Position Timeout Manager

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 become unable to open 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 or profit can be limited, a feature that many EAs do not provide. Once the specified limit is reached, all open orders and positions are closed immediately for the remainder of the day. The daily profit display will indicate this by changing to red or green.

It is possible to limit the maximum number of open positions. All positions and pending orders will be closed if the number of open positions exceeds this limit.

When the defined profit level of the open positions is reached, all positions and pending orders will be closed. This allows trades to be closed earlier with a smaller profit.

A vertical line is displayed at the point where the utility closed all trades on the current day, provided that a Magic Number is specified.

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


If you are using an Expert Advisor on 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 trades generated by that EA.

If you are using an MQL5 VPS, make sure to attach all EAs, including Position Timeout Manager, to separate charts. Enable Algo Trading, then right-click 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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Ultimate Extractor - Professional Trading Analytics for MT5 *****this is the local HTML version of Ultimate Extractor. !!!!!it is not compatible with Cloud!!!! For the online version please reach out to me directly****** Ultimate EA manager also now available when you use cloud pro and above for free!! Ultimate Extractor transforms your MetaTrader 5 trading history into actionable insights with comprehensive analytics, interactive charts, and real-time performance tracking. What It Does Automa
Risk Manager Pro MT5 is an account protection Expert Advisor for traders who want strict risk control inside MetaTrader 5. The utility monitors your account equity, daily and weekly results, drawdown, open positions, trade count, consecutive losses, and trading hours. When a configured limit is reached, it can automatically close positions, cancel pending orders, stop other EAs, send notifications, or close the terminal. Instead of relying on discipline during a stressful trading session, you de
Seconds Chart MT5
Boris Sedov
4.61 (18)
Seconds Chart - uma ferramenta exclusiva para criar gráficos de segundos no MetaTrader 5 . Com o Seconds Chart , você pode criar gráficos com períodos definidos em segundos, proporcionando flexibilidade e precisão ideais para análise, indisponíveis em gráficos padrão de minutos ou horas. Por exemplo, o período S15 indica um gráfico com velas de 15 segundos. Você pode usar qualquer indicador ou Expert Advisor com suporte a símbolos personalizados. Trabalhar com eles é tão conveniente quanto negoc
Telegram To MT5 Receiver
Levi Dane Benjamin
4.53 (15)
Copie os sinais de qualquer canal do qual você seja membro (incluindo privados e restritos) diretamente para o seu MT5.  Esta ferramenta foi projetada com o usuário em mente, oferecendo muitos recursos que você precisa para gerenciar e monitorar as negociações. Este produto é apresentado em uma interface gráfica fácil de usar e visualmente atraente. Personalize suas configurações e comece a usar o produto em minutos! Guia do usuário + Demo  | Versão MT4 | Versão Discord Se deseja experimentar
X2 Copy MT5
Liubov' Shkandrii
Rápido. Preciso. Inovador. Tecnológico. Descubra a cópia instantânea de negociações com o revolucionário X2 Copy MT5. Com apenas 10 segundos de configuração simples, você obterá uma ferramenta poderosa para sincronizar negociações entre terminais MetaTrader em um único computador ou Windows VPS com velocidade sem precedentes. Quer você gerencie várias contas, siga sinais ou dimensione sua estratégia, o X2 Copy MT5 se adapta ao seu fluxo de trabalho com precisão e controle incomparáveis. Trabalhe
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