Market / MetaTrader 4 / Utilities /

Close Manager MT4

FREE

Published: 17 November 2023

Current version: 6.0

Close Manager MT4

Name: Close Manager MT4
Rating: 4.5 (2 reviews)
Author: Biswarup Banerjee

4.5

Utilities
Biswarup Banerjee
Biswarup Banerjee
Owner at Trading Bot Maker Limited

India

52679
4.1 (99)
Hello, I'm Biswarup, a 32-year-old MQL4 and MQL5 development specialist with a proven track record of excellence. With over 150 products spanning various categories and over 300 client projects successfully delivered across multiple platforms, I am dedicated to providing high-quality trading

214 products 13 codes 20 comments
Version: 6.0
Updated: 13 July 2026

Introducing the Ea CloseManager MT4, a specialized Expert Advisor (EA) tailored for MetaTrader 4, designed to simplify and automate the trade closure process. This powerful tool benefits both manual and automated trading strategies by providing precise control over exit criteria, making it ideal for traders across various levels of expertise.

Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5 | General Troubleshooting Guide | General Settings / Input Guide | Backtest and Set Files

With the Ea CloseManager MT4, users experience significant time savings in trade management and improved risk control. Traders utilizing this EA report enhanced profitability through disciplined exit strategies that adapt to fast-paced market conditions, particularly in forex, indices, and cryptocurrencies.

Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5 | General Troubleshooting Guide | General Settings / Input Guide | Backtest and Set Files

Key Features

Automated Trade Closure: Seamlessly closes trades based on customizable criteria, ensuring disciplined exits.
Profit and Loss Management: Set specific profit and loss thresholds for automated adjustments, enhancing overall trade performance.
Candle-Based Closure: Automatically terminate trades after a defined number of candles, allowing for effective time-based strategies.
Drawdown Control: Establish maximum drawdown limits to protect trading capital and prevent excessive losses.
Trade Frequency Limits: Manage trading exposure by restricting the number of trades per day.
Periodic Targets and Stops: Define daily, weekly, and monthly targets for systematic trading discipline.
Customizable Dashboard: Offers a user-friendly interface for real-time monitoring of trading activities and performance.
Alerts and Notifications: Stay informed with alerts via pop-up, push notifications, or email for crucial trading events.

Enhance your trading experience with the Ea CloseManager MT4, designed exclusively for MetaTrader 4, and streamline your trade management process.

You can also check out the MT4 version of this product:

Ea CloseManager MT4

I would greatly appreciate a positive review if you are happy with your purchase. Please contact me to find a solution if you are not.

Interested in a free 7-day trial? Feel free to reach out to me via my profile section.

Check all my products: https://www.mql4.com/en/users/biswait50/seller

Contact me for support: https://www.mql4.com/en/users/biswait50

#tags Ea CloseManager MT4 trading automation, trade management, forex trading, risk management, profit control, loss mitigation, trading strategy, expert advisor, MetaTrader 4, trading efficiency, market analysis, automated trading, drawdown control, entry signals, trade closure

more...

794

Keokone 2024.12.01 22:27 #

Thanks for sharing this app, it is very useful for risk management. Also in MT5

152

Youngon 2025.09.18 09:52 #

Good EA with powerful features for risk management. Continue to improve the functionality of the EA.

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The Average Directional Index(ADX) Multicurrency Scanner MT5 is an advanced trading indicator designed to analyze multiple currency pairs simultaneously. It benefits traders looking to enhance their decision-making process by providing real-time signals based on the Average Directional Index, allowing for efficient market trend analysis. This tool streamlines the trading experience by simplifying the identification of trend strength and directional movement, making it an essential asset for trad

30 USD

Enhance your trading experience with the Keltner Channel MT5, a powerful indicator designed to help traders identify market volatility and potential trend reversals. This tool is ideal for both novice and expert traders looking to refine their strategies across various assets. The Keltner Channel MT5 utilizes Exponential Moving Averages and Average True Range to create dynamic price bands that assist in spotting breakouts and assessing market trends. By providing clear visual signals and alerts,

30 USD

Introducing the Balanced Martingale EA MT5, a sophisticated trading solution designed specifically for the MetaTrader 5 platform. This expert advisor utilizes a unique martingale and reverse martingale strategy, enabling traders to capitalize on daily trends effectively. With its advanced algorithms, the Balanced Martingale EA MT5 provides traders with a competitive edge by managing trades intelligently, maximizing profits while minimizing risks. Ideal for both novice and experienced traders, it

30 USD

Introducing the EA GridTradeManager MT4, a powerful trading expert advisor designed to optimize your grid trading strategies on the MetaTrader 4 platform. This tool is perfect for both novice and experienced traders looking to automate the placement and management of grid orders, capitalizing on market fluctuations effectively. Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5 | General Troubleshooting Guide | General Settings / Input Guide | Backtest and Set Files

FREE

Introducing SuperTrend MT4, a cutting-edge indicator designed to help traders identify market trends with precision. Whether you are a forex, stocks, crypto, or commodities trader, this powerful tool provides clear buy and sell signals, enabling you to make informed decisions and maximize your trading success. With SuperTrend MT4, you gain a significant edge in your trading strategy. Users have reported enhanced accuracy in trend detection, allowing them to time their entries and exits effective

FREE

The Higher High and Lower Low Scanner MT4 is an advanced trading indicator designed for MetaTrader 4 users who seek to enhance their price action trading strategies. This tool utilizes fractal analysis to effectively identify key swing points and trend-defining patterns, making it an invaluable asset for traders across various markets including forex, stocks, and cryptocurrencies. This indicator offers significant advantages by accurately confirming uptrends and downtrends through visual signals

FREE

Unlock the potential of your trading strategy with the Nadaraya Watson Envelope MT5, an innovative indicator designed to provide traders with precise trend analysis and dynamic support and resistance levels. Ideal for forex, commodities, and cryptocurrency traders, this tool enhances decision-making and accuracy in identifying market reversals and trend continuations. The Nadaraya Watson Envelope MT5 stands out by utilizing advanced Gaussian kernel smoothing to create adaptive envelope bands tha

50 USD

DPO Histogram MT4 is an advanced trading indicator designed to display the Detrended Price Oscillator as a histogram. This powerful tool assists traders in identifying cyclical price movements and potential trend changes, making it ideal for both novice and experienced traders alike. With its real-time alerts and user-friendly interface, DPO Histogram MT4 enables traders to react swiftly to market shifts, enhancing their trading strategies. By providing clear visual signals, this indicator helps

FREE

Introducing Local Trade Copier Pro MT4, the ultimate utility for traders looking to efficiently copy trades between different MT4 accounts. This powerful tool is designed for traders who want to automate their trading strategy and enhance their performance by leveraging multiple accounts seamlessly. Experience the benefits of real-time trade copying with minimal delay, ensuring that you never miss a profitable opportunity. Whether you're managing multiple accounts or working with different broke

30 USD

Introducing the Ea TrailingStop BreakEven MT5, a powerful Expert Advisor designed to enhance your trading efficiency by automating the management of your stop-loss levels. Perfect for both novice and experienced traders, this EA ensures that your profits are maximized while minimizing risk through dynamic adjustments to breakeven and trailing stop settings. With the Ea TrailingStop BreakEven MT5, traders can enjoy the significant advantages of optimized trade management, allowing for better prof

FREE

Nadaraya Watson Envelope Strategy EA MT4 is a powerful expert advisor designed for traders who want to capitalize on trend reversals in the foreign exchange market. This EA leverages the Nadaraya-Watson Envelope indicator to identify potential price reversals at the envelope's bands, providing a straightforward yet effective trading strategy tailored specifically for MetaTrader 4 users. With its robust back-testing capabilities, the Nadaraya Watson Envelope Strategy EA MT4 offers traders precise

45 USD

Introducing the Consecutive Candle MT5, an innovative indicator designed to enhance your trading strategy by identifying streaks of bullish or bearish candles. This tool is perfect for traders in the forex, stocks, crypto, and commodities markets, providing clear signals and alerts to help you make informed decisions. With its ability to deliver timely alerts for trend confirmations and potential reversals, the Consecutive Candle MT5 is praised for its accuracy and ease of use. Many traders have

FREE

Introducing the Ea CloseManager MT5, a specialized Expert Advisor (EA) tailored for MetaTrader 5, designed to simplify and automate the trade closure process. This powerful tool benefits both manual and automated trading strategies by providing precise control over exit criteria, making it ideal for traders across various levels of expertise. With the Ea CloseManager MT5, users experience significant time savings in trade management and improved risk control. Traders utilizing this EA report enh

FREE

Elevate your trading strategy with the Nadaraya Watson Envelope Alert MT4 , a cutting-edge indicator leveraging non-parametric kernel regression to deliver smooth, adaptive trend analysis. Inspired by the Nadaraya-Watson estimator, this tool applies Gaussian kernel smoothing to price data, creating dynamic envelopes that adapt to market volatility without the excessive lag of traditional moving averages. Widely acclaimed on platforms like TradingView and praised by traders worldwide for its prec

30 USD

Introducing the STC MT4, an advanced trading indicator designed to analyze market trends and cycles effectively, making it an essential tool for traders seeking to enhance their decision-making process. This indicator is beneficial for both novice and experienced traders looking to identify optimal entry and exit points based on cyclical price movements and momentum shifts. The STC MT4 offers significant advantages by delivering timely signals that help traders navigate volatile markets. This in

FREE

Ultimate Trade Panel MT5 is a robust utility designed exclusively for MetaTrader 5, aimed at enhancing the trading experience for both novice and experienced traders. By offering an intuitive interface and powerful features, it helps users manage trades more efficiently and with greater accuracy. This utility streamlines trading tasks, enabling users to focus on strategy rather than manual processes. With features like one-click trading and customizable alerts, traders can quickly respond to mar

30 USD

Introducing the EA AccountTrailingStop MT5, an advanced Expert Advisor designed to enhance your trading strategy by automatically managing and securing your profits on MetaTrader 5. This tool is ideal for both novice and professional traders, offering a robust solution for dynamic profit locking in various trading environments. With the EA AccountTrailingStop MT5, users experience significant advantages such as improved profit retention during favorable market conditions and reduced manual monit

FREE

Fibonacci Alert MT4 is an advanced trading indicator designed to help traders identify key Fibonacci levels in real-time. By providing timely alerts when price approaches or breaks these critical levels, it empowers traders to make informed decisions and optimize their trading strategies. This indicator is beneficial for both novice and experienced traders, as it simplifies the complex task of tracking Fibonacci levels while offering essential notifications to prevent missed trading opportunitie

FREE

Introducing the RSI Divergence MT4, a powerful indicator designed to identify trend reversals by analyzing the relationship between price movements and the RSI (Relative Strength Index). Perfect for traders seeking to enhance their decision-making process, this tool offers insights into potential buy and sell signals based on divergence patterns. With its ability to detect both bullish and bearish divergences, the RSI Divergence MT4 empowers traders to spot weakening trends and optimize exit str

FREE

Enhance your trading experience with the Day and Week Separator MT5, a powerful indicator designed to plot customizable daily and weekly separator lines. This tool is perfect for traders looking to navigate the complexities of different broker time zones, providing clarity and precision in their chart analysis. By clearly marking trading sessions and transitions between days and weeks, the Day and Week Separator MT5 significantly improves traders' ability to plan and execute their strategies. Us

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Introducing the STM Trade Panel MT4, an essential utility designed specifically for traders using MetaTrader 4. This powerful tool simplifies trade execution and management, providing a streamlined experience for both novice and experienced traders seeking to enhance their trading efficiency. The STM Trade Panel MT4 offers key advantages such as one-click order placement and customizable trade settings, ensuring that users can respond quickly to market changes. Ideal for scalpers, day traders, a

FREE

Volume Oscilator is a popular indicator available in trading view which is very popular among traders Definition The Volume Oscillator is an indicator made up of two Moving Averages (MA) surrounding volume, one being fast and the other slow. The slow volume MA value is then subtracted from the value of the fastlow Moving Average. The Volume Oscillator measures volume by analyzing the relationship between the two Moving Averages mentioned. When combined with other indicators it provides a very st

FREE

Risk Management Panel is unique to tool calculate your risk quickly and place trades based on your account money. There are two options for the user Account Equity Account Balance Tools like these is specially useful when you have to take a quickly decision about your trade but dont have the time to calculate the risk. It works with magic number. So the advantage is a trade placed by this panel could be manipulated by the other expert advisors as well

FREE

Angle of Price It is a trend following indicator. The idea behind this indicator is very simple. it calculates the angle of certain price type with its N candle back price type. When the price is moving toward upward direction positive angle histograms will be created and vice versa for downward direction. There are couple of price type supported in this indicator. Which is as follows Close Open High Low Median Typical Weighted When combined with other indicators it could be used as a very power

FREE

Elevate your trading decisions with the Angle of Moving Average MT4 , an innovative indicator that quantifies the slope of moving averages to deliver clear insights into trend direction and momentum. Rooted in the principle of measuring the angular incline of moving averages over a specified number of bars, this tool has become a staple in technical analysis since its conceptualization in trading communities around 2010. Widely discussed on forums like Forex Factory and praised for its straightf

30 USD

Description This Expert Advisor mainly works on range breakout on a particular timeframe. The logic behind the this pretty simple. When a range is formed in any time frame (e.g. the range should be less than 20 pips and there must be atleast 30 candle in that range), this ea will wait for the range to be broken out on any direction. If the range is broken on the upper side it will enter into the buy position and hedge the lower ragne with sell position(Could be martingale multiplied lots). If i

30 USD

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SUHEB ALI 2025.11.14 13:59 #

User didn't leave any comment to the rating

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Reply from developer Biswarup Banerjee 2025.11.14 14:59 #

This is a close manager it can't control opening of trades

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Youngon 2025.09.18 09:52 #

Good EA with powerful features for risk management. Continue to improve the functionality of the EA.

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Keokone 2024.12.01 22:27 #

Thanks for sharing this app, it is very useful for risk management. Also in MT5