Question: What happens if I close MT4 platform when I still have open positions?
When you close MetaTrader4 trading platform or logout, all your open positions will stay the same and remain opened.
It is because the information of the orders have been already sent to the market(liquidity provider) of your broker.
Although there are 2 things that will be disabled when you close your MT4 trading platform, which are:
- Trailing Stop orders
- EAs(Expert Advisers)
It is because the information of the above 2 functions won’t be sent to the market, but only work on the platform.
Thus, when you close the platform itself, these 2 functions will be disabled at the same time.
If you have pending orders such as Stop Loss or Take Profit, these orders will be executed when the market price arrives to the certain level.