Time Based Close

Time Based Close - Automated Trade Management EA

Overview
Time Based Close is a powerful and user-friendly Expert Advisor (EA) designed for MetaTrader 4 (MT4). It automates trade management by closing positions based on a user-defined holding time, while also protecting your account with a dynamic drawdown control feature. Whether you're a beginner or a seasoned trader, this EA simplifies your trading strategy and helps you manage risk effectively.

Key Features

  • Time-Based Closing: Automatically close trades after a specified holding time (default: 29 minutes, adjustable).
  • Drawdown Protection: Monitor and manage drawdown with a customizable percentage trigger (default: 30%) to close all trades when the threshold is reached.
  • Interactive Panel: Intuitive on-chart panel to toggle features (Hold Time, Drawdown), adjust settings, and monitor real-time stats like balance, equity, and drawdown.
  • Credit Adjustment: Accurately calculates drawdown by accounting for broker credits, ensuring precise risk management.
  • Symbol Filtering: Supports specific symbols or all symbols, with optional suffix compatibility for brokers.

Benefits

  • Risk Management: Protect your account from excessive losses with automated drawdown control.
  • Time Efficiency: Automate trade closures based on time, freeing you from manual monitoring.
  • User-Friendly: Easy-to-use panel with real-time updates, perfect for traders of all levels.
  • Broker Compatibility: Tested and optimized for brokers like IC Markets and Vantage International Group Limited.

Use Cases

  • Ideal for traders who prefer time-based strategies, such as scalping or day trading.
  • Perfect for managing risk during volatile market conditions with drawdown protection.
  • Suitable for traders using brokers with credit bonuses, ensuring accurate drawdown calculations.

How to Use

  1. Attach the EA to any MT4 chart.
  2. Configure the settings via the input parameters or the on-chart panel:
    • Set your desired holding time (e.g., 29 minutes).
    • Define your drawdown trigger percentage (e.g., 30%).
    • Choose the symbol filter (leave empty for the chart symbol or enable "Close All Orders").
  3. Enable the "Hold Time" and "Drawdown" features via the panel (default: Hold Time OFF, Drawdown ON).
  4. Monitor your trades and account stats directly on the panel.

Notes

  • Ensure "Allow Live Trading" is enabled in MT4 for the EA to function.
  • Test the EA on a demo account first to familiarize yourself with its features.
  • For optimal performance, use on a VPS to ensure uninterrupted operation.

Support
Have questions or need assistance? Contact us via the MQL5 platform, and we’ll be happy to help you optimize your trading with Time Based Close!


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Pannello di trading per il trading in 1 clic.   Lavorare con posizioni e ordini!   Trading dal grafico o dalla tastiera. Utilizzando il nostro pannello di trading, puoi fare trading con un clic dal grafico ed eseguire operazioni di trading 30 volte più velocemente rispetto al controllo MetaTrader standard. Calcoli automatici di parametri e funzioni che semplificano la vita di un trader e lo aiutano a condurre le proprie attività di trading in modo molto più rapido e conveniente. Suggerimenti gra
News Filter EA MT4
Rashed Samir
5 (10)
Utilità
News Filter EA: Advanced Algo Trading Assistant News Filter EA is an advanced algo trading assistant designed to enhance your trading experience. By using the   News Filter EA , you can integrate a Forex economic news filter into your existing expert advisor, even if you do not have access to its source code. In addition to the news filter, you can also specify   trading days   and   hours   for your expert. The News Filter EA also includes   risk management   and   equity protection   features
KT Equity Protector MT4
KEENBASE SOFTWARE SOLUTIONS
3.75 (4)
Utilità
An equity protection EA for MetaTrader that enforces your loss limits and profit target for you: when your account reaches a rule you set, it closes your trades on every symbol, before one bad day turns into a lost account. It suits prop firm challenges and personal accounts alike. Attach it to one chart, answer a few questions in the on-chart setup wizard, and it watches your whole account in the background while you trade by hand or with other EAs. What it protects Daily loss limit: a percenta
FCK CurrencyStrength Pro
Patel Hitendrakumar Mahendrabhai
Utilità
Hi Friends, " FCK Currency Strength Pro " is a auto & semi auto trading expert with direction of pair. Buy-Sell separate or multi currency in one click. The strategy of  FCK Currency Strength Pro  is a combination of custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. Download News Ex4 and csv file You need the following SDSnews.ex4 in MQL4/Libraries and the daylightsavings.csv in MQL4/Files. Only 4 of 5 copi
Easy Trade Executor MT4
Sergey Ermolov
Utilità
Easy Trade Executor è uno strumento per il calcolo rapido del lotto, l'esecuzione degli ordini e la gestione dei trade in MT4. Posiziona direttamente sul grafico i livelli di Entrata, Stop Loss e Take Profit, ottieni il calcolo automatico del lotto e apri trade con rischio controllato in pochi clic. Perché scegliere Easy Trade Executor? Easy Trade Executor è stato progettato per i trader che cercano molto più di un semplice calcolatore del rischio. Vogliono gestire i propri trade in modo rapido
Partial Closure EA MT4
Juvenille Emperor Limited
5 (3)
Utilità
Partial Closure EA MT4 ti consente di chiudere parzialmente qualsiasi operazione sul tuo conto, manualmente tramite una percentuale scelta della dimensione del lotto e/o per numero di ticket, oppure automaticamente a percentuali specifiche dei livelli di TP/SL, chiudendo una percentuale della dimensione iniziale del lotto su un massimo di 10 livelli di take profit e 10 di stop loss. Può gestire tutte o alcune delle operazioni nel tuo conto specificando o escludendo determinati numeri magici, co
Smart Copy Local MT4
Kyra Nickaline Watson-gordon
5 (7)
Utilità
Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol names, prefix, suffix     Enable/Disable copying s
RS Trade Copier
Boris Sedov
5 (1)
Utilità
RS Trade Copier - il local trade copier ultra-veloce con una vera interfaccia grafica. Smetti di inserire i numeri di conto manualmente. Addio alle interminabili liste di oltre 200 parametri nelle impostazioni. Uno strumento affidabile e flessibile per copiare operazioni di trading tra multipli terminali MT4 e MT5. È adatto sia a trader esperti e servizi di segnali, sia a investitori privati. Permette di sincronizzare il trading da uno o più Fornitori a uno o più Clienti con elevata precisione e
Fibo Heart Expert Advisor
Mohd Khairol Amin Ramli
Utilità
Want automatically to put the pending order, take profit and stop loss? This EA will do it on your behalf! The Fibo Heart EA strategy will place limit order after the ‘check point’ breakout. The position will be triggered when the price make a successful retest. If not, the pending order will automatically deleted after price hit certain level. You also have option to enable market order (instant execution) and custom take profit in the inputs setting. This EA must be attached with Fibo Heart In
Trade Copier Console MT4
Nadia Tselkhert
Utilità
Un sistema di copia locale delle operazioni tra terminali MetaTrader su un singolo PC o VPS. La copia funziona in entrambe le direzioni tra MT5 e MT4. Il volume di una copia viene calcolato in percentuale del capitale, nella valuta del conto o replicando la quota di rischio del master; le operazioni vengono selezionate tramite filtri per simbolo, magic number, commento e dimensione. Il pannello gestisce il ciclo di vita di una copia aperta: Stop Loss/Take Take Profit virtuali, punto di pareggio
EchoTrade Telegram Signal Backtester
Perpetual Chinemerem Vincent
Utilità
EchoTrade Telegram Signal Backtester VALIDATE TELEGRAM SIGNALS IN MINUTES - STOP GUESSING, START BACKTESTING Stop blowing accounts on "VIP" signals that don't deliver. The EchoTrade Telegram Signal Backtester is the professional solution to audit, verify, and optimize any Telegram signal provider's performance on historical data. Most signal providers show you their wins but hide their losses. This tool reveals the naked truth. By combining a powerful Data Manager (included) with an advanced MT4
Trade Copier Global
Laszlo Tormasi
5 (15)
Utilità
Trade Copier Global: The name speaks for itself. This copier allows you to copy orders between MT4 terminals even if they are not installed on the same computer. Features Copying trades between MT4 terminals around the world with a short delay. Automatically recognizes symbol prefixes. Can connect many Slaves to the same Master. Supports pending and market orders. Supports partial order close (with limitations, see below) Can send messages and notifications to the Slaves from the Master Several
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