Close Multiple Orders
Info
The Close Multiple Orders is a Script for MetaTrader 4 that a simple script to close multiple market orders. Input Parameters:- Clossall: If set to true, all orders (buy, sell, and pending orders) are closed.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Close Multiple Orders
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
A simple script to close multiple market orders.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: Closed Trades Exporter: MAE & MFE Analysis for MT4 - another powerful script for MetaTrader 4 traders.
A simple script to close multiple market orders.Also recommended: script to close all orders - similar script with strong performance on MetaTrader 4.
Input Parameters:
- Clossall: If set to true, all orders (buy, sell, and pending orders) are closed. This parameter takes precedence over all others.
- Closebuyoders: Closes only buy orders. If 'closeonlyprofit' is set to true, it closes only buy positions in profit.
- Closesellorders: Closes only sell orders. If 'closeonlyprofit' is set to true, it closes only sell positions in profit.
- Closebuylimits: Deletes all buylimit pending orders if set to true.
- Closeselllimit: Deletes all selllimit pending orders if set to true.
- Closeonlyprofit: Closes only trades in profit. If 'closeall' is set to true, this parameter is ignored, and all trades are closed.
- Slippage: The minimum allowed slippage. Leave the current settings if unsure about the slippage to apply.
Please ensure automated trading is enabled in your terminal for the script to function.
You may also like: close loss positions by deposit currency amount - excellent alternative for script users on MetaTrader 4.
Source Code
/*
a simple script to close multiple market orders.
parameters:
*clossall -> if this parameter is set to true, all orders (buy, sell, pending orders) are close. this parameter supercedes every other.
*closebuyoders -> closes only buy orders. if 'closeonlyprofit is set to true it closes only buy positions in profit.
*closesellorders -> closes only sell orders. if 'closeonlyprofit' is set to true it closes only sell positions in profit.
*closebuylimits -> delete all buylimit pending orders if set to true.
*closeselllimit -> delete all selllimit pending orders if set to true.
*closeonlyprofit -> will close only trades in profit. if 'closeall' is set to true, this parameter will be ignored and all trades will be closed
*slippage -> the minimum allow slippage. leave current settings intact if unsure of slippage to apply........
⚠ 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.