Swap Shield Auto Close And Reopen Prop Firms MT4

The ultimate tool for Prop Firm traders. Automatically closes trades before weekends/swaps and reopens them later. Features spread protection, CSV crash recovery, and multi-schedule support.

Swap Shield is a professional utility designed specifically for traders dealing with Proprietary Trading Firms (Prop Firms) rules and those looking to avoid negative Swap fees.

Many Prop Firms strictly prohibit holding positions over the weekend. Failing to close trades can lead to the immediate loss of your funded account. Additionally, holding trades overnight often incurs significant Swap fees. Swap Shield solves these problems by automating the process of closing positions at specific scheduled times and reopening them automatically when the market resumes.

This is not just a simple script; it is a robust system that records your trades into a database (CSV files), ensuring that even if your terminal restarts or crashes between the Close and Reopen times, the EA remembers exactly what to reopen.

Key Features

  • Prop Firm Guardian: Avoid "Weekend Holding" violations by scheduling auto-closure minutes before the market closes.

  • Smart Multi-Scheduling: You are not limited to one time. The EA accepts unlimited schedule entries in a single field, allowing you to handle multiple days or specific times effortlessly.

  • Swap Avoider: Close trades just before the daily rollover (Swap time) and reopen them immediately after.

  • Smart Spread Protection: The EA monitors the spread when attempting to reopen. If the spread is too high (common at market open), it waits until spreads normalize to protect your entry price.

  • Crash Recovery System: Uses secure local files to store trade details (Lots, SL, TP, Comment). If the VPS reboots, the EA reads the file and resumes its job.

  • Flexible Filtering: Choose to manage ALL trades, specific Symbols, or specific Magic Numbers (including Manual trades).

How It Works

  1. Schedule: You set closing and reopening times (e.g., Close Friday 23:50, Reopen Monday 00:05).

  2. Snapshot: When the close time arrives, the EA saves all open trade details (Symbol, Type, Volume, StopLoss, TakeProfit) to a file.

  3. Close: The EA closes the specified positions.

  4. Wait & Reopen: At the reopen time, the EA checks the market conditions (Spread). If safe, it reopens the positions with the same parameters.

Input Parameters Guide

Please read the settings carefully to configure the EA according to your broker's time and rules.

1. Trade Selection Settings

  • Expert_Enabled: Master switch to enable/disable the EA.

  • Positions_Type: Choose which positions to handle (BUYs only, SELLs only, or AllTypes).

  • ApplyToSymbol:

    • ChartSymbolOnly: Manages trades only for the symbol the EA is attached to.

    • AllSymbols: Manages trades for ALL symbols in the terminal (Use with caution).

    • WriteCustomSymbols: Manages a specific list of symbols (separated by semicolon, e.g., "EURUSD;GBPUSD").

  • ApplyToMagicNumber:

    • AnyMagicNumber: Manages all trades regardless of who opened them.

    • WriteMagicNumbers: Manages specific Magic Numbers defined in the next field.

  • MagicNumbers: Enter the IDs here separated by semicolon (e.g., "12345;998877"). Note: Use "0" to manage manual trades.

2. Execution & Protection

  • SlippageTicks: Maximum allowed slippage when closing/reopening.

  • DelayRetryOnError: Minutes to wait before retrying if an error occurs.

  • WaitSecondsBeforeExecution: Safety delay when initializing the EA.

  • ReOpenMaxSpreadTicks: Crucial Setting. The EA will NOT reopen trades if the current spread (in points) is higher than this value. This protects you from the massive spreads usually seen at market opening.

  • AvoidMaxSpreadWhenExceedMinutes: If the spread remains high for longer than this time (in minutes), the EA will force the reopen anyway to ensure you don't miss the move.

3. Smart Scheduling System

  • Time Settings (time_type, dst_region...): It is highly recommended to leave these at default (TIME_SERVER) to rely on your broker's server time. This ensures synchronization with the market watch.

  • Close_Positions_As_Scheduled: Enable to activate auto-closing.

  • close_positions_schedule: The trigger time. format Day=Hour:Minute .

    • Unlimited Schedules: You can add multiple times separated by a semicolon ; . The system is smart enough to parse and schedule them all.

    • Example (Weekend): Friday=23:30

    • Example (Daily Swap): Monday=23:55;Tuesday=23:55;Wednesday=23:55;Thursday=23:55

  • ReOpen_Positions_As_Scheduled: Enable to activate auto-reopening.

  • reopen_positions_schedule: The trigger time. Same format as closing.

    • Example: Monday=00:05 (Reopens trades Monday shortly after market open).

  • Expire_CloseSchedule_mins: If the EA is started X minutes after the scheduled close time, it will ignore the close command (safety feature).

  • Expire_ReOpenSchedule_mins: Validity period for the reopen command.

Advanced Usage & Multi-Chart Setup

Can I use it on multiple charts?

Yes. The EA creates unique data files based on your "Symbols" and "Magic Numbers" selection.

  • Scenario A: Attach to EURUSD chart, select "ChartSymbolOnly". It will manage EURUSD only.

  • Scenario B: Attach to another chart (e.g., GBPUSD), select "ChartSymbolOnly". It will manage GBPUSD separately with its own schedule.

  • Important: Do not attach the EA to two charts that target the same symbol and same magic numbers, as they will conflict.

Requirements

  • Algo Trading: Must be enabled in your terminal.

  • VPS: Recommended to ensure the EA is running at the scheduled times.

Disclaimer

Always test the EA and your schedule settings on a Demo Account first to confirm that the "Server Time" matches your expectations and that the spread protection settings are suitable for your broker.

Click for MT5 Version


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FFx Risk Calculator panel will help you to calculate very easily your trades size, SL or the risk directly on the chart. All features are described below: Option to select which parameter to calculate: Risk, Stop Loss or Lot Size The panel will show if the lot size is allowed according to the current account free margin Button to maximize/minimize the panel Drag and Drop the panel anywhere on the chart How to use it? Select the parameter you want to be calculated. It will be based on the 2 other
Trade Copier Pro is a tool to copy trade remotely to MT4, MT5 and cTrader accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive t
News Trader Pro is a unique robot that allows you to trade the news by your predefined strategy. It loads every piece of news from several popular Forex websites. You can choose any news and preset the strategy to trade it, and then News Trader Pro will trade that news by selected strategy automatically when the news comes. News release gives opportunity to have pips since the price usually has big move at that time. Now, with this tool, trading news becomes easier, more flexible and more exciti
The FFx Watcher PRO is a dashboard displaying on a single chart the current direction of up to 15 standard indicators and up to 9 timeframes. It has 2 different modes: 1. Watcher mode: Multi Indicators User is able to select up to 15 indicators to be displayed User is able to select up to 9 timeframes to be displayed 2. Watcher mode: Multi Pairs User is able to select any number of pairs/symbols User is able to select up to 9 timeframes to be displayed This mode uses one of the standard indicat
Copies transactions between MT4 terminals. Possibilities: quick copy start minimum processor load direct and reverse (reverse) copying. copying Take Profit and Stop Loss levels copying deferred and their changes copy transactions one to many copy trades many to one local copy only Attention: The product is designed for copying trades only within a single computer or VPS with access to the desktop. The product will not work on the built-in Virtual Hosting of the terminal. We will help you set up
This is a must have tool for a serious trader. It saves your precious time spent for opening/closing trades, creating pending trades and modifying your TP/SL in bulk according to either pips or price. If you need to quickly open several pending orders (Buy Stop, Sell Stop) at a certain distance from each other, this script will do all the routine for you! The first time you use this handy tool, you will realize it has already paid for itself. Instructions: Drag and drop this script onto a chart.
The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
Binary Options Copier Remote is an EA that allows to copy binary options trades between MT4 accounts at different computers. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. Provider can give free bonus license to 10 receivers. That means those 10 receivers can copy from provider by using Binary Options Receiver Free (no cost). From 11th one, receiver have to buy Binary Options Receiver Pro (paid version) in order to copy from
This panel is very simple to use and it is a very ally to manage your positions and orders. Also you can modify your risk, writing in fields directly on Panel. One click on buttons and the operation on market is done! Operations possible: BUY/SELL Break Even Split (close 50% all orders) Close All positions Hedging (opens reverse positions to cover) Close only BUY positions Close only SELL positions Close All pending orders Reverse all positions Please watch the video to verify the very simple u
Slow Pips OCO Trade Panel is an advanced trading panel for placing pending orders. Traders can use this panel to place two pending orders at once. One pending order would be of buy entry type and the other one would be of sell entry type. Both orders will have Stop Loss and Take Profit parameters. Since two pending orders are placed at the same time, the pending order for which the price hits first gets converted into a market order and the other pending order gets deleted (one order cancels the
This indicator changes the timeframe and chart profile for multiple charts. If you dispatched many charts (10~20 or more) in single MetaTrader terminal, it is very boring and difficult work to manage the timeframe and chart profile individually. If the indicators you use in a chart are numerous and the setting values are different from the default one, you might give up adding all the indicators to all charts. The changing of timeframes on multiple charts has the same problem, too. Whenever you
The Price Action Dashboard is an innovative tool to help the trader to control a large number of financial instruments. This tool is designed to automatically suggest signals and price conditions. The Dashboard analyzes all major Time Frame suggesting price action conditions with graphic elements. The Dashboard can suggest you the strength of the trend identifying directional movement, it is an indispensable tool for those who want to open position themselves using market trends identifiers. The
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Stop Loss and Take Profit Manager The EA allows you to set a   Stop Loss (SL)   for your orders or positions within milliseconds, regardless of the number of orders. How to Use: Attach the EA to the chart where you want to modify the SL for your orders. Configure the following   input settings : Order_Type:   Select the order or position types. SetStopLoss:   Enable this if you want to set a Stop Loss. StopLoss:   Enter the SL price. SetTakeProfit:   Enable this if you want to set a Take Profit
FREE
Close Positions on Candle Close This tool allows you to automatically close positions based on the last candle's closing price, helping confirm trade exits and avoiding unpredictable price movements. How It Works: The EA waits for a candle to close above or below the Stop Loss level before executing a position close. It eliminates the need to manually monitor trades and helps automate exit strategies. Settings: Order_Type: Select the types of orders or positions to be managed. CandleTimeFrame:
FREE
Close Positions on Candle Close This tool allows you to automatically close positions based on the last candle's closing price, helping confirm trade exits and avoiding unpredictable price movements. How It Works: The EA waits for a candle to close above or below the Stop Loss level before executing a position close. It eliminates the need to manually monitor trades and helps automate exit strategies. Settings: Order_Type: Select the types of orders or positions to be managed. CandleTimeFrame:
FREE
### Description This Expert Advisor is designed to instantly close active positions and/or pending orders based on user-defined criteria. It supports filtering by trade type, magic number, and symbol scope, and is optimized for fast execution. ### Features - Close buy trades, sell trades, or both. - Filter by symbol: close trades on current chart only or across all symbols. - Filter by magic number or close all trades regardless of magic. - Set maximum allowed slippage for execution control. -
FREE
Stop Loss and Take Profit Manager The EA allows you to set a Stop Loss (SL) for your orders or positions within milliseconds, regardless of the number of orders. How to Use: Attach the EA to the chart where you want to modify the SL for your orders. Configure the following input settings : Order_Type: Select the order or position types. SetStopLoss: Enable this if you want to set a Stop Loss. StopLoss: Enter the SL price. SetTakeProfit: Enable this if you want to set a Take Profit. TakeProfit:
FREE
Smart Trade Manager for Layering & BE This trading tool automates trade management by handling entry positions, Break-Even (BE), and Take Profit (TP) dynamically. It allows traders to layer trades and protect their profits without manual intervention. Key Features: Secure profits automatically by setting BE once a trade reaches profit. Distribute trade volume across multiple entries to average the price. Set multiple TP targets to scale out of positions efficiently. Use tick-based calculations
Stealth Mode TP/SL Manager with AI Protection This AI-powered tool manages Stop Loss and Take Profit dynamically using either price-based or profit-and-loss (PnL) calculations while hiding these levels from the market . Also the this tool is very important to   PROP FIRMS   accounts , so you can set your stoploss to not hitting the daily stop loss ! Key Features: Supports BUY, SELL, or both position types. Flexible symbol selection: Manage the current chart, all symbols, or specific symbols (se
Signal Provider Utility Pro (Telegram & Discord) The Professional Solution for Signal Providers. Automated Broadcasting | Smart GUI Panel | Performance Reports Stop managing your signals manually.   Signal Provider Utility Pro   is the realiable bridge between your MetaTrader 4 terminal and your community on Telegram and Discord. Designed for high-performance signal services, this tool gives you instant control over your broadcasts without ever needing to open the settings window. From   real-ti
Smart Trade Manager for Layering & BE This   trading tool   automates trade management   by handling entry positions, Break-Even (BE), and Take Profit (TP) dynamically. It allows traders to   layer trades   and   protect their profits   without manual intervention. Key Features: Secure profits automatically   by setting BE once a trade reaches profit. Distribute trade volume across multiple entries   to average the price. Set multiple TP targets   to scale out of positions efficiently. Use tick
Stealth Mode TP/SL Manager with AI Protection This AI-powered tool   manages Stop Loss and Take Profit dynamically   using either price-based or profit-and-loss (PnL) calculations while   hiding these levels from the market . Also the this tool is very important to PROP FIRMS accounts , so you can set your stoploss to not hitting the daily stop loss ! Key Features: Supports BUY, SELL, or both position types. Flexible symbol selection:   Manage the current chart, all symbols, or specific symbols
Signal Provider Utility Pro (Telegram & Discord) The Professional Solution for Signal Providers. Automated Broadcasting | Smart GUI Panel | Performance Reports Stop managing your signals manually. Signal Provider Utility Pro is the realiable bridge between your MetaTrader 5 terminal and your community on Telegram and Discord. Designed for high-performance signal services, this tool gives you instant control over your broadcasts without ever needing to open the settings window. From real-time tr
The ultimate tool for Prop Firm traders. Automatically closes trades before weekends/swaps and reopens them later. Features spread protection, CSV crash recovery, and multi-schedule support. Swap Shield   is a professional utility designed specifically for traders dealing with   Proprietary Trading Firms (Prop Firms)   rules and those looking to avoid negative Swap fees. Many Prop Firms strictly prohibit holding positions over the weekend. Failing to close trades can lead to the immediate loss
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