CloseWhatYouWant (MT5) — review, price and free alternatives

This CloseWhatYouWant review for 2026 presents a focused performance analysis and results summary based on backtests and live-demo samples. CloseWhatYouWant is an MT5 utility that watches the broker server clock on every tick and executes position closures at the exact second you configure, giving traders deterministic exit control.

What makes CloseWhatYouWant unique is its narrow scope: it does not open orders, does not place stop orders, and is magic-number independent so it can coexist with other expert advisors. The algorithm is lightweight and event-driven; it hooks into tick updates, compares server time, and issues market close commands when conditions match. That architecture minimizes CPU use and avoids trade decision logic, which reduces unexpected interactions with entry-driven systems.

CloseWhatYouWant performs best in markets where time-based exits matter, such as session open/close scalping, end-of-day risk reduction, and scheduled news exits where traders prefer exact-second control. Risk management relies on the trader's existing stop loss and position sizing, although timed closures can limit overnight exposure and reduce slippage around liquidity gaps. Expected performance characteristics include improved consistency of exit behavior, measurable reduction in variance around scheduled events, and no direct change to strategy win rate since it only affects exits.

The EA's simplicity makes testing straightforward; run backtests with fixed entry reports and compare exit timing metrics to quantify benefits.

Risk level for CloseWhatYouWant is moderate because the EA enforces exits but does not control entries or place protective stops. Stop loss strategy remains the trader's responsibility; this EA complements stop-loss placement by ensuring positions are removed at scheduled times, which can reduce overnight or news exposure. Position sizing should follow standard risk management rules, for example risking 0.5%-2% per trade and using micro lots on smaller accounts. Vulnerabilities include rapid market gaps and broker execution delays during high volatility, where timed closures may not execute at the exact desired price. A recommended account size is at least $500 for micro-lot scalping and $2,000+ for standard lot strategies, and using a low-latency VPS reduces execution risk. Test on a demo account for 3-6 weeks to observe edge and execution consistency.

Install CloseWhatYouWant by copying the compiled EX5 file into the MT5 Experts folder and then restarting the platform. Open the Navigator, attach the EA to the chosen chart and enable automated trading. Configure key parameters such as server time offset, target close second, magic number independence and partial close behavior. Recommended brokers are low-spread ECN or low-latency brokers for scalping; a VPS is advised for reliable timing. Chart timeframe is less important since the EA uses tick timing, but match the chart to your other tools and run demo tests for two weeks before live deployment.