Suggestions on terminating EA when it starts losing

[richard96816]

Would appreciate some ideas on good ways to decide when to auto-terminate when EA starts losing.

Thanks!

[moreirajbn]

@richard96816

There is a blue block called "Check profit (period of time)". Negative profit means losses, so if you define how much loss you tolerate, you can use that block as a filter... If losses are greater than X USD in a day/week/month/year, close all positions and block opening new ones.

[richard96816]

@moreirajbn Thanks for your response.

That was my first thought too. Seems kind of simplistic. Good enough, I guess.

Thanks.

[josecortesllobat]

You can try the trade "expiration" time. It might be surprising the results you can get with this simple condition.