Was looking where i could ask this question in an existing thread but couldn't find any appropriate so here goes...
Can anyone let me know how i can scale out of a trade with MT4..
So,.. I place a trade say 10 lots (for example)...
The trade goes my way for say 50 pips and i want to reduce my risk to 2.5 lots and let it run....
Do i have to now delete the trade and place a different trade with 2.5 lots, this doesnt seem right..![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/2753.png?v=15.1)
Hope someone can help..
Thanks
Can anyone let me know how i can scale out of a trade with MT4..
So,.. I place a trade say 10 lots (for example)...
The trade goes my way for say 50 pips and i want to reduce my risk to 2.5 lots and let it run....
Do i have to now delete the trade and place a different trade with 2.5 lots, this doesnt seem right..
![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/2753.png?v=15.1)
Hope someone can help..
Thanks
By failing to prepare, you are preparing to fail - Benjamin Franklin