Scheduling Order and Position Closure in MetaTrader 4

Summary

This document describes a MetaTrader 4 Expert Advisor that closes open market positions, removes pending orders, or does both at a specified local computer time. Users can target all eligible orders or narrow the action by symbol, magic number, or ticket number. Separate settings determine whether market orders and pending orders are included.

The tool retries a failed closure on the next market tick and provides descriptions of closure errors. Because it remains active after the scheduled time, later trades matching the selected criteria may also be closed. This behavior means the time setting acts as an ongoing cutoff condition rather than a one-time action. The document explains configurable controls but gives no testing evidence, execution guarantees, or guidance on broker-specific behavior, slippage, or market gaps. It is an operational description of order management, not a strategy for deciding when to enter or exit positions.

Key ideas

• The Expert Advisor can close market positions, delete pending orders, or handle both at a specified local time.
• Orders can be selected by symbol, magic number, ticket number, or a broad all-orders setting.
• Failed close attempts are retried on subsequent market ticks.
• The advisor remains active after the set time, so later matching trades may also be closed.
• The document provides no performance results or guarantees about execution conditions.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.