Close All Script
Close All Script for MT4 is a trading tool that automatically triggers the close of all open trades (both pending and executed orders) on the chart.
Description
Close All Script for MetaTrader is a trading tool that automatically triggers the close of all open orders (both pending or executed orders) on the chart with just a mouse click. It is a must-have tool for scalpers to efficiently manage trades with multiple positions. It can also be beneficial to day and swing traders in closing multiple trades in the event of unfavorable market conditions.
Can you close all trades at once in MT4?
The MT4 platform does not have an in-built function that supports the close of all trades at once. However, you can still carry out this operation with a custom tool like the Close All Script for M4.
The script is one of the most important forex trading tools you would need to keep in handy on your trading dashboard. This is because it helps you to quickly arrest a trading condition that could potentially lead to a loss of trading funds. Imagine what could happen to your trading account if you try to manually close multiple open positions (15 orders, for instance) when the price spikes negatively against your direction.
How to Use the Close All Script For MT4
The above image shows a EURUSD chart with multiple opened positions. To automatically close all these running trades, for instance, you simply open the script from the “script” folder and hit the “OK” button.
Note that the script can only be activated when the ‘auto trading’ on your MT4 dashboard is turned on. So, in essence, ensure the ‘auto trading’ function turns green before you execute the script.
The above image shows that all the opened trade positions have been successfully closed. However, this action leaves some objects on the chart which can be deleted after holding down the CTRL+B key.
Conclusion
The Close All Script for MT4 is simply a trading tool that automatically triggers the close of all open trades on the chart. What’s more, it is free to download.