Positions Change Informer
Info
The Positions Change Informer is a Expert Advisor for MetaTrader 5 that the expert advisor is designed to assist in managing positions, acting as a 'helper' rather than generating deals independently. It is a simplified version of the expert advisor described in the 2026 article, utilizing the OnTradeTransaction() function and incorporating stop loss and take profit handling.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install 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.
What this tool does
The expert advisor is designed to assist in managing positions, acting as a 'helper' rather than generating deals independently.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Triangle Hedge: Synthesizing Hedged Positions in MetaTrader 5 - another powerful expert for MetaTrader 5 traders.
The expert advisor is designed to assist in managing positions, acting as a 'helper' rather than generating deals independently. It is a simplified version of the expert advisor described in the 2026 article, utilizing the OnTradeTransaction() function and incorporating stop loss and take profit handling.Also recommended: Close All Positions on Maximum Loss - similar expert with strong performance on MetaTrader 5.
This expert advisor focuses on opening, reversing, and closing orders, without modifying or deleting them. It captures stop loss and take profit triggers through broker comments, but if the broker alters the default comments, only basic information about deal/position closure and financial results in the deposit currency will be shown.
To enable multilingual messaging, create a translation file. For detailed instructions, refer to the 2026 article.
Integration into external expert advisors is straightforward, requiring only parameter copying, the OnInit() function, and a function.
Setup:
- Download the PositionsChangeInformer.mq5 expert advisor files to the folder 'MetaTrader 5\MQL5\Experts'.
- Download the LanguagesEnum.mqh and Translator.mqh files to the 'MetaTrader 5\MQL5\Include' folder.
- Extract the language file archive to the 'MetaTrader 5\MQL5\Files\Languages' folder.
Parameters:
- Sound Filename: Specify the sound file name. This is relevant only if the previous parameter is set to 'Sound'. It can play any WAV file located in the 'MetaTrader 5\MQL5\Files' folder. If the specified file is missing, the 'Alert.wav' file from the 'MetaTrader 5\Sounds' folder will be played.
- Languages: Select the language for message translation. Currently, only a Russian language file is provided, allowing messages in Russian and English. The journal output below demonstrates the effect of changing the 'Output Language' parameter:
You may also like: exp exchange price - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <translator.mqh>
enum enum_alert_type {
alert, // alert
sound, // sound
email // e-mail
};
input enum_alert_type inpalerttype = alert; // alert type.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.