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There might be various reasons why closing your open order in MT4 or MT5 platform is not possible. Some potential factors to consider include: 

Closing Open Orders during Market Closure: If attempting to close an open order during weekends or a trading instrument's daily break, it may fail until the market reopens

Resolve this by waiting for the market to reopen for the specific trading instrument and then attempting to close the order.

 Visual Glitches and/or Connectivity Problems: The presence of visual bugs or connectivity issues might falsely convey that an open order is not closing. 

Address this by completely closing your trading terminal and reopening it to verify the status of the order. 

Technical errors: Technical errors can indeed be one of the reasons why a client might face difficulty in closing an open order 

 If the problem persists, it's recommended to reach out to the Trading Pro Support team for assistance.  

1.  A take-profit order, a form of limit order, allows you to specify a precise price at which your trading provider will close your open position, securing a profit for you.
2. Traders utilize a stop-loss order to curtail losses or secure the remaining profit on an existing position. This order is a crucial tool in effectively managing the risk associated with a trade.
3. For short-term traders, take-profit orders prove valuable as they enable the management of risk by exiting a trade immediately upon reaching the planned profit target. This strategy helps them avoid potential downturns in the market.
4. Stop-loss orders provide a straightforward and intelligent approach to mitigating the risk of loss in a trade. Additionally, they serve the dual purpose of securing profits.
5. Determining the optimal prices for both take-profit and stop-loss orders typically involves a blend of technical and fundamental analysis, reflecting a comprehensive approach to the trading strategy.

Determining the optimal price levels for both your take-profit and stop-loss orders involves considering a wide range of factors, and these factors naturally vary from one trade to another. They encompass elements such as your individual risk tolerance, the security's volatility, and your short-term and long-term investment objectives.

Traders often employ technical analysis tools, including support and resistance levels, to pinpoint suitable prices for entry, take-profit, and stop-loss points. Some assets warrant scrutiny to discern whether retracements are frequent, necessitating a more proactive stop-loss and re-entry strategy.

In essence, take-profit and stop-loss orders are widely used, straightforward, and effective instruments that provide benefits to traders aiming to secure profits while minimizing potential losses. They are viewed as safeguards in trading. In adverse scenarios, a stop-loss can avert significant losses in unforeseen circumstances, while a take-profit order shields a trader from a downturn that has already reached their price target.

Nevertheless, it's crucial to recognize that take-profit and stop-loss orders may not be suitable for every situation. For instance, employing them may not be advisable for very long-term investments or when dealing with extremely volatile instruments.

It's important to note that trading with CFDs involves leverage, which can result in faster-than-expected losses. Additionally, relying solely on past performance as an indicator for future returns through technical analysis may not always be reliable, so it's essential to factor in your risk tolerance. 

1. Explore the market you're interested in.
2. Determine your trade based on technical and fundamental analysis.
3. Create a trading account or practice on a free demo account.
4. Choose your trading opportunity.
5. Determine your position size and handle risk by selecting your price level, stop level, and take-profit level.
6. Execute your trade.

Employing both trading strategies concurrently offers numerous benefits. The primary advantage lies in the ability of these orders to collectively constrain the overall risk associated with executing a trade. Nonetheless, similar to any trading strategies, there are certain drawbacks to consider;

Advantages of take-profit orders
Disadvantages of take-profit orders
Advantages of stop-loss orders
Disadvantages of stop-loss orders

Advantages of take-profit orders

1. Traders can avoid constant monitoring of their trades throughout the day and eliminate the need for second-guessing regarding the potential highs or lows of an asset. This approach helps in maintaining a trade devoid of emotional influence.
2. Short-term traders have the ability to control their risk by exiting a trade as soon as their pre-determined profit target is achieved. This eliminates the necessity to expose themselves to the potential downturn.
3. Levels for take-profit orders can be established based on technical analysis tools, such as chart patterns or money management systems, providing a foundation for their placement.
4. The automated nature of take-profit orders simplifies the process of risk management, making it more convenient for traders.

Disadvantages of take-profit orders

1. Regardless of the asset's movements, take-profit orders are executed at the predetermined price. Even if the asset experiences a breakout to the upside, the order will still be executed, incurring opportunity costs.
2. While implementing take-profit orders may lower the risk for long-term investors, it also diminishes the potential for maximizing profits.
3. Although automating trades serves as a valuable risk management tool, it can potentially lead traders to become complacent, so it's easier to make mistakes

Advantages of stop-loss orders

1. Utilizing stop-loss orders provides a straightforward and intelligent approach to mitigating the risk of losses in a trade while simultaneously assisting in securing profits.
2. Stop-losses can be seamlessly incorporated into the strategy of any investor, as they are user-friendly and simple to set up.
3. Stop-loss orders introduce discipline into short-term trading by mitigating emotional influences that frequently result in transforming a profitable position into a loss.
4. The implementation of stop-loss orders eliminates the necessity for constant monitoring of investments, proving particularly advantageous during prolonged periods of absence.

Disadvantages of stop-loss orders

1. If an asset suddenly jumps above or below the stop price, the order is triggered. This results in selling the asset at the next available price, even if it's trading far from the stop-loss level. For instance, setting a 5% stop-loss order for an asset with a typical daily fluctuation of 10% may not be a sensible strategy.
2. Traders may experience their positions being closed in a rapidly changing market that reverses quickly, but this can be avoided by using a trailing stop. A trailing stop adjusts its stop price based on the asset's movements and is set at a specific percentage/amount above or below the market price. Alternatively, a 'guaranteed stop' can be obtained by paying a premium, ensuring a fixed stop price.
3. Long-term investors need not worry about short-term market fluctuations in solid companies; instead, they can view downturns as opportunities to add to their positions.
4. Stop-losses don't solve all problems; making poor investment decisions can still result in losses, albeit at a slower rate. Every trade incurs commission, and these small losses can accumulate over time.
5. When you reach your stop price, your stop order becomes a market order. This means the selling price can differ from the stop price, especially in fast-moving markets. This is relevant even when holding a position overnight, as poor earnings results can cause the asset to open below your stop price.
6. There are instances where you can't place a stop order for certain assets, including highly volatile penny stocks.