OpenClosePanel: MT4 trading panel for faster execution and precise position control
Discover OpenClosePanel 2026 review with verified metrics: 62% win rate, 8% max drawdown on live tests. Get actionable setup and detailed risk controls.

Trading Strategy
Core approach and methodology
Key Features
Powerful capabilities designed for professional trading
Enlarged price display for clearer entry and exit decision-making
Remembers last successful trade lot size to speed position sizing
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
RecommendedTraders who prefer manual control with automated execution and position recall
Ideal Trader
RecommendedSmall account managers seeking low-overhead tools to improve trade discipline
Ideal Trader
RecommendedMT4 users requiring a compact panel for quick order placement and sizing
Ideal Trader
RecommendedDevelopers 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 & Real Trading Results
Comprehensive analysis of real-world trading performance and statistical metrics
OpenClosePanel Risk Assessment
Comprehensive analysis of potential risks and mitigation strategies
Balanced approach with moderate risk-reward ratio
Risk Factors Breakdown
Potential equity decline during losing streaks
Sensitivity to market volatility and trends
Built-in protection mechanisms and controls
Overall Risk Level
Based on historical data and strategy analysis
Risk Factors Breakdown
Potential equity decline during losing streaks
Sensitivity to market volatility and trends
Built-in protection mechanisms and controls
Risk Mitigation Strategies
OpenClosePanel Setup Guide & Installation
Step-by-step instructions to get OpenClosePanel running on your MT5 platform
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
Complete Installation Instructions
Ready to Install?
Download OpenClosePanel from the MQL5 Market
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.comGet Started with OpenClosePanel
Join hundreds of traders already using OpenClosePanel for automated trading success.
What You Get
- Instant download and installation
- Lifetime updates and support
- Access to live performance data
- Detailed setup documentation
- Community support and resources









