CloseAll MT5

What is CloseAll MT5?

CloseAll MT5 is a utility designed for the MetaTrader 5 platform that allows traders to close all open orders with a single click. This tool is essential for traders who have multiple open positions and need to manage them efficiently to avoid potential losses due to market volatility.

Key Features

• External panel with two buttons: 'Close by Filter' and 'Close ALL'
• Interactive control via Telegram messenger
• Minimal set of parameters for easy setup
• Scheduled closing based on profit or loss thresholds
• Compatibility with both MT4 and MT5 platforms

Functionality

The utility provides two main functions:

• Close ALL: Closes all open orders as soon as a specified profit or loss value is reached.
• Close by Filter: Allows for scheduled closing by setting desired profit size or limiting loss.

Settings of 'Close ALL' Button

• Close (All pairs/Current): Select settings for orders of all symbols or only for the current chart pair.
• Close (ALL/LOSS): Choose whether to close all orders or only unprofitable ones.

Settings of 'Close by FILTER' Button

• Close (All pairs/Current): Select settings for orders of all symbols or only for the current chart pair.
• Close by Time: Activate the order closing schedule.
• Day to close: Set any day of the week for scheduled closing.
• Hour to close: Set the closing hour according to the broker's time.
• Minute to close: Set the closing minutes according to the broker's time.
• Equity Model (Currency/Percent): Choose to close orders when account equity reaches a certain size in currency or as a percentage of the deposit.

Telegram Options

• Telegram Bot Token: An individual token for interactive control via Telegram.

Why Use CloseAll MT5?

Using CloseAll MT5 can save your deposit in case of a sharp market change. The utility is especially useful for traders who manage multiple orders and need a quick way to close them to prevent additional losses. The minimal set of parameters makes it easy to set up and use for daily trading.

Real-World Examples

Several utilities similar to CloseAll MT5 exist, such as "Close All and Change Take Profit and Stop Loss All Orders" and "One Click Close MT5." These tools offer features like changing take profit and stop loss for all orders, showing order count, and displaying average price with info and horizontal lines. For instance, "Close All and Change Take Profit and Stop Loss All Orders" allows users to close all orders for a specific symbol, change take profit and stop loss for all orders, and even shows the price difference from the average to the current price. This utility is user-friendly and provides essential functionalities for effective order management.

User Reviews

Users have generally found these utilities to be highly effective in managing their trades. Some users have noted issues with freezing when using multiple charts, but these are often resolved with updates or by following specific installation instructions. Overall, the convenience and efficiency provided by these tools make them a valuable addition to any trader's toolkit. 🎯💼