Order Closure Scripts for MT4/MT5
Info
The Order Closure Scripts for MT4/MT5 is a Script for MetaTrader 4 that a comprehensive suite of scripts designed to efficiently close various types of orders in metatrader 4 and metatrader 5 platforms. The collection includes the following scripts:- closeall_comment: Closes all orders based on a specified comment.
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 Closure Scripts for MT4/MT5
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 comprehensive suite of scripts designed to efficiently close various types of orders in MetaTrader 4 and MetaTrader 5 platforms.
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 comprehensive suite of scripts designed to efficiently close various types of orders in MetaTrader 4 and MetaTrader 5 platforms.Also recommended: script to close all orders - similar script with strong performance on MetaTrader 4.
The collection includes the following scripts:
- closeall_comment: Closes all orders based on a specified comment.
- closeall_loss: Closes all orders exceeding a defined loss threshold.
- closeall_profit: Closes all orders exceeding a defined profit threshold.
- closeall_magic: Closes all orders associated with a specific magic number.
- closeall_market: Closes all open market orders.
- closeall_pending: Closes all pending orders.
- closeall_complete: Integrates all features from the other scripts with an added option to close orders for a specific symbol.
Ignored Parameters
When a parameter is ignored, the condition associated with it is automatically considered true, effectively excluding it from the filtering process.
String type parameters (order comment and order symbol) are ignored if their value is null or an empty string.
Real type parameters (profit, loss, and magic) are ignored if their value is -1.
Using Exact Match
To enforce an exact match for criteria, set the 'exact' parameter to true. When exact matching is enabled, the script adheres to the ignored parameters.
When 'exact' is set to false, the script will close an order if at least one criterion is met. In this mode, ensure that no parameters are ignored. If any parameters are ignored with 'exact' set to false, all orders will be closed as all criteria will evaluate to true.
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 version "1.00"
#property strict
#property show_inputs
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#include <order_exit.mqh>
input bool order_exact=true; //exact match
input string order_symbol=null; // order symbol.......
⚠ 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.