iam running a EA on my metatrader 5. Trying to add this indicator for the drawdown control, but its not happening. There is no proper instruction to attach the indicator to chart and iam unable to attach the indicator to the chart as chart is only taking either my EA or take a break mt5 indicator. Need help. Kindly attach video of describing how to attach the indicator. Otherwise its useless for me.
Carlosdel123 #: Yes, this locking feature might be very useful.
I think the magic number should the same than in the parameters.
I evaluated this request again and came to the conclusion that this functionality will not be added to TaB.
The problem with this locking feature is that TaB is not supposed to open trades by itself. It should just manage trades opened by other EAs. If TaB now starts opening lock orders, they again need to be managed somehow. It's not assured that the other EA will pick them up and - most importantly - manage them properly only because they have the same magic number.
Additionally, it would add just another layer of complexity to TaB which already contains a set of parameters that can be quite overwhelming.
Have you opened an FAQ section on a website? (comment I saw earlier).
I also think that everyone would benefit from it if there could be examples of practical cases and the right parameterization associated.
From my side, I search only this configuration : I want to have a 50% hard stop loss on my external EA. That is, all trades have to closed if the DD drops to 50%.
Optional: that the trades stop for the day if possible but it is incidental.
Can you tell me by looking at the attached screenshot if I used the correct fields please? I touch only this :
Maximum loss for trade close : -"50.0"
Profit/Loss values are specified in : "Percent of Account Balance"
(I didn't touch anything else and I set the indicator well)
Have you opened an FAQ section on a website? (comment I saw earlier).
I also think that everyone would benefit from it if there could be examples of practical cases and the right parameterization associated.
From my side, I search only this configuration : I want to have a 50% hard stop loss on my external EA. That is, all trades have to closed if the DD drops to 50%.
Optional: that the trades stop for the day if possible but it is incidental.
Can you tell me by looking at the attached screenshot if I used the correct fields please? I touch only this :
Maximum loss for trade close : -"50.0"
Profit/Loss values are specified in : "Percent of Account Balance"
(I didn't touch anything else and I set the indicator well)
Many thanks
No, sorry It's those parameters i have to change : - ACCOUNT PROTECTION Maximum Daily Loss Limit : -50.0 - Only that?
I want to use Ea "Take a Break MT5" for 12 Trading Accounts, but Mql5 is limited to 10 loads only. 12 This trading account, I log in with my 1 name.
I am new to Mql5 for the first time, Can you guide me?
Hi there & thank you for your purchase!
MQL5 activations are tied to the hardware ID of your PC. So if you set up the 12 MT5 terminals on the same PC / VPS, then only 1 TaB activation is used.
MQL5 activations are tied to the hardware ID of your PC. So if you set up the 12 MT5 terminals on the same PC / VPS, then only 1 TaB activation is used.
Hope that helps.
Regards, Eric
Hi Eric!
Thank you for responding. I did it the way you suggested, it's great.
I'm setting up: enable high impact news filter and Non-Farm for trading EURUSD only (Delete S/L + TP before news and restore after, stop EA entry 180 minutes before and after news) .
But in the news, the EA still entered the order?
Can you guide me?
I am using an EA with Dll. So 1 MT5: I put Ea in the order; and MT5: I installed Ea Take a Break MT5 and Take a Break Indicator MT5.
iam running a EA on my metatrader 5. Trying to add this indicator for the drawdown control, but its not happening. There is no proper instruction to attach the indicator to chart and iam unable to attach the indicator to the chart as chart is only taking either my EA or take a break mt5 indicator. Need help. Kindly attach video of describing how to attach the indicator. Otherwise its useless for me.
Hey all,
please follow the setup instructions provided in the indicator description: https://www.mql5.com/en/market/product/51828
If that does not work for you, please reach out to me by private message so that we can arrange a 1:1 TeamViewer session to investigate the issue.
Thank you & have a good weekend.
Regards,
Eric
Can you please add option to lock open trades instead of closing them?
I can try. I guess they should then be opened with the same magic number as the locked trade?
I can try. I guess they should then be opened with the same magic number as the locked trade?
Yes, this locking feature might be very useful.
I evaluated this request again and came to the conclusion that this functionality will not be added to TaB.
The problem with this locking feature is that TaB is not supposed to open trades by itself. It should just manage trades opened by other EAs.
If TaB now starts opening lock orders, they again need to be managed somehow. It's not assured that the other EA will pick them up and - most importantly - manage them properly only because they have the same magic number.
Additionally, it would add just another layer of complexity to TaB which already contains a set of parameters that can be quite overwhelming.
If you really want to go with the hedging approach, there are plenty of other EAs that can be used for that: https://www.mql5.com/en/market/mt5/expert?filter=Lock
And they can already be used in combination with TaB as follows:
Next time trading is not allowed due to news or other TaB filters, the hedging EA will be loaded and can then take care of locking properly.
Hope that helps.
Regards,
Eric
Would it be possible to check for total magic number trade profit instead of trade by trade?
To which setting or section are you referring to?
To which setting or section are you referring to?
There is an option for minimum profit for trade close. I haven't tried it. I am assuming this is per trade. Is this correct?
If it is per trade, it would be great to be able to close trades based on a total profit amount for combined magic number trades before a news event.
There is an option for minimum profit for trade close. I haven't tried it. I am assuming this is per trade. Is this correct?
If it is per trade, it would be great to be able to close trades based on a total profit amount for combined magic number trades before a news event.
This is calculated for all orders managed by the current TaB EA instance, not per trade. So it should already be what you are looking for.
If you are unsure about one of TaB's parameters, you can always download the free version and play around with it on a demo account.
Can you tell me by looking at the attached screenshot if I used the correct fields please? I touch only this :
Many thanks
Can you tell me by looking at the attached screenshot if I used the correct fields please? I touch only this :
Many thanks
No, sorry
It's those parameters i have to change :
-
ACCOUNT PROTECTION
Maximum Daily Loss Limit : -50.0
-
Only that?
No, sorry
It's those parameters i have to change :
-
ACCOUNT PROTECTION
Maximum Daily Loss Limit : -50.0
-
Only that?
Hey there,
yes, that should be sufficient for the use case you describe.
Just be sure to also set "Daily Profit/Loss values are specified in: Percent of Account Balance" then :)
Also, to play around with different TaB settings, I usually recommend to download the free version on a demo account.
Cheers,
Eric
Salut,
oui, cela devrait être suffisant pour le cas d'utilisation que vous décrivez.
Assurez-vous simplement de définir également "Les valeurs quotidiennes de profit/perte sont indiquées dans : Pourcentage du solde du compte", puis :)
De plus, pour jouer avec différents paramètres de TaB, je recommande généralement de télécharger la version gratuite sur un compte de démonstration.
Bravo Éric
thanks :)
You have successfully activated Take a Break MT5 2023.03.11 13:27 +01:00. Check a message in your trading platform Journal.
You can activate the product on other computers 9 times using your MQL5.com account (see the paragraphs IV.9 and IV.10 of the Rules)."
Hi there & thank you for your purchase!
MQL5 activations are tied to the hardware ID of your PC. So if you set up the 12 MT5 terminals on the same PC / VPS, then only 1 TaB activation is used.
Hope that helps.
Regards,
Eric
Hi there & thank you for your purchase!
MQL5 activations are tied to the hardware ID of your PC. So if you set up the 12 MT5 terminals on the same PC / VPS, then only 1 TaB activation is used.
Hope that helps.
Regards,
Eric
Can you guide me?
I am using an EA with Dll. So 1 MT5: I put Ea in the order; and MT5: I installed Ea Take a Break MT5 and Take a Break Indicator MT5.
Hope you help?