Closing All Open Orders Script
The Closing All Open Orders Script for MetaTrader is an incredible trading tool that selectively closes all the running trades and ignores the pending orders.
Description
The Closing All Open Orders Script for MetaTrader is an incredible trading tool that selectively closes all the running trades and ignores the pending orders. It was programmed to strictly recognize and close only the open/running trades; therefore, it does not affect pending orders (BUY limit/stop and SELL limits/stop).
This script is exceptional and the mode of its operation makes it even more trade-friendly than its counterpart scripts. Other similar scripts would close all the open charts on your MT4, regardless if it is a pending order or a running trade.
The script makes more sense because it was designed to arrest what causes panic in the closing of multiple trade positions. Remember that panic closing of multiple trades is triggered by the fear of losing a substantial trading fund/profit in an unprecedentedly bad market condition.
So, in essence, you can conveniently use the Closing All Open Orders script to automatically close any running trade without worrying about losing your pending orders.
How to Use The Closing All Open Orders Script For MT4
The above image shows a EURUSD chart with pending orders (Buy Stop) and multiple running trades. Now, to close all the running trades at once, you’ll need to apply the Closing All Open Orders script to your chart. This would close only the running trades, while the pending order wouldn’t be affected.
To do this, simply locate the script in the “scripts” folder and drag it directly to your chart. It would automatically close all the open positions. The script is semi-automated, so no further action is required from you. Just drag and drop it on your chart.
The above image shows that all the opened positions have been automatically closed by the script except for the pending orders.
Note that the ‘Auto Trading’ feature has to be enabled on your trading dashboard for the script to function. So, make sure it turns green before you run the script.
Conclusion
The Closing All Open Orders script for MT4 is the best tool to keep handy to manage your trades. Besides, it is semi-automated, so you just need to drag and drop it on your chart. Finally, it is free to download.