• Overview
  • Reviews (4)
  • Comments (1)
  • What's new

Take a Break Indicator

5
Please check the "What's new" tab regularly for a complete and up-to-date list of all improvements + parameters.

FREE indicator for my trading utility Take a Break.

This indicator allows you to manage multiple other EAs with just one Take a Break EA instance.

Simply specify the corresponding Chart Group in the indicator(s) and Take a Break EA settings and you are good to go. 


Setup example (Indicator + EA)

You want Take a Break to manage 3 other EAs: EA1 on EURUSD, EA2 on EURGBP, EA3 on GBPUSD.

  1. Download the indicator and the EA to your MetaTrader.
  2. Add the URL https://trading.custom-solutions.it to the list of allowed WebRequest URLs (press CTRL+O, tab "Expert Advisors")
  3. Attach the indicator to the EURUSD chart with EA1. Specify "EA1" as the Chart Group.
  4. Attach the indicator to the EURGBP chart with EA2. Specify "EA2" as the Chart Group.
  5. Attach the indicator to the GBPUSD chart with EA3. Specify "EA3" as the Chart Group.
  6. Open a blank, new chart (timeframe: M1) and attach the Take a Break EA to it.
    1. Enter "EA1,EA2,EA3" when asked for "Which Chart Groups should be managed?" in the "REQUIRED SETTINGS" section.
      [This section is unavailable in the demo version of the EA as Chart Groups are limited to "Default".]
    2. OPTIONAL: Specify the "Magic Numbers" of EA1, EA2 and EA3.
      By default, Take a Break will manage all trades (entire account). So in our example, Take a Break will manage all EURUSD, EURGBP and GBPUSD trades independent of their magic numbers.
      If you want only specific trades to be managed by Take a Break, enter their magic numbers like e.g. "1,2,3" ("0" for manual trades).

That's it! Take a Break will now take care of all your other EAs by applying the filter settings you defined.


Parameters (excerpt)

  • Recreate default templates?: Only applicable to "Template type to create" = "Trade IS allowed". If you use the default, auto-created templates for "Trading is NOT allowed" and "Profit/Loss Limit reached" and want them to use the latest settings of the "Trade IS allowed" template (e.g. after you changed the "Label Color"), you can recreate these template types by enabling this option. Note that this will overwrite the existing ones for this Chart Group. Thus, this option should not be enabled if you use custom templates for "Trading is NOT allowed" and "Profit/Loss Limit reached".


General information

  • EA version 4.0 has been a major performance upgrade with an almost entirely rewritten code base. This upgrade allows Take a Break to handle even large-scale chart setups while consuming a minimum amount of CPU power. From this version onward, the frequency of the news + time filter checks is controlled by the chart timeframe. Due to this, Take a Break EA must be run on a chart with timeframe M1 so that these checks get executed every minute. Conveniently, the EA will change its timeframe automatically if it was not attached to an M1 chart right away.  
  • From indicator version 1.30 onward, the chart templates for "Trading is NOT allowed" and "Profit/Loss Limit reached" are auto-created if they do not exist already. That should facilitate the setup process for most use cases of Take a Break. If you want to create custom chart templates (e.g. you want another EA to trade during news) or want to overwrite existing ones, do the following:
    • Setup a chart with all required EAs/indicators.
    • Attach the Take a Break indicator to this chart.
      Specify the corresponding "Chart Group".
      Select the "Template Type" you want to create/overwrite ("Trading IS allowed" / "Trading is NOT allowed" / "Profit/Loss Limit reached").


Feedback, improvements or enhancements are appreciated.

If you need any assistance, please contact me.

Reviews 4
portkinov
66
portkinov 2021.10.22 18:43 
 

AMAZING SELLER WITH AMAZING PRODUCT!! VERY VERY USEFULL AND COMMUNICATIVE SELLER.. GOOD JOB SIR!

Bazear Arayan
148
Bazear Arayan 2021.05.25 16:15 
 

A must pair for Take A Break Utility.

Valentin Butorin
4002
Valentin Butorin 2020.10.18 12:11 
 

Nice!

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Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this indicator can be explained in the next steps: Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %). If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low. High volatility means a great probability for a trending market, while low
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Carsten Pflug
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PipTick Supply Demand is the best indicator we have ever made. This great tool automatically draws a supply and demand zones which are the best places for opening and closing the positions. It has many advanced features such as multi timeframe zones support, displaying width of zones, alert notifications for retouched zones and much more. Because of principle of market fractality, this indicator can be used for any kind of trading. It does not matter whether you are positional, swing or intraday
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The Bollinger Band Volume Breakout Detector  technical indicator specially designs for the most popular  Bollinger Band Breakout Strategy . It is a trend following strategy. That popular strategy augmenting with Volume Data can avoid false signals. This is where “volume confirms price” comes in. Using this great indicator can easily identify at the same time price breakout and meaningful increase in volume. If volume does not “confirm” the price, then we wait for better signal. On the other hand
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Take a Break MT5
Eric Emmrich
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Please check the "What's new" tab regularly for a complete and up-to-date list of all improvements + parameters. 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 Account Equity, Balance or Margin is low. Only trade on spe
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Tax Buddy creates a simple trading report which you can send to your local tax authorities alongside your annual declaration. I've been using this kind of report for the German Finanzamt in order to declare my investment income ("Kapitalerträge") in a readily comprehensible manner. For testing purposes, the Demo version places random trades in the Strategy Tester on the symbol of your choice and creates a demo report for them. Conveniently, all reports are stored in the common path for all ter
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Tax Buddy creates a simple trading report which you can send to your local tax authorities alongside your annual declaration. I've been using this kind of report for the German Finanzamt in order to declare my investment income ("Kapitalerträge") in a readily comprehensible manner. For testing purposes, the Demo version places random trades in the Strategy Tester on the symbol of your choice and creates a demo report for them. Conveniently, all reports are stored in the common path for all ter
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Please check the "What's new" tab regularly for a complete and up-to-date list of all improvements + parameters. FREE indicator for my trading utility Take a Break . This indicator allows you to manage multiple other EAs with just one Take a Break EA instance. Simply specify the corresponding Chart Group in the indicator(s) and Take a Break EA settings and you are good to go.  Setup example (Indicator + EA) You want Take a Break to manage 3 other EAs: EA1 on EURUSD, EA2 on EURGBP, EA3 on GBP
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Take a Break FREE
Eric Emmrich
5 (2)
This is the demo version of my Expert Advisor " Take a Break ". All EA operations are limited to 1 symbol and Chart Group "Default". Please check the "What's new" tab regularly for a complete and up-to-date list of all improvements + parameters. 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
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This is the demo version of my Expert Advisor " Take a Break ". All EA operations are limited to 1 symbol and Chart Group "Default". Please check the "What's new" tab regularly for a complete and up-to-date list of all improvements + parameters. 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
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portkinov
66
portkinov 2021.10.22 18:43 
 

AMAZING SELLER WITH AMAZING PRODUCT!! VERY VERY USEFULL AND COMMUNICATIVE SELLER.. GOOD JOB SIR!

Bazear Arayan
148
Bazear Arayan 2021.05.25 16:15 
 

A must pair for Take A Break Utility.

Valentin Butorin
4002
Valentin Butorin 2020.10.18 12:11 
 

Nice!

jclemon2
126
jclemon2 2020.07.21 16:16 
 

Amazing product and amazing seller! Very Helpful!

Reply to review
Version 1.80 2021.10.11
I'm delighted to present you the most stable Take a Break version to date!

Following user feedback, I tweaked the EA and Indicator and tested the improvements for the past weeks 24/7 on a VPS with MT4 and MT5. Since then, I never got any errors like "Could not identify any symbols to manage." or broken template files anymore.

In order to make use of the stability improvements, please update the EA to version >= 5.20 and the Indicator to version >= 1.80.

I'd like to thank all users who contributed to this release and helped making Take a Break an even more stable trading utility.
Version 1.73 2021.09.18
Minor improvement: add a note about a short & simple Chart Group name to avoid problems.
Version 1.72 2021.01.25
Added parameters:
- "Draw News Lines on Chart": if set to "true" (default), displays the relevant news on each symbol's chart as well. Note that this option requires EA version >= 4.93.
- "Show Label": should you decide to "Draw News Lines on Chart", you may want to hide the label "Take a Break EA Settings" for a better overview.
Version 1.71 2021.01.18
Important bug fix release for all users that already updated to EA version 4.90 / Indicator version 1.70: templates created with these versions might not get loaded properly which caused Take a Break to stop its work entirely. This issue has now been fixed so I urge all users to update.

The good news is that no template data was lost. The bad news is that depending on your filter settings, not all of your charts might still be managed by Take a Break EA. So after the update, please check your chart setup(s) and make sure that all relevant charts still contain the Take a Break indicator. If it is missing, please add the indicator to the chart again - either manually or by applying the corresponding template: right-click on the chart, select "Templates -> Load Template", navigate to "MQL4\Files" (MT4) / "MQL5\Files" (MT5) and select the template to apply.

I apologize for any inconvenience caused!
Version 1.70 2021.01.16
New Year, New Updates - Happy New Year to all of you!

This version introduces a new template management mode for Take a Break which facilitates working with the created template files. Please restart your MetaTrader terminal after this update to take full advantage of it. On startup, your current template files will be migrated conveniently.

Also, you may want to clean up the old template files afterwards (as this cannot be done automatically due to file security restrictions in MetaTrader):

- right-click on a chart, select "Templates -> Remove Template" and remove all TaB* prefixed templates OR
- delete all TaB* prefixed files in "[TERMINAL_DATA_FOLDER]\Profiles\Templates\" (MT5) / "[TERMINAL_DATA_FOLDER]\templates\" (MT4) and restart your terminal again

Other improvements:
- Fixed a bug which caused the chart template type not to be recognized correctly. That mainly happened if another order management EA was used that interfered with Take a Break's work.
- Removed parameter "Save template file?". Template files are always saved now.
Version 1.60 2020.12.19
Added parameters:
- "Recreate default templates": if set to "true", the default chart templates for "Trading is NOT allowed" and "Profit/Loss Limit reached" are recreated/overwritten forcibly even if they exist already.
Version 1.50 2020.11.24
Improved handling of Global Variables.
Version 1.40 2020.10.02
Preparation for upcoming new major version 4.0 of the Take a Break EA. Make sure to update!
Version 1.30 2020.09.28
Setup made easy: Template Types for "Trading is NOT allowed" and "Profit/Loss Limit reached" are now auto-created if they do not exist already.

This should facilitate the setup process for most use cases of Take a Break. Of course, you can still overwrite these templates if you wish to create custom ones.

Next up is an update of the EA which fixes its high CPU usage on setups with many charts. This update will be released within the next few days.
Version 1.20 2020.08.26
- Improved indicator performance.
- Fixed a bug which caused freezing/unresponsive terminals after applying the indicator to a chart. This issue affected EAs with Graphical interfaces.
Version 1.10 2020.08.23
Added new parameter "Save template file": if set to "true" (default), the template file for the desired Chart Group will be saved and (re)created automatically every time the indicator is added to a chart. Thus, any changed EA settings will automatically be updated in the corresponding template as well.

If set to "false", no template file will be saved or created. In this case, you need to keep your template updated manually. The indicator will only act as an identifier for the EA then.