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
Boll Alert
Boll Alert is a monitoring tool for MetaTrader 5 designed to notify traders when price crosses Bollinger Band boundaries.
GitHub stars1
Forks0
Last update1 year ago25 Nov 2024
LicenceNone stated
Overview
Boll Alert scans multiple timeframes simultaneously, including minute, hourly, and daily periods, to identify potential breakout or mean-reversion signals. Users can configure the standard deviation and lookback period through input parameters. The program issues alerts via the terminal alert window but does not open, close, or manage trading positions. The logic is encapsulated in a class-based structure for efficient cross-period analysis.
- Multi-timeframe Bollinger Band scanning
- Real-time price crossover alerts
- Configurable period and deviation inputs
- Object-oriented MQL5 implementation
Details
Author
my05613828 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 boll_alert.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
_boll_period | int | 14 | 布林周期 |
_devs | double | 2.0 | 布林偏差 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone my05613828/boll_alert 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, and any .mqh files into the Include folder the code expects.
- 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.
Similar expert advisors
This MetaTrader 5 tool acts as a discretion helper for manual traders to simplify order execution. It automates trade entries by applying calculated risk percentages and setting predefined stop loss and take profit values in pips. The utility features integrated trailing stop functionality, allowing users to define spe
This MetaTrader 5 utility is a comprehensive manual trading panel and risk management suite. It simplifies order execution by calculating lot sizes based on a defined risk percentage of account equity. Users can manage trades via automated break-even points, multi-mode trailing stops including Fractals, Moving Averages
This utility for MetaTrader 4 and 5 automates trade execution based on trader-defined chart patterns. Users draw trendlines, horizontal lines, or channels, which the expert advisor monitors to place pending breakout orders. It handles trade entries, stop losses, and take profits according to specific object naming conv
This expert advisor functions as a manual trading assistant for MetaTrader 4 and MetaTrader 5, designed to simplify discretionary order management. It provides a graphical interface on the chart, allowing users to execute trades with pre-defined risk parameters. The tool includes options for percentage-based risk calcu
This MetaTrader 5 expert advisor scans over 60 financial instruments to identify Turtle Soup reversal setups based on Candle Range Theory. It monitors price action for specific three-candle patterns involving a range, a false breakout with a long wick, and a subsequent reversal. The EA operates as an alert-only utility
Need a broker for MT5?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers