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Revenge Trading Protector MT 5

Understanding Revenge Trading Protector MT5

  • The Revenge Trading Protector is specifically designed for traders susceptible to emotional trading, especially after incurring losses. 🎯
  • This tool serves as a safeguard against impulsive decision-making, allowing time to recover psychologically after a loss.

    • Features of Revenge Trading Protector

  • **Timed Trade Lock**: After a loss, the EA blocks all new trades for a specified time set by the user. For example, losing at 10:45 am means no new trades can be made until 11:15 am, based on a 30-minute lock setting.
  • **Equity Drawdown Management**: If a user exceeds a pre-set drawdown percentage for the day, the EA prevents any new trades for the rest of the day to avoid escalating losses. This functionality is crucial for long-term trading sustainability. 💡

    • Configuration Options

  • Users can set three primary parameters:
  • **Max DD**: Represents the maximum drawdown threshold percentage before restrictions are applied.
  • **MinutesBlock**: Indicates the duration in minutes after a loss during which the EA restricts trading.
  • **HoursBlock**: Similar to MinutesBlock but allows for longer trading pauses if necessary.

    • Psychological Aspect of Trading

  • Developed by an experienced day trader, the EA encapsulates the emotional struggles traders face. It reinforces patience and discipline, encouraging a more strategic approach to trading.
  • The EA acts as a virtual accountability partner, alerting traders when they attempt to go against their predefined rules. 😅

    • User Experiences

  • The tool has received positive feedback, with a rating of 5.0, indicating that users find it effective in managing revenge trading urges. Reviews highlight how the protector has significantly reduced instances of emotional trades post-loss.
  • Users mention the clarity and responsiveness of the alerts provided by the EA, contributing to a more disciplined trading experience.

    • Welcome, aspiring trading aficionados! If you’ve ever found yourself in the emotional pit of 'revenge trading', worrying your next loss is a betrayal to your hope, you may have stumbled upon a savior here—a trading protector! But hang on, is it really more of a guardian angel ...

    Release Date: 17/06/2023

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