This risk management tool for MetaTrader 4 and 5 calculates optimal lot sizes based on user-defined risk parameters, account balance, and currency. It provides a graphical user interface for setting entry, stop loss, and take profit levels visually on the chart. The expert advisor accounts for commissions, swaps, and m
Utility · MT5
Alert Message On Price Reached
This MetaTrader 5 tool monitors the market price of a financial instrument and sends a push notification to the mobile terminal once a user-defined price level is reached.
GitHub stars2
Forks0
Last update7 years ago31 Oct 2018
LicenceNone stated
Overview
The utility utilizes a single input parameter to specify the target Ask price. Upon hitting the target, the expert advisor triggers the notification and stops further checks to prevent duplicate alerts. It functions strictly as a notification utility and does not execute trades, manage orders, or handle account risk.
- Mobile push notification delivery
- Target price level monitoring
- Single-use alert trigger logic
- Simple Ask price comparison
Details
Author
reuniware on GitHub
Type
Utility
Platform
MetaTrader 5 (MQL5)
Markets
Any symbol
Timeframes
Any timeframe
Risk Profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA Files
Input Parameters
Read from AlertMessageOnPriceReached.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
askPriceToReach | double | 1 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone reuniware/AlertMessageOnPriceReached-MT5 from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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