Introduction to MQL5

Understanding the orderclose MQL4 Syntax for Forex Trading

5 min read

The OrderClose function allows traders to close market and pending orders in the MetaTrader 4 (MT4) trading platform. It’s a tool that can be used to close current open positions, by setting an amount of an asset to sell or buy for a specific price and the function will automatically close the order in the MT4 system. To maximize the benefit of Order Close, traders need to know the correct parameters and the right order type. OrderClose can be one of the most useful tools for traders wanting to close out a position quickly and efficiently.