Jims Close Positions
This EA is a utility tool designed to close all open positions or pending orders on the current account. It provides a quick one-click or automated mechanism to liquidate all exposure, commonly used as an emergency exit or end-of-day cleanup tool.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA is not a trading strategy program but a position management utility. Its core function is to iterate through all open positions on the account and execute close operations, without involving any entry signals or technical indicator analysis. The exit condition is simply the user triggering the close operation, and the program closes all positions one by one. In terms of position sizing, this tool does not involve any order opening logic and only handles closing. For money management, it has no money management functionality and serves only as an auxiliary risk control tool. Common use cases include emergency stop-loss liquidation, batch closing before daily settlement, and coordinated risk management with other EAs.
Strengths
- One-click fast closing of all positions, simple and efficient operation
- Supports multi-dimensional filtering by symbol, direction, magic number for flexible closing
- Can serve as an emergency risk control tool for quick stop-loss exit during extreme market volatility
Weaknesses
- No trading signal generation capability, can only passively close positions without active order opening
- Batch closing may result in significant slippage due to insufficient market liquidity
- Lacks close confirmation and partial close functionality, operations are irreversible without fine-grained control
Possible improvements
- Add partial close functionality allowing users to specify close percentage rather than all-or-nothing
- Add pre-close confirmation dialog and slippage warning mechanism to prevent accidental operations
Risk assessment
Overall risk: Safe
- Batch closing may encounter significant slippage during high volatility
- One-click close without secondary confirmation may lead to accidental operations
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
CloseAll | true | Close all positions |
ClosePending | false | Whether to also delete pending orders |
CloseBySymbol | false | Close positions only for specified symbol |
SymbolFilter | Trading symbol to close positions for | |
CloseByType | 0 | Close direction filter: 0=all, 1=long only, 2=short only |
Slippage | 3 | Maximum allowed slippage |
MagicNumber | -1 | EA unique identifier number |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.