{"id":5690,"date":"2020-08-14T14:47:00","date_gmt":"2020-08-14T12:47:00","guid":{"rendered":"https:\/\/www.investsoft.eu\/shop\/?p=5690"},"modified":"2022-01-27T07:28:43","modified_gmt":"2022-01-27T06:28:43","slug":"trade-manager-mt4-mt5-partial-closing","status":"publish","type":"post","link":"https:\/\/investsoft.eu\/shop\/2020\/08\/14\/trade-manager-mt4-mt5-partial-closing\/","title":{"rendered":"Trade Manager MT4\/MT5 \u2013 Partial Closing"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p>The partial close is a feature that allows you to only close part of a trade, therefore securing at least a small profit from early close on a portion of that trade or perform a phased exiting from a losing trade.<\/p>\n<p>In Trade Manager, you can perform partial trade close automatically or manually.<br \/>\u00a0<\/p>\n<h2>Manual closing part of Trade<\/h2>\n<p>On the panel in the main tab is a button to close part of the trade.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"260\" height=\"459\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic1.png\" alt=\"Trade Manager MT4 \/ MT5 - manual closing part of trade\" class=\"wp-image-310\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic1.png 260w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic1-170x300.png 170w\" sizes=\"(max-width: 260px) 100vw, 260px\" \/><\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 manual closing part of trade<\/figcaption><\/figure>\n<\/div>\n<p>&nbsp;<\/p>\n<p>What part of the transaction will be closed after clicking the button can be set in the program configuration<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"260\" height=\"364\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic2.png\" alt=\"\" class=\"wp-image-313\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic2.png 260w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic2-214x300.png 214w\" sizes=\"(max-width: 260px) 100vw, 260px\" \/><\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 configuration of manual closing part of trade<\/figcaption><\/figure>\n<\/div>\n<p>&nbsp;<\/p>\n<p>We can choose value in lots:<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"520\" height=\"101\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic3.png\" alt=\"\" class=\"wp-image-312\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic3.png 520w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic3-300x58.png 300w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 manual closing part of trade in percent<\/figcaption><\/figure>\n<\/div>\n<p>\u00a0<br \/>or as a percentage<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"520\" height=\"101\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic4.png\" alt=\"\" class=\"wp-image-314\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic4.png 520w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic4-300x58.png 300w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 manual closing part of trade in lots<\/figcaption><\/figure>\n<\/div>\n<p>&nbsp;<\/p>\n<p>If you choose a percentage, the value is calculated according to the current transaction size, e.g.:<\/p>\n<p><em>If we set 50% and we have an open order of for example 0.24 lots, then after clicking the \u201cClose 50%\u201d button Trade Manager will close 0.12 lot of the transaction. After re-clicking \u201cClose 50%\u201d 0.06 lot will be closed, the next click will close 0.03 lot and so on..<\/em><br \/>\u00a0<\/p>\n<p>&nbsp;<\/p>\n<h2>Automatic closing part of trade<\/h2>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"260\" height=\"263\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/pic5.png\" alt=\"\" class=\"wp-image-317\" \/><\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 automatic closing part of trade<\/figcaption><\/figure>\n<\/div>\n<p>&nbsp;<\/p>\n<p>With automatic setting of partial order closing, we set parameters in the panel and they apply to all transactions.<\/p>\n<p>We can set up to 4 levels of partial closings in profit and also max. 4 levels of partial closing of trades on a loss.<br \/>For each stage of closing a part of the transaction, we can define the size of the part to be closed and the distance from the opening price.<\/p>\n<p>The size of the part to be closed can be specified in lots or as a percentage of the initial order size.<\/p>\n<p>The level where the part of the trade should be closed also can be defined as the distance from the opening price in pips or as a percentage of the distance from the opening price to the take profit or to the stop loss.<\/p>\n<p>For a Partial Profit Closing there is a 3rd option to set distance to close part of trade and this is Risk Reward (\u201crr\u201d).<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"231\" height=\"134\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_rr.png\" alt=\"Trade Manager MT4\/MT5  - partial closing with risk reward distance option\" class=\"wp-image-321\" title=\"partial closing with risk reward distance option\" \/><\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 partial closing with risk reward distance option<\/figcaption><\/figure>\n<\/div>\n<p>&nbsp;<\/p>\n<p>If you set the value rr = 1.0, then part of the order will be closed when the current price is in the distance equal to the distance SL. If the value is set to y = 2.0, part of the order will be closed when the price is 2 x SL and so on.<\/p>\n<p>Some examples below:<br \/>\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1020\" height=\"609\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example2.png\" alt=\"\" class=\"wp-image-316\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example2.png 1020w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example2-300x179.png 300w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example2-768x459.png 768w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 example of automatic closing part of trade<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1020\" height=\"609\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example1.png\" alt=\"\" class=\"wp-image-315\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example1.png 1020w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example1-300x179.png 300w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/08\/part_close_example1-768x459.png 768w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><br \/>\u00a0<\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 example of automatic closing part of trade<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"823\" height=\"581\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3.png\" alt=\"\" class=\"wp-image-322\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3.png 823w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3-300x212.png 300w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3-768x542.png 768w\" sizes=\"(max-width: 823px) 100vw, 823px\" \/><br \/>\u00a0<\/p>\n<p>&nbsp;<\/p><figcaption>Trade Manager MT4\/MT5 \u2013 example of automatic closing part of trade<\/figcaption><\/figure>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The partial close is a feature that allows you to only close part of a trade, therefore securing at least a small profit from early close on a portion of that trade or perform a phased exiting from a losing trade. In Trade Manager, you can perform partial trade close automatically or manually.\u00a0 Manual closing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[82],"tags":[],"class_list":["post-5690","post","type-post","status-publish","format-standard","hentry","category-forex-trade-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>InvestSoft - Forex EA | Forex Indicators | Forex Tools<\/title>\n<meta name=\"description\" content=\"We are a team of traders and developers who create the best Forex Expert Advisors, Forex Robots, Forex Indicators, Forex Tools for MT4 &amp; MT5.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investsoft.eu\/shop\/2020\/08\/14\/trade-manager-mt4-mt5-partial-closing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InvestSoft - 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