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Take a Break Indicator MT5

5
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 examples (Indicator + EA)

As a prerequisite, add the URL https://trading.custom-solutions.it to the list of allowed WebRequest URLs (press CTRL+O, tab "Expert Advisors").

Basic/auto setup (1 TaB EA for managing all charts/EAs)

You want 1 Take a Break EA to manage all other charts/EAs, using the same filter settings for news, drawdown etc for all of them:

  1. Add the indicator with default settings to all charts that should be managed by the Take a Break EA (those with the EAs to pause).
  2. Add the Take a Break a Break EA with default settings to any M1 chart.

Advanced setup* (1 TaB EA for managing some charts/EAs only)

You want 1 Take a Break EA to manage only 2 other charts/EAs on EURUSD and GBPUSD, using specific filter settings for news, drawdown etc only for these 2 charts/EAs:

  1. Add the indicator to the EURUSD chart, either with default settings or specify EURUSD explicitly as the Chart Group.
  2. Add the indicator to the GBPUSD chart, either with default settings or specify GBPUSD explicitly as the Chart Group.
  3. Add the Take a Break a Break EA to any M1 chart and specify EURUSD,GBPUSD in the parameter Which Chart Groups should be managed?.

That's it! Take a Break will now take care of your other EAs by applying the filter settings you defined.

* Note that only the paid version gives you full flexibility to set up multiple TaB EAs with different filter settings for different charts/EAs.


Parameters (excerpt)

  • Recreate default templates?: Only applicable to "Template type to create" = "Trade IS allowed". If you use the default, auto-created templates for "Trading is NOT allowed" and "Profit/Loss Limit reached" and want them to use the latest settings of the "Trade IS allowed" template (e.g. after you changed the "Label Color"), you can recreate these template types by enabling this option. Note that this will overwrite the existing ones for this Chart Group. Thus, this option should not be enabled if you use custom templates for "Trading is NOT allowed" and "Profit/Loss Limit reached".


General information

  • EA version 4.0 has been a 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. From this version onward, the frequency of the news + time filter checks is controlled by the chart timeframe. Due to this, Take a Break EA must be run on a chart with timeframe M1 so that these checks get executed every minute. Conveniently, the EA will change its timeframe automatically if it was not attached to an M1 chart right away.  
  • From indicator version 1.30 onward, the chart templates for "Trading is NOT allowed" and "Profit/Loss Limit reached" are auto-created if they do not exist already. That should facilitate the setup process for most use cases of Take a Break. If you want to create custom chart templates (e.g. you want another EA to trade during news) or want to overwrite existing ones, do the following:
    • Setup a chart with all required EAs/indicators.
    • Attach the Take a Break indicator to this chart.
      Specify the corresponding "Chart Group".
      Select the "Template Type" you want to create/overwrite ("Trading IS allowed" / "Trading is NOT allowed" / "Profit/Loss Limit reached").


Feedback, improvements or enhancements are appreciated.

If you need any assistance, please contact me.

Comentários 5
Apdullah96
34
Apdullah96 2024.06.13 10:18 
 

Very nice and helpfull guy. Thanks for youre help :)

Calogero Vella
562
Calogero Vella 2024.04.25 21:03 
 

Super Unterstützung. Nur zu empfehlen. Und der Entwickler ist vollst bemüht zu helfen. Klasse 1

Gusbo75
301
Gusbo75 2024.01.05 18:30 
 

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!

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Agora US $ 147 (aumentando para US $ 499 após algumas atualizações) - Contas ilimitadas (PCs ou Macs) Manual do usuário do RelicusRoad + vídeos de treinamento + acesso ao grupo de discórdia privado + status VIP UMA NOVA FORMA DE OLHAR PARA O MERCADO O RelicusRoad é o indicador de negociação mais poderoso do mundo para forex, futuros, criptomoedas, ações e índices, oferecendo aos traders todas as informações e ferramentas necessárias para se manterem rentáveis. Fornecemos análises técnica
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
Este painel mostra os últimos   padrões harmónicos   disponíveis para os símbolos seleccionados, pelo que poupará tempo e será mais eficiente /   versão MT4 . Indicador gratuito:   Basic Harmonic Pattern Colunas do indicador Symbol :   aparecem os símbolos seleccionados Trend :   de alta ou de baixa Pattern :   tipo de padrão (gartley, borboleta, morcego, caranguejo, tubarão, cifra ou ABCD) Entry :   preço de entrada SL:   preço de paragem de perda TP1:   preço do 1º take profit TP2:   preç
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Torne-se um Negociador Breaker e lucre com as mudanças na estrutura do mercado à medida que o preço reverte. O indicador de quebra de bloco de pedidos identifica quando uma tendência ou movimento de preço está chegando à exaustão e pronto para reverter. Ele o alerta sobre mudanças na estrutura do mercado, que normalmente ocorrem quando uma reversão ou uma grande retração está prestes a ocorrer. O indicador usa um cálculo proprietário que identifica rupturas e momento do preço. Toda vez que
Antes de tudo, vale ressaltar que esta Ferramenta de Negociação é um Indicador Não Repintante, Não Redesenhante e Não Atrasado, o que a torna ideal para negociação profissional. Curso online, manual do utilizador e demonstração. O Indicador de Conceitos de Ação de Preço Inteligente é uma ferramenta muito poderosa tanto para traders novos quanto experientes. Ele combina mais de 20 indicadores úteis em um único, combinando ideias avançadas de negociação como Análise do Trader do Círculo Intern
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
Difícil de encontrar e com pouca frequência, as divergências são um dos cenários de negociação mais confiáveis. Este indicador localiza e verifica automaticamente divergências ocultas e regulares usando seu oscilador favorito. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Fácil de trocar Encontra divergências regulares e ocultas Suporta muitos osciladores conhecidos Implementa sinais de negociação baseados em fugas Exibe níveis adequados de
Easy By Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. My othe
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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 examples (Indicator + EA) As a prerequisite, add the URL https://trading.custom-solutions.it to the list of
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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
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Apdullah96
34
Apdullah96 2024.06.13 10:18 
 

Very nice and helpfull guy. Thanks for youre help :)

jotjot
297
jotjot 2024.05.09 16:52 
 

O usuário não deixou nenhum comentário para sua avaliação

Calogero Vella
562
Calogero Vella 2024.04.25 21:03 
 

Super Unterstützung. Nur zu empfehlen. Und der Entwickler ist vollst bemüht zu helfen. Klasse 1

Gusbo75
301
Gusbo75 2024.01.05 18:30 
 

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
7479
Resposta do desenvolvedor Eric Emmrich 2024.01.05 18:39
Many thanks for taking the time for a review! Delighted to read about your positive experience with TaB :)
Aleksandr Tamonin
4107
Aleksandr Tamonin 2021.01.24 12:05 
 

O usuário não deixou nenhum comentário para sua avaliação

Responder ao comentário
Versão 3.11 2024.08.28
Some improvements have been made behind the scenes for an even smoother interaction between the EA and the indicator, especially regarding the new auto setup mode.
Versão 3.10 2024.08.27
This version contains important bug fixes for the auto setup mode.

Fixes:
- Auto setup mode: newly added chart symbols were not correctly retrieved right away, only after a terminal restart.
- Auto setup mode: algo trading got disabled when the indicator was placed on a chart with Chart Group "- auto -".

Improvements:
- Better visual indication for the chart mode: green info panel = trading is allowed, red info panel = trading is not allowed.
When the info panel is red, make sure that there is no EA on this chart. Otherwise it means that the EA will continue to trade, even during actual TaB pause time.
Versão 3.0 2024.08.13
It's been a while since the last update. Here's what it features:

- TaB will now start up significantly faster due to some internal optimizations of the news download. If you want maximum performance and do not need the news lines on the charts, it is recommended to set the parameter "Draw News Lines on Chart = false" in both the indicator + EA.
- TaB now supports an auto setup mode! Just add the indicator with default settings to all charts that should be managed by TaB and you are good to go - TaB will then create all chart groups automatically, while maintaining full compatibility with any custom chart groups that may already exist.

I hope that this will make the setup process more straightforward for most users. Make sure to update the EA and indicator to the latest version to benefit from these improvements.
Versão 2.12 2023.06.19
This release aims at resolving 2 bugs and improving the overall user experience.

Bug fixes:
- "Indicator is too slow" warning on some (low-spec) systems should finally be fixed. Please report if not.
- Infinite "Retrieving symbols to manage, please wait ..." loop should be fixed, too. If this message still appears for too long, please restart your MetaTrader terminal.

Improvements:
- Renamed parameter "Template type to create" to "Chart Mode" to better reflect its purpose.
- Added notes explaining the purpose of the "Recreate default templates" parameter.
- Added an info panel in the lower right chart corner with a comprehensive description of each chart mode.
Versão 2.11 2023.02.21
Another small update following user feedback that improves the overall indicator performance.
Versão 2.10 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 EA to version 5.53 as soon as it's available.
Versão 2.0 2023.02.20
Due to changes in MetaTrader's codebase, it has become possible that multiple TaB indicators can be added to the same chart. This then lead to messed up templates.

The indicator now makes sure that there is only one TaB indicator per chart. Some minor issues affecting initial template creation were fixed as well.
Versão 1.90 2022.12.03
Reliability was improved so that messed up template overwrites should no longer happen.
Be sure to update!
Versão 1.80 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.
Versão 1.73 2021.09.18
Minor improvement: add a note about a short & simple Chart Group name to avoid problems.
Versão 1.72 2021.01.25
Added parameters:
- "Draw News Lines on Chart": if set to "true" (default), displays the relevant news on each symbol's chart as well. Note that this option requires EA version >= 4.93.
- "Show Label": should you decide to "Draw News Lines on Chart", you may want to hide the label "Take a Break EA Settings" for a better overview.
Versão 1.71 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!
Versão 1.70 2021.01.16
New Year, New Updates - Happy New Year to all of you!

This version introduces a new template management mode for Take a Break which facilitates working with the created template files. Please restart your MetaTrader terminal after this update to take full advantage of it. On startup, your current template files will be migrated conveniently.

Also, you may want to clean up the old template files afterwards (as this cannot be done automatically due to file security restrictions in MetaTrader):

- right-click on a chart, select "Templates -> Remove Template" and remove all TaB* prefixed templates OR
- delete all TaB* prefixed files in "[TERMINAL_DATA_FOLDER]\Profiles\Templates\" (MT5) / "[TERMINAL_DATA_FOLDER]\templates\" (MT4) and restart your terminal again

Other improvements:
- Fixed a bug which caused the chart template type not to be recognized correctly. That mainly happened if another order management EA was used that interfered with Take a Break's work.
- Removed parameter "Save template file?". Template files are always saved now.
Versão 1.60 2020.12.19
Added parameters:
- "Recreate default templates": if set to "true", the default chart templates for "Trading is NOT allowed" and "Profit/Loss Limit reached" are recreated/overwritten forcibly even if they exist already.
Versão 1.50 2020.11.24
Improved handling of Global Variables.
Versão 1.40 2020.10.02
Preparation for upcoming new major version 4.0 of the Take a Break EA. Make sure to update!
Versão 1.30 2020.09.28
Setup made easy: Template Types for "Trading is NOT allowed" and "Profit/Loss Limit reached" are now auto-created if they do not exist already.

This should facilitate the setup process for most use cases of Take a Break. Of course, you can still overwrite these templates if you wish to create custom ones.

Next up is an update of the EA which fixes its high CPU usage on setups with many charts. This update will be released within the next few days.
Versão 1.20 2020.08.26
- Improved indicator performance.
- Fixed a bug which caused freezing/unresponsive terminals after applying the indicator to a chart. This issue affected EAs with Graphical interfaces.
Versão 1.10 2020.08.23
Added new parameter "Save template file": if set to "true" (default), the template file for the desired Chart Group will be saved and (re)created automatically every time the indicator is added to a chart. Thus, any changed EA settings will automatically be updated in the corresponding template as well.

If set to "false", no template file will be saved or created. In this case, you need to keep your template updated manually. The indicator will only act as an identifier for the EA then.