Every robot you build will have safety limits inside it, and you can always stop it yourself. This page explains what each limit does, and what it cannot do.
A limit stops new trades. It cannot stop prices from jumping, so a loss can sometimes go past the limit you set.
You choose the numbers. When a limit is reached, your robot stops opening new trades. You can change the numbers in your safety limits, but you cannot delete them.
Example: the account has lost 2% today, which is its daily loss limit, so the robot has stopped opening new trades until tomorrow.
Daily loss limit
Stops new trades for the day after a loss this size, as a share of the account.
2%
Stop loss on every trade
Each trade gets a price where it closes by itself if the market goes against you.
Always on
Trading hours
Only opens trades between these times, London time.
08:00 to 17:00
Pause around news
Stays out for this long before and after big news, when prices can jump.
30 min
After a loss of this size in one day, as a share of the account, your robot stops opening new trades until the next day.
Each trade gets a price where it closes by itself if the market goes against you. A trading robot must have one.
A trade bigger than this is not placed. Your robot never rounds a trade up to make it fit.
Once this many of its trades are open, your robot waits for one to close before it opens another.
Your robot opens trades only between the times you set, in the time zone you choose.
Your robot stays out for the minutes you set before and after big news, when prices can jump.
If you choose, your robot closes its trades on Friday at the time you set and waits until the market opens again.
If the account falls to the level you set, your robot stops opening trades, or closes its trades and stops, as you chose.
Every robot that trades has a Stop robot button in the corner of its chart. Press it, then choose:
It stays stopped, even after MetaTrader restarts, until you press Resume robot on its chart.
To stop every robot at once, switch off Algo Trading on MetaTrader's toolbar, or press Ctrl+E. Open trades stay open.
On your robot's chart
Press Stop robot
Choose Stop new trades or Stop and close its trades. Cancel changes nothing.
To start again, press Resume robot
The buttons do not show in the Strategy Tester.
One of the example robots opens no trades at all. It watches the whole account, including trades you open yourself and trades from other robots, and closes them when the account reaches a limit you set: for example a loss of 4% in one day or 8% in total, or before the weekend.
It cannot stop another robot, or you, from opening a new trade: it can only close trades after they open, and price gaps, slippage or a lost connection can take a loss past the limit.
Its numbers are examples, not any prop firm's rules. Check your firm's published limits and set your own.
Example settings
Some robots try to win back a loss by taking bigger and bigger trades. That can empty an account fast. The builder checks every robot and refuses these before anything is built.
The builder refuses a robot that
When you buy a robot, you name the MetaTrader 5 accounts it may run on. Here is what that lock does, and what it cannot stop.
Each robot file is made for one purchase and names its build when it starts. Our terms do not allow sharing the file or copying its trades to other accounts.
We will email you once, when TheTradingRobot opens.
