Take a Break

5

The most advanced news filter on MQL market - free demo available

Take a Break has transformed from a basic news filter into a comprehensive account protection solution. It seamlessly pauses any other Expert Advisors during news events or based on your custom filters, all while safeguarding your EA settings - restoring them automatically when trading resumes for complete peace of mind.

Typical use cases:

  • A single news filter for all your EAs.
  • Stop trading during news/high volatility (+ close all trades before).
  • Stop trading when a certain daily profit/loss is reached (useful also for funding programs such as FTMO).
  • Stop trading when Account Equity, Balance or Margin is low.
  • Only trade on specific dates or times, e.g. only during the US session.

The various, built-in filters finally give you full control over your EA's operations making Take a Break an indispensable tool for every automated trader. As such, Take a Break may be the only tool you need for

  • drawdown control
  • equity protection
  • news trading
  • advanced time filter options

As a tool by traders for traders, your feedback is appreciated. If you have a feature request, find a bug or simply need support, just contact me. I'll be happy to help.


How to set up

Take a Break manages selected (or all) charts in your terminal using an EA and an indicator. The indicator identifies which charts the EA will control, so you must add it to each chart you want managed. Without the indicator, Take a Break will not work. After adding the indicator, all settings are managed through the EA.
  1. Add the URL https://trading.custom-solutions.it to the list of allowed WebRequest URLs (press CTRL+O, tab "Expert Advisors")
  2. Download the FREE Take a Break Indicator and follow the setup example.


Documentation

Ask me :)

... or navigate to the "What's new" tab and use your browser's search function (usually CTRL + F) to search for a specific parameter. I usually added a comprehensive description to all of them.


Parameters (excerpt)

Please check the "What's new" tab regularly for a complete and up-to-date list of all parameters + improvements.

--- External EA Settings ---

  • Force stop trading: If set to "true", templates will be applied even if there are open trades of your other EA. Useful to prevent your other EA from opening new trades during news, increased spreads etc. But can possibly leave the open trades unprotected during these periods (if they have no S/L set). Use with caution.

--- News Filters ---

  • Pause before NFP/High/Medium/Low Impact News (minutes)
  • Pause after NFP/High/Medium/Low Impact News (minutes)
  • Close trades X minutes before NFP/High/Medium/Low Impact News: Either all trades or only those with the specified "Magic Numbers" will be closed X minutes before the news.
  • Filter News Events: Only pause during specific events. Separate multiple event names by a comma like e.g. "PMI,Rate Statement,CPI".
  • Filter News Symbols: By default, Take a Break will determine the news for each symbol automatically. However, you can also specify your own set of symbols (e.g. "EUR,USD,GBP").

--- Additional Filters ---

  • Maximum Lots (0 = not used): Trading will be disabled when the sum of all orders' lots >= Maximum Lots. Set to "0" to disable it.
  • Maximum Spread (0 = not used): Spread filter for each symbol. Set to "0" to disable it.

--- Account Protection ---

  • Maximum Daily Profit Limit (0 = not used): Enter a daily profit limit in your account's base currency here. E.g. "100" means "stop trading when the daily profit reaches 100 EUR/USD/...". In this case, all trades will be closed and the chart template "Daily Profit/Loss Limit reached" applied.
  • Maximum Daily Loss Limit (0 = not used): Same as "Maximum Daily Profit Limit" but you specify a negative value here. E.g. "-100" means "stop trading when the daily loss reaches -100 EUR/USD/...".
  • Daily Profit/Loss Limit calculation mode: If set to "Equity", the profit/loss of open positions will also be taken into account when performing calculations. If set to "Balance", only the profit/loss of closed positions will be taken into account.
  • Timezone to reset Daily Profit/Loss Limit: By default, the limits are reset once every day at the specified "Time to reset Daily Profit/Loss Limit" broker server time. If you want the daily limits to be reset in another timezone, enter it here (e.g. "CET"). See List of Timezone Abbrevations.

--- Trading Times ---

  • Monday/Tuesday/Wednesday/Thursday/Friday/Saturday/Sunday Trading: Specify trading times as ranges and separate them by a comma. E.g. to trade from 04:00 to 05:00 and from 20:00 to 22:00 (broker server time), use one of the following formats:
    • 04:00 - 05:00,20:00 - 22:00 (extended)
    • 4,20-22 (simple)
  • Close trades on: In addition to the news filter, all trades can be closed either daily or on a specific weekday at the time specified under "Close trades at".


#equity protect #balance protect #drawdown limit #drawdown control #master control #trade manage #order manage #risk manage #prop firm

Bewertungen 32
Quantxtech
413
Quantxtech 2025.01.28 10:34 
 

Excellent EA. I recommend it to everyone. It allows me to integrate risk management functions and stay away from situations of high expected (news) and unexpected volatility. The author is very professional and enthusiastic, responds immediately and is very available to give suggestions and accept advice.

Carl Christian Nyberg
828
Carl Christian Nyberg 2024.12.15 19:54 
 

Fantastic little thing that adds up really good the the EA's that I'm currently running. So far it has managed to avoid bad trades just before major news happenings. Will keep on running it and trying to find the perfect setup regarding Drawdown Control and Minimum Profit/Maximum Loss before and during news.

Maik Siebel
801
Maik Siebel 2024.08.23 11:38 
 

Eric has answers and solutions for all questions :-) Thanks again for your help and your great tool.

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Quantxtech
413
Quantxtech 2025.01.28 10:34 
 

Excellent EA. I recommend it to everyone. It allows me to integrate risk management functions and stay away from situations of high expected (news) and unexpected volatility. The author is very professional and enthusiastic, responds immediately and is very available to give suggestions and accept advice.

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2025.01.28 11:42
Thank you very much for taking the time for a review - much appreciated! :)
Carl Christian Nyberg
828
Carl Christian Nyberg 2024.12.15 19:54 
 

Fantastic little thing that adds up really good the the EA's that I'm currently running. So far it has managed to avoid bad trades just before major news happenings. Will keep on running it and trying to find the perfect setup regarding Drawdown Control and Minimum Profit/Maximum Loss before and during news.

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2024.12.16 11:20
Many thanks for sharing your positive experience with TaB! Very happy to read that it helps in your trading :)
Maik Siebel
801
Maik Siebel 2024.08.23 11:38 
 

Eric has answers and solutions for all questions :-) Thanks again for your help and your great tool.

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2024.08.23 14:30
Thank you very much!
Brandon Thames
238
Brandon Thames 2024.07.12 19:14 
 

I originally just bought this to use as a news filter, but this is so much more than just a news filter. While I have not used any of the many other features this utility provides I did reach out to the author to implement a suggestion. Eric was quick to respond and deploy a solution that works for what I needed. Thank you Eric, top tier news filter (and so much more).

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2024.07.12 19:35
Many thanks for taking the time for a review! Glad to hear that you are happy with TaB. If you miss any feature, feel free to reach out :)
MartinRuslan-MQL
210
MartinRuslan-MQL 2024.04.17 17:39 
 

THis is my first EA purchase at MQL5 that: 1. The product are really good 2. The author is very supportive and always give a straight answer and help. Kudos for the author, keep up the great support, and looking forward for the next great product.

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2024.04.18 10:33
Thank you so much for taking the time for a review & sharing your feedback! :)
Andre Nas
258
Andre Nas 2023.12.18 01:01 
 

So I've been using this for almost a year now with phenomenal results. The amount of equity protection features are unmatched by any other out there that I could find and it's especially useful for prop firm trading. The simple fact that you can set max daily profit/loss by specific magic numbers is just one example of the attention to detail the author has given to this product. There are also constant updates from the author on an as needed basis and if you request help from him, he gets back to you in only a few hours.

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2023.12.18 11:47
Delighted to read about your positive long-term experience with TaB, Andre - many thanks for sharing! :)
Lau Ka Shun
576
Lau Ka Shun 2023.10.16 16:33 
 

A "MUST" have tools for my Prop Firm Challenge and I've passed both 2 Steps challenge on FTMO with TaB. The Support from author is great as well! Thank you Eric!

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2023.10.16 17:12
Many thanks for sharing your experience with TaB! I'm really happy to read that TaB has helped you in passing the challenge & wish you good profits in the future as well :)
Mar E
403
Mar E 2023.09.27 03:12 
 

After exchanging several conversations with the author, TaB now completes my risk management for my portfolio. Eric has been really helpful with the workarounds and even acknowledges a bug and fixes it the day after through an update!

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2023.09.27 08:28
Thanks so much! Always happy about happy users :)
iSlyDz
224
iSlyDz 2023.04.12 22:52 
 

This EA is really incredible and complete, it allows you to protect your account well, there are so many parameters that it becomes a must-have. The author is really available for any question and for the installation I really recommend

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2023.04.13 09:11
Many thanks! :)
Alesamo
1493
Alesamo 2023.04.08 08:33 
 

I bought TaB last week because internal news filters of some EAs with a specific URL do not work any more and developpers of these EAs don't give a s**t about it and didn't fix it immediately. So far I am very happy, TaB does exactly what I need! Can recommend!

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2023.04.11 13:54
Thank you! :)
handler47
29
handler47 2023.02.15 02:43 
 

Testing it right now, will update the review after a few days of testing, in any case we can underline that the tool is very complete, I don't know any other similar tool, it has everything that IceFx NewsInfo does not have.

Greetings to the developer!

Jekil
750
Jekil 2023.01.21 13:09 
 

Very good protector for all EA. Is necessary.

Nemesio Jr Reyes
274
Nemesio Jr Reyes 2022.11.18 18:50 
 

Amazing product this is better than IceFX.NewsInfo. Is it true that this EA can close all trades before the high-impact news? Are there any setfiles for the setting all close trade before high impact? or is it already included in the default configuration?

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2022.11.20 12:13
Thank you for your great review! :) Yes, TaB can close trades before high impact news. To achieve this, you need to set the option "Take action X minutes before/after news" to the desired value in minutes. Given the dynamic nature of TaB, there are no specific .set files. You need to configure TaB according to your needs. If you need help with it, just contact me.
Usama Zulfiqar
23
Usama Zulfiqar 2022.11.02 15:02 
 

Der Benutzer hat keinen Kommentar hinterlassen

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2022.11.02 15:37
Many thanks for the great review :) There are already plans to make the current daily limits configurable with the amount of days. That should also cover your feature request then :)
Adoyzke1229
194
Adoyzke1229 2022.10.12 17:08 
 

Der Benutzer hat keinen Kommentar hinterlassen

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2022.10.12 18:05
Thank you for your great review - glad you like it :)
christofort
364
christofort 2022.02.07 14:13 
 

Very professionnal tool ! A must have for all manual and automatic trader :) Five stars !

portkinov
288
portkinov 2021.11.28 18:52 
 

THIS SELLER IS TAKING CUSTOMER ADVICE SERIOUSLY, I'M STARTING TO LOVE THIS GUY.. THANKS A LOT MAN &lt;

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2021.11.28 18:55
Thank you very much for your review!
(And sorry that integrating your requests took a bit longer than expected :))
Wolfgang Rockert
2345
Wolfgang Rockert 2021.11.27 16:01 
 

TaB is a very helpful tool, i use it with my Portfolio and works very good... Also good Service...

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2021.11.28 11:35
Thank you very much, Wolfgang! Much appreciated :)
Susan Anne Thompson
499
Susan Anne Thompson 2021.10.21 15:58 
 

This EA 'TaB' is so very very useful - and powerful. It takes some time to get to know how to use it - but it's worth investing your time. Most of my time was spent 'testing' ie I said "do this then, or because..." - and every time I was happy with the outcome The seller himself, Eric, is absolutely brilliant - I have every confidence to keep using the EA, and the indicator - and to keep watching what Eric may deliver next. TaB is worth every dollar - even within a few days of use, it's paid for itself - and I sleep much better, and dare I say "I'm much more relaxed too!"

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2021.10.21 19:58
Susan, thank you very much for sharing your positive experience and for the kind words. Much appreciated!
Bazear Arayan
148
Bazear Arayan 2021.05.25 16:13 
 

The best Utility you can find for news filter and equity protection. If you have a profitable EA but doesn't have a news filter, never hesitate to buy this and pair it with your EA and you will never have to find another EA. Must buy!

Eric Emmrich
9615
Antwort vom Entwickler Eric Emmrich 2021.05.25 18:27
Thank you very much! Glad to hear that TaB works well for you, too :)
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