Positions Change Informer
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Positions Change Informer
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
The Expert Advisor doesn't generate the deals independently, but is a "helper" designed to control positions' state. This Expert Advisor is a kind of a simplified variation of the Expert Advisor described in the , with the difference that the OnTradeTransaction() function is used and there is a processing of triggering of Stop Loss and Take Profit.
modification and deleting orders is not processed, only opening, reversal and closing.
triggering of Stop Loss and Take Profit is caught by the broker comments. But if the broker changed the default comments, only the information about closing a deal/position and a financial result in deposit currency will be displayed.
to display messages in any other language, you should write a file with a translation. For details read .
a functional is easy to integrate in any exterior Expert Advisor (it is enough to copy parameters, the code in OnInit() function and a function).
Set up:
download the PositionsChangeInformer.mq5 Expert Advisor files to the folder "MetaTrader 5\MQL5\Experts".
download the LanguagesEnum.mqh and Translator.mqh files to "MetaTrader 5\MQL5\Include" folder.
extract the archive with the language file to "MetaTrader 5\MQL5\Files\Languages" folder.
Parameters:
Sound filename
- the name of the sound file. It makes sense only if the previous parameter is equal to Sound. It can trigger any file in wav format which is located in MetaTrader 5\MQL5\Files folder. If there is no a file in the folder, the alert.wav file from MetaTrader 5\Sounds folder will be triggered.
Languages
- the language on which the generated messages will be translated. As only one language file for the Russian language is applied, there is a possibility to display messages in Russian and English (in case if not the Russian, but any other language will be selected).
Here are the results in the journal (output language parameter was changing at the same time):
