed

As above the pending order in Orange means it's lodged with the broker.

How did it work out on the live platform as I did in the post above on usdjpy just for the demonstration?

[EdFuk]

4 minutes ago, Caseynotes said:

As above the pending order in Orange means it's lodged with the broker.

How did it work out on the live platform as I did in the post above on usdjpy just for the demonstration?

I will try on a live account and let you know.

I'm still struggling to understand what parameter is mini terminal setting on the order ticket to tell it not to take a hedge trade and to close part of the existing trade? Mini terminal must be setting a flag somewhere to do this?

[Caseynotes]

Just now, EdFuk said:

I will try on a live account and let you know.

I'm still struggling to understand what parameter is mini terminal setting on the order ticket to tell it not to take a hedge trade and to close part of the existing trade? Mini terminal must be setting a flag somewhere to do this?

As I said earlier and others also have concerns that the demo platforms have been playing up lately. On the mt4 live platform you can stop the bet size right down to 10 pence a point.

[Caseynotes]

@EdFuk, see here;

 

[EdFuk]

Thanks Casey, I will check that vid out later. 👍

[EdFuk]

On 21/03/2020 at 09:03, Caseynotes said:

@EdFuk, see here;

 

Nice concise video there Casey. The way this chap scaled out of the trade is how I normally do it, however I have been unable to do this during the high volatility of recent times. This is because it is an instant execution order rather than a pending one in the queue. I'd love to find out if there is a way to schedule a pending partial closure within MT4 and not relying on mini terminal. I have to say I still don't understand how the mini terminal is supposed to work.

Edited March 22, 2020 by EdFuk

[Guest Rad]

On 17/03/2020 at 00:36, hn19 said:

Has anyone had problem with closing trades on MT4?

IG just take our money and closed it way before hit  stop lost and ignore us