On the last tip, we saw how to use the Forex Indicator MACD for Divergences on MT4. Today, we’ll see a tool that can be quite useful to get immediate information: sound alerts.

These alerts allow us to define when a pair reaches a certain price.

First, click on the Terminal button that is located on the main bar.

In the lower part, we can see there is an ALERT tab.

To add a new Alert, right-click there.

The Alert parameters are:

Symbol: the pair

Condition: if the Bid or Ask price will be bigger than the value.

Value: value of the price

Timeout: number of seconds between each alert

Maximum iterations: the number of times the alert will sound.

In this example, when the Bid price is bigger than 1.6550 in GBPUSD, the alert will be activated.