Sound Alert for Position Entry and Exit
Info
The Sound Alert for Position Entry and Exit is a Expert Advisor for MetaTrader 5 that plays a sound alert when a trading position is closed, whether through a market exit, reversal, or closing operation. The sound alert can be selected from the standard MetaTrader terminal package.
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 Sound Alert for Position Entry and Exit
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
Plays a sound alert when a trading position is closed, whether through a market exit, reversal, or closing operation.
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: Order Watchdog: Account Anomaly Alerts for MT5 - another powerful expert for MetaTrader 5 traders.
Plays a sound alert when a trading position is closed, whether through a market exit, reversal, or closing operation.Also recommended: Telegram Trade Notifier: Real-time Alerts and Daily Summaries - similar expert with strong performance on MetaTrader 5.
The sound alert can be selected from the standard MetaTrader terminal package.
Version 1.002 Update:
Added a new parameter for push notification functionality. This allows sending notifications to mobile terminals using MetaQuotes IDs specified in the options window under the "Notifications" tab.
This feature is disabled by default (set to false).
The format of the notifications is approximately as follows:
You may also like: Prop Spread: Time-Weighted Spread Monitor with ATR Context, Alerts, and CSV Logging - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.