Close deal instead of position

[Dua Yong Rew]

Hi,

I want my EA to open multiple deals. When price goes against me, I average in.

So when price went in my favour, can I select the individual deal in profit to close?

[Andriy Moraru]

There is absolutely no difference, which deal to close :-). Consider you bought several gold bars at different price. Now they are lying in your strongbox all shiny and glittery. Will it matter, which one of them you sell first? No, what matters is the average price you've bought them all for.

[Dua Yong Rew]

enivid:

There is absolutely no difference, which deal to close :-). Consider you bought several gold bars at different price. Now they are lying in your strongbox all shiny and glittery. Will it matter, which one of them you sell first? No, what matters is the average price you've bought them all for.

but can it be done?

closing deal instead of the position? 

[graziani]

deal is a consequence of order. you cannot close a deal.

you have to give another order, which will result in another deal (if the order is correct).

 

check the documentation :) 

[phi nuts]

doshur:

but can it be done?

closing deal instead of the position? 

No can't do https://www.mql5.com/en/articles/384#trading

Find the broker who can do - like hedging https://www.mql5.com/en/forum/8372/page2#comment_345054 

[Icarus]

enivid:

There is absolutely no difference, which deal to close :-). Consider you bought several gold bars at different price. Now they are lying in your strongbox all shiny and glittery. Will it matter, which one of them you sell first? No, what matters is the average price you've bought them all for.

I agree, what matters is the average price...

By the way, if you want, you can also close the position a little by little, by lot size, if it goes in your favor. You can close each deal by the exact amount (lot size) used in the position you opened.

[Dua Yong Rew]

phi.nuts:

No can't do https://www.mql5.com/en/articles/384#trading

Find the broker who can do - like hedging https://www.mql5.com/en/forum/8372/page2#comment_345054 

as I guess so.

Another quick question.

If I open deals at price $3.00 - 1 lot, $2.00 - 1 lot, $1.00 - 1 lot

the average price is $2.00 - 3 lots. So if i close 2 lots at any price, is my average entry price still at $2.00? 

[Andriy Moraru]

doshur:

as I guess so.

Another quick question.

If I open deals at price $3.00 - 1 lot, $2.00 - 1 lot, $1.00 - 1 lot

the average price is $2.00 - 3 lots. So if i close 2 lots at any price, is my average entry price still at $2.00? 

Yes, of course. The average entry price may be changed only with entry, not exit.

[Dua Yong Rew]

enivid:
Yes, of course. The average entry price may be changed only with entry, not exit.

Thanks for the info

[Dua Yong Rew]

I hope to bring this up again because some strategy I use need to close individual order instead of the whole position.

Can MQ give some info??? 

[Simon Gniadkowski]

doshur:

I hope to bring this up again because some strategy I use need to close individual order instead of the whole position.

Can MQ give some info??? 

You cannot close an Order,  you can delete a Pending Order.  You can place an Order and once it is executed it becomes a deal,  that deal may create, add to or subtract from a position.  

If you are using and discussing MT5/mql5 you must use the correct terminology if you want to communicate effectively:  Orders, Positions and Deals in MetaTrader 5