Level 3 · Lesson 6 of 12 · 4 min read
Closing a Trade: When and How
Manual close, stop-loss hit, or take-profit reached.
Researched and written by Laurent Three Ways a Trade Closes
🎯
Take-Profit Hit
Price reached your target. Automatic close. Profit locked.
Price reached your target. Automatic close. Profit locked.
🛡️
Stop-Loss Hit
Price reached your risk limit. Automatic close. Loss contained.
Price reached your risk limit. Automatic close. Loss contained.
✋
Manual Close
You decided to exit. Right-click > Close Order.
You decided to exit. Right-click > Close Order.
How to Manually Close
- Find your trade in the Terminal panel (Trade tab)
- Double-click the trade, OR right-click > "Close Order"
- In the window that appears, click the yellow "Close" button
- The trade disappears from "Trade" and moves to "Account History"
Reviewing Your Closed Trade
After closing, switch to the Account History tab in the Terminal. You'll see:
- Entry and exit prices
- Profit/loss in your account currency
- Commission (if applicable)
- Swap (if you held overnight)
- Duration (how long the trade was open)
This information goes straight into your trading journal. Every. Single. Trade.
When to manually close: The main reason is when conditions change. Maybe a major news event is about to happen and you don't want the risk. Maybe the market structure has changed and your original analysis is no longer valid. Manual closes should be deliberate decisions, not panic reactions.
Key Takeaways
- • Trades close in 3 ways: TP hit, SL hit, or manual close.
- • To manually close: right-click the trade > Close Order, or double-click it.
- • After closing, the trade moves to Account History. Review every closed trade.
- • Check the final P/L, duration, and swap (if held overnight).