OverTrading Blocker
- Utilitaires
- Version: 2.0
Auto-Shutdown MT5 Terminal - Saves you from Over-Trading by automatically closing MT5 Termial when daily loss limits are breached
Love it? Hate it? Let me know in a review! Feature requests and ideas for new tools are highly appreciated. :)
| Try "The AUDCAD Trader": https://www.mql5.com/en/market/product/151841 |
🛡️ Your Automated Discipline Enforcer
"I'll just make back what I lost..."
"One more trade to break even..."
"I can't end the day red..."
Sound familiar? These thoughts have destroyed more accounts than any market crash. When emotions take over, discipline disappears.
"Rule number one: Never lose money. Rule number two: Don't forget rule number one." - Warren Buffett
⚠️ We strongly advise you to test this system extensively on a demo account to verify its operation and settings. Ping me, if you have more ques.
⚠️ If limit is 100$, due to latency and delay of your terminal it may close it at 110$ during high volatility. But goal is to save you from revenge-trading!
🛡️ Dashboard Colors
- 🟢 Green (0-50%): Safe zone
- 🟡 Yellow (50-80%): Warning - consider stopping
- 🔴 Red (80-100%): Emergency shutdown imminent
| |
|
|---|---|
⚡How It Saves Your Account |
|
🛡️ Quick Setup Guide
Installation (2 Minutes)
- Download and place in MT5 Experts folder
- Drag to any chart and enable automated trading
- Dashboard appears instantly
Essential Settings
Max Daily Loss: Set YOUR limit (e.g., $100 for $5000 account)
Close Positions: YES (stops revenge trading)
Close Terminal: YES (forces discipline)
Shutdown Delay: 20 seconds (cooling-off period)
Account Size Recommendations:
- $1,000 account → $30-50 daily limit (3-5%)
- $5,000 account → $100-150 daily limit
- $10,000 account → $200-300 daily limit
🛡️ Your Last Line of Defense
When your emotions scream "just one more trade," this utility whispers "enough for today."
⚠️ Reality Check: This won't make you rich, but it can prevent you from going broke.
💡 Pro Insight: Every successful trader automates their discipline. Now you can too.
🎯 Bottom Line: Small cost. Massive protection. Your account will thank you.
For day traders, scalpers, and professional forex traders engaged in manual trading or prop trading, this MT5 utility serves as an essential risk management tool that enforces trading discipline through robust account protection. By implementing a strict daily loss limit, this expert advisor provides comprehensive loss prevention and account safety, functioning as both a sophisticated profit loss tracker and real-time risk control dashboard. The system directly addresses critical trading psychology challenges by preventing revenge trading and emotional trading through its automated position closer and emergency shutdown features. As a vital stop loss utility and risk indicator, it offers continuous account monitoring with an advanced alert system, ensuring capital preservation and drawdown protection. This trading tool effectively mitigates account blowout risks and blow up prevention through systematic loss mitigation strategies, serving as a powerful discipline enforcer for retail traders seeking portfolio protection. With its automatic closure capabilities and daily tracker functionality, this EA protection system enhances money management and trade management practices, acting as a terminal closer that guarantees account survival by maintaining self-control when trading emotions run high, making it an indispensable solution for automated trading environments requiring consistent margin call prevention and account protection. I, hereby expressly states that there is no association, affiliation, partnership, or endorsement of any kind with FTMO or any other proprietary trading firm mentioned. FTMO has not sponsored, approved, or is in any way responsible for this content.
Great tool for staying on top of management. Everyone should have it installed.