Cooldown After Loss MT5
- Utilità
- Versione: 1.0
- Attivazioni: 10
Stop revenge trading. After the number of losing trades in a row you choose, Cooldown After Loss pauses your trading for the minutes you choose, or until tomorrow. A new trade opened during the pause is closed at once.
After two or three losses in a row, most traders do the same thing: they open the next trade too fast, too big, to win the money back. That is how a small loss becomes a big one. This EA forces the break that you know you should take.
HOW IT WORKS
- Attach the EA to any one chart. Choose how many losing trades in a row start the pause, and how long the pause is.
- Every second it reads today's trade history and counts your losses in a row. A winning trade resets the count.
- When the limit is reached, trading is paused. You get one alert.
- During the pause, a new trade is closed at once and pending orders are deleted.
- When the pause ends, trading is allowed again and the count starts from zero.
FEATURES
- 1 to 50 losing trades in a row start the pause.
- Pause in minutes, or until tomorrow (the day starts at the server hour you choose).
- Count a loss only if it is bigger than an amount you set, so very small losses are ignored.
- Pause the whole account, or only the symbol that lost.
- All trades, manual trades only, or the trades of one EA (magic number).
- Optional: also close the trades that were already open when the pause starts.
- One alert per pause: popup and push notification to your phone.
- Calculated from the trade history, so it keeps working after a restart of MetaTrader.
THE PANEL ON THE CHART
- Status: TRADING ALLOWED, or PAUSED with the time trading opens again and a countdown.
- Losses in a row, for example 1 / 2. It turns amber when one more loss starts the pause.
- Trades today, with won and lost trades.
- Your rule, in one line.
INSTALLATION
- Drag Cooldown After Loss MT5 onto any one chart (any symbol, any timeframe). One chart covers the whole account.
- In the Common tab, tick "Allow Algo Trading", and make sure the Algo Trading button is on.
- In the Inputs tab, choose the losing trades in a row and the pause. Click OK.
NOTES
- A new day starts from zero. A trade closed during the pause does not start a new count.
- The EA works only while MetaTrader 5 is running and connected. Use a VPS for full protection.
- The EA never opens trades. It only closes positions and deletes pending orders.
- Free tools from the same author: Daily Loss Limit Lock MT5, Max Trades Per Day MT5 and Margin Level Protector MT5. Also: Equity Target Closer MT5 and Prop Firm Rules Guard MT5.
Questions or ideas? Send me a private message on MQL5. If the EA helps you, a short review is very welcome.
