Simple trade automation? - page 2

[Ryan L Johnson]

Mobin Zarekar #:

I'm not living in the US, and it was interesting to see that only a few brokers use MT5.

Wishing you all the best!

Thanks for that. I've been trading CME Futures on MT5 with one of the two licensed U.S. brokers without issue.

My posts are aimed at the OP who is also in the U.S. and mentioned stocks and MT5. We wish the OP the best!

[Chi Hong Au Yeung]

Ask the coder to code one for you.

[Kar Wai Cheng]

Mobin Zarekar #:

I'm not living in the US, and it was interesting to see that only a few brokers use MT5.

Wishing you all the best!

mt4 is still the most commonly used platform i think

[Alexandr Saprykin]

Kar Wai Cheng #:
mt4 is still the most commonly used platform i think

However, the MT5 platform is more functional

[Alain Verleyen]

Kar Wai Cheng #:
mt4 is still the most commonly used platform i think

Source.

[Alexei Kuntysh]

Depends on what "simple" means for your use case.

If you're running strategies in TradingView and want them 

executed in MT4/MT5 automatically — the cleanest path is 

a cloud webhook setup:

TradingView alert fires → webhook URL → cloud server → 

Receiver EA in your terminal executes the trade.

No custom MQL5 code required on your end. You drag the EA 

onto the chart, set your lot size and risk parameters 

(stop loss, daily loss limit, max spread filter), and point 

your TradingView alert at the webhook URL.

The main things to get right:

- Run the terminal on a VPS, not your local machine. 

  Local connections drop. VPS doesn't.

- Set a max spread filter in the EA. News releases spike 

  spreads — without a filter, your EA executes at 

  terrible fills.

- Test on demo for at least a week before live. 

  Verify every alert appears in the execution log.

If you're building something more custom inside MT4 itself 

(no TradingView), then you're looking at an EA with 

iCustom() calls or OnTick() logic — different path entirely. 

What's your current setup?