Revenge Trading Protector MT5

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

Drawdown protector is used to manage your desired Max Daily Drawdown. You set the Hours you want the EA to not allow new trades after X% drawdown is hit. Or you just select "Yes" on the "Block trades until next day?" and the EA enables trading at midnight after the X% daily drawdown is reached. Make sure you Enable "Algo trading" from both "Common" tab on the EA settings, AND from the top side of the MT5 terminal. (The EA on the top right of the chart should have a blue hat, not grey) It's an ef

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