Trend Line Price Alert - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource

This indicator will draw two trend lines on the chart it is on.

Trend lines may move around, acting as upper and lower alarm levels. When the mid-price crosses either level, a warning alert will be triggered.

Select the trading symbol you are interested in and display it in the chart window on the appropriate time frame. Load the PriceAlert indicator and optionally select the desired color for each trend line. Reposition the trendline to a level where you want to be notified when the middle price is reached.

Remember to turn on your speakers!

Attachment download

📎 PriceAlert_Ver_1-2.mq4 (7.86 KB)

Source: MQL5 #10348

Trendline Price Alerts – Important Things to Know Before Using the MetaTrader 4 Script

This page has been supplemented with structured instructions, focusing on the purpose of trading scripts, MT4/MT5 platform compatibility, testing procedures and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen trading scripts and are willing to do simulation verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around Trendline Price Alerts - MetaTrader 4 script . Related search terms include: trading script, MT4 script, MT5 script. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.