Account Monitor and Notifier Pro mt5
- Utilities
- Version: 1.0
- Activations: 5
Account Monitor & Notifier Pro
A comprehensive, advanced MQL4 indicator designed for MetaTrader 4 that serves as an all-in-one on-chart dashboard and automated risk management alert system. Developed for professional traders, this tool provides crucial real-time insights into account health, historical performance, and floating equity variations, bridging the gap between passive trade execution and active portfolio monitoring.
At its core, the indicator is built around four highly customizable modules. The Account Info Display acts as a heads-up display (HUD) directly on the price chart. Utilizing efficient object creation functions, it projects a clean, customizable graphical panel (defaulting to a sleek black background with color-coded text) that displays vital metrics such as Balance, Equity, Margin utilization, and Open Trades. Furthermore, it calculates and visually presents profit milestones—ranging from today’s and yesterday’s earnings to weekly and monthly cumulative profits. The color logic dynamically shifts to green or red based on floating profit and loss, providing immediate visual feedback to the trader.
The second module, the Balance Change Notifier, is engineered to track account balance fluctuations autonomously. By taking memory-efficient snapshots of the account balance every minute, the system compares current values against historical data over a user-defined time span. If a deposit, withdrawal, or closed trade shifts the balance beyond a specific monetary threshold, the indicator triggers a push notification to the trader’s mobile device. This is particularly useful for traders managing algorithmic systems or Expert Advisors (EAs), as it allows them to step away from the terminal while staying informed of closed positions.
Risk management is heavily emphasized through the Daily Profit/Loss Alert System and the Equity & Drawdown Monitor. The P/L alert system allows traders to set up to five specific monetary thresholds (e.g., a daily take-profit target of +$200 or a hard stop-loss of -$50). Once a threshold is breached, a customized push notification is dispatched, and the system seamlessly resets at a designated broker server time each night.
Meanwhile, the indicator leverages the OnTimer() function to monitor real-time unrealized P/L. It calculates maximum drawdowns on a daily, weekly, and monthly basis, printing these critical risk metrics directly to the chart. It also alerts the user if floating equity deviates dangerously from the baseline balance. Overall, Account Monitor Pro is a highly optimized, resource-light utility that enforces trading discipline, maximizes situational awareness, and ensures that professional forex traders are never caught off-guard by sudden market volatility.
