Modifying a Position

The current position can be modified by placing new levels of the attached orders Stop Loss and/or Take Profit. To modify a position, it is necessary to execute in the window/tab “Orders” the open position context menu command named “Modify Order”. In the window that appears, one should set new values for Stop Loss and/or Take Profit and press “Modify”.

Metatrader Mobile modify orders Modifying Position

To change values of Stop Loss and Take Profit, it is necessary to write the new values in the corresponding fields. To place orders in points from the current price, it is necessary to set the desired value in the field named “Level” and press the button just under this field. If values of these fields are zeros, the minimum permissible deviation set by the broker will apply.

If one has set Stop Loss and/or Take Profit too close to the current price when modifying the position, the “Modify” button will be blocked. It is necessary to move the levels from the current price and re-request modifying of the position. The trade position will be modified after the brokerage company has set the new values for Stop Loss and/or Take Profit. The changes made will be seen in the fields of S/L and T/P by the “View order” command of the open position context menu in the window/tab “Orders”.

Attention: Zero values in the fields of “Stop Loss” and “Take Profit” mean that these orders have not been placed at all.

Modifying Position