Closing Orders · 7 Buttons
The Position Close group on the Redhat Sword panel has 7 buttons for quickly closing orders and reversing positions · Designed so one button press manages your entire portfolio · Ideal when the market shifts direction suddenly or you need to lock in profits urgently before a session closes
Screenshots
Chapter Summary Video
Real MT5 screen recording · Not investment advice
TL;DR
- Close All · Closes all orders across all currency pairs instantly · No confirmation
- Close Buy / Close Sell · Closes only one side · Use when the trend reverses
- Close All Profit · Closes only profitable orders · Lock in profits while leaving losing trades to recover
- DelPendingAll · Deletes all pending orders · Use before major news
- Buy/Sell Reverse · Closes then immediately opens the opposite side · Use sparingly, watch for emotional trading
When to Use This Feature
Use Close All when major news surprises the market · Use Close Buy/Sell when the Trend Ribbon changes color · Use Close All Profit when you want to take partial profits · Use DelPendingAll before NFP/FOMC · Use Reverse when your analysis is clearly wrong
How to Use
| Button | Function | When to Use |
|---|---|---|
| Close All | Closes everything · all sides, all pairs | Emergency · reset portfolio |
| Close Buy | Closes only BUY orders | Trend Ribbon green → red |
| Close Sell | Closes only SELL orders | Trend Ribbon red → green |
| Close All Profit | Closes only positive (profitable) orders | Lock in profits · leave losing trades to recover |
| DelPendingAll | Deletes all pending orders | Before news · change strategy |
| Buy Reverse | Closes all BUY · opens SELL with same lot size | Analysis was wrong direction |
| Sell Reverse | Closes all SELL · opens BUY with same lot size | Analysis was wrong direction |
Pro Tip · Mr. Bom
Close All Profit is the button I use most often · Take partial profits · leave losing orders to recover · Using it with Profit Lock to lock in profits in layers is safer than closing everything at once · I rarely use Buy/Sell Reverse · If your analysis was wrong, close first then re-enter is better · Reversing immediately brings emotions in fast · Makes the new entry lack discipline
FAQ
Q: Can I undo if I accidentally press Close All?
A: No · Once MT5 closes an order, it cannot be restored · Make sure before pressing
Q: Is Close All Profit different from Profit Lock?
A: Close All Profit = manual button press · Profit Lock = automatically moves SL to follow profits
Q: Does DelPendingAll affect already open orders?
A: No impact · Only deletes pending orders still waiting · Open orders are safe
Q: Is using Reverse better than closing and reopening?
A: Saves 1-2 seconds · But you pay the spread again on the new trade
See Also
Download Redhat Sword Free
Semi-Auto Trading Panel · MT5 · XAUUSD · Always test on Demo before using a live account
