Yes, it is possible, but it depends on what kind of alerts you want.

Push notifications (to your phone)

MetaTrader itself can send push notifications.

To use this:

Open MetaTrader

Go to Tools → Options → Notifications

Enable “Enable Push Notifications”

Enter your MetaQuotes ID (from the MetaTrader mobile app)

Click OK

Once this is set up, the EA can send notifications through MetaTrader when it opens or closes trades (if alerts are enabled in the EA settings).

Email alerts

MetaTrader can also send email alerts, but this requires manual setup:

Go to Tools → Options → Email

Configure an email server (SMTP)

Enable “Enable”

Test the email setup to make sure it works

Email alerts depend on correct email server configuration, which can be more complex than push notifications.

Recommendation

For most users, push notifications are simpler and more reliable than email alerts.

Hello. Thank you for your message. To receive email alerts, configuring the setting within the indicator's inputs is not enough; you must also set up the global email parameters in your MetaTrader 5 terminal.

Please follow these steps to configure your platform:

Go to Tools -> Options (or press Ctrl+O).

Select the "Email" tab.

Check the "Enable" box.

Fill in the SMTP server, SMTP login, and SMTP password of your email provider. (Note: Many providers like Gmail require a specific "App Password" rather than your standard account password).

Enter the sender's and recipient's email addresses.

Click the "Test" button to verify that the terminal can successfully send an email. You should see a confirmation in the terminal's "Journal" tab.

Additionally, ensure that the "Send Email" parameter is set to true in the indicator's specific input settings.

As a faster and often more reliable alternative, I recommend using Push Notifications. You can set this up under the "Notifications" tab in the same Options window by entering your MetaQuotes ID, which is found in the Settings of your MT5 mobile app. This provides instant alerts directly to your smartphone.