Trendlines and Horizontal lines crossing notification EA
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 Trendlines and Horizontal lines crossing notification EA
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
This EA searches for Horizontal and Trend lines of specified color in
MonitoringColor
on current chart and notifies you when price crosses them.
When it happens, after the notification, it also changes line color to what specified in
CrossedColor
parameter and stops monitoring for price crosses on it, until the user changes its color again.
You can choose what type of notification you want setting appropriate input parameters:
EnableAlert
shows a popup alert on price cross
EnableNotifications
sends a mobile notification if you configured it on MT5
I'm sharing this code primarily because I need it for my personal trading and I haven't found something similar working well, but also because I'm switching from MQL4 to MQL5 and would like to know from the community if I'm doing it the right way.
Example setup:
Hope you enjoy it,Strx.
