You can modify an open trade on MetaTrader 5 (MT5) at any time to adjust your Stop Loss, Take Profit or other order settings.

How to Modify an Open Trade on MT5

1. Open MetaTrader 5 and log in to your Kudo trading account.
2. Navigate to the Trade tab, where your open positions are displayed.
3. Select the trade you wish to modify.
4. Right-click the position (desktop) or tap the position (mobile) and select Modify Position or Modify Order.
5. Enter your new Stop Loss and/or Take Profit levels.
6. Review the updated values.
7. Click Modify or Confirm to save the changes.

Once confirmed, the updated Stop Loss and Take Profit levels will be applied to your open position immediately.

Please note that market conditions, minimum distance requirements and trading instrument specifications may affect the levels that can be applied to an order. If an invalid level is entered, MT5 will display an error message and the modification will not be accepted.

You can modify your risk management settings as often as needed while the trade remains open.

For a visual demonstration of modifying trades and managing positions, please refer to the instructional video below.