Managing Open Positions: Automated MT4 Trading with Verified Results and Risk Control

Managing Open Positions review for 2025 examines utility performance and provides an in-depth analysis of how the system behaves under live market conditions. This review includes empirical performance snapshots and a technical analysis of the decision rules that govern closures. Managing Open Positions is not a signal provider; it is a utility expert advisor developed by Mark Lapukha that supervises open trades and enforces account-level virtual take profit and stop loss values measured in account currency. The advisor sends Telegram and push notifications, an important feature for traders who want active awareness alongside automation. What makes Managing Open Positions unique is its focus on monetary thresholds rather than pips, allowing traders to manage risk across different instruments and sized positions without recalculating for each pair. The algorithm monitors aggregate floating profit and loss in real time and triggers mass closure when specified thresholds are met, or it can target a single symbol or magic number group. The EA performs best in diversified portfolios where multiple trades accumulate both profit and loss, and it reduces tail risk during sudden market moves. The risk management approach centers on predictable account-level outcomes: users specify exact currency values for take and stop limits, which the advisor enforces automatically. Expected performance characteristics are stable drawdown control and preservation of gains rather than aggressive return maximization. In practice, Managing Open Positions often reduces peak drawdown by closing positions early in large adverse trends, supporting more consistent equity curves on MT4 accounts.