Building Risk-Defined Strategy Alerts for Webhook Execution

Summary

This educational strategy template demonstrates how to attach structured webhook messages to strategy order fills. Its example entry logic uses a fast and slow moving average crossover, while configurable exits use either an average true range-based stop or a fixed pip distance, plus a take-profit distance set by a risk-reward multiple. Entry messages include side, symbol, volume, stop and target distances, and a unit label; exit fills send a close command.

The template supports chart or custom symbols and several moving average types, and shows optional labels containing the entry message. The example signal is explicitly a placeholder to be replaced with a user's own logic. The document explains the alert-message workflow but offers no evidence of profitability; its pip-size conversion is tailored to FX and metals conventions and may need adaptation for other instruments. A receiving webhook must also interpret the selected message format and units consistently.

Key ideas

• Strategy entry and exit fills can carry distinct structured messages for a webhook receiver.
• The example uses moving average crossovers only as replaceable demonstration logic.
• Stop distance can be based on average true range or a fixed pip input, with the target scaled by a risk-reward setting.
• Messages encode trade side, symbol, volume, stop and target distances, and the distance unit type.
• The template teaches alert packaging rather than establishing a tested trading strategy.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.