Hey, I usually place my trades on my phone but conduct anaylsis on my laptop. However, i’d like to know what is the best way to keep an eye on open positions without having my eyes glued to the mt4 app especially while i’m on the go. Just finding it difficult to monitor my trades so that i know when to act i.e take partials or close losing trades?
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This is where your strategy comes into play. You should have a plan before you place the trade as to where you expect it to go, where to put your TP, and your SL in case the trade goes against you. As long as you follow and trust your plan you should not have to be glued to the screen and your trade will run its course.
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Ahh ok does timeframe on the chart factor this in? For example if i’m placing a trade based on analysis on the 4hr chart i should be expecting the trade to reach where i want within 4 hours, crudely put?
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Time frames don’t work like that. A 4hr time frame, or chart simply means that each bar represents a 4hr period. Same with 5 min, 15 min, 1 hr, 1 day, 1 week, 1 month…each bar on that chart represents that particular chunk of time.
Trades can run from 2 minutes to 2 months or more depending on your strategy. No trade is guaranteed to run for a certain amount of time unless your strategy requires that you put a time limit on it.
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No need to keep an eye on the market. It will help with your trading psychology. It will be less stressful if you turn your computer and phone off and have some fun. Then maybe a few hours (or maybe even days) later (depending on the timeframe you trade) check to see how much cash you have made and if needed manually adjust your stop loss to trail the market. A trade may take as quick as 1 time period or even as long as 20 or more time periods.
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Let’s say you’re trading in 4 hr time frame then you only need to check on your charts every four hours, at most. There are only 6 four hours candles each day so checking more frequently than every 4 hours does not make sense. Just check your charts for 10 mins every four hours and that’s it
Needing to keep an eye on a position suggests there is no plan. Entering a trade without a plan for how to get out, how to control risk, how to maximise profit is a strange way to carry on a business.
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I’m a rookie like you, bro.
As you learn, you develop your strategie.
Once you set your stops and target profits, you just walk away.
It’s difficult, but you can learn to do it.
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i would set alarms for my orders, sl and tp included. Trust your strategy bro, you don’t have to keep looking at the price.
You can try automated trading and don’t have to stick to your phone/desktop. Bots will put trades when you are occupied somewhere else.
If you have TPs, SLs in place, it shouldn’t require so much staring at the charts. Of course that is a lot easier said than done. 
Ideally you’re trading longer TFs so you only check every end of the day or every start of the day. 