As the name implies, closing your position will close and end the active trade or pending orders.
Position closing in MetaTrader 5 can be used on both instant trades and pending orders. It can be done using:
1. Direct close button
2. Close order options
3. The close button on the open position window.
Closing a position in MetaTrader 5
To close a position in MetaTrader 5, there are 3 straightforward methods you can use:
By using the “x” button or close position button located to the extreme right of the position details from the trade tab.
Using the close position option from the menu — which can be done by right-clicking on the position and selecting the option.
Using the open position window — from the trade tab, double click on the order or position you want to close, and it will open a new dialog or window. Click on “close” and your position will be closed.
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