A Must-Have Tool For Effective Forex Trading

CloseAll EA Review

In the world of Forex trading, managing transactions in a volatile market can be a challenge. Traders often seek tools to help them maneuver through the market more effectively, especially during high volatility periods and significant news events. Enter the Closing All Orders Expert Advisor, commonly known as CloseAll EA.

CloseAll EA is a modern and comprehensive tool tailored for those who need instant solutions to close various types of trades. Often compared to a “swiss-army kit,” it provides traders with multiple functionalities suitable for different scenarios.

Best Brokers List

CloseAll EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

Main Features

1. Close All Transactions: Simplifying the trading process, CloseAll ensures that users can instantly close all ongoing trades with just one click.
2. Selective Closing Options: Depending on the trader’s strategy, they can choose to close only buy or sell transactions or can close transactions based on a specific chart pair.
3. Advanced Control Over Trades: CloseAll is not just about closing transactions. Users can also delete or modify all Take Profit (TP) and Stop Loss (SL) levels, providing more flexibility to their trading plan.
4. Manage Pending Orders: It also gives users the ability to clear all pending orders, ensuring that no unwanted trades get executed.
5. Robot and EA Control: An essential feature for those who use trading robots or Expert Advisors (EAs). With CloseAll, they can simultaneously close all trades and disable the auto-trading function, ensuring that the EAs don’t open new trades until reactivated.

How to Use CloseAll EA

• Kill: A quick action button that halts all transactions and deactivates the auto trading function.
• SL and TP Controls: Set the Stop Loss (SL) or Take Profit (TP) level for all trades. The level corresponds to the number displayed next to the respective button. The adjacent “x” button allows clearing of all set levels.
• CloseAll Button: A straightforward option to close all transactions instantly.
• Close PO: Useful for clearing all pending orders, ensuring no unwanted trades take place.
• Close Pair: An excellent tool for pair traders. It allows the user to close transactions for only the pair that matches the chart to which CloseAll EA is attached.
• Close Buy/Sell: For more specific actions, users can close only buy or sell positions of the pair that aligns with the chart where CloseAll EA is active.

In Conclusion

CloseAll EA is a quintessential tool for every Forex trader. Its multi-functionality, combined with user-friendliness, makes it a reliable companion in the complex realm of Forex trading. Whether you are a newbie or a seasoned trader, having CloseAll in your arsenal ensures you’re always a step ahead in managing your trades.

Download Ftmo CloseAll EA

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.

Disclaimer: Forex trading involves substantial risks, including the potential for loss of capital. Always consult with a professional financial advisor and undertake thorough research before making any trading decisions