Cooldown After Loss MT5

Stop revenge trading. After the number of losing trades in a row you choose, Cooldown After Loss pauses your trading for the minutes you choose, or until tomorrow. A new trade opened during the pause is closed at once.

After two or three losses in a row, most traders do the same thing: they open the next trade too fast, too big, to win the money back. That is how a small loss becomes a big one. This EA forces the break that you know you should take.

HOW IT WORKS

  1. Attach the EA to any one chart. Choose how many losing trades in a row start the pause, and how long the pause is.
  2. Every second it reads today's trade history and counts your losses in a row. A winning trade resets the count.
  3. When the limit is reached, trading is paused. You get one alert.
  4. During the pause, a new trade is closed at once and pending orders are deleted.
  5. When the pause ends, trading is allowed again and the count starts from zero.

FEATURES

  • 1 to 50 losing trades in a row start the pause.
  • Pause in minutes, or until tomorrow (the day starts at the server hour you choose).
  • Count a loss only if it is bigger than an amount you set, so very small losses are ignored.
  • Pause the whole account, or only the symbol that lost.
  • All trades, manual trades only, or the trades of one EA (magic number).
  • Optional: also close the trades that were already open when the pause starts.
  • One alert per pause: popup and push notification to your phone.
  • Calculated from the trade history, so it keeps working after a restart of MetaTrader.

THE PANEL ON THE CHART

  • Status: TRADING ALLOWED, or PAUSED with the time trading opens again and a countdown.
  • Losses in a row, for example 1 / 2. It turns amber when one more loss starts the pause.
  • Trades today, with won and lost trades.
  • Your rule, in one line.

INSTALLATION

  1. Drag Cooldown After Loss MT5 onto any one chart (any symbol, any timeframe). One chart covers the whole account.
  2. In the Common tab, tick "Allow Algo Trading", and make sure the Algo Trading button is on.
  3. In the Inputs tab, choose the losing trades in a row and the pause. Click OK.

NOTES

  • A new day starts from zero. A trade closed during the pause does not start a new count.
  • The EA works only while MetaTrader 5 is running and connected. Use a VPS for full protection.
  • The EA never opens trades. It only closes positions and deletes pending orders.
  • Free tools from the same author: Daily Loss Limit Lock MT5, Max Trades Per Day MT5 and Margin Level Protector MT5. Also: Equity Target Closer MT5 and Prop Firm Rules Guard MT5.

Questions or ideas? Send me a private message on MQL5. If the EA helps you, a short review is very welcome.

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Abdul Jalil
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RETAILBERG FOOTPRINT CHART PRO — Order-Flow Workspace for MetaTrader 5 Version 7.00  |  Professional System  |  31 tools  |  One chart A full 150-page illustrated User Manual is included. Please read the full manual to understand this feature packed footprint chart elements and ui. https://www.mql5.com/en/blogs/post/777982 DEMO / STRATEGY TESTER — PLEASE READ FIRST
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" Trader Evolution " - A utility designed for traders who use wave and technical analysis in their work. One tab of the utility is capable of money management and opening orders, and the other can help in making Elliott wave and technical analysis. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Trading in a few clicks. Immediate and pending orders are available in the panel 2. Money management. The program automatically selects the appropriate lot size 3. Simplifies
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DrawDown Limiter v5.0 — Advanced Account Protection Controller DrawDown Limiter v5.0 is a client-side account protection controller designed to supervise your trading account and automatically react when configured risk, profit, news, schedule, rollover, or position limits are reached. It can monitor manual trades, automated strategies, multiple Expert Advisors, pending orders and floating positions from one dedicated chart. It can protect the complete account or be configured to supervise a spe
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RS Trade Copier - the ultra-fast local trade copier with a real graphical interface. Stop typing account numbers manually. No more 200+ cryptic inputs. A reliable and flexible tool for copying trading operations between multiple MT5 and MT4 terminals. It suits experienced traders, signal providers, and individual investors. It enables trade synchronization from one or multiple Providers to one or multiple Clients with high precision and minimal latency. It supports simple automatic configuration
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Fatemeh Ameri
4.94 (135)
Utilities
Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include
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On-Chart Trade Assistant & Risk Management Panel Ergotick Trade Manager gives you a complete set of trading tools directly on your MetaTrader 5 chart: a trade panel with lot size calculator, visual R:R tool, and daily loss limit protection; a separate statistics panel that tracks your performance and past trades; and an economic calendar you can toggle with one click. Built for scalpers, day traders, and prop firm traders. Ergotick Trade Manager is fast , light on resources , and stable , so it
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