Is something like this possible?
For example, close the position if:
Take Profit (40 Pips) OR After a certain duration of time (Say 24 hours), whichever comes first.

And, I am confused how maximum open lots works with take profit orders. If I set my take profit order at 40 pips, and I currently have 5 lots open in a position, it seems to close whenever it wants and not at the designated 40 pips away from the corrected position price.

Some examples:

Short EURUSD (5 total lots)
Corrected Position Price: 1.4126
Close Position Price: 1.4098
Difference: 28 Pips

Long EURUSD (5 total lots)
Corrected Position Price: 1.4265
Close Position Price: 1.4314
Difference: 49 Pips

Short EURUSD (5 total lots)
Corrected Position Price: 1.4187
Close Position Price: 1.4165
Difference: 22 Pips

Am I doing something wrong?