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How do I close a position on MT4?

To manually close an open position, you must first locate the order in the MT4 ‘Terminal’ window at the bottom of your MT4 screen. Right-click on the order you wish to close and select ‘Close Order’, or double-click on the order to bring up the ‘Order’ window and close it from there. Alternatively, you can close a position by clicking the ‘X’ symbol at the bottom right corner of your MT4 terminal.

If you have one click trading enabled, these actions will result in the immediate closure of the trade, without displaying any confirmation window. 

If you have set valid stop-loss or take-profit levels, your order will be closed once the market price reaches either of the levels you have specified.