EA or Script that only allows ONE trade open at a time on MT4 | Forex Factory

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EA or Script that only allows ONE trade open at a time on MT4

  • #1
  • First Post: Jun 9, 2022 9:30pm Jun 9, 2022 9:30pm
Hello, Ive noticed most of the times i get into trouble while trading is when i break my #1 rule which is only one trade open at a time on a pair.

Greed and cockiness kicks in after i had few winners and i enter a second trade and i get into trouble and a spiral starts to happen and i give more back to market then i should.

So if anyone has something that would block out any new trades on the pair I would really appreciate it

thank u so so much!
  • #2
  • Jun 9, 2022 9:58pm Jun 9, 2022 9:58pm
Quoting allanpizzoni
Hello, Ive noticed most of the times i get into trouble while trading is when i break my #1 rule which is only one trade open at a time on a pair. Greed and cockiness kicks in after i had few winners and i enter a second trade and i get into trouble and a spiral starts to happen and i give more back to market then i should. So if anyone has something that would block out any new trades on the pair I would really appreciate it thank u so so much!
Nothing can block you to trigger a manual trade ... Just stay away from your platform if you don't want to open a 2nd trade.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Jun 10, 2022 11:22pm Jun 10, 2022 11:22pm
Quoting allanpizzoni
Hello, Ive noticed most of the times i get into trouble while trading is when i break my #1 rule which is only one trade open at a time on a pair.
//-----

lower your leverage...... which is not the best solution....

an account with 1:1 might max out at 1 trade......

an account with 50:1 might max out 1000 trades.....

keep in mind, if you know the cause and you know the effect, then by default you must know the best solution..... don't break rule #1......

of course for those of us with a reserved front row seat in 'over traders anonymous', its like telling a drug addict to just say no.....h
to trade and code, keep both simple... no call to impress....h
  • #4
  • Jun 15, 2022 7:39pm Jun 15, 2022 7:39pm
Quoting FerruFx
{quote} Nothing can block you to trigger a manual trade ... Just stay away from your platform if you don't want to open a 2nd trade.
oh wow, nothing at all huh? not even if a ea or script created just for that?
  • #5
  • Jun 15, 2022 7:39pm Jun 15, 2022 7:39pm
Quoting hayseed
{quote} //----- lower your leverage...... which is not the best solution.... an account with 1:1 might max out at 1 trade...... an account with 50:1 might max out 1000 trades..... keep in mind, if you know the cause and you know the effect, then by default you must know the best solution..... don't break rule #1...... of course for those of us with a reserved front row seat in 'over traders anonymous', its like telling a drug addict to just say no.....h
yes i agree. Following rules in tough weeks can be difficult.
  • #6
  • Jun 15, 2022 8:57pm Jun 15, 2022 8:57pm
Quoting allanpizzoni
{quote} oh wow, nothing at all huh? not even if a ea or script created just for that?
Manual trade can't be stopped by a script/EA.
MT4/MT5 EAs/Indicators/Alerts coder
  • #7
  • Jun 16, 2022 11:39am Jun 16, 2022 11:39am
Quoting FerruFx
{quote} Manual trade can't be stopped by a script/EA.
thanks!
  • #8
  • Last Post: Jan 21, 2026 7:10am Jan 21, 2026 7:10am
Quoting FerruFx
{quote} Nothing can block you to trigger a manual trade ... Just stay away from your platform if you don't want to open a 2nd trade.

What about an EA that stops others EAs from placing more than one trade

That is if an EA places another trade it closes the first trade first before placing the second
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