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Closing MetaTrader Positions by Side, Magic Number, and Instrument

Article MQL5 code base
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Summary

This MetaTrader 4 script is a position-management utility for closing open trades. It can target long positions, short positions, positions associated with a specified magic number, or positions in a chosen market instrument. The settings can also be combined, allowing the user to narrow which positions the script closes. The described workflow is to attach the script to a chart and configure its inputs.

The document explains the available selection criteria but gives no code details, examples, test results, or explanation of how the script handles execution errors or partial fills. It is therefore useful as a description of a practical trade-management tool, rather than as a strategy or quantitative method. Users would need to consult the actual script and its settings to verify the exact behavior of options such as including or skipping positions with a specified magic number.

Key ideas

  • The script can close open MetaTrader 4 positions according to configured criteria.
  • Position side can be used to select long or short trades.
  • A specified magic number or market instrument can further filter the positions targeted.
  • The selection criteria can be combined before running the script.

Tags

ExecutionRisk management

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.