In this article you will learn more about the Close All Trades Script for Metatrader that makes it easy to close all positions and orders with one button click.
Download Close All Trades For MT4 and MT5
You can download Close All Trades for MT4 and MT5 for FREE from the following pages.
Please note that Close All Trades for the Metatrader Platform and you will need to have the platform already installed to use it.
The utilities are available for Free Download, links below.
The tool is easy to use and allows to do everything through drag and drop on chart.
Quick Execution
Simple Interface
Filtering System for better selection
Magic and Comment filtering
Robust Logic
Error Handling
Quick Execution
Simple Interface
Filtering System for better selection
Magic and Comment filtering
Robust Logic
Error Handling
You can download the following indicators from the respective pages in the links below:
Why Multiple Positions?
Metatrader is one of the most popular trading platform for retail traders.
It is very common for traders to handle several orders and positions at once.
Just to clarify the terminology, let’s define a Positions and an Order.
Position VS Order
An order, the short form of “Pending Order”, is an operation to buy (long) or sell (short) that hasn’t been executed yet.
A pending order is waiting for the price to hit the level selected by the traded to trigger the action of buying or selling.
A Position, or also called an open order, is a running trade that is currently open and executed, and it is subject to a profit or loss with the fluctuation of price.
Handling Multiple Orders
As mentioned, it is quite common for a trader to be handling multiple orders or multiple positions.
Depending on the trader experience and strategies used there may be a few or several positions running at the same time.
Also, some strategies use layered pending orders to scale in and out of positions at different price levels.
Close All Positions And Delete All Orders
There are cases where it may be necessary to exit from all positions at once.
The same can happen with orders, where you would want to delete all of the pending orders quickly.
MT4 and MT5 do not have a feature to close all of the trades and positions and orders at once.
In this case you would need to proceed closing all of the positions individually and delete all of the orders one-by-one.
What Is Close All Trades For MT4 And MT5 Used For?
Close All Trades is an Expert Advisor, or a fancy script, for MT4 and MT5 that makes the task of closing multiple positions quick.
You can load the tool on the chart and apply different filters to close multiple positions with the click of a button.
You can also delete several pending orders at once in the same way.
The Close All Trades Expert can:
- Delete all pending orders
- Close all positions
- Close all trades
- Filter by different parameters to target specific orders and positions
One of the main benefits of the Close All Trades Utility is the ability to filter the positions and orders being closed.
Close All Positions Or Only The Symbol On Chart
You can select if applying the “Close All” to all the symbols/charts, or only close positions and delete orders related to the symbol (asset) of the chart where the tool is loaded.
Close Open Or Pending Orders
A very useful filter is the one to select if closing open positions or pending orders.
You can select to close all, open only, or pending only.
Close Only Long Or Short
Long or Short? You can decide to have the tool process the close of long only, short only or orders in both directions.
Close Positions In Profit Or In Loss
Another useful filter is around the profit.
You can filter and close order in profit, in loss, or both.
Close By Magic Number
One of the most important filters is the one for the Magic Number.
Magic Number is used by trading robots to identify and manage their trades.
With this filter you can be selective and close only positions and orders with a specific Magic Number.
Summary
In this article you learned more about handling several positions and orders at once.
We shared the Close All Trades for MT4 and MT5 and provided download links
Close All Trades FAQ
Why multiple positions?
Traders of different level usually handle multiple positions and orders at the same time.
Managing multiple orders and trades is very common and the quantity may depend on the strategies used.
When to close multiple trades?
Closing multiple positions at once may be necessary in some cases like high volatility, events and so on.
The same way, sometimes it is useful to delete several pending orders at once.
How to close multiple positions at once?
In metatrader you can close multiple positions and delete orders one-by-one.
Handling this task one at a time can be time consuming and external tools like Close All Trades for MT4 and MT5 may be useful.
Close All Trades For MT4 and MT5
Close All Trades for MT4 and MT5 is an expert advisor, or an advanced script, to close multiple positions and delete multiple orders at once.
You can set custom filters to select which positions and orders to close.
The script will scan through the trades and only close the positions and orders matching the selected criteria.
Quick Execution
Simple Interface
Filtering System for better selection
Magic and Comment filtering
Robust Logic
Error Handling
Quick Execution
Simple Interface
Filtering System for better selection
Magic and Comment filtering
Robust Logic
Error Handling
If you wish to provide feedback or for any help please Contact Us.
God bless you
For this EA
WOW
Thank you soo much for this, its funny how meta trader doesn’t have a simple close all trades function! I wonder what their developers be doing, the platform has been the same for ages.