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Take a Break FREE

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.

The basic idea behind Take a Break is being able to use any EA or indicator you like, pause their operation during news releases, times of increased spreads or time-based and resume their normal operation afterwards.

To prevent unprotected trades, Take a Break will pause your external EAs only when they are not in the market during such times (= no open trades of the external EA).
If the external EAs are in the market already, the utility will pause them after all their open trades were closed - either manually or by their own algorithm.

Example: Let's assume you have a Scalper EA that uses Pending Orders for trading. Usually, this systems works well but you don't feel comfortable about trading during a particular news event, e.g. the NFPs (Non-Farm Payrolls). However, your Scalper EA does not come with a built-in news filter so that you need to stop its operation manually every time. This is where Take a Break comes into play as it will pause your EA's operation automatically by applying the filter settings you defined and continue trading afterwards. Of course, it also works the other way around: only trade during news time and pause trading afterwards.


Main features

  • Works with any Expert Advisor or Indicator
  • 5 built-in filters for protecting your trades:
    • news filter
    • maximum lots filter
    • spread filter
    • time filter
    • daily profit/loss limit


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)

    --- News Settings ---

    • Pause during NFP/High/Medium/Low Impact News: Enable/disable 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 symbol trades ("-1") or only those with the specified "External EA - Magic Numbers" (e.g. "1,2,3") 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' (independent of any magic number) 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.
    • 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 (independent of any magic number) 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/...".
    • 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" terminal time. If you want the daily limits to be reset in another timezone, enter it here (e.g. "CET"). See List of Timezone Abbrevations.
    • Close ALL trades on: In addition to the news filter, ALL trades (independent of any magic number) can be closed either daily or on a specific weekday at the time specified under "Close ALL trades at".

    --- Time Settings ---

    • Monday/Tuesday/Wednesday/Thursday/Friday/Saturday/Sunday Trading: Specify trading times as ranges for each weekday and separate them by a comma. 
      E.g. "04:00 - 06:00,20:00 - 22:00" will trade from 04:00 to 06:00 and from 20:00 to 22:00 (terminal time).


    Feedback, improvements or enhancements are appreciated.

    If you need any assistance, please contact me.

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    Versão 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
    Versão 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.
    Versão 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.
    Versão 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.
    Versão 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).
    Versão 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).
    Versão 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 ;)
    Versão 3.2 2020.07.20
    Take a Break FREE is back by user demand.

    You may use it on any currency pair of your choice to familiarize yourself with the settings. All EA operations are limited to 1 symbol and Chart Group "Default".
    Versão 3.1 2020.07.17
    Final Take a Break FREE version.
    Versão 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.
    Versão 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"
    Versão 2.0 2020.07.07
    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"
    Versão 1.40 2020.07.01
    Fixed an issue with the Auto GMT Offset detection which can now also be disabled if it fails.
    Versão 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
    Versão 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.
    Versão 1.37 2020.02.20
    Fixed a bug in the trade closing logic when "Close ALL trades on" was selected.
    Versão 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.
    Versão 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.
    Versão 1.34 2020.01.09
    Final adjustments for MT5 version: https://www.mql5.com/en/market/product/45264
    Versão 1.33 2019.12.30
    Bug fix release which fixes the Auto GMT detection.
    Versão 1.32 2019.12.06
    Another minor bug fix release:
    - Fixed "Array out of Range" error which caused the EA to stop working when it was active for a long time without terminal restart/re-initialization
    - Various minor code improvements
    Versão 1.31 2019.12.06
    Minor bug fix release:

    - Deposits/Withdrawals should not count towards Daily Profit/Loss Limit
    - Code improvements and preparation for MT5 version
    Versão 1.30 2019.11.25
    Major update - please reset all EA parameters to take full advantage of it. MT5 version coming soon!

    Major improvements:
    - Added parameter "Maximum Daily Profit/Loss Limit"
    - Added parameter "Apply this template if Daily Profit/Loss Limit is reached"
    - Added Auto GMT detection (add the URL "http://time.is" to the list of allowed WebRequest URLs in order for this to work)

    Minor improvements and bug fixes:
    - Fixed Spread Filter
    - Fixed several "Array out of range" errors which caused the EA to stop
    - Revised Time Settings ("00:00 - 24:00" is now "all day"; e.g. "05:00 - 06:00" will now trade from 05:00 - 05:59:59)
    Versão 1.20 2018.10.02
    Major improvements:
    - Improved time filter: you can now add unlimited time ranges for every weekday (including weekends for Bitcoin/Crypto trading). To do so, specify them as ranges and separate them with a comma like this:

    10:00 - 18:00,20:00 - 22:00,04:00 - 06:00

    Please note that the specified time ranges must be terminal/broker time in order to work properly.

    Minor improvements:
    - Changed default value for parameter "GMT offset of your broker" to "2" for upcoming winter time
    - Added parameter "External EA - Close all open trades if trading is not allowed" (disabled by default - use with caution)
    Versão 1.10 2018.07.17
    Bug fixes:
    - Some changes to input parameters needed a complete reinitialization of the EA before they were reflected properly

    Improvements:
    - Changed EA operation to use a millisecond timer instead of ticks