MMD Close Losing

The free MMD Close Losing Script for MT4/MT5 lets traders take decisive action to cut losses. With one drag-and-drop action, it instantly closes all losing positions for the specific symbol on the active chart. A zero-configuration tool to enforce risk management rules without hesitation.

Product information

MMD Close Losing

MMD Close Losing Script

Instantly Close All Losing Positions on the Current Chart with a Single Drag-and-Drop Action!

FREE Script for MT4 & MT5 Users: Download MMD Close Losing from the "Tools" section on our website. Place it in your Scripts folder and drag it onto a chart to use it instantly!

The MMD Close Losing Script is a simple, free, yet powerful utility designed for one specific purpose: to close all currently losing positions for the symbol on the active chart. In fast-moving markets or when managing multiple trades, this script allows you to take decisive action to cut your losses across all relevant positions with a single, immediate action.

No more manually closing each trade one by one. This script is built for speed and efficiency, helping you to enforce risk management rules without hesitation.

How to Use

  1. Download the script file from the "Tools" section on our website.
  2. In your MetaTrader terminal, go to File > Open Data Folder.
  3. Place the downloaded script file into the MQL5/Scripts (for MT5) or MQL4/Scripts (for MT4) folder.
  4. Refresh your "Navigator" window in MetaTrader, or restart the terminal. The script will appear under the "Scripts" section.
  5. To execute, simply drag the "MMD Close Losing" script from the Navigator and drop it onto the chart of the symbol whose losing positions you wish to close.

The script will run once, close all applicable losing positions for that symbol, and then remove itself from the chart. The action is instantaneous.

Key Features & Benefits

  • Instantaneous Action: Immediately closes all losing trades upon execution, helping you manage risk decisively.
  • Chart-Specific Focus: The script is context-aware and will only close losing positions for the specific symbol of the chart it is dropped on. Your positions on other symbols will not be affected.
  • Zero Configuration: No input parameters to set. This tool is designed for pure speed and simplicity – just drag, drop, and you're done.
  • Accurate Profit Calculation: Considers not just the price movement but also commission and swap costs (`Profit + Commission + Swap < 0`) to accurately determine if a trade is currently at a loss.
  • Simple Drag-and-Drop Execution: The easiest and fastest way to run a task in MetaTrader.
  • Completely Free: A crucial risk management tool available at no cost to all registered users.

Use with Caution: This script performs live trading operations (closing positions). The action is immediate and irreversible. It is highly recommended to test it on a demo account first to fully understand its behavior.

No DLL Required: This script is self-contained and does not require the installation of any external DLL files.

If you have any questions related to this product or need assistance, write to the email address: support@magiconcharts.com.

We will be happy to answer your questions promptly.