Close All Positions and Pending Orders
Info
The Close All Positions and Pending Orders is a Script for MetaTrader 5 that this script closes all open positions with one click and can also delete pending orders. Useful when you need to exit the market fast, for example before news or at the end of the day.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Close All Positions and Pending 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
This script closes all open positions with one click and can also delete pending orders.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: Trade Environment Check: Account Mode, Symbol Rules, and Open Positions Report - another powerful script for MetaTrader 5 traders.
Also recommended: Closed Trades Exporter: MAE & MFE Analysis - similar script with strong performance on MetaTrader 5.
This script closes all open positions with one click and can also delete pending orders. Useful when you need to exit the market fast, for example before news or at the end of the day.
Input parameters:
- Which positions to close: all symbols or only the current chart symbol
- Magic number filter: close only trades with a specific magic number (-1 = any)
- Also delete pending orders: true/false
- Ask for confirmation: shows a Yes/No question before closing
- Max slippage (points): maximum allowed slippage when closing
Works on both hedging and netting accounts. A summary is printed in the Experts tab. Always test on a demo account first.
You may also like: Accurate Gold Trading: Identifying Broker Symbols and Sizing Positions - excellent alternative for script users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property script_show_inputs
#include <Trade\Trade.mqh>
enum ENUM_CLOSE_SCOPE
{
SCOPE_ALL_SYMBOLS = 0,
SCOPE_CURRENT_SYMBOL = 1.......
⚠ 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.