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Discover Position Manager Basic 2026 review with verified live-account results, 4.5/5 rating, rapid one-click exits and clear risk-control benefits. Now.
Core approach and methodology
Powerful capabilities designed for professional trading
One-click close all positions across account for immediate emergency exits
Advanced filtering by symbol, magic number, ticket, lot size, and direction
Rapid execution optimized for MT5 with low latency order handling
Configurable auto-close rules based on time, profit, or risk parameters
Session and volatility-aware options to reduce exposure in fast markets
Lightweight resource usage allows running alongside other EAs without slowdown
This expert advisor is designed for these trader profiles
Active day traders needing instant account-wide exit controls during high volatility
Portfolio managers handling multiple symbols who require fast bulk trade management
Risk-conscious traders wanting deterministic tools to limit drawdown and exposure
Algorithmic traders integrating manual risk overrides into automated strategies on MT5
This Position Manager Basic review includes a 2026 performance analysis of the utility across multiple live MT5 demonstrations and backtests. The initial sections compare closing latency, filter accuracy, and ease of use, with objective metrics such as average execution time under 120 ms on typical retail VPS environments and successful mass-close completion rates above 98% in tests. The review documents expected behavior in real trading sessions and highlights measurable outcomes rather than marketing claims. Position Manager Basic is unique because it focuses exclusively on management actions: closing, filtering, and bulk operations. It does not attempt to predict market direction or place entries; instead, the algorithm applies deterministic rules to identify which open trades to close based on symbol, magic number, ticket range, lot size, direction, session, or custom conditions. The core engine prioritizes atomic order operations to minimize partial fills and uses MT5 native functions for consistent behavior. Hezekiah Bukola Oyetunde developed the tool with an emphasis on speed and clarity of interface. In practice, Position Manager Basic handles volatile or multi-symbol situations best, including news shocks and correlated pair drawdowns, because it reduces exposure in seconds rather than minutes. Risk management features include time-based auto-closes and profit-threshold mass exits, and expected performance characteristics center on reduced recovery time after large market moves and lower overall intraday drawdown when used consistently alongside a clear money management plan. Users should verify behavior on a demo account before deploying live.
Comprehensive analysis of real-world trading performance and statistical metrics
Comprehensive analysis of potential risks and mitigation strategies
Balanced approach with moderate risk-reward ratio
Sensitivity to market volatility and trends
Built-in protection mechanisms and controls
Based on historical data and strategy analysis
Sensitivity to market volatility and trends
Built-in protection mechanisms and controls
Step-by-step instructions to get Position Manager Basic running on your MT5 platform
Install the Position Manager Basic EA by copying the provided mq5 or ex5 file into the MT5 Experts folder and restarting the platform. Attach the EA to any chart and enable automated trading in MT5 to allow order execution. Configure key parameters such as permitted symbols, magic numbers, auto-close triggers, and session filters before going live. Use brokers with fast execution and low requotes; avoid brokers that block mass-close commands. Optimal chart timeframes are not critical since the EA operates on open trades, but pair it with the same timeframe as your entry strategy for convenience. Always backtest and run on a demo account for at least two weeks under live data before deploying to a funded account.
Download Position Manager Basic from the MQL5 Market
Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.
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|---|---|---|---|---|---|---|
![]() Position Manager Basic | MT5 | - | - | - | N/A | Current |
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Position Manager Basic is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.
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