Key Automation Question: Why do I see a good profit on my MT4 account but the trade doesn’t close and take the profit?
This is a question I get asked often because it does puzzles people in the beginning. The new starter sees a large blue profit number and they are thinking ‘why isn’t this trade being closed’? It is very frustrating for the beginner especially when they are eager to make profit and start to see the results they know others have benefited from. So Why does this happen?
So for example. I have two EURUSD trades that were opened on my account back in August 2020 at a price of 1.17978. Back at the end of March 2021 these trades went into profit for me and naturally you think, these should close. However, these EURUSD’s were opened on the master account on a different date and a different price. Eg. maybe 1.1300 as the Take Profit target is 1.1200. So for the Master account a currency price of 1.1798 means this trade is in loss and if it closed on the Master account it would be a large loss so the trade remains open until the initial entry price is reached or the target profit is reached. This means as your account is mirror a master account, trades will not close they will remain open.
What can you do?
The primary note here is always happens at the beginning of a new trader's journey and once into the swing of daily trading, this activity is gone. It only applies at the beginning.
If you need anymore guidance on this then let me know!
The commentary I write is not financial advice, it is meant to help others with their self knowledge and growth.
I serve people who want their money to work harder for them instead of it sitting in the bank.