Forex Script Close All Orders

Orders direction is a fundamental task when working with trading tools and adept advisors. In some cases, especially when at that place is a trigger from some risk management dominion, you might want to close all open orders. Here, we will see the MQL4 lawmaking for doing that and yous tin can also download a free Shut All Orders script for MT4 — a script that can shut all open orders automatically.

MQL4 Shut All Orders

When coding an expert advisor, nosotros should all implement condom measures to protect us from big losses. Risk direction is a fundamental pillar of an EA. It is necessary to fix rules, so that your EA tin shut all orders if some condition is met.

Some examples that could trigger the closure of all orders can be:

• A group of orders hit the accept-profit.
• The cumulative loss of open orders causes the equity or the margin to go under a specific threshold.
• In that location is a scheduled report coming out that could heavily bear upon prices.
• An unexpected event is causing sudden changes in substitution rates.

These are only some situations that can push y'all to close all open orders immediately. You reach that with a rather simple slice of MQL4 code.

Yous have probably already read our guide on OrderClose role, which tin can close an individual order. Below we want to show you how to use information technology to close all orders with a custom part.

The following MQL4 Close All Orders part can close all the open up orders in the same run.

            void            CloseOrders(            )            {// Update the exchange rates earlier endmost the orders.RefreshRates            (            )            ;// Log in the concluding the full of orders, current and past.Print            (            OrdersTotal            (            )            )            ;// Offset a loop to scan all the orders.// The loop starts from the last society, proceeding backwards; Otherwise it would skip some orders.for            (            int            i            =            (            OrdersTotal            (            )            -            one            )            ;            i            >=            0            ;            i--            ){            // If the gild cannot exist selected, throw and log an mistake.            if            (            OrderSelect            (i,            SELECT_BY_POS            ,            MODE_TRADES            )            ==            imitation            )            {Print            (            "ERROR - Unable to select the order - "            ,            GetLastError            (            )            )            ;break            ;            }            // Create the required variables.            // Result variable - to cheque if the operation is successful or not.            bool            res            =            false            ;            // Allowed Slippage - the difference between current cost and close toll.            int            Slippage            =            0            ;            // Bid and Ask prices for the instrument of the order.            double            BidPrice            =            MarketInfo            (            OrderSymbol            (            )            ,            MODE_BID            )            ;            double            AskPrice            =            MarketInfo            (            OrderSymbol            (            )            ,            MODE_ASK            )            ;            // Closing the order using the right toll depending on the type of club.            if            (            OrderType            (            )            ==            OP_BUY            )            {            res            =            OrderClose            (            OrderTicket            (            )            ,            OrderLots            (            )            ,            BidPrice,            Slippage)            ;            }            else            if            (            OrderType            (            )            ==            OP_SELL            )            {            res            =            OrderClose            (            OrderTicket            (            )            ,            OrderLots            (            )            ,            AskPrice,            Slippage)            ;            }            // If there was an fault, log information technology.            if            (res            ==            false            )            Impress            (            "ERROR - Unable to close the order - "            ,            OrderTicket            (            )            ,            " - "            ,            GetLastError            (            )            )            ;}            }          

MQL4 Shut All Orders Function Logic

The logic of the function is the following:

1. Update the prices.
2. Using a loop, scan all the orders.
3. If the guild is open, and then get the details.
4. Shut the order using the correct toll.
5. Check if the operation was successful for each order and, in case information technology wasn't, render an mistake.

Possible Improvements

The function is not very complex and it can exist improved with additional filters. For example, you might want to utilise some of the following filters:

• Close only orders in profit.
• Close only orders in loss.
• Shut only orders for a specific pair.
• Close just orders with a specific magic number.
• Other filters.

The above function is used many of our expert advisors.

Close All Orders Script

If y'all desire to close all orders in MT4, you need to do it manually, unless you use an external tool.

Unfortunately, MT4 does not allow selecting all open orders and endmost them all at once.

But there is a solution! You can either lawmaking your own script using the office higher up as a template or you lot tin use a fix-made tool.

The script provided beneath can be copied to your MT4 platform and will let you lot to close all orders with just a couple of clicks.

Download MT4 Shut All Orders Script

➥ Download Close All Orders

MT4 Shut All Orders Script Installation

To install the script, please follow the instructions below:

1. Download the script archive file.
2. Open the MetaTrader 4 data folder (via File→Open Information Folder).
3. Open up the MQL4 Folder.
4. Copy all the folders from the archive directly to the MQL4 folder.
5. Restart MetaTrader iv or refresh the list of scripts by correct-clicking the Navigator subwindow of the platform and choosing Refresh.

You can also read a more detailed instruction on how to perform the installation.

Make sure you enable Let alive trading in the Common tab when executing this script and also in the platform'southward menu Tools→Options→Proficient Advisors. Otherwise, it won't be able to close any orders.

Conclusion

The code provided above explains how an ordering endmost script works using a basic case. Our free Close All Orders script for MT4 provides a set-made tool for filtered termination of open orders as well as a more than avant-garde example of MQL4 source code for studying, modification, upgrade, and apply in other programs. With it, you can hands create your own script to close orders in MetaTrader using custom conditions and filters.

Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, tin make you lose your money. Never merchandise with the coin that you cannot afford to lose! Trading with leverage can wipe your account fifty-fifty faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of hazard thus may not be appropriate for all investors.

Source: https://www.earnforex.com/metatrader-scripts/close-all-orders/

Posted by: martingotim1981.blogspot.com

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