Order and Pending Order Management Tool
Info
The Order and Pending Order Management Tool is a Script for MetaTrader 4 that a script designed to close existing trade orders and/or delete pending orders. This tool offers versatile control over order closure and deletion based on several criteria.
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 Order and Pending Order Management Tool
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 script designed to close existing trade orders and/or delete pending 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: order information indicator - another powerful script for MetaTrader 4 traders.
A script designed to close existing trade orders and/or delete pending orders.This tool offers versatile control over order closure and deletion based on several criteria.
Also recommended: script to close all orders - similar script with strong performance on MetaTrader 4.
Functionality includes:
- Closing orders based on magic number (all or a specific one).
- Targeting orders by symbol (all symbols or only the current symbol).
- Filtering orders for closure based on profitability (only profitable or only unprofitable orders).
- Deleting pending orders.
Additionally, the script provides configurable parameters for managing the order closing process:
- Number of closing attempts.
- Pause duration between closing attempts.
- Permissible slippage.
This utility aims to streamline order management operations within the MetaTrader platform for enhanced efficiency and control.
Last updated: 2026
You may also like: automated market order execution script - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_inputs
#property strict
#property version "2.1"
extern string ma = "main";
extern int magic = -1;
extern bool all_symbols=true;
extern string emp1= "//////////////////////////////////////////";
extern string t_o = "type of order";.......
⚠ 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.