Change or cancel pending order

PC Change or cancel pending order

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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.

Step 1

Change an order from the Terminal

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

Or, right-click the order to modify and select "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

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

Double-click the dotted line to modify an order

Step 2

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 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".

If "Modify" is not activated

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

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

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

Or, right-click the order to modify and 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

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

Step 2

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.