Method 1: Full Close via Terminal
Open Terminal → Trade tab (Ctrl+T)
Find the open position you want to close. Note the current profit/loss shown in the last column.
Click the × button on the right
Each open position has an × button at the far right of its row. Clicking it opens the close dialog. The volume field will show the full position size. Click "Close" to execute a full close at market price.
Method 2: Partial Close
Partial closing lets you lock in some profit while keeping part of the position running. This is a common professional technique — take partial profit at the first target, then trail the remaining position to a larger target.
Open the close dialog (× button)
The close dialog shows the volume field pre-filled with the full position size.
Reduce the volume to the amount you want to close
If you have a 0.10 lot position and want to close half, change the volume to 0.05. The remaining 0.05 stays open.
Click Close
0.05 lots close at current market price, locking in profit. The remaining 0.05 lot position stays open in the Trade tab. You can then move its stop to breakeven to make the remaining position risk-free.
With One-Click Trading enabled, the trade panel on the chart shows a "Close" button next to each open position's P&L display. One click closes the entire position instantly — no dialog. Be careful with this in fast markets.
Cancelling a Pending Order
Pending orders that haven't triggered yet also appear in the Trade tab. To cancel one:
Right-click the pending order → Delete Order
Or click the × button at the right of the pending order row. A confirmation dialog appears. Click "Delete" to cancel the order permanently.
If you have a MT5 account with netting mode (common with stock brokers), you cannot have simultaneous buy and sell positions on the same instrument. Opening an opposite position will instead reduce or close your existing position. Choose "Hedging" account type at MT5 demo account creation to trade both directions independently.