MetaTrader 5 iPhone/iPad HelpTradeModifying a Position

Modifying a Position

Modifying a position involves changing its Stop Loss and Take Profit levels. To do this, select the position in the Trade tab and choose 'Modify Position' from the context menu.

To change a value, tap on - or + buttons next to the field, or tap directly on the field to enter a value using the keyboard.

Once you have set the desired values, click 'Modify'.

The "Modify..." button remains disabled until valid values for Stop Loss and Take Profit are entered. Stop level requirements are determined by the broker and specified in the symbol properties (contract specifications).

Modifying a Position

Advanced Mode #

This mode is available when modifying positions directly from the chart and provides additional tools for risk calculation.

Working with the Dialog

The trading dialog can be minimized, expanded, or stretched to full screen by dragging it up or down, or by using the buttons Expand / Resize in the header. Tapping once on an empty area of the chart minimizes the dialog, and tapping again hides it completely.

Take Profit and Stop Loss

Take Profit and Stop Loss levels can be set in several modes:

  • Price – the instrument price at which the order should execute.
  • Pips – the distance from the order price in pips.
  • Currency – an approximate monetary amount in the deposit currency that you will gain or lose when the level is triggered. When entering a desired value, the actual calculated amount is displayed below. This may not exactly match the entered value due to price increments.

For each mode, the application displays the corresponding value in the alternative mode. For example, if you set levels in pips, you will immediately see the corresponding price and the approximate amount you will gain or lose if the level is triggered (if nonzero).

When setting levels in pips, you can lock the Take Profit to Stop Loss ratio. To do this, set both levels, then tap Fix the Take Profit and Stop Loss ratio. Now, adjusting one level will automatically update the other according to the specified ratio, including when moving levels on the chart. This setting is retained for future orders until it is changed or disabled.

Setting Take Profit and Stop Loss Levels in advanced mode

Levels can be set in multiple ways:

  • Directly on the chart – for this, you should temporarily minimize the trading panel to adjust levels. Moving levels near chart edges will automatically rescale the chart, providing access to a wider price range.
  • If stop levels are set in pips or currency, they will automatically move by the same amount when the order price changes. This also respects the locked ratio of levels if enabled.
  • Manually via keyboard – tap the current value and enter a new one.
  • Using the adjustment panel that opens when you tap on the field with a checkmark. Suggested increment steps adapt dynamically depending on the current value.

To remove a level, either clear the value in the corresponding field or tap on the checkmark and then the icon delete_all_icon in the panel that appears.

Once you have set the desired values, click 'Modify'.

  • The entered Take Profit and Stop Loss values are saved after submitting an order. When placing a new order, previously used values will be automatically loaded into the dialog. Only the most recent value for each level is stored; values are not saved separately for each symbol. Saved values are stored in pips and converted to prices when applied, ensuring levels remain accurate even if the instrument price changes.
  • When switching instruments, previously saved levels may be too far from the current price and may not appear on the chart. In this case, adjust the levels manually or remove and re-add them. By default, levels are placed within visible chart range.