Strategy - Set it and forget it (with alert system) - MT5 - MetaTrader 5 Expert - MetaTrader 5 Resources
This strategy is known as the "set it and forget it" strategy in alarm systems. It is very useful in different trading scenarios. I urge you to always use the tools of the trade, it will make your life easier. So instead of watching the chart and time all day long, you can use this indicator to watch the chart for you.
How to use it:
You can check out the following video to show you 2 scenarios where an alert system is useful for a "set it and forget it" strategy.
The script has 2 inputs, namely
Attachment download
📎 alertingsystem.mq5 (2.66 KB)
Source: MQL5 #31843
Strategy - Set it and forget it (with alert system) - MT5 - MetaTrader 5 expert usage and screening advice
Strategy - Set it and forget it (with alert system) - MT5 - MetaTrader 5 Expert is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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