What does “close-only” mean?
“Close-only” generally means that new positions are no longer opened while management for closing existing positions remains available. It describes a state. Whether a closure occurs immediately depends on the positions and relevant conditions. HyperMatch's main pricing page states that without a valid window, related new-trading functions pause while existing positions continue to be managed.
Understand the state before the action
A running EA may observe prices, establish positions and manage positions already open. Close-only draws attention to the distinction between the latter activities: new trading sequences stop, while existing positions still have a management process.
An unchanged position list therefore does not, by itself, show that the mode failed. Check separately whether new entries are restricted, how existing positions continue to be handled and whether the panel displays corresponding information. This explains the process more clearly than observing only whether the number of positions changes.
Names and coverage can differ between products. A description may concern a particular EA, a symbol or a condition imposed by the trading environment. The words “close-only” alone do not establish identical behavior for every program on the account.
Distinguishing common actions
MetaTrader states that when automated trading is disabled, an EA can continue some non-trading work but cannot trade. If the intention is to keep existing positions managed by the EA, the platform's automated-trading switch should therefore not be treated as a close-only switch.
Also distinguish an EA state from a symbol's trading mode. MetaTrader's symbol specification includes a close-only mode imposed by the trading environment. A similar label does not establish that an EA button or usage period caused it.
- Close-only: Restricts new entries while preserving closing management as described for the product.
- Close positions immediately: Requests action on current positions; completion still needs to be checked in execution records.
- Disable automated trading: Restricts EA trading operations, rather than only new entries.
- Exit the running terminal: Changes the conditions for local EA operation, which should no longer be interpreted as online operation.
Reading HyperMatch's descriptions
The main-site pricing page distinguishes operation without a valid window from ordinary use: related functions pause while existing positions continue to be managed. This is the public description for the corresponding main-site product, and should not be automatically extended to all products and versions in the brand.
The Index website's trial section also describes stopping new entries when the period ends while continuing to handle existing positions. This helps explain the separation between starting a new process and completing an existing one. Trial expiry, paid-plan expiry and manual state changes nevertheless require their own descriptions.
If a product page does not explain pending orders, other programs or particular states, list these as questions for support. Specific questions are more useful than assuming every action that could create a position will stop. Apply the same approach to behavior after normal use resumes.
What to observe in practice
First identify where the message originates: the EA panel, a symbol's trading state or a usage-period notice. Then identify the product and stage of use. Locating the source makes the relevant explanation easier to find and avoids mixing similar labels from different interfaces.
Next review the existing positions and operating state. Where the product requires a running terminal, check the relevant connection and permissions against its instructions so that the software has the conditions needed for its management work. A mode name describes intended behavior; the operating state determines whether that process can be observed.
Treat resumption as a separate matter. Confirm that the displayed state has updated, that the conditions for use are met and which functions will resume. If the description is unclear, provide support with the product, version and panel message, obtain the relevant explanation and then plan subsequent actions.
For pending orders still shown by the panel, ask specifically whether the state covers them and how their handling is displayed. Review other programs on the account separately as well. A clear list defines the scope without deriving account-wide behavior from a button name. Existing positions and pending requests are easier to understand when considered separately.
Close-only is useful because it separates new trading from management of positions already open. When exploring HyperMatch, read the state alongside its usage period, operating requirements and resumption description. This makes software use easier to plan and panel messages easier to interpret.
Frequently asked questions
Does close-only immediately empty all positions?
Not simply because of the mode name. Closing depends on existing positions and the relevant product rules.
Is disabling MT5 automated trading the same as close-only?
No. It restricts EA trading operations, including closures initiated by the EA.
Do all HyperMatch products behave identically at expiry?
Do not assume so. Confirm the product, current version and applicable duration terms separately.