Market / MetaTrader 5 / Utilities /

Revenge Trading Protector MT 5

45 USD

Demo downloaded: 12

Published: 17 June 2023

Current version: 1.5

Revenge Trading Protector MT 5

Name: Revenge Trading Protector MT 5
Price: 45.00 USD
Rating: 5 (1 reviews)
Author: Konstantinos Kalaitzidis

Utilities
Konstantinos Kalaitzidis
Version: 1.5
Updated: 10 August 2024
Activations: 20

Revenge Trading Protector is a simple but effective tool for traders who can fall victim to revenge trading. Being a day-trader myself, I understand the psychological aspect of revenge trading and the desire to cover the losses.
So, I developed this tool (that I use myself too) to be 100% sure I’m able to remain patient after a loss and not make irrational trading decisions.

When you take a loss, the Revenge Trading Protector EA prevents you from opening another order (either limit order, stop order or market execution order) until the desired time break has elapsed.
For example, if you take a loss at 10:45am and you have set a 30-minute time break, any order you set before 11:15am will be instantly canceled by the EA. Once you’re allowed again you’ll be notified with an alert.
Any attempt of entering a trade before the 30 minutes have elapsed, you’ll be notified respectively.

Additional feature: The Maximum Equity Drawdown is meant to prevent any type of entry order for the rest of the day (calendar day) when you exceed the desired maximum equity drawdown.
For example, let’s assume you’ve set the maximum drawdown at 2% and you’re already -1.75% for the day, if you take another trade and the floating loss exceeds 0.25% (so it goes at -2%),
the EA will automatically close the trade and prohibit trading for the rest of the day.

The user inserts the value of the 3 parameters:

Max DD: It’s the desired maximum drawdown in %. By typing “2”, it translates to 2% maximum desired drawdown for each day.
MinutesBlock: It’s the desired number of minutes that will need to elapse in order to enable trading again. (based on the first example, here you would type “30”)
HoursBlock: It’s the desired number of hours that will need to elapse in order to enable trading again.
Delete all existing pending orders once trading is blocked: (true/false) If "false", the EA will NOT close pending orders that were added BEFORE the loss that triggered the revenge trading protection.
For example, if you have this setting at "false", and you have set a buy limit order at 2pm, then if you take a loss at 3pm, it will not remove the buy limit from your terminal! It will however block any new order/position after the loss was registered (after 3pm), for as long you've set the Minutes or HoursBlock before. - By default, the value of this parameter is "true", so it'll delete all pending order when a loss is registered, regardless of when the pending order was set.
Delete all existing pending orders once trading is blocked: (true/false) If "false", the EA will NOT close running trades that were added BEFORE the loss that triggered the revenge trading protection.
For example, if you have this setting at "false", and you have set a buy position at 2pm, then if you take a loss at 3pm, it will not close the "buy" trade from your terminal! It will however block any new order/position after the loss was registered (after 3pm), for as long you've set the Minutes or HoursBlock before. - By default, the value of this parameter is "true", so it'll delete all running positions when a loss is registered, regardless of when the trades were opened.

Send Mobile Notification: If "true", the EA will send you notifications through your Mobile MT5 app. Make sure you've connected it with your computer's terminal. (I have attached a screenshot of a test notification, for illustration purposes)
Alert on Terminal: If "true", the EA will send alerts in a new window when new patterns form, or when there's an error with a trade order.
Print on Journal: If "true", the EA will print in the Journal tab of the terminal. It's the lowest form of communication between the user and the EA.

Important Notes:

You must set the value of the desired time block ONLY on ONE PARAMETER. Either “MinutesBlock” or “HoursBlock”. The other parameter must be remained at 0. You can’t insert “30” on MinutesBlock and “1” on HoursBlock if you want a 1.5-hour break.
It's highly advised to use an MT5 on a VPS (Virtual Private Server) so that the EA runs 24/7 hence the drawdown and time-block limits function effectively! This is how I do it too.
If you don’t want to use the Daily Drawdown Protector feature, just leave the “Max DD” parameter’s value at 0. It’ll not be used.
If a loss is registered and trading becomes prohibited for the desired time period, please note that any other pending order/running trade will be automatically closed! Any pending orders will need to be set again when trading becomes enabled again.
If you wish this to be different, please contact me.
Make sure to enable AlgoTrading from the MT5, otherwise it’ll not run properly. (the EA isn’t permitted to open new orders, only to cancel/close orders/trades)
The EA doesn’t consider the seconds in the time break. For example, if a loss is taken at 10:45:26, and the time break is set at 3 minutes, the trading will be allowed again at 10:48:00.
It is advised that you first test in on a demo to see how it works.
The "Free Demo" that you can try in this page, can't work on strategy tester where MQL facilitates this "free demo". So, there's not an issue with the tool that you can't test it properly in the "demo" version.
You only need to activate the EA on one chart, and it'll work across all pairs you trade. Any loss/drawdown is measured globally and not for each pair. (for example, taking a loss on EUR/USD will disable trading for X amount of time you've set)
ANY Expert Advisor does NOT have the capacity to block a USER from placing manual trades. It can only intervene after a trade is placed manually, but that happens instantly (on the next price tick).

Please feel free to contact me through my MQL5 profile (by clicking on my name at the top of this page) if you have any question, issue, or a request about an additional feature. Trade safely!

You can check my Website for the full list of Metatrader tools I provide.

more...

315

Matthew Phillip Clarke 2023.12.28 00:32 #

It works like a charm. It simply stops me from making an emotional after taking a loss which makes all the world a difference. I set it to 30 minutes, so I can regain my poise and reassess the market, and by the time the 30 minutes was over, it had made a reversal and the trading conditions were very obvious and I didn't waste a lot of money making a million attempts to get in the wrong direction through emotional trading. Another idea for a future product or to add to this product, is some sort of tool to stop people from adding to a losing trade unless they're deliberately hedging, I'd be the first to buy it, I cannot find anything that exists like this on MT5.

Before installing the HeatMap indicator make sure you are using a broker that gives you access to the Depth of market (DOM) !! This indicator creates a heatmap on your chart allowing you to see the buy or sell limit orders easily and in real time. You have the possibility to change the setting and the colors of the HeatMap in order to adapt to all markets and all charts. Here is an example of a setting you can use with the NASDAQ100 on the AMPGlobal broker : https://www.youtube.com/watch?v=x0

80 USD

Was: $249 Now: $99 Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the

99 USD

Trading Utility for Forex Currency Pairs Only not for Gold Functions Auto Lot Calculation based on Risk Auto stoploss Auto TakeProfit Breakeven Auto Close Half % Close in percentage with respect to the PIPs Pending Orders BuyLimit Sell Limit with distances BuyStop Sell Stop with distances Trading Informations Risk in percentage For Multiple trades Combine Takeprofit and Combine Stoplosses

30 USD

Crash 1000 Scalping Indicator for the Crash 1000 Deriv Synthetic Index. Introduction The Crash 1000 Scalping Indicator is a specialized tool designed for the Crash 1000 index on the Deriv Synthetic market. This indicator is particularly useful for scalping on the M1 timeframe, helping traders to identify precise entry and exit points for buy positions. It is designed to be non-repainting, providing clear signals with audible alerts and push notifications, and is compatible with mobile devices th

30 USD

Noize Absorption Index - is the manual trading system that measures the difference of pressure between bears forces and bulls forces. Green line - is a noize free index that showing curent situation. Zero value of index shows totally choppy/flat market.Values above zero level shows how powerfull bullish wave is and values below zero measures bearish forces.Up arrow appears on bearish market when it's ready to reverse, dn arrow appears on weak bullish market, as a result of reverse expectation.

199 USD

DRS Semi Automated: Fair Value Gap Trading Inspired by the DRS strategy made by SMT FX. To learn more, visit their website. Key Features: 1. Fair Value Gap Detection: Identifies bullish and bearish Fair Value Gaps on the 5-minute timeframe. 2. Customizable Trading Sessions: Trade London, New York, or both sessions with adjustable start times. 3. Risk Management: Set risk percentage and choose between equity-based or fixed balance risk calculation. 4. Bias Selection: Manually select bullish o

60 USD

Extra Time Scale Bar Here is the MT4 version is a tool designed to enhance your trading by allowing you to add a personalized time bar to your charts. With this tool, you're no longer limited to server time alone—you can set the chart to display any time zone of your choice, like your local time, Greenwich Mean Time, or any other. Features of Extra Time Scale Bar: 1. Time Zone Customization: Choose the time zone that suits your trading needs and display it directly on your chart for en

49 USD

Premium level is a unique indicator with more than 80% accuracy of correct predictions! This indicator has been tested for more than two months by the best Trading Specialists! The author's indicator you will not find anywhere else! From the screenshots you can see for yourself the accuracy of this tool! 1 is great for trading binary options with an expiration time of 1 candle. 2 works on all currency pairs, stocks, commodities, cryptocurrencies Instructions: As soon as the red ar

990 USD

One of the number sequences is called "Forest Fire Sequence". It has been recognized as one of the most beautiful new sequences. Its main feature is that this sequence avoids linear trends, even the shortest ones. It is this property that formed the basis of this indicator. When analyzing a financial time series, this indicator tries to reject all possible trend options. And only if he fails, then he recognizes the presence of a trend and gives the appropriate signal. This approach allows one t

30 USD

This indicator will show you the TP and SL Values (in that currency) that you already set for every orders on the charts ( closed to the transaction/order line) that will help you a lot to estimated your profit and loss for every order. And it also show you the PIPs values too. the shown format is " Currency Values of our Profit or Loss / PIPs values ". The TP Value will be shown in Green Color and the SL Value will be shown in Red Color. For any question or more information,

99 USD

Our Basic Support and Resistance indicator is the solution you need to boost your technical analysis. This indicator allows you to project support and resistance levels on the chart / MT4 Version Features Integration of Fibonacci Levels: With the option to display Fibonacci levels alongside support and resistance levels, our indicator gives you an even deeper insight into market behavior and possible reversal areas. Performance Optimization: With the option to update extended lines

65 USD

A new generation progressive indicator from INFINITY. Predictor PRO uses its own entry and exit calculation strategy. Indicator without redrawing signals! This is very important for real trading. The indicator can be used for any currency pairs, metals, cryptocurrencies or indices. The best time of the H1 chart. Unlike other indicators, Predictor PRO shows shows the Buy/Sell entry point and the Close exit point. Calculating the profit of all signals in points on the panel helps to choose th

45 USD

Multi-Timeframe Sniper Entry Indicator for MT5 Unlock the potential of multi-timeframe analysis with our most accurate and innovative Sniper Entry Indicator for MetaTrader 5 (MT5). This powerful tool is designed to help traders identify optimal entry points based on the prevailing trends from higher timeframes, ensuring a well-informed trading strategy. Key Features: Multi-Timeframe Analysis: Seamlessly analyze trends from higher timeframes to establish the overall market direction. The indi

50 USD

AUTOMATIC TRADE COPIER for local * use . (copy trades between several metatrader terminals on the local computer/ *or GLOBALLY after setting your network /server !) Can copy trades from one or several main MT5 accounts to several MT5 and MT4 accounts (no limit). For MT5 to MT4 copy you have to also get version for Metatrader 4 here : https://www.mql5.com/en/market/product/80842 - very fast execution (theoretically up to 5ms delay, depends on computer speed) - user can set speed of co

30 USD

The trend is your friend! Look at the color of the indicator and trade on that direction. It does not repaint. After each candle is closed, that's the color of the trend. You can focus on shorter faster trends or major trends, just test what's most suitable for the symbol and timeframe you trade. Simply change the "Length" parameter and the indicator will automatically adapt. You can also change the color, thickness and style of the lines. Download and give it a try! There are big movements

99 USD

First of all Its worth emphasizing here that this Trading Indicator is Non-Repainting , Non Redrawing and Non Lagging Indicator Indicator, Which makes it ideal from both manual and robot trading. User manual: settings, inputs and strategy . The Atomic Analyst is a PA Price Action Indicator that uses Strength and Momentum of the price to find a better edge in the market. Equipped with Advanced filters which help remove noises and false signals, and Increase Trading Potential. Using Mult

99 USD

The Prop Firm Edge mt5 advisor is designed specifically for passing Prop Firm challenges and further trading. It will be able to adhere to all the rules while maintaining the specified drawdown within prescribed limits, and can also be used on any account for daily trading. The advisor uses high volatility after news releases and indicator RSI to enter a position. The advisor uses news output for trading and therefore cannot be tested in the strategy tester. Please remember to change the “Work

30 USD

This indicator draws strong price levels (price consolidation levels). The levels are plotted using 2 MA indicators and 1 MACD using a complex algorithm. The algorithm used in the EA is also in personal use. These levels have 4 variants (colors of the variants can be customized): strong up, weak up, strong down, weak down. In turn, a weak level usually appears and then it can become strong. A strong level can also become weak. Version MT4: https://www.mql5.com/en/market/product/27997/ Versio

10 USD

AW Workpad is a multifunctional trading control panel designed for manual and semi-automatic trading. It allows you to manage pending orders, market positions, provides a wide range of statistical data, as well as a multi-period analysis of a group of classic indicators. The utility is represented by five tabs: Positions, Pending, Close, Indicators, Info. Each tab has its own group of functions for processing orders or information about the current market situation. MT4 version -> HERE / P

55 USD

Description : Rainbow EA MT5 is a simple Expert advisor based on Rainbow MT5 indicator witch is based on Moving average with period 34. The indicator is incorporated in the EA, therefore, it is not required for the EA to operate, but if you wish, you can download it from my product page . The Expert Advisor settings are as follows : Suitable for Timeframes up to H1 The parameters below can be set according to your trading rules. StopLoss ( Stop Loss in pips) TakeProfit ( Take Profit in pi

69 USD

1 day Promotional price: $49 Activation: 30 10 days promotional price: $59 activation: 20 Introduction Quick View Quickly check the profitability for a period of time and display the statistics Quickly filter historical transactions and make statistics based on time, magic number, currency, and comments Statistics include Net Profit, LotTotal, Profit Factor, Short Trades (win %), Long Trades (win %), Average Profit Trade, etc. Refresh statistical data in real time Calculation time is

59 USD

Closing positions in MetaTrader 5 upon reaching the total profit/loss with the profit trailing function. CloseIfProfitorLoss with Trailing You can enable the Virtual stops (Separate Order) , calculating and closing for BUY and SELL positions separately (Separate BUY SELL) , closing and calculating all symbols or the current symbol only (All Symbols) , enable trailing for profit ( Trailing Profit) Positions are closed based on a value in deposit currency, points, % and drawdown . The appl

40 USD

Magic Finger can help you identify trends and trading opportunities clearly. The finger points to the open position signal, and the discoloration line is confirmed by the trend. If you are a day trader, you can choose to trade during a period of active trading, referring to the discoloration line as the basis for the next order, finger signal as a filter. If you are a trend trader, you can choose a period above H1, wait for the appearance of the finger signal in the key price area, and enter t

168 USD

The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak

159 USD

| Fully-automated Smart Money Concept (ICT) inspired trading solution with multi-strategy capabilities | Built by a grid trader >> for grid traders. This is MT5 version, click here for Blue CARA MT4 (settings and logics are same in both versions) Real monitoring signal --> Cara Gold Intro Blue CARA EA ('CARA') - short for C omprehensive A lgorithmic R esponsive A dvisor is a next-gen multi-currency multi-timeframe EA base on the widely known (and perhaps the most popul

99 USD

New Combined Indicator - 3 in 1 Are you looking for trading tools that can enhance your market analysis and investment strategies? We have combined three of our best indicators into a single powerful and convenient solution, allowing you to get the most value for your trading. 1. Order Block Indicator (previously sold for $32.90) The Order Block Indicator is an essential tool for identifying areas of strong institutional interest within the market. This indicator marks the highs and lows of orde

77.90 USD

The indicator builds current quotes, which can be compared with historical ones and on this basis make a price movement forecast. The indicator has a text field for quick navigation to the desired date. Options: Symbol - selection of the symbol that the indicator will display; SymbolPeriod - selection of the period from which the indicator will take data; IndicatorColor - indicator color; Inverse - true reverses quotes, false - original view; Next are the settings of the te

55 USD

First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one , combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focus

49 USD

Stratos Pali Indicator is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost ! Do

49 USD

SolarTrade Suite Financial Robot: LaunchPad Market Expert - designed to open trades! This is a trading robot that uses special innovative and advanced algorithms to calculate its values, Your Assistant in the World of Financial Markets. Use our set of indicators from the SolarTrade Suite series to better choose the moment to launch this robot. Check out our other products from the SolarTrade Suite series at the bottom of the description. Do you want to confidently navigate the world of in

100 USD

It helps to calculate the risk per trade, the easy installation of a new order, order management with partial closing functions, trailing stop of 7 types and other useful functions. Attention, the application does not work in the strategy tester. Manual, Description, Download demo Line function - shows on the chart the Opening line, Stop Loss, Take Profit. With this function it is easy to set a new order and see its additional characteristics before opening. Risk management - The risk

100 USD

Welcome to Trade Manager MT5 - the ultimate risk management tool designed to make trading more intuitive, precise, and efficient. This is not just an order placement tool; it's a comprehensive solution for seamless trade planning, position management, and enhanced control over risk. Whether you're a beginner taking your first steps, an advanced trader, or a scalper needing rapid executions, Trade Manager MT5 adapts to your needs, offering flexibility across all markets, from forex and indices t

99 USD

Trade Panel is a multifunctional trading assistant. The application contains more than 50 functions for manual trading, and allows you to automate most trading actions. Before purchasing, you can test the Demo version on a demo account. Demo here . Full instructions here . Trade. Allows you to perform basic trading operations in one click: Opening pending orders and positions. Opening a grid of orders. Closing pending orders and positions. Reversal of positions (close BUY and open SELL or close

100 USD

Experience exceptionally fast trade copying with the Local Trade Copier EA MT5 . With its easy 1-minute setup, this trade copier allows you to copy trades between multiple MetaTrader terminals on the same Windows computer or Windows VPS with lightning-fast copying speeds of under 0.5 seconds. Whether you're a beginner or a professional trader, the Local Trade Copier EA MT5 offers a wide range of options to customize it to your specific needs. It's the ultimate solution for anyone looking t

50 USD

Custom Alerts is a versatile multi-market monitoring tool that identifies promising setups across all eight major currencies (USD, CAD, GBP, EUR, CHF, JPY, AUD, and NZD), as well as GOLD (XAU), all 28 Forex and GOLD pairs based on these currencies, and up to seven indices like US30, UK100, WTI, Bitcoin, etc. It is fully customizable. The tool gathers data from our FX Power, FX Volume, and IX Power indicators and notifies you of significant events. Before starting, you must have the us

99 USD

Tired of complex order placement and manual calculations? Trade Dashboard is your solution. With its user-friendly interface, placing orders becomes effortless, by a single click, you can open trades, set stop loss and take profit levels, manage trade lot size, and calculate risk to reward ratios, allowing you to only focus on your strategy. Say goodbye to manual calculations and streamline your trading experience with Trade Dashboard. Download Demo Version right now. You can find Details of

65 USD

Trade Manager to help you quickly enter and exit trades while automatically calculating your risk. Including features to help prevent you from Over Trading, Revenge Trading and Emotional Trading. Trades can be managed automatically and the account performance metrics can be visualised in a graph. These features make this panel ideal for all manual traders and it helps to enhance the MetaTrader 5 platform. Multi Language support. MT4 Version | User Guide + Demo The Trade Manager does not work i

80 USD

Trade copier for MT5 is a trade copier for the МetaТrader 5 platform. It copies forex trades between any accounts MT5 - MT5, MT4 - MT5 for the COPYLOT MT5 version (or MT4 - MT4 MT5 - MT4 for the COPYLOT MT4 version) Reliable copier! MT4 version Full Description +DEMO +PDF How To Buy How To Install How to get Log Files How To Test and Optimize All products from Expforex You can also copy trades in the МТ4 terminal (МТ4 - МТ4, МТ5 - МТ4): COPYLOT CLIENT for

75 USD

Copy Signals from any channel that you are a member (including private and restricted) straight to your MT5. This tool has been designed with the user in mind while offering many features you need to manage and monitor the trades. This product is presented in an easy-to-use and visually attractive graphical interface. Customise your settings and start using the product within minutes! User Guide + Demo | MT4 Version | Discord Version If you want to try a demo please go to user guide. The Te

120 USD

The product will copy all telegram signal to MT5 ( which you are member) , also it can work as remote copier. Easy to set up, copy order instant, can work with almost signal formats, image signal, s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to s

219 USD

The MT5 to Telegram Signal Provider is an easy-to-use, fully customizable utility that enables the sending of signals to Telegram, transforming your account into a signal provider. The format of the messages is fully customizable! However, for simple usage, you can also opt for a predefined template and enable or disable specific parts of the message. [ Demo ] [ Manual ] [ MT4 Version ] [ Discord Version ] Setup A step by step user guide is available. No knowledge of Telegram API is required;

59 USD

Trading Panel for trading in One click. Working with positions and orders! Trading from the chart or the keyboard . With our trading panel, you can execute trades with a single click directly from the chart and perform trading operations 30 times faster than with the standard MetaTrader control. Automatic calculations of parameters and functions make trading faster and more convenient for traders. Graphic tips, info labels, and full information on trade deals are on the chart MetaTrader.

75 USD

-25% discount ($199 -> $149) Advanced trading tool: One click smart orders that execute under your conditions Developed by trader for trading community: position size calculator (lot size), open position after price action, strategy builder, set and forget trading, mobile notifications... Risk Management - Risk percentage position size calculator, gain percentage, target risk reward ratio, spread and commissions are included in calculations 7 Advanced order types - Set and forget trading w

149 USD

This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs. Interacting with additional signal indicators that mark the chart to give a real mark

495 USD

Multifunctional tool: 65+ functions, including: Lot Calculator, Price Action, R/R ration, Trade Manager, Supply and Demand zones Demo version | User manual The utility doesn't work in the strategy tester : you can download the Demo Version HERE to test the product. Contact me for any questions / ideas for improvement / in case of a bug found If you need a MT4 version, it is available here Simplify, speed up and automate your trading process . Expand the standard terminal capabili

139 USD

Expert Advisor Risk Manager for MT5 is a very important and in my opinion necessary program for every trader. With this Expert Advisor, you will be able to control the risk in your trading account. Risk and profit control can be carried out both in monetary terms and in percentage terms. For the Expert Advisor to work, simply attach it to the currency pair chart and set the acceptable risk values in the deposit currency or in % of the current balance. PROMO BUY 1 GET 2 FREE - https://ww

55 USD

Cerberus the Equity Watcher is a risk management tool that constantly monitors your account equity and avoid major drawdowns, caused by faulty EAs or by your emotional behaviour if you are a discretional trader. It is extremely useful for systematic traders that rely on EAs that might contain bugs, or that might not performed well in unexpected market conditions. Cerberus let you set a minimum equity value and (optionally) a maximum value , if either of those are reached all positioned are f

50 USD

The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when

70 USD

Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified. I am an

69 USD

Send fully customizable signals from MT5 to Telegram and become a Signal Provider! This product is presented in an easy-to-use and visually attractive graphical interface. Customise your settings and start using the product within minutes! User Guide + Demo | MT4 Version | Discord Version If you want to try a demo please go to the User Guide. The MT5 To Telegram Sender does NOT work in the strategy tester. MT5 To Telegram Features Fully Customise signal to your preference with a huge numbe

50 USD

Set price targets, and leave everything else to HINN Lazy Trader! This tool is designed for automatic position sizing from specified levels to designated targets. Using a VPS is recommended (*). The demo version limited in functionality, be sure to watch this video before using --> https://youtu.be/geLQ6dUzAr8 A community for users, product discussion, update news, and first line of support are organized in a free Discord: https://discord.gg/zFhEZc7QDQ Use Webmoney For payments in cryptocu

486 USD

Make sure to join our Discord community over at www.Robertsfx.com , you can also buy the EA at robertsfx.com WIN NO MATTER IN WHICH DIRECTION THE PRICE MOVES This robot wins no matter in which direction the price moves by following changing direction depending on in which direction price moves. This is the most free way of trading to this date. So you win no matter which direction it moves (when price moves to either of the red lines as seen on the screenshot, it wins with the profit target yo

599 USD

The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow develop strategies every time. You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA in this market place. You can use as trade

49 USD

ATTENTION the expert does not work in strategy tester, for a trial version visit my profile. Manual RiskGuard Management RiskGuard management was born with the idea of helping traders from their initial journey to becoming expert and aware traders. Compatible with any operating system whether Mac or Windows. The operations panel is integrated into the graph giving the possibility to choose size and position between right and left, while the various buttons light up when they can be used,

150 USD

Grid Manual is a trading panel for working with grid strategies. The utility is universal, has flexible settings and an intuitive interface. It works with a grid of orders not only in the direction of averaging losses, but also in the direction of increasing profits. The trader does not need to create and maintain a grid of orders, the utility will do it. It is enough to open an order and the "Grid manual" will automatically create a grid of orders for it and will accompany it until the close. F

70 USD

The MT5 to Discord Signal Provider is a user-friendly, fully customizable utility designed for sending trading signals directly to Discord. This tool transforms your trading account into an efficient signal provider. Customize message formats to suit your style! For ease of use, select from pre-designed templates and choose which message elements to include or exclude. [ Demo ] [ Manual ] [ MT4 Version ] [ Telegram Version ] Setup Follow our detailed user guide for easy setup. No prior knowled

59 USD

The Expert Advisor is a risk manager helping users to control their trading. In the settings, it is possible to specify the parameters at which the risk manager force closes the opened trades and closes the terminal as well, if it is needed to prevent opening trades on emotions, which do not correspond to the trading strategy. Risk Manager settings Check limit to close - check the equity limit Limit to close - equity limit that is taken into account Check day limit to close - check the

50 USD

Price Action Trade Panel MT5 calculates the buying/selling force level balance of any symbol/instrument, based on pure price action data of the specified (8 by default) past candles. This will give you the closest market sentiment possible by monitoring the price action of 32 symbols/instruments that are available on the indicator's panel. A buying/selling force level over 60% gives a quite solid level for buy/sell the specific symbol (using the default settings). Price Action Trade Panel MT5

60 USD

« Trade Sync » — Really fast copying and precise synchronization of trades. Simple installation and configuration of the application within 5 seconds allows you to copy trades between different MetaTrader terminals installed on one Windows PC or Windows VPS at maximum speed. «Trade Sync» contains a large number of options for customizing the application to your specific needs and allows you to cope with even complex user tasks. Separate use: Trade Sync MT4 - allows you to copy (Мt4 > Мt4), Trade

50 USD

The Easy Strategy Builder (ESB) is a " Do It Yourself " solution that allows you to create a wide range of the automated trading strategies without any line of codes. This is the world’s easiest method to automate your strategies that can be used in STP, ECN and FIFO brokers. No drag and drop is needed. Just by set conditions of your trading strategy and change settings on desired values and let it work in your account. ESB has hundreds of modules to define unlimited possibilities of strategi

299 USD

The "FVG Screener" is a FREE utility tool designed to identify and alert on "fair value gaps" (FVGs), a concept popularized by ICT. This EA is intended to be used by traders who use fair value gaps in their trading. The panel provides a simple and intuitive interface for selecting the desired timeframes, enabling traders to focus on specific timeframes regardless of the timeframe that their chart is on. The EA scans the market for imbalances or FVGs, which are essentially discrepancies between

FREE

Symbol Drawdown Protector is a utility tool used to manage your desired Max Daily Drawdown only on a specific trading symbol. It's like a %-based stop loss, but it's functioning as a revenge protector tool too. In the era of prop firms and challenges, it's highly important to be aware of daily drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management and prevention of revenge trading. Input parameters: Daily % Drawdown - Here you set the Maximum Daily Dr

60 USD

"Trade Notifications" is a utility tool, aimed to inform you either with mobile notifications or terminal alerts on every opened or closed trade, as well as the $ profit/loss result of each trade. It's a tool I've been using myself for a long time, and I decided to share it for free! Input Parameters: (every input is a true/false type, double click on it to change its value) Notify for Closed Positions PnL : If true, it'll notify you for the $ result of any trade that is closed. This way,

FREE

Drawdown Protector is a utility tool used to manage your desired Max Daily Drawdown. In the era of prop firms and challenges, it's highly important to be aware of daily drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management and prevention of revenge trading. Input parameters: How many Hours to block trading? - Here, you set how many hours you want the EA to block new trades, after the Daily % Drawdown is breached. Value must be >0. Block trading until the

50 USD

News Filter Protector is designed to protect your from having open positions/orders on news announcements. In today's world where news can cause unpredictable volatility and extended losses, such a tool is very helpful for your peace of mind since you don't need to check the calendar ever again! Let's go through the Inputs of the EA to get an understanding of how each parameter works: --------------------------------News Settings-------------------------------- Currencies of the News to Filter

45 USD

Revenge Trading Protector is a simple but effective tool for traders who can fall victim to revenge trading. Being a day-trader myself, I understand the psychological aspect of revenge trading and the desire to cover the losses. So, I developed this tool (that I use myself too) to be 100% sure I’m able to remain patient after a loss and not make irrational trading decisions. When you take a loss, the Revenge Trading Protector EA prevents you from opening another order (either limit order, s

45 USD

Drawdown protector is used to manage your desired Max Daily Drawdown. It's a highly valuable tool for traders, especially for prop firm traders, you need to be careful of the drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management purposes. It works by blocking new trades - and closing existing trades, when the floating Equity (not Balance) exceeds the Daily Loss limit you've set. Also, you can set a Maximum Loss Limit for a SINGLE trade, which if exceeded, i

50 USD

The "Scalping Scale in" is a utility tool designed for scalpers who want to scale in an initial position at fixed distances without worrying about the S/L and T/P placement, because every second counts when scalping. How it works: You set your desired values in the inputs tab of the EA, and more specifically what Risk-to-Reward you want the T/P to be placed, how wide you want your S/L (in pips) - which also is the distance of the next next stop order (scale in position). You manually click B

40 USD

The "Candlestick Patterns Trade Panel" is the ultimate tool for traders who trade with Candlesticks Patterns and want the process of identifying a pattern and executing a trade, to be quick and effortless . With various but key input options, this tool suits to people who want to automate their candlesticks patterns manual trading, or assist them to take trades manually but faster than before, or simply inform them with the patterns they want to see. Let's go through the Trade Panel that appear

35 USD

Anti Grid Position Protector is a utility tool designed to protect you from the temptation of adding to a losing position in a hope of a drawdown recovery, or trying to hedge when you're not intended too. --------------------------Inputs--------------------------- Allow Hedging on Losing Positions? - It's a true/false input (double click to switch its value) which allows/disallows opening a trade (either pending order or market execution) in the opposite direction on an existing losing position

40 USD

The "FVG Screener PRO" is a utility tool designed to identify and alert on "fair value gaps" (FVGs), a concept popularized by ICT, but also to allow fast and efficient trade executions through its panel. This EA is intended to be used by traders who use fair value gaps in their trading. The panel provides a simple and intuitive interface for selecting the desired timeframes, enabling traders to focus on specific timeframes regardless of the timeframe that their chart is on. The EA scans the mar

35 USD

Filter:

315

Matthew Phillip Clarke 2023.12.28 00:32 #

2698

Reply from developer Konstantinos Kalaitzidis 2023.12.28 12:26 #

Thank you very much! I'm glad it solved your problem and will seriously consider adding the new function that you suggested! Have a great end to the year Matthew🙂

Version 1.5 2024.08.10

Added the following 2 parameters in the input tab that were requested by a user who wanted to not close EXISTING orders/positions when a loss was triggered, but also block new orders/trades after a loss was registered.
The 2 new input parameters are shows below, but for a full description (with examples!) check the product's page here (https://www.mql5.com/en/market/product/101234?source=Site+Profile+Seller)

-Delete all existing pending orders once trading is blocked: (true/false)
If "false", the EA will NOT close pending orders that were added BEFORE the loss that triggered the revenge trading protection.

-Delete all existing running positions once trading is blocked: (true/false)
If "false", the EA will NOT close running trades that were added BEFORE the loss that triggered the revenge trading protection.

Version 1.4 2024.05.04

Added mobile notifications. with options to select every communication type (in the inputs tab), that the user may want.

Version 1.3 2023.12.26

Fixed an alert message bug when two limit orders were set back-to-back