If you need one or all of these functions, then the SDS Price Level Alert indicator is a perfect addition to your arsenal of MT4 trading indicators.īuy it now and get a discount off the regular price… $50 Solution to #3 – Set an Alert if Price is Above or Below the Alert Levelįinally, the indicator allows you to choose to get alerts when price is either above or below the alert level. The SDS indicator allows you to specify if you want to get an alert if the price level is touched, or if it closes beyond the price level. Solution to #2 – Set an Alert on Touch or Close Beyond Alert Level Select one, two or all three at the same time. The SDS indicator allows you to get notifications via desktop pop-up, mobile app push notification and/or email. This is what they came up with: Solution to #1 – Set More Than One Notification Type So we asked our friends at Snapdragon Systems (SDS) to see if they could create a solution. You cannot specify to be alerted when price trades above or below an alert level.
You cannot specify to be alerted when price closes beyond the alert level.You cannot set more than one notification type at a time.To summarize, we found that the price level alert function in MT4 has three shortcomings: MetaTrader currently doesn't allow you to do this. Some traders want to know when price doesn't breakout from a level. Second, you cannot specify to be alerted when price trades above or below an alert price level. In these cases, the built-in alert system in MT4 triggers too many false alarms because it will send a notification on a touch of the price level.
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Several professional trading strategies that we have seen rely on a solid close beyond a zone or key level. The price level alert system in MT4 has a couple of other shortcomings that we found frustrating.įirst, you cannot tell the alert system to only alert you when price closes beyond the alert level. But what's the point of setting an alert if there's a chance that you will miss it because you are away from your computer or phone.Īn alert should hit all of your devices at the same time, so you don't miss a single setup. You are setting an alert because you don't want to sit in front of your computer all day and watch the charts. In today's hyperconnected world, why should you settle for only one method of notification? But there was something about MetaTrader 4 price level alerts that frustrated us… The Biggest Problem with Built-In MT4 Price Level Alertsīut let's face it, the built-in MT4 price level alert is pretty basic.įor starters, you can only send one type of notification at a time. That's where price level alerts can be a huge help. Once price moves too far, it throws off your risk-reward ratio and the trade isn't worth taking anymore. Finally Get MetaTrader 4 Price Level Alerts onĪs soon as a trading strategy setup prints on your chart, you only have a limited amount of time to act on the setup before it's too late.
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