There are many different ways to close an order, which we’ll list here with steps for your convenience.

• Closing an order
• Partial close of an order
  • Desktop terminals
  • MT4/MT5 mobile
  • Exness Trader
  • Exness Terminal
• 'Close by' function

Closing an order

This is the typical approach to closing an order, and the most commonly used method. Some steps may be skipped by enabling one-click trading.

To enable one-click trading: Tools > Options and then ticking the One-Click Trading box under the Trade tab; note the disclaimer and tick ‘I Accept the Terms and Conditions’ before clicking OK to enable.

To close an order:

1. Find your open order in the Trade tab in your trading terminal.
2. Here are multiple ways to initiate the close:
   1. Double-click on it to open up the Order window, then select the yellow Close button.
   2. Right-click the entry in the trade tab to open the Order window, then select Close Order; this method closes the order instantly with one click trading enabled.
   3. Click the X icon next to the entry in the trade tab; this method closes the order instantly with one-click trading enabled.
3. The order is now closed.

For Exness Terminal users exclusively - Click on Close all positions to close all open orders with a single click. This button is located in the top right corner of the trading terminal.

Partial close of an order

This approach allows you to close a specific volume of an open order.

Desktop terminals

To partially close an order on your desktop MT4 or MT5:

1. Find your open order in the Trade tab in your trading terminal.
2. Double-click on it to open up the Order window.
3. Set the amount you wish to close under Volume then click the yellow Close button.
4. The amount set to close in your order will now be closed.

MT4/MT5 mobile

If you are an MT4 or MT5 mobile application user:

1. Long press on the order in the Trade tab to bring up the options. Tap Close position.
2. Modify the volume to the part you want to close.
3. Finally, tap Close to confirm.

Exness Trader

To partially close orders on the in-built trading terminal available on the Exness Trader app:

1. Go to the Accounts page which displays the order history and select the Open tab.
2. Locate the order and tap it to bring up the order details.
3. Tap the Partial close tab and set up the volume you would like to close. Note that this needs to be lesser than the order volume.
4. Check the current prices and hit Confirm to close a part of the existing order.

Exness Terminal

For Exness Terminal, partially close orders by following the below-mentioned steps:

1. Go to the Portfolio tab to find all your orders.
2. Locate the order you would like to partially close.
3. Click the pencil icon beside the order to modify and choose the Partial close tab.
4. Enter the number of lots you would like to close and click the yellow button to confirm closure.

Partial orders are archived in the History tab as any closed order would be.

‘Close by’ function

The close by function allows the simultaneous closing of hedged orders, or even multiple pairs of hedged orders. The advantage is that only one spread is paid when closing multiple orders, rather than spread being charged twice (once for each side of the hedged order).

Example:

Trader A and Trader B both have a pair of hedged orders open.

• Trader A closes each half of the hedged order individually, resulting in 2 spread charges.
• Trader B closes both halves of the hedged order at once using the close by function, which results in a single spread charge (as both halves are closed at the same time).

Remember: if two hedged orders are closed individually, 2 spreads will be paid. In contrast, Close By lets you close two hedged orders simultaneously resulting in a single spread paid.

Close by lets you use the price of the order you close with, so you can control the spread charged by ensuring you close against the desired price. Close by is only available when there are opposite positions of the same instrument with matching suffixes.

Full and multiple close by

Close by can be used to close fully or partially, as required, with an option to close multiple pairs of hedged orders at once. Close by functionality is available in MT4 and MT5, but multiple close by is exclusive to MT4.

Full close by:

1. Double-click on either hedged order in the Trade tab to open the Order window.
2. Under Type, select Close By and then select the order in the area that has appeared.
3. Click the yellow Close button.
4. The hedged orders are now closed.

Multiple close by:

This only works when there are 3 or more hedged positions open in MT4.

1. Double-click on any hedged order in the Trade tab to open the Order window.
2. Under Type, select Multiple Close By, then click the yellow Close button.
3. ALL hedged orders will be closed; any remaining unhedged orders will stay open.

For the closure of both orders, the spread is shown to be charged by the open price, while spread is shown as zero for second hedged order. If there is remaining volume after partial closing of hedged order by close by function, this will be displayed as a new order and assigned a unique ID number and when this is closed it will receive the comment ‘partial close’.