Closing trades in Meta Trader

 

As a newie trying Forex Automoney, I can't understand the technique for closing a trade. Could someone please explain the simplest way to close a trade and also, having entered Stop Loss and Take Profit amounts, should the trade be left open until it closes having reached either figure or should I close it after say 24 hours?

Advice on these matters would be sincerely appreciated.

Thanks,

Stuartp77

 
Stuartp77:

As a newie trying Forex Automoney, I can't understand the technique for closing a trade. Could someone please explain the simplest way to close a trade and also, having entered Stop Loss and Take Profit amounts, should the trade be left open until it closes having reached either figure or should I close it after say 24 hours?

Advice on these matters would be sincerely appreciated.

Thanks,

Stuartp77

You can close a trade whenever you like. First need to use OrderSelect() function to select the proper trade and then OrderClose().

Check documentation how to use these functions.

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