How To Edit An Open Position

Edit your stop loss or take profit on an open position directly from the chart or through the Edit panel. Changes are shown visually with live P&L and R values updating as you adjust.

You can edit an open position's stop loss and take profit at any time - either by typing new values in the Edit panel or by dragging the SL and TP lines directly on the chart. Both update in sync, so you can see the impact of every adjustment before saving.

Step 1: Find your position in the Open Positions table

Go to Trading in the left sidebar. Below the chart, the Open Positions tab shows all your live trades. Each row displays the instrument, direction, size, entry price, current price, stop loss, take profit, live P&L, and time opened.

Step 2: Click the pencil icon to open the Edit panel

On the right side of the position row, click the pencil icon (the first of the three action icons). Two things happen:

The Edit panel opens on the right side of the screen, showing your entry price, lot size, stop loss, take profit, and a Set Breakeven button
Your SL and TP lines appear on the chart as draggable lines, with their labels showing the current dollar risk and reward

Step 3: Adjust your stop loss or take profit

You have two ways to make changes — use whichever feels more natural for the adjustment you are making:

Option A: Drag the lines on the chart

Grab the SL or TP line on the chart and drag it to your new level. As you drag:

The line label updates in real time to show the new dollar amount and, for the TP, the new R multiple
The corresponding field in the Edit panel updates to match
The Save Changes button activates, turning purple to confirm there is an unsaved change

Option B: Type values in the Edit panel

In the Edit panel, click into the Stop Loss or Take Profit field and type a new price. You can also use the + and - buttons to step the value up or down. The chart line moves to match as you update the field.

Note: Entry Price and Lot Size are shown in the Edit panel but cannot be changed after a position is open. To change your position size, close the trade and re-enter.

Live P&L on the chart while editing

While the Edit panel is open, the entry line on the chart shows your current live P&L - for example, -$11.00 or +$2.20 - updating tick by tick. This means you can see how the trade is performing while you decide where to move your levels, without needing to look away from the chart.

Step 4: Save your changes

When you are done adjusting, click Save Changes in the Edit panel. The button is purple when there are unsaved changes and greyed out when there are none. Click Cancel to close the panel without applying any changes - the lines will return to their original positions.

Tip: You can also click Set Breakeven from within the Edit panel to move your stop loss or take profit to your entry price. See How to set breakeven on a trade for details.

FAQ

Can I change my position size after a trade is open?

No. Lot size is fixed once a position is open. The Edit panel shows your current lot size but does not allow you to change it. To adjust position size, close the trade and place a new one with the size you want.

What happens if I drag a line but do not click Save Changes?

Clicking Cancel or closing the Edit panel without saving discards any unsaved adjustments. Your SL and TP lines return to their original positions on the chart.

Can I remove my stop loss or take profit completely?

To remove a level, clear the value from the Stop Loss or Take Profit field in the Edit panel, then click Save Changes. The corresponding line will disappear from the chart.

Do changes apply immediately when I click Save Changes?

Yes. Once you click Save Changes, EdgeFlo sends the updated levels to your broker immediately. The open positions table and chart both update to reflect the new levels.

What are the other icons in the Actions column?

The three action icons on each position row are: pencil (Edit), two-line equals (Set Breakeven), and × (Close position). Set Breakeven moves your stop loss or take profit to your entry price in one click. Close position exits the trade at the current market price immediately.