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Position Timeout Manager

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Publié: 20 juillet 2026

Version actuelle: 2.12

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Position Timeout Manager

Utilitaires
Zsolt Tamasi
Zsolt Tamasi
Autriche

289
Version: 2.12
Mise à jour: 21 juillet 2026

This utility helps protect against excessive losses and prevents positions or pending orders from remaining open for too long when using scalping or grid trading robots.

These types of trading EAs can accumulate significant unrealized drawdowns when a position is opened in the wrong direction and additional positions are added through a grid system. As a result, the EA may also become blocked from opening new trades for an extended period.

The utility allows you to define separate time limits for pending orders and open positions. Once the specified time limit is reached, all pending orders are canceled and all open positions are closed automatically. The remaining time is displayed graphically on the MetaTrader 5 (MT5) chart.

Open positions have higher priority. This means that once a pending order has been filled and an open position exists, only the time limit for the open position applies, regardless of whether additional pending orders are placed afterwards.

In addition, the maximum daily loss can be limited, a feature that many EAs do not provide. Once this limit is reached, all open orders and positions are closed immediately.

By specifying a Magic Number, all functions can be applied exclusively to the orders and positions generated by a particular EA.

If using an Expert Advisors in a chart, simply attach Position Timeout Manager to a separate chart within your MT5 terminal and ensure that Algo Trading is enabled.
It will automatically monitor and manage all EA-generated trades.
For those using MQL5 VPS, make sure to attach all EAs, including Position Timeout Manager, to separate charts. Enable Algo Trading, then right-click on the MQL5 VPS in the Navigator window and select “Synchronize experts, indicators” to migrate your entire trading setup to the virtual server.

Note: Position Timeout Manager does not work in the MT5 Strategy Tester.

Support:

I'm always available. If you have any questions, please feel free to contact me. For a quick response, send me a private message.

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Position Timeout Manager

Zsolt Tamasi