Professional traders tend to open multiple trades. They use Stop Loss and Take Profit features for auto-closing of the trade when they are away from the screen. But there comes a painful situation when the market suddenly starts going against your prediction.
In this scenario, all or most of your open orders go on with loss. The expert here advises getting out of trade instead of letting it move in the loss. If you let all open orders go on with losing you’re likely to receive a margin call and your account will wash sooner.
Let’s know the possible ways to close all trades Mt4 manually or with one click.
There are two ways to close all open orders i.e, manual and running script through the one-click option. All you need to do is manually click the X button to close the open orders one by one. For the one-click option, download and run a script of Close All Open Order on Mt4
If you have more than 10 open orders, running scripts is a time-saving option. For less than 10 open orders, you can easily click the x button at the end of each open trade to get out of it.
What Does It Mean By Close All Trade Mt4
There are two possible meanings of closing all trades i.e, closing all open trades manually one by one, and a script of Close All Order that you need to run for simultaneous closing of all open positions.
Why do you need to close all trades?
When prices suddenly become volatile you need to close all open orders. It’s better to close all trades fastly instead of getting a margin call. When prices tend to move in the opposite direction as predicted it’s better to get out of the trade as soon as possible.
In Metatrader4 Close All Order is a one-click button that can help you to close all open trades with just one click.
How To Close All Trades Mt4 (Manually) On Window
It is super easy to close all trades from Mt4 just by clicking “X” at the end of each trade. For this, you will have to click the X button for each open order one by one. You can’t do it at once. When you click on X, the trade will close automatically.
Below is 4 steps description Of closing all trades manually.
Step-1 Open Mt4 Platform
Step-2 Click “x” at the end of every open order
Step-3 Do it fast if you are close to losing your whole amount
Step-4 Click x, click x, and Click x, trades will close one by one
Note: This way of closing all trades is recommended only for traders with 5 to 10 open orders. For a large number of open orders go to the second method given below
How To Close All Trades On Mt4 From Mobile
Suppose your three trades are ongoing on the mobile app of AUDNZD, USDJPY, and XAUUSD. All of them are at loss and you want to close them all from mobile or Android. What you will do, let’s follow the steps below:
Step-1 Go to trade as shown in the pic to see all of your open orders.
Step-3 After clicking on trade a screen like this will pop up showing you all of your open orders.
Click on first Open order
Step -4 After choosing the first trade, another screen like this will pop up. From here choose Close Order, the trade will close
Step-5 Repeat the same procedure with all other trades from your Android.
How To Close All Trades With One Click Metatrader 4
Sometimes it becomes difficult to know which trade is in profit and which is in loss if you are going to close all trades.
It is possible to close all trades with just one click button. First, open the Follow the steps below to close trades simultaneously:
Step-1 Open Terminal
Open a terminal and go to the navigator at the bottom of the terminal. If the terminal is not open, go to View and Open Terminal. It will open as a bottom window.
Step-2 Add Script
In order to add script search scrip at the lowermost end of the Navigator icon. Now click on the script and a small box with a few options will pop up. From here choose Online Library.
Step-3 Open The Code Base
When you click Online Library, it will open the CodeBase given at the lower bottom icons of the terminal as shown in the pic
Step-4 Find Close All Order Button From Script
When you click on Online Library Or Code Base, you will see different types of scripts running at the lower end of the window as shown in the pic. Scroll down these scripts to find out Close All Order Open Order Button. Click here all trades will start closing simultaneously.
Step-5 Download Close All Order Button
Now right-click the Close All Open Order button to get this window as shown in the pic. From this window choose the option Download. It will take a few minutes to download.
Step-6 Back To Script
Now go back to the script and click + icon near it.
Step-7 Keep Auto Trading Mode On Throughout This Process
This is probably the most important step you need to know. Keep Autotrading Mode On or Green throughout this process. Double-check, if it’s not Green, Go and set it From Tools>Options>Expert Advice
Step-8 Click On the Close All Open Orders ButtonFinally
When you click on the + sign close to the script, you will get a few icons including Close All Open Orders below it. Click here and all orders will be closed.
Different Scripts For All Close Order Button
When closing multiple trades, if you are worried about your profitable trades and want to keep them open then it is also possible.
There are many scripts available to close all orders in Mt4. To run the different scripts for closing trade repeat the same procedure given above. You can choose what suits your trade more.
Let’s see the types of scripts available with functions:
Script 1: Close Buy Trades
Script 2: Close Multiple Trades
Script 3: Close All Sell Trades
Script 4: Close All Pending Trades
Script 5: Close Order With Further Filtering
How do I add close all scripts to MT4?
In order to add all scripts to Mt4 click Download the script archive file. Next Open the MetaTrader 4 data folder through File> Open Data Folder. Now Open the MQL4 folder and start copying all the folders directly from the MQL4 folder.
How do you close all trades at once on mt5?
You can manually close each trade onMt5 by clicking the X button at the end of each open order. If you want to close with a single click find Close All Order> Download and run the script Keep the Autoplay mode on for all this process
Do forex trades close automatically?
No, you need to close each order manually unless you have Stop Loss. However, your broker may also start closing trades automatically if you’re close to the margin level. It is part of the broker”s trading condition and this process is called Stop Out.
To summarize, there are many options in Mt4 to close all trades manually and simultaneously. For manual closing, you need to click “X” on each trade one by one. For one-click closing of all trades at the same time, use the Close All Orders Script. Don’t forget to click Autoplay Trade mode if you want to run the script on your open orders.
It would be a really hard decision to get out of all trades at a time. But you need to make such decisions sometimes if you don’t want to wipe off your account.