• Overview
  • Reviews (1)
  • Comments
  • What's new

Revenge Trading Protector MT 5

5

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.
  • 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.
  • 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).

If you need any more specialized/tailored features on the EA, feel free to contact me so we can arrange it. Or if you have any question/issue, feel free to contact me.

You can check my MQL profile for the full list of tools I provide.



Reviews 1
Matthew Phillip Clarke
316
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.

Recommended products
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
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
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
PZ Trend Trading MT5
PZ TRADING SLU
3.67 (3)
Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whipsawed Recognize profitable pullbacks, breakouts and early reversals The ind
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.
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
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
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,
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
Your Trend Friend
Luigi Nunes Labigalini
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
This innovative indicator for measuring the strength of currencies from INFINITY is an indispensable assistant for scalpers and traders trading for a long time. The system for analyzing the Strength / weakness of currencies has long been known and used in the market by the world's leading traders. Any arbitrage trading is not complete without this analysis. Our indicator easily determines the strength of the base currencies in relation to each other. It displays line charts for all or the curre
Atomic Analyst MT5
Issam Kassas
5 (12)
First of all Its worth emphasizing here that this Trading Indicator is   Non-Repainting ,   Non-Redrawing   and   Non-Lagging   Indicator, Which makes it ideal from both manual and robot trading.  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 an AI filter which help remove noises and false signals, and Increase Trading Potential. Using Multiple layers of complex Indicators, the Atomic Analyst
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
AW Workpad MT5
AW Trading Software Limited
5 (1)
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
Rainbow EA MT5
Jamal El Alama
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
Quick View
Xiaoyu Huang
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
Trade Condition Logger MT5
AbelPM Enterprises Pty Ltd
Trade Condition Logger is an essential utility for the Traders toolkit to assist with: Readily finding current swap and spread values. Identify changes in swap values and how often these fluctuate. Automatic logging of changes to swap values. Identify the best spreads over time. Quantify the highest spread values. Allow to assess the spread range over time. Information summary displayed on chart. Allows the Trader additional insight into trade conditions. With multiple broker accounts, these va
Profit or Loss Pad
Vladislav Andruschenko
4.55 (11)
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
Dynamic Trading Panel Discover precision in trading with our innovative trading panel: Equity-Based Lot Sizing : Automatically calculate lot sizes based on a user-set percentage of your account equity. Tailor your trades to your risk comfort zone. Intuitive Risk Management : If no stop loss is set, the position is opened using the set percentage as margin. If a stop loss is chosen, your potential loss is capped at the user-defined percentage, safeguarding your equity. Visual SL/TP Setting : Simp
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
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
| 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
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
The best time to trade Using this Indicator is when the time reach exactly hour,half,45 minutes,15 minutes and sometimes 5 minutes.. This indicators is helpful to those who trade boom and crash indecies.How to read this indicator first you'll see Blue allow and Red allow all these allows used to indicate or to detect the spike which will happen so the allow happens soon before the spike happen.This indicator works properly only in boom and crash trading thing which you have to consider when
Owl Smart Levels MT5
Sergey Ermolov
4.49 (37)
MT4 version  |   FAQ The Owl Smart Levels Indicator is a complete trading system within the one indicator that includes such popular market analysis tools as Bill Williams' advanced fractals , Valable ZigZag which builds the correct wave structure of the market, and Fibonacci levels which mark the exact levels of entry into the market and places to take profits. Detailed description of the strategy Instructions for working with the indicator Advisor-assistant in trading Owl Helper Private User
A huge number of traders use the VolumeProfile/MarketProfile analysis method. And I think there is no need to explain such concepts as POC and VAH/VAL. However, the standard VolumeProfile representation has a drawback - we only see the current picture of the market. We see the "convexity" of the volume distribution within the period. But we don't see the main thing - the "migration" of the POC level during the price movement. Our indicator is unique. It is dynamic. The first feature is that the
Trend Line Map Pro MT5
STE S.S.COMPANY
4.67 (9)
Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indica
Cumulative delta indicator As most traders believe, the price moves under the pressure of market buying or selling. When someone redeems an offer standing in the cup, the deal is a "buy". If someone pours into the bid standing in the cup - the deal goes with the direction of "sale". The delta is the difference between purchases and sales. A cumulative delta - the difference between the cumulative sum of purchases and sales for a certain period of time. It allows you to see who is currently contr
The Trade Tracker Library is used to automatically detect and display trade levels on custom charts. It is an especially useful add-on for EAs that trade on custom charts in MT5. With the use of this library, the EA users can see trades as they are placed via the EA (Entry, SL & TP levels) in real-time. The header file and two examples of EA skeleton files are attached in the comments section (first comment). The library will automatically detect the tradable symbol for the following custom
The Riko Trend indicator is a revolutionary trend trading and filtering solution with all the important features of a trend tool built into one tool! The Riko Trend indicator is good for any trader, suitable for any trader for both forex and binary options. You don’t need to configure anything, everything is perfected by time and experience, it works great during a flat and in a trend. The Riko Trend indicator is a technical analysis tool for financial markets that reflects the current price
Buyers of this product also purchase
Trade Assistant MT5
Evgeniy Kravchenko
4.4 (172)
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
Forex Trade Manager MT5
InvestSoft
4.98 (418)
Do you think that in markets where the price can change in a split second, placing orders should be as simple as possible? In Metatrader, each time you want to open an order, you have to open a window where you enter the opening price, stop loss and take profit, as well as the trade size. In trading the financial markets, capital management is essential to maintain your initial deposit and multiply it. So, when you want to place an order, you probably wonder how big a trade you should open? Wha
Local Trade Copier EA MT5
Juvenille Emperor Limited
5 (63)
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
TradePanel MT5
Alfiya Fazylova
4.86 (114)
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 buying, you can test the demo version on a demo account. Demo version here . Full instruction here . The application is designed as a set of interconnected panels: Panel for Trade. Designed to perform basic trading operations: Opening pending orders and positions. Closing pending orders and positions. Reversal of positions
Trade Manager DaneTrades
DaneTrades Ltd
4.82 (22)
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
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;
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
Mentfx Mmanage mt5
Anton Jere Calmes
4.43 (7)
The added video will showcase all functionality, effectiveness, and uses of the trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool calculates al
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
Trade Dashboard MT5
Fatemeh Ameri
5 (26)
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   deta
-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
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
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-u
OrderManager MT5
Lukas Roth
4.88 (16)
Introducing the Order Manager : A Revolutionary Utility for MT5 Manage your trades like a pro with the all-new Order Manager utility for MetaTrader 5. Designed with simplicity and ease-of-use in mind, the Order Manager allows you to effortlessly define and visualize the risk associated with each trade, enabling you to make informed decisions and optimize your trading strategy. For more information about the OrderManager, please refear to the manual. [ Demo ]  [ Manual ]  [ MT4 Version ]  [ Teleg
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
Trade Assistant 38 in 1
Makarii Gubaydullin
4.87 (15)
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
Easy Strategy Builder 5
Gheis Mohammadi
5 (4)
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
-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt5 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert -  Risk reward indicator mt5 Video tutorials, manuals, DEMO download   here .   Find contacts on my   profile . 1.   Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extend
Ultimate Trailing Stop EA MT5
BLAKE STEVEN RODGER
4.57 (7)
This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close.  Moreover, you can add (overri
The UTM Trade Manager is a powerful, yet intuitive trading tool offering fast, efficient trade execution and advanced features such as the "Ignore Spread" mode and a built-in local trade copier, and others. Designed to simplify your trading operations, it provides a user-friendly graphical interface and on-chart controls for seamless management. Key Features: Trade Execution: Enter trades easily with one-click by defining the entry and stop loss prices on the chart. The system automatically calc
Bots Builder Pro MT5
Andrey Barinov
4.75 (4)
This is exactly what the name says. Visual strategy builder . One of a kind. Turn your trading strategies and ideas into Expert Advisors without writing single line of code. Generate mql source code files with a few clicks and get your fully functional Expert Advisors, which are ready for live execution, strategy tester and cloud optimization. There are very few options for those who have no programming skills and can not create their trading solutions in the MQL language. Now, with Bots Build
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.
DrawDown Limiter
Haidar, Lionel Haj Ali
5 (17)
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
Exp COPYLOT CLIENT for MT5
Vladislav Andruschenko
3.76 (17)
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
Adam FTMO MT5
Vyacheslav Izvarin
5 (1)
ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------
MT5 To Notion
DaneTrades Ltd
5 (2)
This program will allow you to export all of your trades from your MetaTrader account straight into Notion using a very friendly User Interface.  MT4 Version  |  User Guide + Demo To get started please use the User Guide and download the Notion Template. If you want a Demo please go to the User Guide. Does not work in the strategy tester! Main Features Export All trades from your trading account into your Notion Export Running Trades and Pending orders into Notion and update them Create template
Introducing TradingBoost AI : Revolutionize your trading experience with TradingBoost AI, an innovative software utility seamlessly integrated into the MetaTrader platform. Leveraging the cutting-edge capabilities of OpenAI and ChatGPT technologies, TradingBoost AI empowers traders with advanced analytics, real-time insights, and predictive tools to enhance decision-making and optimize trading strategies. Experience the future of trading with TradingBoost AI - where artificial intelligence meets
Averager FULL
Vladislav Andruschenko
4.9 (10)
Exp-Averager  is designed to Average your trades that have received a certain drawdown by opening averaging trades. The adviser can open additional positions on the trend and against the trend! Includes an average trailing stop for a series of positions! They are increasing and decreasing the lot. A popular strategy for bringing unprofitable positions to the average Price.        MT4 version Full Description +DEMO +PDF   How To Buy    How To Install       How to get Log Files     How To T
MT5 To Discord Sender
DaneTrades Ltd
5 (1)
Send fully customizable signals from MT5 to Discord 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 |  Telegram Version If you want to try a demo please go to the User Guide. The MT5 To   Discord   Sender does NOT work in the strategy tester. MT5 To   Discord   Features Fully Customise signal to your preference with a hu
Grid Manual MT5
Alfiya Fazylova
4.83 (12)
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
More from author
Drawdown Protector MT4
Konstantinos Kalaitzidis
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, it
Drawdown Protector
Konstantinos Kalaitzidis
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 n
Scalping Scale in
Konstantinos Kalaitzidis
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
Trade Notifications
Konstantinos Kalaitzidis
"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, y
FREE
News Filter Protector
Konstantinos Kalaitzidis
5 (1)
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
Revenge Trading Protector
Konstantinos Kalaitzidis
5 (1)
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
The "Candlestick Patterns Trade Panel" is the ultimate tool for traders who trade with Candlestick 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 appears
Anti Grid Position Protector
Konstantinos Kalaitzidis
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
Filter:
Matthew Phillip Clarke
316
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.

Konstantinos Kalaitzidis
763
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🙂
Reply to review
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