Hull Moving Average with alerts (MT5) — review, price and free alternatives

This Hull Moving Average with alerts review includes a 2026 performance analysis based on live demo tests, backtests, and developer notes. The analysis highlights how the indicator applies a combination of Weighted Moving Averages to anticipate price changes and dramatically reduce the lag typical of SMA or EMA methods. In practice the indicator colors the line green on bullish slopes and red on bearish slopes while generating configurable alerts, which is useful for both discretionary traders and as a component inside automated systems. Alexandre Silva Diniz developed the tool with a focus on simplicity and clear signals for MT5 users. The algorithm calculates intermediate WMAs to create a smoother, faster curve and then evaluates slope changes on every tick to trigger coloring and alerts. This makes Hull Moving Average with alerts particularly useful in trending markets and on timeframes from H1 to D1, while requiring additional filtering in sideways or high-volatility news events. Risk management is manual by default, with recommended stop placement based on ATR multiples and clear notes on position sizing. Expected performance characteristics include moderate win rates with higher reward-to-risk when paired with trend confirmation, and lower latency compared to traditional moving averages. The indicator performs best when combined with volume or volatility filters and when users follow a disciplined testing routine before live deployment.

The risk profile for Hull Moving Average with alerts is moderate when used with disciplined money management. It does not enforce stops automatically, so traders must implement stop loss rules such as 1 to 2% risk per trade or using 1.5 to 3 ATR for placement. Position sizing should scale with account equity; a common guideline is 0.01 lots per $1,000 for FX paired with risk caps. Vulnerabilities appear during short-term, high-volatility news events and in choppy ranging markets where false signals increase. Recommended account sizes start at $1,000 for manual testing and $5,000 or more for automated systems using leverage to absorb drawdowns. Hull Moving Average with alerts works best when combined with external risk filters and strict trade management.

Download the indicator file and place it into the MQL5/Indicators folder within your MT5 installation. Restart MT5 and attach Hull Moving Average with alerts to an H1 or H4 chart to start. Configure period, smoothing, alert types, and ATR parameters to match your chosen timeframe. Recommended brokers support low spread execution and standard symbols; ECN or raw spread brokers reduce slippage. Record trades and adjust parameters to achieve desired trade frequency and drawdown tolerance.