A $200 loss turns into a $2,000 loss, and it usually has nothing to do with the strategy. Emotion takes over after the first loss. PipsGuard takes the next trade off the table.
You lose a trade. Your plan says walk away. But something in your brain says "take one more and make it back." So you increase the lot size, skip the setup and trade on emotion.
By the end of the session, a $200 loss has become a $2,000 loss. You knew better and did it anyway. That is revenge trading, and it does more damage to accounts than any other habit.
Emotional Trading Block enforces a mandatory waiting period after every losing trade. For 5, 10 or 30 minutes (whatever you configure), you cannot open a new position.
Loss Streak sits on top of that. After 3 consecutive losses, trading is paused.
Max Floating Loss caps unrealized drawdown in real time, so a revenge trade that does get on can't keep running. With all three on, the revenge trade never gets placed.
Willpower is at its weakest right after a loss, when your judgment is already compromised. PipsGuard doesn't depend on it. It checks every order against your rules before it's placed.
Set the rules with a clear mind. PipsGuard enforces them when your mind isn't clear.
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