DuoFX Trading Psychology MT4

You know the trade. The one right after a loss, bigger than it should be, taken to win it back.

User guide and articles: User guide, How to stop revenge trading in MT5, Overtrading and daily loss limits, Tilt and FOMO in trading, Trader burnout and exhaustion.

DuoFX Trading Psychology sees it the moment it happens, on your desktop or from your phone, and tells you in plain words: "New trade 4 min after a loss, lots up 2x". Revenge trading, overtrading, a losing streak, the daily loss limit, a trade with no stop loss, a trade outside the hours you planned: it watches every trade on your account and speaks up while there is still time to stop.

No pop-ups to click through and no lectures. Just an honest signal when your trading stops following your plan, for traders who know their rules and want help keeping them on a bad day.

Why it is free

We trade too, and we know how it feels at the end of a bad day: tired, frustrated, tempted to win it back. Mental health and exhaustion are part of trading that nobody talks about. This tool is our contribution, free now and free for good.

What it watches

  • Revenge trading: a new trade within 15 minutes (your choice) after a losing trade closes.
  • Size up after a loss: bigger lots than the losing trade before it, on the same symbol and magic number.
  • Overtrading: more trades in a day than your trading plan allows (default 5), with your own day start hour.
  • Losing streak: a number of losses in a row (default 3), with a warning one loss before.
  • Daily loss limit: the day's loss, open trades included, against a percentage of the balance at the start of the day (default 3%), with a warning at 75%.
  • Stop loss discipline: a trade that still has no stop loss after a short grace time (default 60 seconds), so a stop you add right after the fill is never flagged.
  • Trading plan hours: a trade opened outside the sessions you planned (off by default).

The discipline meter

A small panel shows one word, Calm, Warning or Tilt, and the reason in plain words, for example "2nd trade 4 min after a loss, lots up 2x". Below it are today's counters (trades against your plan, losses in a row, day P/L against your daily loss limit, the last loss and the time left in the revenge window) and a short list of today's flagged events. It follows the chart's light or dark colours, folds its sections, minimises to a one-line bar, can be dragged anywhere and fits small charts. Every line has a tooltip that explains it.

Alerts that never block you

An on-chart notice appears at the top of the chart and closes by itself or on a click. Sound, push notifications to your phone and email are each optional, and are rate limited so several flags arrive as one message. There is no pop-up box to click away, and nothing stops the terminal. Telegram and Discord alerts with the free DuoFX Alert Relay.

An optional cooldown, chosen while you are calm

FOMO and tilt are hardest to see from the inside. If you want a firmer rule, switch the cooldown on in the inputs or on the panel before you trade. After a losing streak, the daily loss limit or a revenge trade it starts a break of the minutes you set, or until the next trading day. During it, choose one of two modes:

  • Warn only (the default when on): every new trade is flagged.
  • Close new trades: a trade opened during the cooldown is closed at once. Only trades within your chosen scope, and only trades opened after the cooldown began. Trades that were open when it started are never touched. Closing a trade costs its spread and any commission already paid, so this mode does not save money on that trade; it stops a tilted session from growing.

A countdown shows the time left, and an "End cooldown" button ends it early after a second click to confirm.

It sees phone trades too

MetaTrader cannot stop a trade being placed, and a trade from the phone app or the web terminal never passes through a desktop window. An Expert Advisor still sees every position on the account while the terminal runs, so attach it once in a terminal that stays on (a VPS works well) and it watches trades from every device.

Use cases

  • Day traders and scalpers on gold (XAUUSD), indices and forex who want a daily loss limit and a trade count that speak up in time.
  • Traders working on revenge trading, FOMO or emotional trading after a loss.
  • Anyone building a trading routine: a written trading plan, fixed hours, a stop loss on every trade.
  • Traders who notice burnout and exhaustion and want a clear signal to step away for the day.

FAQ

  • Can it stop me from opening a trade? No tool can block a trade in MetaTrader. It tells you at once, and with the close mode of the cooldown it closes a new trade within a few seconds.
  • Does it trade? It never opens or changes a trade. It closes a trade only in the cooldown's close mode, which is off by default.
  • Which trades does it count? You choose: manual trades only (magic 0, which includes phone and web trades), all trades, or a list of magic numbers; all symbols or only the chart's symbol.
  • What happens after a restart? Today's flags, what was already alerted and a running cooldown are kept, and the counters are rebuilt from the account history, so nothing is alerted twice.
  • Several charts? One chart per account and scope sends the alerts and runs the cooldown; other charts show the same panel.
  • Netting or hedging accounts? Both. Partial closes count as one trade on hedging accounts (and on MT4, where a partial close creates a new ticket).
  • Does it need to stay open? Yes. No Expert Advisor can watch an account while the terminal is closed.
  • Is this risk management or mental health advice? Neither. It is a trading discipline tool that reads your trades. It cannot judge how you feel, and it does not promise results.
  • Strategy Tester? It runs and watches the tester's own trades. Panel clicks do not work in the tester, so use the inputs there.
  • MT4 or MT5? Both, with the same features.

Settings

  • What to watch: symbols (all or this chart), trades (manual, all, listed magic numbers), magic numbers, trading day start hour.
  • Behaviour checks: revenge window, size up after a loss, max trades a day, losing streak, daily loss limit %, stop loss check and grace seconds, planned hours on or off and the hours.
  • Cooldown after tilt: off, warn only or close new trades; length in minutes or until the next day; minutes; max slippage for the close mode.
  • Alerts: warnings and tilt or tilt only, on-chart notice and its seconds, sound and sound file, push, email, Send to DuoFX Alert Relay (off by default), the seconds between combined alerts.
  • Panel: corner, offsets, theme, font, font size, start minimised, number of flagged events shown.

Available for MetaTrader 4 and MetaTrader 5.

Disclaimer: Trading carries a high risk of loss. This utility is a trading discipline tool for educational and informational purposes only. It is not financial advice and not medical or psychological advice, it cannot prevent losses or block trades, and it does not guarantee results. If stress from trading feels serious, talk to someone you trust or a professional.

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Trading History - A program for trading and money management on the history of quotes in stratagy tester. It can work with pending and immediate orders, and is equipped with trailing stop, breakeven and take profit functions. Very good for training and testing different strategies. Manual (Be sure to read before purchasing) Advantages 1. Allows you to test any trading strategy in the shortest possible time 2. An excellent simulator for trading training. You can gain months of trading experience
CloseIfProfitorLoss with Trailing
Vladislav Andruschenko
4.88 (32)
Close If Profit or Loss with Trailing for MetaTrader 4 — automatic closing by total profit or loss A reliable trade-management utility for MetaTrader 4 that automatically closes positions when the total profit or total loss reaches the level you set. The Expert Advisor monitors open trades, calculates floating profit and loss, can trail profit, and helps close positions faster than manual reaction. MetaTrader 4 is still used by many manual traders, grid traders, scalpers, and Expert Advisor use
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AW Trading Software Limited
4.92 (13)
AW Shepherd Safety EA is an Expert Advisor for managing open positions. The trader opens the first order from the panel, and from there the EA runs the basket on its own: it adds recovery orders with a trend filter, closes a side on TakeProfit, trailing or stop, and shows the close levels on the chart. Buys and sells are managed separately, and both sides can be open at the same time. A recovery order opens not just on a price step but once Parabolic SAR, two MAs or candle color show a reversal
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Makarii Gubaydullin
4.76 (21)
Multifunctional tool: Lot Calculator, Grid Orders, R/R ratio, Trade Manager, Supply and Demand zones, Price Action and much more Demo version   |   User manual Trade Assistant   doesn't work in the strategy tester: you can download the Demo Version HERE  to test the utility . Contact me for any questions  / ideas for improvement / in case of a bug found If you need a MT5 version, it is available   here Simplify, speed up and automate your trading process . Expand the standard terminal capabilit
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Boris Sedov
5 (1)
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 MT4 and MT5 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
Telegram to MT4 Multi-Channel Copier   automatically copies trading signals from your Telegram and Discord channels straight to MetaTrader 4. No bots, no browser extensions, no manual copying. A signal arrives in Telegram or Discord and the EA opens the trade in your terminal within seconds. And before you copy a channel, the built-in backtester shows you what that channel would have done in your account. The product has two components: a Windows application that listens to your Telegram channel
Rhino Chart Drawing Tools provides a TradingView-style drawing workflow for MetaTrader 4. It includes 54 drawing tools , a customizable toolbar, Favorites, quick styling, object settings, templates and an object manager. User manual: How to use the product Free demo version: Download the demo MetaTrader 5 version: Rhino Drawing Tools for MT5 Drawing Tools Group Object List Lines Trend line, ray, extended line, horizontal line, vertical line, horizontal ray, cross line, trend angle, arrow, path
MT4 to Telegram Signal Provider   turns your trading account into a signal provider. Every trade action, whether manual, by EA or from your phone, is instantly sent as a message to Telegram. You can fully customize the format or use a ready-made template for quick setup. [ Demo ] [ Manual ] [ MT5 Version ] [ Discord Version ]  New: [ Telegram To MT5 ] Setup A step by step user guide is available. Key Features Ability to customize order details sent to subscribers You can create a tiered subs
Multi Account Local Trade Copier is a fast local trade copier for MetaTrader: copy trades between MT4/MT5 terminals running on the same Windows PC or VPS, from one master account to multiple receiver accounts — your own real, demo and prop firm accounts, at the same broker or at different ones. It is event-driven : the master publishes every trade the instant it happens, and the receiver measures and logs the real copy latency of every single trade — typically 50-150 ms . No DLLs, no internet br
Equity Protect Pro: Your Comprehensive Account Protection Expert for Worry-Free Trading If you're looking for features like account protection, equity protection, portfolio protection, multi-strategy protection, profit protection, profit harvesting, trading security, risk control programs, automatic risk control, automatic liquidation, conditional liquidation, scheduled liquidation, dynamic liquidation, trailing stop loss, one-click close, one-click liquidation, and one-click restore, Equity P
Magnifier Ruler Crosshair
Taras Slobodyanik
5 (2)
The indicator has three main tools: Magnifier (Zoom chart), Ruler  ( Time and Price scales ),   and Crosshair. You can move it all around with your mouse and customize different formats for  displaying , customize   size and color of each element. The Magnifier (zoom chart) allows you to display candles from any time frame and at different scales. Hotkeys: 'Q' - higher timeframe, 'A' - lower timeframe, 'W' - decrease candle size, 'S' - increase candle size, 'Z' - show/hide zoom chart You can
Automatic Trailing Stop Based on Take Profit Percentage with Profit Lock EA MT4   Lock in your profits and "let your winners run" past your 100% take profit target with this EA.  This Expert Advisor automatically adjusts your Stop Loss based on up to 4 user-defined Take Profit Target Percentages, locking in your profit.  If price pushes past your 100% take profit target, the EA will automatically trail the price by user-defined pips, so you won't miss that runaway train again.   EA Features The
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Get your DuoFX indicator alerts on Telegram and Discord, with a chart screenshot, without staring at the terminal. Free, for DuoFX products only This relay forwards alerts from DuoFX indicators and tools that have the "Send to DuoFX Alert Relay" option. It does not forward alerts from other indicators or Expert Advisors. Supported today: DuoFX Divergence Scanner (version 1.3 and later and DuoFX Currency Strength Meter 1.1 and later). More DuoFX tools get the option in their next updates; the cur
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Dragos Mihai Ofrim
Stack trades like a pro. Manage them like one trade. User guide and articles Stack Manager user manual How to average into a trade with one stop How to pyramid into a winner and move to breakeven You scale in: averaging at better prices, or stacking into a winner. Three, five, ten entries on the same market. Then the busywork starts: copy the stop to the new trade, fix the take profit, drag ten lines when you move the stop, and guess what the whole stack really risks. Stack Manager does all of i
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Backtest with a news filter. Keep your Expert Advisor out of FOMC, CPI and Nonfarm Payrolls (NFP), live, in the Strategy Tester and in the optimizer. User guide and articles News Filter Library user guide: install, header, full API and sample EA How to backtest your EA with a news filter Your news filter is an hour off: broker server time and the DST gap weeks Needs coding: a library for MQL5 and MQL4 developers. It has no panel, does not trade and does nothing on its own: your EA calls it. MT5'
Get your DuoFX indicator alerts on Telegram and Discord, with a chart screenshot, without staring at the terminal. Free, for DuoFX products only This relay forwards alerts from DuoFX indicators and tools that have the "Send to DuoFX Alert Relay" option. It does not forward alerts from other indicators or Expert Advisors. Supported today: DuoFX Divergence Scanner (version 1.3 and later and DuoFX Currency Strength Meter 1.1 and later). More DuoFX tools get the option in their next updates; the cur
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Send alerts from ANY indicator, ANY Expert Advisor and your own price lines to Telegram, Discord, your phone and email, with a chart screenshot. No coding. MetaTrader can beep and pop up a box. It cannot send an indicator's arrow to your Telegram group, post your EA's trades to a Discord channel, or tell you on your phone that price touched the line you drew. DuoFX Alert Relay Pro does all of that from one Expert Advisor on one chart, for every chart in the terminal. It is an alert tool and noth
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5 (3)
Draw once. See it on every chart and every timeframe. User guide and articles Chart Sync user manual How to sync drawings across timeframes and charts How to sync the crosshair, scroll and zoom across charts Multi-timeframe analysis on gold (XAUUSD): draw once on H4, trade on M15 Keep your drawings through templates, profiles and restarts You mark a level on H4, flick to M15, then H1, then the daily, and draw the same line again on each. Or you open four gold charts and want the same support, th
Stack Manager
Dragos Mihai Ofrim
Stack trades like a pro. Manage them like one trade. User guide and articles Stack Manager user manual How to average into a trade with one stop How to pyramid into a winner and move to breakeven You scale in: averaging at better prices, or stacking into a winner. Three, five, ten entries on the same market. Then the busywork starts: copy the stop to the new trade, fix the take profit, drag ten lines when you move the stop, and guess what the whole stack really risks. Stack Manager does all of i
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Backtest with a news filter. Keep your Expert Advisor out of FOMC, CPI and Nonfarm Payrolls (NFP), live, in the Strategy Tester and in the optimizer. User guide and articles News Filter Library user guide: install, header, full API and sample EA How to backtest your EA with a news filter Your news filter is an hour off: broker server time and the DST gap weeks Needs coding: a library for MQL5 and MQL4 developers. It has no panel, does not trade and does nothing on its own: your EA calls it. MT5'
Send alerts from ANY indicator, ANY Expert Advisor and your own price lines to Telegram, Discord, your phone and email, with a chart screenshot. No coding. MetaTrader can beep and pop up a box. It cannot send an indicator's arrow to your Telegram group, post your EA's trades to a Discord channel, or tell you on your phone that price touched the line you drew. DuoFX Alert Relay Pro does all of that from one Expert Advisor on one chart, for every chart in the terminal. It is an alert tool and noth
You know the trade. The one right after a loss, bigger than it should be, taken to win it back. User guide and articles: User guide , How to stop revenge trading in MT5 , Overtrading and daily loss limits , Tilt and FOMO in trading , Trader burnout and exhaustion . DuoFX Trading Psychology sees it the moment it happens, on your desktop or from your phone, and tells you in plain words: "New trade 4 min after a loss, lots up 2x". Revenge trading, overtrading, a losing streak, the daily loss limit,
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