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Change or cancel pending order

On MetaTrader4 (MT4) / MetaTrader5 (MT5), after placing a limit/stop/stop-limit order, you can still change the price, take-profit (T/P), stop-loss (S/L), and expiration date, as long as the order hasn't been executed yet. Also, you can cancel your limit/stop/stop-limit orders if necessary.(*1)

Here, we'll take a look at how to change or cancel limit/stop orders on MT4/MT5. You can change or cancel pending orders from the Toolbox (Terminal for MT4) or chart.

Switch between MT4/MT5 tabs to check the steps for each.

(*1)Limit and stop orders are available on MT4. Stop-limit orders are only available on MT5.

mt4
mt5

Step 1

Change an order from the Terminal

Click the "Trade" tab in the Terminal and double-click the pending order to change.

Open a pending order from the Terminal Open a pending order from the Terminal

Or, right-click the order to modify and select "Modify or Delete Order".

Right-click to show Modify or Delete Order Right-click to show Modify or Delete Order

Change an order on the chart

Double-click the dotted line indicating the pending order on the chart.

Related article: How to show position on chart

Change an order on the chart Change an order on the chart

Or, right-click the dotted line indicating the pending order and select "Modify".

Double-click the dotted line to modify an order Double-click the dotted line to modify an order

Step 2

Modify the settings in the order window.

Edit a pending order Edit a pending order

Number

Item name

Descriptions

1

Type

Select "Market Execution" to change to the market order.

2

Price

Set the limit/stop price. Type the price or use the ▼▲ marks on the right side.

3

Stop Loss

Set the stop-loss (S/L) value. Type the price or use the ▼▲ marks on the right side.

Related article: Set or change T/P and S/L values

4

Take Profit

Set the take-profit (T/P) value. Type the price or use the ▼▲ marks on the right side.

Related article: Set or change T/P and S/L values

5

Expiry

Set the expiration time for the limit/stop order. To specify the date, check the box and open the calendar on the right side to select the date and time. Time is based on the server time.

Step 3

Click "Modify". To cancel the order, click "Delete".

Edit the order details and click Modify Edit the order details and click Modify
caution If "Modify" is not activated

The "Modify" button will remain gray if no change has been made to the order.

Edit a pending order Edit a pending order

Step 4

Once the order is modified, the order details will be updated in the "Trade" tab of the Terminal.

The order details will be updated in the Terminal The order details will be updated in the Terminal

If the order is deleted, it will be removed from the "Trade" tab.

Pending order will be removed from the Terminal Pending order will be removed from the Terminal

Step 1

Change an order from the Toolbox

Click the "Trade" tab in the Toolbox and double-click the pending order to change.

Double-click the pending order to modify Double-click the pending order to modify

Or, right-click the order to modify and select "Modify or Delete".

Select Modify or Delete Select Modify or Delete

Change an order on the chart.

Double-click the dotted line indicating the pending order on the chart.

Related article: How to show position on chart

Double-click the dotted line indicating the pending order on the chart Double-click the dotted line indicating the pending order on the chart

Or, right-click the dotted line indicating the pending order and select "Modify".

Select Modify Select Modify

Step 2

Modify the settings in the order window.

Modify the settings in the order window. Modify the settings in the order window.

Number

Item name

Descriptions

1

Type

Select "Market Execution" to change to the market order.

2

Price

Set the limit/stop price. Type the price or use the ▼▲ marks on the right side.

3

Stop Limit Price

Set the limit price for the stop-limit order. Type the price or use the ▼▲ marks on the right side.

4

Stop Loss

Set the stop-loss (S/L) value. Type the price or use the ▼▲ marks on the right side.
Related article: Set or change T/P and S/L values

5

Take Profit

Set the take-profit (T/P) value. Type the price or use the ▼▲ marks on the right side.
Related article: Set or change T/P and S/L values

6

Expiration/Expiration date

Set the expiration type for the limit/stop order. To specify the date, select "Specified" or "Specified day" in the "Expiration" field and specify the date and time in the "Expiration date" field. Time is based on the server time.

Step 3

Click "Modify". To cancel the order, click "Delete".

Click Modify Click Modify
caution If "Modify" is not activated

The "Modify" button will not be blue if no change has been made to the order.

Click Modify Click Modify

Step 4

Once the order is modified, the order details will be updated in the "Trade" tab of the Toolbox.

Order details will be updated in the Trade tab Order details will be updated in the Trade tab

If the order is deleted, it will be removed from the "Trade" tab.

If the order is deleted, it will be removed from the Trade tab If the order is deleted, it will be removed from the Trade tab

Date

Created

 : 2022.08.23

Update

Last updated

 : 2022.11.16

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

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Takayoshi Nakamaru

Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.

【Business information】
http://www.fintecs.co.jp/profile/

Supervisor

Akira Takagi

Systems engineer, MetaTrader administrator

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Akira Takagi

After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.

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