Methods to modify and cancel limit and stop orders in MT4 (Windows)
In MT4, you can add, modify, or delete limit orders, stop orders, and associated closing orders for pending orders.
You can also cancel the orders themselves.
There are mainly two ways to modify or cancel limit and stop orders:
・Modify from the order placement window
・Modify directly on the chart
How to Modify from the Order Window
This method involves displaying the order placement window for active positions and making changes.You can display the order placement window mainly in two ways:
・From the terminal
・From the chart
From the terminal 1
Right-click on the desired order in the ‘Trade’ tab within the terminal, and select ‘Modify or Delete Order’ from the menu that appears.
From the terminal 2
Double-click on the desired order in the ‘Trade’ tab within the terminal to display it.
From the chart
Double-click on the line showing the position on the chart, or right-click on the line showing the limit or stop order, and select 'Modify ...' from the menu that appears.
Enter the changes in the displayed order placement window and click the 'Modify' button to complete the modification.
To cancel an already specified closing order, set the order price to zero.
Clicking the 'Delete' button will cancel the limit or stop order.
How to Modify on the Chart
To modify limit or stop orders on the chart, you must display the lines representing positions and orders on the chart.
Select ‘Options’ from the ‘Tools’ menu in MT4.
In the 'Charts' tab of the displayed options window, check 'Show trade levels'
Drag from the line representing the limit or stop order to the desired level to change the price. If there are associated orders, they will move by the same interval.
※ If one-click trading is ON, the order is modified immediately, and if it is OFF, the order screen will appear for confirmation before you click 'Modify Order' to complete the changes.
Similarly, to modify an associated closing order alone, drag on the line representing the associated order.
To cancel a limit or stop order, right-click on the line representing the order on the chart, and select 'Delete ...' from the menu that appears. To cancel an associated closing order alone, click 'Cancel Take Profit' or 'Cancel Stop Loss' on the respective line.
※ If one-click trading is ON, cancellation is executed immediately, and if it is OFF, the order screen will appear for confirmation before you click ‘Delete’ (for associated orders, ‘Modify’).
