CloseOrderProfitMoney (MT4) — review, price and free alternatives

The review evaluates how CloseOrderProfitMoney enforces money-based equity targets, how close the realized profit typically is to the configured cash threshold, and how the tool behaves in normal and volatile market conditions.

CloseOrderProfitMoney is unique because it never opens trades; instead it passively monitors equity and, when the preconfigured monetary threshold is met, closes every open buy and sell order on the attached account or chart. The developer, Catur Sulistiyanto A Md Tem, designed the EA for traders who prefer external control of entries but need automated, immediate account-level exits. This behavior makes CloseOrderProfitMoney a deterministic safety tool rather than a signal generator.

Operationally the robot is lightweight and simple to configure on MT4. It is best used alongside disciplined trade sizing and explicit stop-loss policies because it does not set stops itself. Expected characteristics include low-frequency intervention (triggered only when the equity target is met), predictable cash-based exits, and reduced emotional decision-making for manual traders. Real-world performance depends primarily on the trader’s entry quality and market gaps at close times.

CloseOrderProfitMoney represents a conservative-to-moderate risk tool depending on how traders set money thresholds and position sizes. The EA itself does not implement stop loss per trade, so stop loss strategy remains the trader's responsibility; relying solely on this EA for downside protection is not sufficient. Position sizing should be calibrated so that the chosen monetary profit target is realistic given average trade outcomes—many users choose a threshold equal to a small percentage of account equity, for example 0.5 to 2 percent. Vulnerabilities include fast market gaps, high slippage during news events, and broker-specific execution delays that can move realized exit away from intended cash targets. For practical use, a recommended minimum account size is $200 to $500 depending on instrument and chosen money target to reduce relative variance and avoid frequent trigger noise.

Install CloseOrderProfitMoney by copying the EA file into the MT4 Experts folder and restarting MetaTrader 4. Attach the EA to any chart on the account you wish to protect and ensure AutoTrading is enabled. Key parameters include the profit target in account currency, which accounts to monitor, and whether to close all pending orders or only market positions. Recommended brokers are low-spread, low-slippage ECN or STP providers to improve exit accuracy. Chart timeframe does not materially affect behavior because the EA uses account equity, but keep it attached to a stable chart. Always test settings extensively on a demo account before live deployment and run forward tests for several weeks.