How to Add Alerts to Any Forex Indicator MT4: Free Download

Add Alerts to Any Forex Indicator Review

In the intricate world of Forex trading, monitoring multiple indicators can be a daunting task. While some traders juggle between charts, others wish for a magic button that notifies them whenever their desired conditions are met. Enter the Universal Alerts Indicator: a tool designed to weave multiple alerts into any existing Forex indicator. But how does this work? And what makes it indispensable for a modern trader? Let's delve into the details.

Best Brokers List

Alerts to Any Forex Indicator works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Alerts to Any Forex Indicator Settings

 

Why Use the Universal Alerts Indicator?

1. Adaptability: Irrespective of the kind of indicator you employ - be it one that focuses on arrows, horizontal lines, trend lines, or even rectangle zones - this tool can be seamlessly integrated.
2. Versatility: With the Universal Alerts Indicator, you're no longer restricted by the inherent limitations of an indicator. If your existing indicator lacks notification functionalities, this tool becomes its perfect companion.
3. Efficiency: Traders worldwide spend a significant amount of resources, both time and money, on developing indicators with alert functionalities. This tool obviates that need, paving the way for more focused and efficient trading.

Understanding the Key Features and Settings

1. Signal Generation Modes:

• Indicator Mode: This mode facilitates the amalgamation of multiple indicators into a coherent strategy. For a step-by-step guide on combining multiple signal alert indicators, refer here.
• Execution Trigger: This defines the frequency of recalculating the indicator's variables - options include every tick or upon the formation of a new bar.

2. Signal Customization:

• Reverse Signals: Alter buy/sell signals.
• Shift: Define the bar shift of the indicator’s signal bar, such as a previously closed bar or the current one.
• Signal Lifetime Bars: Determine the duration (in bars) a signal remains valid.

3. Alert Criteria Configuration:

Define specific conditions for buy or sell alerts. This can range from the presence of an arrow on the current bar to more intricate criteria like crossovers between the moving average and rectangular zones. Customize the color, naming patterns, and even specific moving average types and prices for alerts.

4. Visual & Auditory Alerts:

Apart from the conventional arrow displays on charts, the Universal Alerts Indicator ensures you never miss a trade opportunity. Whether you prefer sound alerts, pop-up windows, SMS notifications, or even email alerts, it has got you covered.

5. Integrating with other Indicators:

Name your desired indicator, such as RSI, MACD, or Moving Average, and specify its parameters. The Universal Alerts Indicator seamlessly integrates and notifies you based on your chosen indicator's logic.

Examples

Imagine you have a Moving Average (MA) indicator and you want to be alerted whenever price crosses this MA. Instead of continuously watching the charts:

1. Activate the Universal Alerts Indicator.
2. Set the IndicatorName to "Moving Average".
3. Specify Parameters as per your MA settings.
4. Define the BUYLogic or SellLogic, like 'Crossover'.
5. Set your preferred alert type - sound, pop-up, SMS, or email.
6. Now, whenever the price crosses the MA, you’ll be instantly notified!

In Conclusion

Forex trading can often become overwhelming with the multitude of indicators and constant chart monitoring.

Download Add Alerts to Any Forex Indicator

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.

Disclaimer: All trading involves risks. It's essential to do your own research and consider seeking advice from a licensed financial advisor before making any trading decisions.