How to Modify and Partially Close Open Trades on DXtrade | Hola Prime

Introduction

Trading is a dynamic process, and often you need to adjust your strategy after a trade is already live. Whether the market has moved in your favor and you want to lock in partial profits, or you need to move your stop loss to break even, DXtrade provides intuitive tools to manage your active positions. This lesson explains how to modify your protection orders and how to scale out of a trade by closing only a portion of your total lot size.

Modifying Active Positions

If you need to change your Stop Loss or Take Profit on a trade that is already running:

Navigate to the Positions tab at the bottom of the platform.
Double-click on the specific trade, or right-click and select "Modify Position."
In the window that appears, you can check the boxes for SL or TP and enter new values.
You can adjust these using various units, including absolute Price, Pips, projected monetary loss/profit, or a percentage of your balance.
Click "Modify" to save your changes.

Visual Modification via Charts

For a more hands-on approach, DXtrade allows you to adjust your orders directly on the chart:

Click on the Order Line (the horizontal line representing your entry) on the chart.
To set or change a Stop Loss or Take Profit, simply click and drag the lines to your preferred price level.
Once you release the line, a confirmation window will pop up; click "Modify Order" to finalize the new position of your limit.

The Mechanics of Partial Closing

Partial closing is an essential technique for "scaling out" of a winning trade. This allows you to take some profit while leaving the rest of the position open to catch further price movement:

Go to the Positions tab and click the Cross (X) icon next to the trade you wish to adjust.
In the pop-up window, look for the Lot Size field.
Instead of closing the entire amount, enter the specific fraction you want to close (e.g., if you have 0.10 lots open, enter 0.02 to close only 20% of the trade).
Click "Close Position." The specified amount will be settled, and the remaining 0.08 lots will continue to run.

Managing Risk Dynamically

By combining modifications and partial closes, you can implement advanced trade management:

Take Partial Profits: Close half your position once the price hits a primary target.
Move to Break Even: After taking partial profits, modify your Stop Loss and drag it to your entry price.
This strategy ensures that even if the market reverses, you have already secured some gains and the remaining trade is "risk-free."