Сlose positions by result, time passed or at specific time
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup 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.
Description & Settings
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.
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
