Close Trade After X Pips EA
Auto-close trades at a pip profit/loss threshold · Trade management utility · MT4
About Close Trade After X Pips EA
The Close Trade After X Pips EA, documented at tradingexpertsmt4.com and discussed extensively across MQL5's own forums and Forex Factory, is a MetaTrader 4 trade-management utility that automatically closes a position once it reaches a trader-defined number of pips in profit or loss — effectively a "profit lock after X pips" tool.
Variants of this concept also support closing all positions after a set number of hours combined with a pip threshold, or partial closing (moving stop-loss to break-even plus a small profit, then closing a percentage of the position) once a trade has moved favourably by X pips.
- Platform: MetaTrader 4
- Type: Trade-management utility (not a signal-generating EA)
- Function: Auto-closes a trade at a defined pip profit/loss threshold
- Variants: Full close, time+pips combined close, partial close with breakeven
- Source: tradingexpertsmt4.com · Close Trade After X Pips EA for MT4
Key Features
✓ Simple, transparent, single-purpose trade-management logic
✓ Can be paired with any manual or automated entry strategy to enforce disciplined exits
⚠ This is an exit-management tool, not an entry-signal generator — you still need your own strategy for when to open trades