TradeSgnl EA Signal Guide

Learn how to format and send signals to the TradeSgnl Expert Advisor.

The TradeSgnl EA receives signals through webhooks and executes them on your MT5 platform. Each signal uses a comma-separated format, allowing you to control all aspects of your trades.

Tip

Our signals format works with TradingView alerts, making it easy to automate your trading strategies.

Signal Format

TradeSgnl uses a comma-separated format with required and optional parameters:

LicenseID,SYMBOL,ACTION,risk=VOLUME,[OPTIONAL_PARAMS]

Signal Structure

Each signal consists of 4 required components followed by optional parameters:

LicenseID - Your unique license identifier (e.g., LicenseID)
SYMBOL - The trading instrument (e.g., EURUSD, BTCUSD)
ACTION - The trading action (buy, sell, buystop, etc.)
VOLUME - Trading size with risk= prefix (e.g., risk=0.01)
OPTIONAL PARAMETERS - Additional settings (sl=, tp=, comment=, etc.)

Format Rules

Parameters are separated by commas with NO spaces
All parameters are case-insensitive (buy = BUY)
Optional parameters can be in any order
Values are assigned with equals sign (sl=30)
Risk can be in lots (risk=0.01) or percentage (risk=1)

Signal Format Cheat Sheet

Here's a quick reference guide for common signal formats:

Action	Format
Market Buy	LicenseID,SYMBOL,buy,risk=VOLUME
Market Sell	LicenseID,SYMBOL,sell,risk=VOLUME
Buy with SL/TP	LicenseID,SYMBOL,buy,risk=VOLUME,sl=PIPS,tp=PIPS
Buy Stop	LicenseID,SYMBOL,buystop,risk=VOLUME,pending=PIPS
Buy Limit	LicenseID,SYMBOL,buylimit,risk=VOLUME,pending=PIPS
Close Buy Positions	LicenseID,SYMBOL,closebuy
Close All Positions	LicenseID,SYMBOL,closeall
Close All with Comment	LicenseID,SYMBOL,closeall,comment=Strategy1
Buy with Trailing Stop	LicenseID,SYMBOL,buy,risk=VOLUME,trtrig=PIPS,trdist=PIPS,trstep=PIPS
Buy with Breakeven	LicenseID,SYMBOL,buy,risk=VOLUME,betrig=PIPS,bedist=PIPS
Cancel Pending Buy Orders	LicenseID,SYMBOL,cancellong
Cancel Pending Sell Orders	LicenseID,SYMBOL,cancelshort

Signal Parameters

Market order commands allow you to immediately enter or exit positions at current market prices.

buy (or long)

Places a buy order at the current market price.

LicenseID,EURUSD,buy,risk=0.01

sell (or short)

Places a sell order at the current market price.

LicenseID,EURUSD,sell,risk=0.01

closebuy (or closelong)

Closes all buy positions for the specified symbol.

LicenseID,EURUSD,closebuy

closesell (or closeshort)

Closes all sell positions for the specified symbol.

LicenseID,EURUSD,closesell

closeall

Closes all open positions. Can optionally filter by comment to close only specific strategy positions.

LicenseID,EURUSD,closeall

With Comment Filter:

LicenseID,EURUSD,closeall,comment=Strategy1

Tip

When using closeall with a comment filter, only positions that have the exact matching comment will be closed. If no comment is provided, ALL open positions will be closed regardless of their comment or symbol.

Optional Parameters

Enhance your signals with these optional parameters:

Parameter	Description	Example
sl=	Stop Loss in pips from entry price	sl=50
tp=	Take Profit in pips from entry price	tp=100
pending=	Pending order level (interpretation depends on EA setting)	pending=20
trtrig=	Pips needed to activate trailing stop	trtrig=20
trdist=	Trailing stop distance in pips	trdist=10
trstep=	Pips needed to move trailing stop	trstep=5
betrig=	Pips needed to activate breakeven	betrig=15
bedist=	Breakeven distance in pips	bedist=2
comment=	Comment for the trade	comment=Strategy1
py	Enable pyramid trading mode	py
re	Enable recovery mode	re

Parameter Processing Rules

When processing signals, the TradeSgnl EA follows these rules:

Symbol Names

Symbol names in signals must match exactly with the symbol names in your MT5 terminal. For example, if your broker uses "EURUSD.a" in Market Watch, your signal must use the same format.

LicenseID,EURUSD.a,buy,risk=0.01

Tip

Alternatively, you can use our Symbol Mapping feature to map symbol names to the correct broker-specific symbols.

Learn about Symbol Mapping

Risk-Based Sizing

When using percentage-based risk (e.g., risk=1), the lot size is calculated as a percentage of your account balance or equity, depending on the EA's settings. The sl= parameter is not required for this calculation.

Tip

Example: With risk=1 on a $10,000 account, a 1 lot position will be opened (0.1 lot for a $1,000 account, or 10 lots for a $100,000 account).

EA Settings and Signal Parameters

The TradeSgnl EA has settings that determine which parameters it uses for trades:

Parameter Source Setting: The EA has a "Parameter Source" setting that determines whether it uses parameters from the signal (SIGNAL_INPUTS) or from the EA inputs (EA_INPUTS). This affects volume, stop-loss, and take-profit values.

Feature Control Settings

Advanced features can be controlled by either signals or EA settings:

Feature	EA Setting	Signal Parameter
Trailing Stop	Trailing Mode: Disabled/Enabled/Signal	trtrig, trdist, trstep (requires Signal mode in EA)
Pyramid Trading	Pyramid Mode: Disabled/Enabled/Signal	py (requires Signal mode in EA)
Recovery System	Recovery Mode: Disabled/Enabled/Signal	re (requires Signal mode in EA)

Tip

Important: For any feature to be controlled via signal parameters, the corresponding EA setting MUST be set to "Signal". Otherwise, the signal parameters for these features will be ignored.

Valid Action Types

The EA supports the following action types in signals:

Category	Action Types	Description
Market Orders	buy, long, sell, short	Immediate market entry orders
Closing Positions	closebuy, closelong, closesell, closeshort, closeall	Close existing positions by type or all positions
Pending Orders	buystop, buylimit, sellstop, selllimit	Orders that execute at specified price levels
Cancel Orders	cancellong, cancelshort	Cancel pending orders by type

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