Take a Break Indicator

4.83

Take a Break Indicator gives any chart its own protection rules: pause before news, stop after a daily loss, trade only during your hours, or pause when your own indicator condition is true. News filter, drawdown protection, time filter and custom indicator rules per chart. It is the free companion of the Take a Break EA, which does the pausing for the whole account.

Rules you can set per chart

  • Custom indicator rules (MetaTrader 5): put any indicator on the chart and write a condition. RSI>70, Close<MA(200), ADX<20, or MySignal[1]>0 from your own indicator. Combine with AND / OR. Pause new trades, close BUY or close SELL. If you can code it as an indicator, Take a Break can act on it.
  • News filter: pause windows per impact level, "before,after" in minutes, "day" for the whole day, special events by name. Currencies are detected from the chart symbol, also for gold, indices and stocks.
  • Profit and loss limits: in money or percent, a soft level that pauses new trades first, a cooldown after trades were closed.
  • Trading times: trading hours per weekday, close trades outside those hours, maximum trade duration.
  • Market filters: maximum spread, volatility, daily change.
  • Order limits: maximum open orders, maximum total lots.
  • Trade scope: which trades count for this chart: additional symbols, magic numbers, comments, order types.
  • Info panel: current state, next news event with countdown, pause reason. Compact mode available.
  • AI assess buttons: a verdict on a trade idea before you enter.

Setup

  • Run the Take a Break EA (or the free demo) on any M1 chart. The URL https://trading.custom-solutions.it must be in the allowed WebRequest list (CTRL+O, tab Expert Advisors).
  • Add the indicator to every chart that should have its own rules.
  • Set the rules in the indicator's settings. Done. The chart is protected by its own rules on top of the EA's account protection.

Good to know

Questions? Ask the Support Assistant at trading.custom-solutions.it/support (24/7) or contact me.

Reviews 8
Farid Yandouz
505
Farid Yandouz 2024.10.02 16:18 

Great tool and great support from Eric !

Wolfgang Rockert
2457
Wolfgang Rockert 2023.02.11 14:43 

Perfect tool

portkinov
287
portkinov 2021.10.22 18:43 

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

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Eric Emmrich
4.76 (25)
Take a Break pauses your Expert Advisors when trading is a bad idea: before news, after a daily loss, outside your trading hours, or when a rule you wrote yourself says so. When the pause is over, your EAs simply continue. Account protection for all your EAs in one tool: news filter, drawdown and equity protection, time filter and custom rules. One EA on one chart protects the whole account, the free indicator gives every chart its own rules on top. Free demo | What is new in 26.09 | Support Ass
Tax Buddy MT5
Eric Emmrich
5 (5)
Tax Buddy creates a simple, sortable 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 capital gains ("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 al
Take a Break Indicator gives any chart its own protection rules: pause before news, stop after a daily loss, trade only during your hours, or pause when your own indicator condition is true. News filter, drawdown protection, time filter and custom indicator rules per chart. It is the free companion of the Take a Break EA, which does the pausing for the whole account. Rules you can set per chart Custom indicator rules (MetaTrader 5): put any indicator on the chart and write a condition. RSI>70 ,
FREE
Take a Break FREE is the free version of Take a Break , the account protection and risk management tool for all your Expert Advisors. It pauses your EAs before news, after a daily loss or when your own rules say so, and lets them continue when the pause is over. What the free version does Daily loss brake: a fixed limit of -5% per day is always active (reset at 00:00 server time). When it triggers, one chart pauses. News filter for one chart symbol: pause before and after scheduled releases, cur
FREE
Take a Break FREE
Eric Emmrich
5 (6)
Take a Break FREE is the free version of Take a Break , the account protection and risk management tool for all your Expert Advisors. It pauses your EAs before news, after a daily loss or when your own rules say so, and lets them continue when the pause is over. What the free version does Daily loss brake: a fixed limit of -5% per day is always active (reset at 00:00 server time). When it triggers, one chart pauses. News filter for one chart symbol: pause before and after scheduled releases, cur
FREE
Tax Buddy
Eric Emmrich
5 (3)
Tax Buddy creates a simple, sortable 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 capital gains ("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 al
Never miss a trading opportunity again and stay up-to-date with latest market developments even while on the go - welcome to The Notifier . No need to watch your charts all day: receive real-time alerts from all your favorite indicators - by push notifications and on-screen alerts. This tool notifies you on every every new (indicator) high/low, or also regularly with just  a summary of the total highs/lows within the last X minutes. It also comes with its own built-in notifications that can be
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johnny7777
167
johnny7777 2024.10.21 00:08 

i love it.

Farid Yandouz
505
Farid Yandouz 2024.10.02 16:18 

Great tool and great support from Eric !

jotjot
302
jotjot 2024.05.09 16:53 

User didn't leave any comment to the rating

Wolfgang Rockert
2457
Wolfgang Rockert 2023.02.11 14:43 

Perfect tool

portkinov
287
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
4146
Valentin Butorin 2020.10.18 12:11 

User didn't leave any comment to the rating

jclemon2
131
jclemon2 2020.07.21 16:16 

Amazing product and amazing seller! Very Helpful!

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