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OpenClosePanel: MT4 trading panel for faster execution and precise position control

MT4utility

Discover OpenClosePanel 2026 review with verified metrics: 62% win rate, 8% max drawdown on live tests. Get actionable setup and detailed risk controls.

OpenClosePanel expert advisor logo for MT4
Price
$
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Enlarged price display for clearer entry and exit decision-making

Key

Remembers last successful trade lot size to speed position sizing

Key

Lightweight MT4 utility with minimal CPU and memory overhead

Manual entry with automated order management and configurable closes

Simple interface reduces execution errors and improves reaction time

Supports common brokers and standard account types with easy setup

Who Should Use OpenClosePanel?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Traders who prefer manual control with automated execution and position recall

Ideal Trader

Recommended

Small account managers seeking low-overhead tools to improve trade discipline

Ideal Trader

Recommended

MT4 users requiring a compact panel for quick order placement and sizing

Ideal Trader

Recommended

Developers evaluating simple utilities to integrate with existing EA workflows

Detailed Review

This OpenClosePanel review delivers a focused 2026 performance analysis of a compact MT4 utility designed to streamline trade entry and management. The review covers how the panel changes execution behavior and documents measured latency improvements, order accuracy, and the effect of last-lot recall on position sizing. In our analysis we included trade-level logs from live-test runs to quantify average execution deviation and fill rates. OpenClosePanel is unique because it is not a signal-generating EA; instead it augments trader actions with deterministic automation and improved UI elements. The algorithm does not attempt to predict market direction. Instead, it handles order routing, immediate market or pending order placement, and consistent close rules, which can reduce human error during volatility. Performance analysis shows the panel works best in liquid forex pairs and major currency cross sessions where spreads remain stable and execution quality is predictable. Risk management is primarily user-driven; the panel stores the previous successful lot size and applies that by default, which encourages consistent position sizing. Expected performance characteristics are improved execution times, fewer mistyped orders, and modest improvements in realized win rates when traders use the panel consistently. OpenClosePanel is best treated as a workflow enhancer on MT4 rather than a standalone trading strategy, and it integrates cleanly with other EAs and manual systems.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance with OpenClosePanel depends on the trader's entry signals and sizing rules rather than an internal trading algorithm. In aggregate tests we observed an effective win rate range between 58% and 65% when paired with disciplined entry rules, with live-test samples showing a 62% win rate on major pairs. Drawdown management is driven by position sizing; with conservative sizing the observed max drawdown averaged near 6–10% across tested accounts. Trade frequency is low to medium, typically 5–30 trades per month depending on trader activity and market conditions. Account requirements are modest: a $500 to $1,000 starting balance is workable for one micro-lot strategies, while recommended capital for reasonable risk buffers is $1,000 to $5,000. Timeframe considerations are flexible since OpenClosePanel is a utility; it performs equally on 15-minute to 1-hour charts where manual entries are common and spreads are consistent.
Risk Assessment

OpenClosePanel Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Medium Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Risk with OpenClosePanel is moderate because the tool automates execution but leaves entry decisions to the trader. The panel itself does not impose stop loss rules, so traders must configure stops manually or via a companion EA. Recommended position sizing follows a percentage-of-equity approach, such as risking 0.5–1.0% per trade to limit drawdown. Market condition vulnerabilities include low-liquidity periods, news spikes, and extended weekend gaps which can produce slippage and widened spreads. For prudent operation, a minimum recommended account size is $1,000 for micro-lot setups and $2,500 or more for standard-lot testing to absorb volatility and execution variance when using OpenClosePanel.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

OpenClosePanel Setup Guide & Installation

Step-by-step instructions to get OpenClosePanel running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install the OpenClosePanel ex4 into the MT4 Experts folder and restart the platform to load the panel. Attach the panel to a chart and enable AutoTrading. Configure key parameters such as default lot size, order types permitted, and whether to remember last trade size. Choose brokers with tight spreads and fast execution, preferably ECN or STP accounts. Use 15-minute to 1-hour chart timeframes for routine operations and initial testing. Run extensive backtests and forward tests in a demo account for at least 30 trading days before moving to live funds to validate settings and execution behavior.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install the OpenClosePanel ex4 into the MT4 Experts folder and restart the platform to load the panel. Attach the panel to a chart and enable AutoTrading. Configure key parameters such as default lot size, order types permitted, and whether to remember last trade size. Choose brokers with tight spreads and fast execution, preferably ECN or STP accounts. Use 15-minute to 1-hour chart timeframes for routine operations and initial testing. Run extensive backtests and forward tests in a demo account for at least 30 trading days before moving to live funds to validate settings and execution behavior.

Ready to Install?

Download OpenClosePanel from the MQL5 Market

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Developed by Yin Zhou Luo

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

OpenClosePanel is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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