Trend Cross with Alert MT5 EA

Overview

The Trend Cross Alert is an Expert Advisor for MetaTrader 5, designed to automate trading based on signals from the custom "Trend-Cross Alert" indicator. Perfect for traders focusing on trend reversals, it detects buy and sell signals and executes trades with fixed lot sizes, stop loss (SL), and take profit (TP) levels. Its strength lies in its reliable indicator integration and automated trade execution, offering a streamlined tool for trend-based trading strategies.

Features

This Expert Advisor delivers a robust trading system. Indicator Integration: Uses the "Trend-Cross Alert" indicator (parameters: period 14, multiplier 2, threshold 30, factor 2.0, PRICE_CLOSE) to generate signals via two buffers (arrow_up, arrow_down). Signal Detection: Triggers a buy when arrow_up[1] is not EMPTY_VALUE, or a sell when arrow_down[1] is not EMPTY_VALUE, checked on new bar formation. Trade Execution: Places 0.01-lot trades (buy at Ask, sell at Bid) with 400-pip SL and 500-pip TP (e.g., Buy: SL = Bid - 400 points, TP = Bid + 500 points), only if no positions are open. Error Handling: Validates indicator handle and buffer data, logging errors for failed initialization or data retrieval. Efficient Execution: Processes signals on new bars, adds the indicator to the chart, and uses array series for accurate signal reading.

Benefits

The Trend Cross Alert simplifies trend trading by automating signal detection and order placement, enabling traders to capture trend reversals without constant monitoring. Its predefined SL/TP settings ensure risk management, while the new-bar check optimizes performance, making it ideal for beginners or automated trading enthusiasts. The lightweight design integrates seamlessly with MetaTrader 5. Supported by Allan Munene Mutiiria, this Expert Advisor provides a dependable solution for trend-following strategies.

Specifications

• Type: Digital software (Expert Advisor for MetaTrader 5)
• Platform: MetaTrader 5
• Language: MQL5
• Version: 1.00
• Developer: Allan Munene Mutiiria - https://t.me/Forex_Algo_Trader
• Link: https://youtube.com/@ForexAlgo-Trader
• Requirements: Active MetaTrader 5 platform, "Trend-Cross Alert" indicator
• Indicator: Custom "Trend-Cross Alert" (buffers 4, 5; period 14, multiplier 2, threshold 30, factor 2.0, PRICE_CLOSE)
• Trade Settings: 0.01 lots, 400-pip SL, 500-pip TP, buy at Ask, sell at Bid
• Functionality: Detects trend-cross signals, places buy/sell orders if no positions open
• Execution: New-bar signal check, tick-based processing
• Output: Trade execution, chart indicator display, debug prints (signals, errors)