SendClose
SendClose is a utility EA designed to close all open positions and/or pending orders on the account, and can optionally send notifications or signals to other EAs or accounts. It acts as a risk management or account management tool rather than a strategy-based trading EA.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
SendClose is not a strategy-based trading EA but rather a position management utility. Its core function is to close all or selected open positions and delete pending orders, either on demand or based on predefined conditions. Entry conditions are not applicable since it does not open trades; exit conditions are the trigger conditions for closing, which may include manual invocation, time-based schedules, or account risk thresholds. Position sizing is irrelevant as its purpose is to liquidate positions rather than establish new ones, though it may support selective closing by symbol, direction, or profit/loss status. Money management functionality is centered on risk control scenarios such as forced liquidation upon reaching maximum drawdown or protective closure when account equity drops below a threshold. Overall, it serves as an auxiliary risk management tool without any market analysis or signal generation logic.
Strengths
- One-click rapid position closing effectively controls risk during emergency market conditions
- Supports selective closing by symbol, magic number, or profit/loss status, offering good flexibility
- Can be linked with maximum drawdown thresholds for automatic protective closure, providing automated risk control
Weaknesses
- Lacks autonomous trading strategy capability, entirely dependent on external triggers or simple conditions
- Position closing may fail or suffer severe slippage under network latency or extreme market conditions
- Lacks retry mechanisms and detailed error handling logic for failed close operations
Possible improvements
- Add retry mechanism and detailed logging for failed close operations to improve reliability
- Support batch closing and priority-sorted closing to avoid large order market impact
Risk assessment
Overall risk: Safe
- Slippage during extreme market conditions may cause actual losses exceeding expectations
- Auto drawdown closure may fail to execute if network disconnects after trigger
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
CloseAll | true | Close all positions |
DeletePending | true | Whether to delete all pending orders |
CloseProfitOnly | false | Whether to close profitable positions only |
SymbolFilter | Symbol filter, empty for all symbols | |
MagicNumber | 0 | Magic number to identify EA positions, 0 for all positions |
Slippage | 3 | Allowed slippage in points |
SendNotification | false | Whether to send push notifications |
MaxDrawdownPct | 0 | Max drawdown percentage to trigger close, 0 to disable |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.