AlgoTrade Loss Streak Guard

AlgoTrade Loss Streak Guard helps you take a break after losing trades. It monitors your closed trades and pauses trading according to your rules. A trade opened during a pause is closed immediately or only reported, depending on your settings.

The rules

  • A wait after every losing trade (5 minutes by default).
  • A longer pause after a specified number of losing trades in a row (3 losses and 1 hour by default). Each subsequent loss restarts the pause until a winning trade occurs.
  • An optional stop for the rest of the day after a specified number of losing trades in a day. You set the hour when the trading day begins.
  • A larger lot size on the same symbol shortly after a losing trade also violates the rules (within 1 hour by default).

The panel

  • The status: trading allowed, waiting after a loss, paused, or stopped for the day, along with the time when trading is permitted again.
  • Consecutive losing trades, losing trades today, and trades stopped today.
  • Recent closed trades with their results, plus the totals for today and the last 7 days.

Which trades count

  • By default, manual trades on all symbols: trades you open in the desktop, mobile, or web terminal. Trades opened by Expert Advisors are not affected.
  • You can also select all trades, or manual trades on the chart symbol only.

Please read

  • The guard never opens a trade. It closes only trades that violate your rules, and only trades opened after the utility was started. A trade detected more than 3 minutes after it opens (for example, after the computer was turned off) is only reported.
  • To close trades, Algo Trading must be enabled. With a read-only login, it can only send warnings.
  • Attach the utility to its own empty chart. The full-screen panel hides that chart and removes any indicators on that specific chart. The original chart colors return when you remove the guard. Set "Full-screen panel" to false to display a small box instead.
  • A pause is your own rule. The guard helps you follow it, but it cannot prevent you from changing the inputs or removing the utility.
  • If you have a question or would like a feature, please write in the comments on this page. Your reviews help us decide what to improve.

Made by AlgoTrade Pte. Ltd. Trading always carries risk. Past results do not guarantee future results.

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