Сlose positions by result, time passed or at specific time
Info
The Сlose positions by result, time passed or at specific time is a Expert Advisor for MetaTrader 4 that description: this ea will watch your open positions and close the ones that meet the preset conditions. You can filter positions by:Magic Number By side: Short or Long By result By time: for how long are opened It can be used for hidden Stop Loss and Take Profit as well.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Сlose positions by result, time passed or at specific time
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Description: This EA will watch your open positions and close the ones that meet the preset conditions.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: 1 Click Button To Close All Open Positions - another powerful expert for MetaTrader 4 traders.
Description:This EA will watch your open positions and close the ones that meet the preset conditions. You can filter positions by:
Also recommended: 1 Click To Close All Open Positions at Current Attached Chart - similar expert with strong performance on MetaTrader 4.
Magic Number
By side: Short or Long
By result
By time: for how long are opened
It can be used for hidden Stop Loss and Take Profit as well.
Recommendations:
Please note: EA will closed the positions only if your MT4 is connected to the server.
If you want to close positions at a specific time, please make sure you set the correct GMT offset. For example: if your timezone is GMT +5:30, set gmt_offset_hours: 5 and gmt_offset_minutes: 30
You may also like: Dynamic Stop Loss - excellent alternative for expert users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.