# ChannelSignalMonitor

Reads trade signals from JSON files and executes trades on MetaTrader 5.

Canonical: https://prismaticalgos.com/compendium/algo/11265-channelsignalmonitor
Record ID: 11265
Catalog rank: 407 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trend Following & Directional (A)
Source: https://github.com/chinthakat/mt5-channel-signal-monitor
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Opacity warnings: UNDEFINED ENTRY TERM: the entry conditions are prose naming a concept with no numeric definition, so two readers would implement them differently. Advisory only -- this does not affect the score.

## Recorded profile

- symbols: XAUUSD, EURUSD, GBPUSD
- timeframes: any
- sessions: any
- market_regime: any

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- action: buy

## Recorded short-entry rules

- action: sell

## Recorded exit rules

- event_type: exit or close

## Recorded filters

- news filter disabled
- max spread not specified

## Risk controls

- Stop loss: clamped to SYMBOL_TRADE_STOPS_LEVEL, capped at maxSLPoints, defaulted to minSLPoints
- Take profit: clamped to SYMBOL_TRADE_STOPS_LEVEL, capped at maxSLPoints, defaulted to minSLPoints
- Position sizing: riskPercentage of account balance over SL distance, falling back to defaultLotSize