Fomo Killswitch EA – Risk Management & Trading Discipline Tool for MT5
Stop revenge trading, overtrading and blown accounts. Fomo Killswitch EA is a
discipline assistant that automatically enforces your daily risk limits, blocks
impulsive entries and protects your account during prop firm challenges –
without relying on willpower.
## How it works
Fomo Killswitch runs alongside your existing trading setup and acts as a
safety gate for your account:
- One click locks new entries for a chosen period (FOMO Lock)
- After a significant loss, the EA automatically applies a cooldown
- Daily limits are enforced automatically: drawdown, profit target, trade
count, lot size and consecutive losses
- When the daily loss limit is breached, the EA can close positions, close
the chart or even shut down MetaTrader 5 (with alert and countdown)
- Trading sessions (Asian, European, American) with automatic exit at
session end
All counters and states are preserved across terminal restarts using global
variables, so the protection keeps working even after a restart.
## Key features
- Daily drawdown limit (% of balance or fixed amount)
- Daily profit cap to lock in green days
- Max trades, max lots and consecutive loss limits
- Anti-revenge trading cooldown
- RR take profit or %
- Customizable trading sessions (GMT)
- FOMO lock with one-click activation
- Break reminders (sound/popup, PT/EN)
- Customizable HUD: status, cooldown, drawdown, P&L, active session
- Extreme loss blocker with terminal shutdown option
## Who is it for
- Prop firm traders needing strict drawdown control
- Traders who want to automate discipline and avoid overtrading
- Beginners building a safety system while they learn
- Professionals who prefer delegating emotional control to the algorithm
## Compatibility
- Native MQL5, MetaTrader 5 only
- No DLL, no external libraries
- Lightweight – minimal CPU usage
## Setup
All parameters are organized in clearly named input sections:
General / HUD / FOMO Lock / Anti-revenge & drawdown / Trading limits /
Sessions / Daily reset / Extreme loss blocker / Break reminder
## FAQ
Q: Does it work together with my existing EA?
A: Yes.
Q: Does it place trades?
A: No. Fomo Killswitch only monitors, blocks and enforces limits. It never
opens positions on its own.
Q: Will it work on a prop firm account?
A: It was designed for strict drawdown control and works on any MT5 account.
## Risk disclaimer
Trading involves risk. This tool assists with discipline but does not
guarantee profits. Past performance is not indicative of future results.
Stop chasing the market. Start managing it.
