No, your open positions do not automatically close when you log out of the MetaTrader 5 (MT5) platform. Below are some key points to keep in mind:
1. Positions Remain Open
Your active positions will stay open until you manually close them or they are closed automatically when they reach a stop loss, take profit, or margin stop-out level.
2. Pending Orders
Any pending orders you’ve set, such as limit or stop orders, will remain active. These orders will be executed if the market reaches the price level you’ve specified.
3. Trailing Stops
Trailing stops function only when your MT5 platform is open and you are logged in. If you log out or close the platform, the trailing stop will stop updating. The most recent stop-loss level will remain active.
4. Expert Advisors (EAs)
Automated trading systems, such as Expert Advisors (EAs), stop operating when you log out of the platform. For these systems to manage trades or execute strategies, the platform must remain open and logged in.
5. Server-Side Orders
Orders like stop loss and take profit are stored on the WM Markets server. These will continue to execute even if you are logged out. However, client-terminal-dependent features like trailing stops and EAs require the platform to be active.
This ensures that critical server-side functions are maintained, but manual or automated features dependent on the MT5 terminal will pause when the platform is closed.