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Take a Break MT5

4.71

The most advanced news filter and drawdown limiter on MQL market

NEW: Take a Break can be backtested against your account history! Check the "What's new" tab for details.

Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over.

Typical use cases:

  • Stop trading during news/high volatility (+ close my trades before).
  • Stop trading when Account Equity, Balance or Margin is low.
  • Only trade on specific dates/times, e.g. the Asian session.
  • Stop trading for the day when a certain profit/loss is reached (useful also for funding programs such as FTMO).
  • Setup as a global (news) filter that handles all other EAs on your account.

The various, built-in filters finally give you full control over your EA's operations making Take a Break an indispensable tool for every automated trader. As such, Take a Break may be the only tool you need for

  • drawdown control
  • equity protection
  • news trading
  • advanced time filter options

As a tool by traders for traders, your feedback is appreciated. If you have a feature request, find a bug or simply need support, just contact me. I'll be happy to help.


How to set up

  1. Add the URL https://trading.custom-solutions.it to the list of allowed WebRequest URLs (press CTRL+O, tab "Expert Advisors")
  2. Download the FREE Take a Break Indicator and follow the setup example.


Parameters (excerpt)

Please check the "What's new" tab regularly for a complete and up-to-date list of all parameters and improvements.

--- External EA Settings ---

  • Force stop trading: If set to "true", templates will be applied even if there are open trades of your other EA. Useful to prevent your other EA from opening new trades during news, increased spreads etc. But can possibly leave the open trades unprotected during these periods (if they have no S/L set). Use with caution.

--- News Filters ---

  • Pause before NFP/High/Medium/Low Impact News (minutes)
  • Pause after NFP/High/Medium/Low Impact News (minutes)
  • Close trades X minutes before NFP/High/Medium/Low Impact News: Either all trades or only those with the specified "Magic Numbers" will be closed X minutes before the news.
  • Filter News Events: Only pause during specific events. Separate multiple event names by a comma like e.g. "PMI,Rate Statement,CPI".
  • Filter News Symbols: By default, Take a Break will determine the news for each symbol automatically. However, you can also specify your own set of symbols (e.g. "EUR,USD,GBP").

--- Additional Filters ---

  • Maximum Lots (0 = not used): Trading will be disabled when the sum of all orders' lots >= Maximum Lots. Set to "0" to disable it.
  • Maximum Spread (0 = not used): Spread filter for each symbol. Set to "0" to disable it.

--- Account Protection ---

  • Maximum Daily Profit Limit (0 = not used): Enter a daily profit limit in your account's base currency here. E.g. "100" means "stop trading when the daily profit reaches 100 EUR/USD/...". In this case, all trades will be closed and the chart template "Daily Profit/Loss Limit reached" applied.
  • Maximum Daily Loss Limit (0 = not used): Same as "Maximum Daily Profit Limit" but you specify a negative value here. E.g. "-100" means "stop trading when the daily loss reaches -100 EUR/USD/...".
  • Daily Profit/Loss Limit calculation mode: If set to "Equity", the profit/loss of open positions will also be taken into account when performing calculations. If set to "Balance", only the profit/loss of closed positions will be taken into account.
  • Timezone to reset Daily Profit/Loss Limit: By default, the limits are reset once every day at the specified "Time to reset Daily Profit/Loss Limit" broker server time. If you want the daily limits to be reset in another timezone, enter it here (e.g. "CET"). See List of Timezone Abbrevations.

--- Trading Times ---

  • Monday/Tuesday/Wednesday/Thursday/Friday/Saturday/Sunday Trading: Specify trading times as ranges and separate them by a comma. E.g. to trade from 04:00 to 05:00 and from 20:00 to 22:00 (broker server time), use one of the following formats:
    • 04:00 - 05:00,20:00 - 22:00 (extended)
    • 4,20-22 (simple)
  • Close trades on: In addition to the news filter, all trades can be closed either daily or on a specific weekday at the time specified under "Close trades at".
Recensioni 15
Ravi Chandiran
533
Ravi Chandiran 2024.04.07 17:51 
 

The vendor (Eric) helped me to configure the settings. The EA is perfectly working well now. This will really help me in controlling Draw Downs especially when you trade Prop Trading.

Gusbo75
275
Gusbo75 2024.01.05 18:55 
 

It does exactlly what is says on the tin! Which is not only amazing but very rare. very effective and highly customizable. getting a good EA is not that hard but finding a good account protection is nearly impossible. I am so glad i found it! More rare and amazing is that Michael is Eric is THE most supportive author i have come across in the mql market so far. really made my day and my trading so much easier and stress free!

Carlosdel123
155
Carlosdel123 2023.11.29 16:00 
 

I am delighted to share my positive experience for TaB. The product's powerful features have significantly improved my trading experience and the author's quick and responsible issue resolution. TaB is an excellent product and a must have. Highly recommended!

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Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
Il toolkit di azione sui prezzi EA è progettato principalmente per scalper, ma può essere utilizzato in tutti i periodi di tempo per entrare rapidamente nel mercato con il dimensionamento del lotto calcolato correttamente in base al livello di stop. ordini) e quindi regola gli stop e i take profit man mano che il mercato si muove. Per un elenco completo di tutte le funzionalità, le impostazioni e la strategia di best practice da utilizzare, fare clic qui:   https://www.mql5.com/en/blogs/post/
Binance Quotes Updater
Andrey Khatimlianskii
5 (1)
This service is designed to stream online cryptocurrency quotes   from the Binance exchange to your MetaTrader 5 terminal. You will find it perfectly suitable if you want to see the quotes of cryptocurrencies in real time — in the Market watch window and on the MetaTrader 5 charts. After running the service, you will have fully featured and automatically updated  cryptocurrency charts in your MetaTrader 5. You can apply templates, color schemes, technical indicators and any non-trading tools to
The program is use to copy trading from MT5 to MT4 and MT5 on local PC or copy  over the Internet .  Now you can easy copy trades to any where or share to friends. Only run one Flash Server on VPS, also need allow the apps if you turn on Windows Firewall. Can not add more than 20 account copier to server at same time,  include both  MT4 and MT5 Get free Copier EA  for MT4 and MT5 (only  receive signal), download here Instants copy, speed smaller 0.1 seconds, easy to setup How to setup and guide
Easy Strategy Builder 5
Gheis Mohammadi
5 (4)
The  Easy Strategy Builder (ESB)  is a " Do It Yourself " solution that allows you to create a wide range of the automated trading strategies without any line of codes. This is the world’s easiest method to automate your strategies that can be used in STP, ECN and FIFO brokers. No drag and drop is needed. Just by set conditions of your trading strategy and change settings on desired values and let it work in your account. ESB has hundreds of modules to define unlimited possibilities of strategi
Binance Trade Manager
Andrey Khatimlianskii
5 (2)
Binance Trade Manager — is an utility that allows you to transmit trade orders from your MetaTrader 5 to the Binance exchange. It will suite you if you want to use your favorite MetaTrader 5, getting all the benefits of trading cryptocurrencies directly on the exchange (low commission, high liquidity, absolute transparency, etc.) Binance Trade Manager can work in two modes: copying trades from a demo-account , which your MetaTrader 5 is connected to (cryptocurrencies must be available on this ac
The product will copy all  Discord  signal   to MT5   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT5. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
Unlimited Trade Copier Pro MT5 is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the sig
Is your trade at a loss? Does not matter ! You can use this Extra martingale tool.  In the set loss of your trade or your EA's trade , this tool will open another trade at a better price. It can also open multiple trades at different distances and with different lot sizes. Each trade will be assigned a TakeProfit. This tool has a lot of settings. You can set variable lot sizes, variable trade distances, variable TakeProfit sizes, maximum total profit or loss in money. You can also close trades
Everyone knows that the best way to make money in the markets is by knowing the future. Have you ever wished to know the future price of something in advance? Even if it were just a few days, hours, or minutes ahead? What if it were possible to know it but with less than a second of advance notice? That's precisely what the PZ Latency Arbitrage EA robot does. PZ Latency Arbitrage EA is your personal time machine: but it can only travel into the past by less than a second. The robot is like Bi
Trader Assistant vMT5
Dossa Nsanigna
5 (1)
It contains four major utilities:    ZeroRisk   Trade Pad  to open and manage trades,  ZeroRisk Manual Trader , a ssistant for manual traders   to control the trading plan and prop firm rules,   ZeroRisk Algo Trader , assistant for algo traders to control and monitor EAs and   ZeroRisk Telegram Signal Provider  to send manual or EA signal to telegram. This assistant supports news filter from top 3 trusted news website ( Investing.com, Daily FX ,  Forex Factory ) and auto GMT offset from    Worl
Altri dall’autore
Take a Break
Eric Emmrich
5 (26)
The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when
Tax Buddy MT5
Eric Emmrich
5 (2)
Tax Buddy creates a simple, sortable trading report which you can send to your local tax authorities alongside your annual declaration. I've been using this kind of report for the German Finanzamt in order to declare my capital gains ("Kapitalerträge") in a readily comprehensible manner. For testing purposes, the Demo version places random trades in the Strategy Tester on the symbol of your choice and creates a demo report for them. Conveniently, all reports are stored in the common path for a
Please check the " What's new " tab regularly for a complete and up-to-date list of all improvements + parameters. FREE indicator for my trading utility Take a Break . This indicator allows you to manage multiple other EAs with just one Take a Break EA instance. Simply specify the corresponding Chart Group in the indicator(s) and Take a Break EA settings and you are good to go.  Setup example (Indicator + EA) You want Take a Break to manage 3 other EAs: EA1 on EURUSD, EA2 on EURGBP, EA3 on G
FREE
Please check the " What's new " tab regularly for a complete and up-to-date list of all improvements + parameters. FREE indicator for my trading utility Take a Break . This indicator allows you to manage multiple other EAs with just one Take a Break EA instance. Simply specify the corresponding Chart Group in the indicator(s) and Take a Break EA settings and you are good to go.  Setup example (Indicator + EA) You want Take a Break to manage 3 other EAs: EA1 on EURUSD, EA2 on EURGBP, EA3 on G
FREE
Tax Buddy
Eric Emmrich
5 (3)
Tax Buddy creates a simple, sortable trading report which you can send to your local tax authorities alongside your annual declaration. I've been using this kind of report for the German Finanzamt in order to declare my capital gains ("Kapitalerträge") in a readily comprehensible manner. For testing purposes, the Demo version places random trades in the Strategy Tester on the symbol of your choice and creates a demo report for them. Conveniently, all reports are stored in the common path for a
The most advanced news filter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. This is the demo version of my Expert Advisor " Take a Break ". All EA operations are limited to 1 symbol and Chart Group "Default". Please check the " What's new " tab regularly for a complete and up-to-date list of all improvements + parameters. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. I
FREE
Take a Break FREE
Eric Emmrich
5 (2)
The most advanced news filter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. This is the demo version of my Expert Advisor " Take a Break ". All EA operations are limited to 1 symbol and Chart Group "Default". Please check the " What's new " tab regularly for a complete and up-to-date list of all improvements + parameters. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. I
FREE
Filtro:
Ravi Chandiran
533
Ravi Chandiran 2024.04.07 17:51 
 

The vendor (Eric) helped me to configure the settings. The EA is perfectly working well now. This will really help me in controlling Draw Downs especially when you trade Prop Trading.

Eric Emmrich
6813
Risposta dello sviluppatore Eric Emmrich 2024.04.16 21:10
I'm happy that we could resolve the issue in the end, through a 1:1 TeamViewer session :)
Gusbo75
275
Gusbo75 2024.01.05 18:55 
 

It does exactlly what is says on the tin! Which is not only amazing but very rare. very effective and highly customizable. getting a good EA is not that hard but finding a good account protection is nearly impossible. I am so glad i found it! More rare and amazing is that Michael is Eric is THE most supportive author i have come across in the mql market so far. really made my day and my trading so much easier and stress free!

Eric Emmrich
6813
Risposta dello sviluppatore Eric Emmrich 2024.01.05 22:58
Many thanks for taking the time for a review! Delighted to read about your positive experience with TaB :)
Carlosdel123
155
Carlosdel123 2023.11.29 16:00 
 

I am delighted to share my positive experience for TaB. The product's powerful features have significantly improved my trading experience and the author's quick and responsible issue resolution. TaB is an excellent product and a must have. Highly recommended!

Romain Francois Bernard Julian
549
Romain Francois Bernard Julian 2023.10.27 11:46 
 

The best EA of that kind. Erik is nice and helpfull. Thanks for the tool ! I highly recommend.

Alvin Chin
425
Alvin Chin 2023.07.07 11:59 
 

After using the EA for the last 2 months, finally I am convince that this is a must have product. This is the EA that comes in handy on news impact and the settings of my preferred trading hours. Support from Eric is great. Thank You.

Eric Emmrich
6813
Risposta dello sviluppatore Eric Emmrich 2023.07.07 18:54
Thank you, Alvin! I appreciate your review & happy to hear that TaB works well for you :)
augu1234
51
augu1234 2023.06.22 18:10 
 

A life saver tool, had to migrate my code to MT5 to be able to use this gem, it has a lot of features and I already tested it live it works tremendously. And not to mention that the creator Eric is very kind, great support, answers very fast and provided support even before I had my code on MT5 and directed me onto a solution that could fit my python code. Highly recommend, it will save you of a lot of losses !

Shavarsh Petakchyan
328
Shavarsh Petakchyan 2023.06.12 22:21 
 

i bought this to avoid high impact news trading, installed required indicator, still its useless, i had big loss during news as its not working, no support from the seller, i saw too many nice comments here but if you want to avoid news trading look anything else

Eric Emmrich
6813
Risposta dello sviluppatore Eric Emmrich 2023.06.13 10:22
We had a support session scheduled for last Tuesday where you did not show up nor informed me that you can‘t make it. That would have been more useful than a bad review with false claims. Also, if I don‘t reply to your messages right away during the weekend, it‘s not because I‘m ignoring you but because I sometimes have weekend, too. Should you still be interested in resolving the issue, let me know a suitable date and we will find a solution.
Mark Friedman
367
Mark Friedman 2023.03.17 22:21 
 

Exactly what I needed! Eric is very responsive and answered all my questions, even helping me with the actual settings. Highly recommend!

Jekil
726
Jekil 2023.02.22 07:14 
 

Great support

Masato Shizuka
354
Masato Shizuka 2023.01.29 01:28 
 

I appreciate this great product!! I checked with BTCUSD on a demo account and it worked as I intended. If you are going to introduce it from now on, please read the explanation of the indicator carefully and set it in order. Also, if you do not understand the operation, delete all charts, delete all files in ''/MQL5/Files/TaB/'', and try to make the settings in order from the beginning. Once you master how to use it, it becomes the best treasure. Thank you for your good product.

Patrick Mast
233
Patrick Mast 2022.12.21 16:53 
 

The EA is really a problem solver if you want to run multiple EAs at the same time. Thanks for the support Eric. Great job

[Eliminato] 2022.11.25 13:39 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Padraic Michael Boylan
269
Padraic Michael Boylan 2022.11.03 00:24 
 

A fantastic tool, doing more than any other similar EA I've found. Plus, Eric (it's creator) is always very friendly and helpful with any problems you might have. A highly recommend Take a Break (there's also a free version if you want to try it out first).

Wazza Australia
1042
Wazza Australia 2022.03.08 19:29 
 

Amazing support. Great tool. Highly recommended.

lucaskoster
189
lucaskoster 2020.07.01 11:18 
 

Great support from Eric on solving timezones issues. EA is doing exactly what it needs to do, protect from news impact.

Rispondi alla recensione
Versione 7.0 2024.02.12
The first update of the year marks the next milestone in TaB's history: it can now be backtested based on your account history 🎉

How does that work?
1. Add the TaB EA to any M1 chart and set the new parameter "Get backtest data on initialization: true".
2. TaB retrieves all order data that matches the defined Start and End Date and writes a message about it in MetaTrader's "Experts" log.
3. Open the Strategy Tester, select M1 as a timeframe for testing and either "Open prices only" or "1 minute OHLC" as a modelling method for faster backtesting.

TaB will then open the orders based on your account history and apply its filters accordingly, so that you can check how TaB could have helped in your trading.
As this is the first version of the new backtest feature, it's not 100% complete, yet. One essential part that is still missing are backtesting of the news filters. This will be added in one of the next updates, as I'm currently evaluating different approaches for the news download, to make sure news backtests do not interfere with the live news download.

Also note that due to the limitations in MetaTrader 4 (e.g. no support for multi-currency backtesting), it is strongly advised to only use MetaTrader 5 for backtesting.

Other fixes & enhancements in this update:
- Orders can now be closed by TaB at a specific time, if their order comment starts with "Close@" (e.g. "Close@2024.02.28 14:30").
- Fix for the dynamic volatility filter (which can also be backtested and optimized).
- A more clear error message if TaB does not work due to missing Chart Groups.
- Renaming of some parameters to be more clear about their purpose.
Versione 6.31 2023.12.08
This update fixes an issue in the NFP news filter in conjunction with the "Filter News Events" parameter: if you had specified "Filter News Events" and they did not contain "Nonfarm Payrolls" as well, the NFP news were ignored. That has now been fixed.
Versione 6.30 2023.11.24
This version of TaB adds a user request:

---------- A C C O U N T P R O T E C T I O N ----------
New option "By Equity (open trades only)" for parameter "Daily Profit/Loss Limit calculation mode": when set, TaB will only take open trades into account when calculating the Daily P/L limits, making it identical to the "Drawdown Control" section. With one important difference: TaB's "Drawdown Control" will always close the trades when the limits are reached, the "Account Protection" can be configured to only pause but not close trades ("Close trades when Daily Profit/Loss Limit is reached: false"). That now makes it possible to set up a "soft limit" for pausing your EAs, and a (higher) hard limit for closing their trades.
Versione 6.20 2023.11.19
This version of TaB comes with the following bug fixes and improvements:

---------- A C C O U N T P R O T E C T I O N ----------
- New parameter "Close trades during news": when set to false, trades will only be closed by the account protection settings (Daily P/L or Minimum Value reached) if no news filter is active. This will make sure to comply with the rules of some prop trading companies that prohibit trade closing during news.

---------- T R A D I N G T I M E S ----------
- Parameter "Close trades when out of time" was renamed to "Action to perform when out of time" and now also supports removing the SL/TP when out of time and restoring them afterwards. This may come in handy especially during nightly rollover times when the spread is widened and the stops would otherwise be triggered.
ATTENTION: if you previously set "Close trades when out of time: true", you will have to reconfigure it after the update.

---------- T E M P L A T E S E T T I N G S ----------
- New parameter "Apply templates only once every X minutes": if set, TaB will only pause and restore your external EAs once every X minutes. This will make sure that the external EAs are not removed and added continuously, e.g. because of a configured spread filter that is triggered continuously.

Other fixes and improvements:
- If news cannot be retrieved, e.g. because of (temporary) connection problems, TaB will now auto-retry their download until it succeeds again. During this time, any previously downloaded news will be used as a backup.
- Fixed a bug in the NFP news filter that did not work if High Impact news were disabled.
- Fixed a bug that prevented TaB from initializing when setup during the weekend or when markets are closed.
- Improved sanitizing and validation of parameters, e.g. when dealing with multiple chart groups and time ranges.
Versione 6.10 2023.09.26
Bug Fixes:
- When TaB was configured to manage "All trades (entire account)", it only managed symbols identified through the TaB indicator. That caused issues when using multi-currency EAs or trade copiers and has now been fixed.

Improvements:
- News results (worse than expected / as expected / better than expected) can now be viewed on the charts, when hovering over the news lines.
- Re-ordered some parameters once again to improve usability.
- Logging was improved to make sure the "Experts" log does not get spammed.
- Some behind the scenes cleanup and code optimization was carried out.
Versione 6.0 2023.09.17
This version adds one of the most anticipated features to Take a Break: forexfactory.com as a news provider.
investing.com is still the default provider and now features ALL currencies supported by their economic calendar, not only the major ones.

The "News Filters" section was also restructured for easier setup (hopefully :)).

Additionally, this version contains the following bug fixes:
- Fixed a bug in the trade identification by magic numbers that could lead to some trades being managed by error, if the magic number only matched partially.

ATTENTION: TaB's internal news API has been rewritten in large parts to support multiple news providers, while maintaining compatibility with current and older TaB versions.
However, the added compatibility layer is planned to be removed at the end of 2023. Hence, TaB versions < 6.00 will STOP WORKING at the end of the year. Please make sure to update!
Versione 5.54 2023.03.08
---------- A C C O U N T P R O T E C T I O N ----------
- Added "Include deposits/withdrawals in Daily Profit/Loss" option (defaults to false).
Fixes an issue introduced in version 5.51 which caused all deposit/withdrawal operations to be included in the Daily Profit/Loss by default.

---------- A D D I T I O N A L F I L T E R S ----------
- "Minimum Dynamic Volatility of current candle" is now simply "Minimum Volatility (in points)".
It works exactly as the "Maximum Volatility (in points)", except that it pauses trading if volatility is too low.
Versione 5.53 2023.02.21
Important update: stabilizes TaB's operation and addresses another issue with template creation that might lead to messed up templates.

Everyone who has had problems with TaB in the past should please update to this version.
Also be sure to update the indicator to version 2.10.

Fixes:
- Most importantly: messed up templates should finally not happen anymore. This has been a long-standing issue for some users which I was able to reproduce only by chance. Now I was lucky enough to find its root cause (finally!) which should fix it once and for all. Should it still happen to you after the update, please get in touch with me immediately.
- Unexpected closing of trades after a terminal restart, if Profit/Loss limits were used.
- Inaccurate calculation of news times that might lead to a delay of several minutes when pausing/resuming trading due to news.

Reliability is key. Hence, I'm really happy about the latest fixes. If you find any other issues, please always report them so that they can be fixed as well.
Versione 5.52 2023.02.20
New features:

---------- A D D I T I O N A L F I L T E R S ----------
Added "Maximum Buy Orders" + Maximum Sell Orders" which makes it possible to filter by trade direction.
Note that these parameters respect the selected "Trade Management Mode" in E X T E R N A L E A S E T T I N G S. Thus, they include Pending Orders by default.

Bug fixes:
After a terminal restart, TaB may have closed orders too early if internal calculations took too long. This has now been fixed.
Note that TaB may take up to 1 minute for initialization after a terminal restart.
Versione 5.51 2023.01.26
Bug fix release that addresses the following issues:

---------- E X T E R N A L E A S E T T I N G S ----------
- "Trade Management Mode" is now respected properly in all sections of TaB. Previously, even if "All Order Types" was selected, Pending Orders were not taken into account when retrieving the current orders. Thus, some filters like "Maximum Lots" did not work properly.

---------- N E W S F I L T E R S ----------
- "Filter News Events" and "Filter News Symbols" used to be case-sensitive. Thus, some news events might have been missed if their name or currency differed slightly from what was set in these parameters. This is now fixed so that these parameters are now case-insensitive.
Versione 5.50 2022.12.03
---------- D R A W D O W N C O N T R O L ----------
Added "Restart External EA after trade close" which re-initializes your external EAs after TaB closed their trades.

Also be sure to update the Take a Break Indicator to version 1.90!
It contains an important reliability improvement so that messed up template overwrites should no longer happen.
Versione 5.41 2022.11.01
Bug fix release that corrects the SL/TP calculation when the Daily Profit/Loss should be included. Formerly, it could lead to unexpected trade closings due to "SL/TP for open trades reached".
Versione 5.40 2022.01.23
New Year - New Update!

New features:

---------- M I N I M U M P R O F I T F O R T R A D E C L O S E ----------
This new, universal section can now be used for specifying a minimum profit or maximum loss target that needs to be reached before trades are closed.
It is currently supported in the News + Time Filter sections.

---------- N E W S F I L T E R S ----------
- Added "Close trades before news - check minimum profit for trade close" which defines whether the minimum profit or maximum loss targets should be checked before trades are closed due to news.
- "Filter News Symbols" now supports symbol mappings. If you specify e.g. ".DE40Cash=EUR", then all EUR news will automatically be mapped to .DE40Cash.

---------- T R A D I N G T I M E S ----------
- Added "Close trades when out of time" which lets you close trades when any of the time filters becomes active. This option is more universal than the "Close trades at" one (which is still supported, though).
- Added "Check minimum profit for trade close" which defines whether the minimum profit or maximum loss targets should be checked before trades are closed due to time filters.

Bug Fixes:
- When trading symbols with certain suffixes (like "...."), the news filter stopped working. This has now been fixed.
Versione 5.30 2021.11.28
This release adds the following user requests to the EA:

---------- N E W S F I L T E R S ----------
- Added "Close trades before news - Minimum Profit" which allows to specify a minimum profit target that needs to be reached before trades are closed due to news.
- Added "Close trades before news - Maximum Loss" which allows to specify a maximum loss target that needs to be reached before trades are closed due to news.
- Added "Profit/Loss values are specified in" which allows to specify these targets in either money or percent.

---------- A D D I T I O N A L F I L T E R S ----------
- Added "Maximum Orders" (until trading is allowed)

---------- A C C O U N T P R O T E C T I O N ----------
- Added "Account Margin Level" as a minimum/maximum property until trading IS allowed.
- Added "Maximum value until trading IS allowed" which allows to set a maximum value for e.g. Account Equity.
- Added "Daily Profit/Loss values are specified in" which now allows to specify the daily limits also in percent.

I hope you enjoy these enhancements. If you have an idea for further improving TaB, just let me know in the comments or by PM.

I would also appreciate a review if TaB is useful to you :)
Versione 5.20 2021.10.11
I'm delighted to present you the most stable Take a Break version to date!

Following user feedback, I tweaked the EA and Indicator and tested the improvements for the past weeks 24/7 on a VPS with MT4 and MT5. Since then, I never got any errors like "Could not identify any symbols to manage." or broken template files anymore.

In order to make use of the stability improvements, please update the EA to version >= 5.20 and the Indicator to version >= 1.80.

I'd like to thank all users who contributed to this release and helped making Take a Break an even more stable trading utility.
Versione 5.13 2021.10.03
Small bug fix release which removes superfluous WebRequests for auto-calculating the GMT/timezone offset.
Versione 5.12 2021.09.18
Bug fix release which should finally solve an annoying issue after terminal restart: some templates could get overwritten unexpectedly which then caused an infinite loop of "Applying Chart Template XXX" calls in the "Experts" tab. Ultimately, that then led to a frozen or even crashing terminal + broken template files.

If you ran into this issue (which mostly affected MT5), please do the following AFTER this update:

1. Stop the Take a Break EA
2. Setup your "Trading IS allowed" templates again and select "Recreate default templates: true" in the indicator parameters
3. Enable the Take a Break EA again

I'm really sorry for any inconvenience this has caused. TaB should be a reliable tool for every user so I do take such bugs seriously.
Should you encounter any errors, please report them to me so that they can be fixed for everybody. Thank you to the users that reported this issue!

Other than the main bug fix, there are also some minor improvements:
- If the Auto GMT or Auto Timezone Offset cannot be determined due to a server error, TaB will now retry after a few minutes (just like it does with the News).
- Parameters that must be > 0 or < 0 are now sanity checked. E.g. if you specify a "Maximum Drawdown for all open trades" of "100", it is now automatically converted to "-100" in the code.
Versione 5.11 2021.07.26
Improvements:
- Updated logic for trade identification by Order Comment: search for occurrences instead of exact matches.

Example: Order Comment "EA2" will now also identify trades having comments that contain this string, e.g. "EA2-Grid", "FirstTrade-EA2", "EA2 [tp]" etc.

Previously, trades would only have been identified if they had the exact order comment "EA2".
Versione 5.10 2021.07.25
New features:
- Added the ability to identify trades by Order Comments in addition to Magic Numbers.
- Added the ability to remove SL and TP values of orders before news and to restore them afterwards. This action can be performed instead of closing trades before news.

Example:
- High Impact News at 16:00
- "Take action X minutes before/after news": 5
- "High Impact News - Action to take": Remove S/L + T/P before news and restore afterwards
- S/L and T/P values will be removed from the affected orders at 15:55.
- S/L and T/P values will be restored to the affected orders at 16:05.
- If S/L or T/P values have already been exceeded and thus, cannot be restored anymore, the affected orders are closed at 16:05.

Improvements:
- MT5: Added compatibility with latest build version.
- Minor code and wording improvements
Versione 5.0 2021.03.29
New features:
- Added new section "Drawdown Control" which replaces the former External EA SL/TP section. Existing settings are migrated conveniently. This section gives you more control over Take a Break's internal trade management and also allows you to set Profit/Loss values in % of account balance.

Improvements:
- If specific Magic Numbers are set, all trades belonging to them are now handled by Take a Break - independently of their symbol. Formerly, Take a Break only managed trades belonging to its chart symbols.
- Profit/Loss values are now also displayed in % of account balance.
- Changed wording of some configuration options for better understanding.
Versione 4.99 2021.02.09
Bug fixes:
- Finally fixed an annoying bug in the time filter that did not return to "Trading allowed" after a "NoTrade" time (e.g. after the weekend).

User requests:
- Added display of the (auto detected) timezone offsets for GMT + "Timezone to reset Daily Profit/Loss Limit" (if set).
- Added options to stop trading all day on NFP/High/Medium/Low Impact News. These options also respect any specified "Filter News Events", i.e. will only stop trading for the whole day if any of the specified events take place on the current day.

General improvements:
- If set, the calculated Daily Profit/Loss Limits (including deviation) are now also displayed on the chart. As they are only used when trading is not allowed, they are also only displayed in this case. Calculated "Daily Profit Limit" if Today's P/L is positive, calculated "Daily Loss Limit" if it is negative.
- If set, the calculated S/L and T/P levels (including Daily Profit/Loss, if applicable) are now also displayed on the chart. Calculated T/P if Floating P/L is positive, Calculated S/L if it is negative.
- Added a +/- sign in front of the displayed P/L values for a better overview.
Versione 4.98 2021.02.03
Added another new parameter on user request:

- "Limits deviation": if you have set a "Daily Profit/Loss Limit" or ""Minimum value until trading IS allowed" and trades are closed with slippage, it might result in a slightly lower value than the set limits. This option now allows to multiply these limits by a deviation factor (default: 1).

Example:
- "Maximum Daily Profit Limit": $100
- Trades are closed at profit of $100 but with slippage, resulting in a Daily Profit of only $98.
- With default "Limits deviation" of 1, TaB would continue trading as $98 <= $100 ($100 * 1 "Limits deviation").
- With "Limits deviation" set to e.g. "0.95", TaB would now stop trading as $98 >= $95 ($100 * 0.95 "Limits deviation")
Versione 4.97 2021.02.01
Bug fix for the time filter which did not return back to "Trading allowed" after the latest enhancements in version 4.96.
Versione 4.96 2021.01.30
As a tool for traders by traders, the time filter was enhanced on user request with 3 new options:

- "Days of Year"
- "Days of Month"
- "Months"

Each of them is behaving exactly like the "Monday ... Sunday Trading" inputs which means that you can also specify ranges here, e.g.

- "Days of Year" = "14-352" will pause trading for the first and last 2 weeks of a year (typical use case)
- "Days of Month" = "5-10,20" will trade from the 5th to the 10th and on the 20th of each month.

All time filters interact with each other which allows truly flexible setups.

I also added the "Magic Numbers" to the "Required Settings" and revised this section for a clearer overview which Take a Break EA instance manages which trades. Existing users kindly note that nothing changes for your setups. Each TaB EA instance will only manage the specified Magic Numbers even if the new option "Which trades should be managed?" is set to "All trades (entire account)".
Versione 4.95 2021.01.29
Hide the countdown to the Next News Break when there are no future news events (yet).
Versione 4.94 2021.01.26
Added remaining days to the new countdown for "Next News Break in" if the next event occurs in more than 24 hours.
Versione 4.93 2021.01.25
Improvements:
- Relevant news are now displayed on your other EAs' charts as well (requires indicator version >= 1.72).
- Beautified the drawn news lines in general. Changed their default colors to be more like a traffic light: Green = Low Impact, Orange = Medium Impact, Red = High Impact.
- Added a countdown that shows the "Next News Break in XXh YYmin".
Versione 4.92 2021.01.23
Modified parameters:
- "External EA - Magic Numbers": the value of this input now controls which trades are identified as "ALL trades". A value of "-1" means "ALL trades" in its true sense, i.e. independent of symbol and magic number. If you enter specific magic numbers here (like 1,2,3), only these trades will be taken into account for settings that include "ALL trades" (Loss Limit etc).

This modification makes it possible to have one "master" instance of Take a Break that controls the overall account limits and another (or even multiple) "slave" instance that controls specific EAs only. Thus, your TaB setups are now even more flexible.

Added parameters:
- "Dynamic Maximum Volatility (based on current candle)": the volatility filter can now be dynamic. If you control multiple symbols with just 1 TaB instance, setting a fixed "Maximum Volatility (in points)" for all of them might not be too handy. In this case, set this option to "true".
- "Minimum Dynamic Volatility of current candle": if (Minimum) Volatility of current candle > Average Volatility of past candles, trading will be stopped.
Versione 4.91 2021.01.18
Important bug fix release for all users that already updated to EA version 4.90 / Indicator version 1.70: templates created with these versions might not get loaded properly which caused Take a Break to stop its work entirely. This issue has now been fixed so I urge all users to update.

The good news is that no template data was lost. The bad news is that depending on your filter settings, not all of your charts might still be managed by Take a Break EA. So after the update, please check your chart setup(s) and make sure that all relevant charts still contain the Take a Break indicator. If it is missing, please add the indicator to the chart again - either manually or by applying the corresponding template: right-click on the chart, select "Templates -> Load Template", navigate to "MQL4\Files" (MT4) / "MQL5\Files" (MT5) and select the template to apply.

I apologize for any inconvenience caused!
Versione 4.90 2021.01.16
New Year, New Updates - Happy New Year to all of you!

Please make sure to also update the indicator to version 1.70 and to follow its release notes!

This update comes with the following improvements:

- If you modified the settings of an EA that is managed by Take a Break, you don't need to recreate the template file manually anymore afterwards. Take a Break will now take care of this by saving all modification to the corresponding template automatically.

- Added new parameter "Average T/P for each open trade" (in addition to "Minimum T/P for ALL open trades"): e.g. when a news filter becomes active and thus, trading is not allowed, Take a Break will manage your open trades. You set "5" as "Minimum T/P" and "1" as "Average T/P for each trade". If you have 6 open trades, Take a Break will close them as soon as the total profit on the account becomes >= 6 USD/EUR/... If you have only 4 open trades, Take a Break will close them as soon as soon as the total profit becomes >= 5 USD/EUR/... (because 4 open trades * 1 USD average T/P < 5 USD minimum T/P).

- Added new parameter "Average S/L for each open trade" (in addition to "Maximum S/L for ALL open trades"): e.g. when a news filter becomes active and thus, trading is not allowed, Take a Break will manage your open trades. You set "-5" as "Maximum S/L" and "-1" as "Average S/L for each trade". If you have 6 open trades, Take a Break will close them as soon as the total loss on the account becomes <= -5 USD/EUR/... If you have only 4 open trades, Take a Break will close them as soon as soon as the total loss becomes <= -4 USD/EUR/... (because 4 open trades * -1 USD average S/L > -5 USD maximum S/L).

- Improved the volatility filter by adding the new option "Calculate average Volatility for the past ... candle(s)": e.g. you want to calculate the average volatility of the past 7 days for each symbol, then you would enter "7" here + select "1 Day" in the following input "on Timeframe".

- Made some minor changes to the wordings + re-grouped the settings sections again. From now on, it is clearly visible which settings are required and which ones are optional.
Versione 4.82 2020.12.19
Added parameters:
- "Minimum ... until trading IS allowed": defines the type of the specified minimum value. Available types: Account Equity (default), Account Balance, Account Free Margin. Once the minimum value is reached, trading will be paused and optionally, all trades are closed.

Improvements:
- Added an error message that shows clearly if Take a Break could not identify any symbols to manage and thus, will not work.
- Re-arranged some parameters again for a better and more logical overview.

Bug fixes:
- Fixed an issue where the symbols managed by Take a Break were not recognized properly after a terminal restart unless a new chart was added to the Chart Group(s). As far as I'm aware, this issue affected MT4 users only. Take a Break will now display a loading message after a terminal restart until all charts could be identified. This might take a while depending on the power and utilization of your computer/VPS.
- Several minor fixes which further improve Take a Break's stability and work algorithm.
Versione 4.81 2020.12.17
Added parameters:
- "External EA - Trade Management Mode": by default, All Oder Types (Market + Pending) will be managed by Take a Break. If you don't want to close open trades but delete only Pending Orders of the External EA, select "Pending Orders only". If you want to close only open trades and keep Pending Orders open, select "Market Orders only".

Removed parameters:
- "External EA - Delete Pending Orders"
Versione 4.80 2020.12.12
Improvements:
- Revised time filter: made it more fail-safe + added a new, simpler format. E.g. "4,8" (or "4-5,8-9") is the same as formerly "04:00 - 05:00,08:00 - 09:00" and will trade from 04:00 to 05:00 and from 08:00 to 09:00 broker server time. The old, extended format is still supported.
- Re-arranged + re-grouped the inputs for a better overview. Also added foot notes for parameters that usually need clarification.

Changed parameters:
- Renamed "Force template apply" to "Force stop trading". Also, this parameter is now set to "true" per default.

Added parameters:
- "T/P in money for ALL open trades" (if "Force stop trading" = true)
- "S/L in money for ALL open trades" (if "Force stop trading" = true)
- "Include Daily Profit/Loss in TP/SL calculation" (if "Force stop trading" = true)
- "Close ALL trades when Daily Profit/Loss Limits are reached": if set to "false" and "Force stop trading" is set to "true", trading will only be paused but open trades will not be closed.

As always, if you have any questions, just contact me. Also, if Take a Break is useful to you, please consider giving it a review. Thank you!
Versione 4.73 2020.12.01
Recently, the Investing.com economic calendar was "temporarily down for maintenance" several times even during peak news times. If Take a Break tried to update news during these periods, there was no data received. Thus, the news filters did not work then.

This update makes sure that this won't happen again by applying additional sanity checks. Also, Take a Break will retry to get the news every X minutes in such situations.
Versione 4.72 2020.11.25
Another minor release which tweaks the performance of the news updates once again.

Next up will be a major release to version 5.0 with the ability to backtest your Take a Break setup.
Versione 4.71 2020.11.24
Minor bug fix for the "Pause X minutes before ..." news options which were executed with 1 minute delay under certain circumstances.
Versione 4.70 2020.11.24
Improvements:
- Volatility filter was added.
- Improved handling of news updates + time filters.
Versione 4.6 2020.11.20
Fixed the closing logic of the "Close ALL trades ..." options to also take symbols into account that are not managed by Take a Break.
Versione 4.5 2020.11.19
Added parameters:
- Close ALL trades when Minimum Equity is reached

Bug fixes:
- Occasionally, templates were applied multiple times which caused some EAs to crash on template load. Additionally, this also lead to broken templates, e.g. the EA was then missing entirely on the "Trading IS allowed" template.
Versione 4.4 2020.11.04
Added new parameter "Force template apply": by default, Take a Break will not apply any template (specifically the "Trading is NOT allowed" one) if there are active trades of your other EA, unless they are closed. By setting this option to "true", the template will be applied even with active trades.

This can be useful to prevent your other EA from opening new trades during news. But will leave the active trades unprotected during these periods - unless they are secured by a hard S/L or another EA on the "Trading is NOT allowed" template. Use with caution.
Versione 4.3 2020.10.14
Added new parameter "Minimum Equity until trading IS allowed": in addition to the Daily Profit/Loss filters, this filter let's you define a minimum Account Equity until trading is allowed. This option can be used as an emergency stop loss after a series of bad trading days.

Once your overall Account Equity falls below the defined value, ALL trades (independent of any magic number) will be closed and the "Trading is NOT allowed" template applied.

Removed parameters:
- Minimum Balance until trading IS allowed
Versione 4.2 2020.10.14
Added new parameter "Minimum Balance until trading IS allowed": in addition to the Daily Profit/Loss filters, this filter let's you define a minimum Account Balance until trading is allowed. This option can be used as an emergency stop loss after a series of bad trading days.

Once your Account Balance falls below the defined value, ALL trades (independent of any magic number) will be closed and the "Trading is NOT allowed" template be applied.
Versione 4.1 2020.10.06
Improvements:
- Further performance improvements: the frequency of the time filters is now also dependent on the chart timeframe. Due to this, the EA must now be run on a chart with timeframe M1 so that these checks get executed every minute. Conveniently, the EA will change its timeframe to M1 automatically if that's not already the case.
- Updated Setup example + description to reflect these changes.
- Code cleanup

Bug fixes:
- NFP news filter did not work properly.
- News are now displayed properly again on the chart from highest to lowest impact.
Versione 4.0 2020.10.02
Major performance upgrade with an almost entirely rewritten code base. This upgrade allows Take a Break to handle even large-scale chart setups while consuming a minimum amount of CPU power.

New features:
- From this version onward, the frequency of the news filter checks is controlled by the chart timeframe of the Take a Break EA.
- Only one single WebRequest URL needed.
- Manage multiple Chart Groups and Magic Numbers from one single Take a Break EA instance.

Please make sure to read the updated setup example and description of the indicator + EA.

Additional note to existing users:
- Before the update, add the URL "https://trading.custom-solutions.it" to the list of allowed WebRequest URLs (press CTRL+O, tab "Expert Advisors"). The old URLs can be deleted if not used by other EAs.
- Check your existing Take a Break setups. Make sure you change the chart timeframe of the EA to M1.
- Multiple instances of the EA may be combined into one single instance if you use the same TaB EA settings (news filter settings, daily loss limit etc) for all your charts. Simply enter your Chart Groups + EA Magic Numbers (separated by a comma) into the corresponding inputs of the EA.

As always, just contact me if you need any assistance.
Versione 3.5 2020.08.25
Split the parameter "Daily Profit/Loss Limit" into 2 separate inputs. Remember that the Loss Limit is always specified as a negative value (e.g. -100).
Versione 3.4 2020.08.25
Added new parameter "Daily Profit/Loss Limit calculation mode": if set to "Equity", TaB will close all trades immediately and stop trading for the day if Daily Profit/Loss + Floating Profit/Loss exceeds the "Maximum Daily Profit/Loss Limit" (default behavior).

Example:
- Maximum Daily Profit/Loss Limit = -100
- Daily Profit = 100
- Floating Loss = -200 -> All trades are closed.

If set to "Balance", TaB will close all trades and stop trading for the day if Daily Profit/Loss exceeds the "Maximum Daily Profit/Loss Limit" (= this option does not take the Floating Profit/Loss into account).
Versione 3.3 2020.08.11
Bug fixes:
- Terminal crashes / freezes on news time (when multiple instances of Take a Break are used).

Improvements:
- Improved internal news filter logic which should result in lower CPU usage. Feedback is welcome ;)
Versione 3.2 2020.07.20
Fixed a bug which created an infinite news download loop when multiple instances of Take a Break were used.
Versione 3.0 2020.07.16
Major improvements:
- No need to enter the "News Symbols" manually anymore. Take a Break will get all relevant news for each Chart Group automatically.
- Only those symbols are paused that are actually affected by the news. E.g. if you manage EURUSD and EURGBP in one Chart Group and there are news for GBP, only your EURGBP chart(s) will be paused.
- Likewise, if any "Close trades X minutes before ..." option is set, only those trades are closed that are actually affected by the news. E.g. if you manage EURUSD and EURGBP in one Chart Group and there are news for GBP, only your EURGBP will be closed.
- Revised Control Panel for a better overview of all filters and symbols managed in the current Chart Group.
- Optimized code structure.

Bug fixes:
- Fixed the "Close trades X minutes before ..." option. If there were many news within a short period of time, trades may not have been closed.
- Fixed the Spread filter which was not working properly after introducing the Chart Groups in version 2.0.
- Fixed an issue in the MT5 version where Take a Break was still active even after disabling Algo trading in the terminal or the EA settings.
Versione 2.1 2020.07.07
Refined news filters:
- Added parameter "Filter News Events" with the ability to filter for custom news events (e.g. PMI,Rate Statement,CPI).
- Added parameter "Filter News Symbols" with the ability to filter for custom news symbols (e.g. EUR,USD,GBP).

Removed parameters:
- "News for current symbol only"
Versione 2.0 2020.07.06
Major update - please reset all EA parameters to take full advantage of it.

Major improvements:
- Multi-chart handling is finally here! Please read the updated description for more information.

Added parameters:
- "Timezone to reset Daily Profit/Loss Limit"
- "Chart Group"

Removed parameters:
- "Chart ID"

Versione 1.40 2020.07.01
Fixed an issue with the Auto GMT Offset detection which can now also be disabled if it fails.
Versione 1.39 2020.04.28
- Added new parameter "Check filters on each new tick or by timer": Take a Break will now work OnTick again by default. OnTimer has some drawbacks under certain circumstances which might lead to terminal crashes and improper handling of templates. You can still use "OnTimer" (old behavior) but be aware that this might cause errors.
- Various minor code improvements
Versione 1.38 2020.03.15
Added new option "daily" for parameter "Close ALL trades on": all trades can also be closed on a daily basis now instead of a specific weekday.
Versione 1.37 2020.02.20
Fixed a bug in the trade closing logic when "Close ALL trades on" was selected.
Versione 1.36 2020.02.19
Added new parameter "Maximum Lots": if the lot size of all trades on the account >= Maximum Lots, the template for "trading is NOT allowed" will be applied.
Versione 1.35 2020.02.01
Removed parameters:
- "External EA - Close all open trades if trading is not allowed"

Added parameters:
- "Close trades X minutes before Non-Farm Payrolls/High/Medium/Low Impact News": You can now specify the trade closing time in minutes before a news release.
- "Time to reset Daily Profit/Loss Limit": Usually, the daily profit/loss limit is reset every day at midnight (00:00 terminal time). If you want to specify another reset time, you can now do so.
- "Close ALL trades on/at": You can now specify a specific weekday and time for closing ALL your trades (useful if you don't want to keep positions open over the weekend).

Changed parameters:
- "External EA - Delete Pending Orders": If this is set to "true", Pending Orders will also be deleted X minutes before Non-Farm Payrolls/High/Medium/Low Impact News or if a weekday and time for "Close ALL trades on/at" is selected.