Automated Order Closure Tool for MT4/MT5
Info
The Automated Order Closure Tool for MT4/MT5 is a Expert Advisor for MetaTrader 4 that this tool automates the closure of all pending and open orders. It is particularly useful when managing a large number of orders, such as dozens of pending and open positions.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Automated Order Closure Tool for MT4/MT5
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This tool automates the closure of all pending and open orders.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: e-news-lucky$ - automated news trading expert advisor - another powerful expert for MetaTrader 4 traders.
This tool automates the closure of all pending and open orders.Also recommended: e-moving in wl2: automated stop loss adjustment - similar expert with strong performance on MetaTrader 4.
It is particularly useful when managing a large number of orders, such as dozens of pending and open positions.
Configuration Options:
- closeopenlongorders: Set to true to close all open long orders.
- closeopenshortorders: Set to true to close all open short orders.
- closependinglongorders: Set to true to close all pending long orders.
- closependingshortorders: Set to true to close all pending short orders.
- justclosespecificmagicnumber: Set to 0 to close orders with any magic number. Set to a specific magic number value to close only orders with that magic number.
- closeallsymbols: Set to true to close orders across all symbols. Set to false to close orders only for the symbol the EA is applied to.
- justcloseorderswithintherange: Set to true to close orders only if their open prices fall within the specified closerangehigh and closerangelow values. Set to false to ignore this range. Set to true to enable this feature. Set to false to disable this feature.
You may also like: e-trailing: automated trailing stop for all positions - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern bool closeallsymbols = true; // if closeallsymbols = false, just close the symbol you are applying your ea; if closeallsymbols = true, it will close all symbol satisfying the upper condition.
extern bool closeopenlongorders = true; // if close open positions
extern bool closeopenshortorders = true; // if close open positions
extern bool closependinglongorders = true;
extern bool closependingshortorders = true;
extern string note1 = "if justclosespecificmagicnumber is 0, close all magicnumber orders;if justclosespecificmagicnumber is not 0, just close the specific magicnumber orders";
extern int justclosespecificmagicnumber = 0;
extern string note2 = "just close orders whose open prices are with this range";.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.