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.
MetaTrader 4 Multi Account Manager – MAM Software
The Tradeview MAM plugin is a simple, fast, effective and reliable addition to the MetaTrader 4 System.