Close at Time Expert Advisor for MT4
Info
The Close at Time Expert Advisor for MT4 is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) for the metatrader 4 platform is designed to manage open positions and pending orders by closing them based on specified criteria. Features:- Close positions or delete pending orders, or both.
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 Close at Time Expert Advisor for MT4
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
This Expert Advisor (EA) for the MetaTrader 4 platform is designed to manage open positions and pending orders by closing them based on specified criteria.
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: close positions by percentage profit or loss - another powerful expert for MetaTrader 4 traders.
This Expert Advisor (EA) for the MetaTrader 4 platform is designed to manage open positions and pending orders by closing them based on specified criteria.Also recommended: E-Close by Time: Automated Position and Order Management - similar expert with strong performance on MetaTrader 4.
Features:
- Close positions or delete pending orders, or both.
- Filter by symbol, magic number, or ticket number.
- Set a specific time for the EA to execute the closing action, based on the local computer time.
- Integrated error handling for issues during order closure.
The EA is designed with a 'get it done' philosophy. If an error occurs while closing an order or position, the EA will retry on the next tick. However, this approach may lead to closing trades opened after the selected time if they meet the specified conditions. This is a known behavior.
Input Parameters:
- Close Settings: Define the criteria for closing orders.
- Close Parameters: Configure the parameters for the closing action.
You may also like: three neural networks across three different timeframes - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property strict
extern string __s7="----- close settings -----------------------";
extern bool ballclose = false; //close all
extern bool bsymclose = false; //close by symbol
extern bool bmnclose = false; //close by magic number
extern bool btnclose = false; //close by ticket number
extern bool po = false; //close pending orders
extern bool mo = false; //close market orders.......
⚠ 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.