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Price Alert

The Price Alert Indicator MT4 is a popular and free Forex indicator that is useful for traders of all levels. The indicator works by sending an alert to the trader when the price reaches a certain level. This indicator is a great tool for traders who need to stay on top of the market and make sure they are not missing out on any potential trading opportunities.

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Description

The Price Alert Indicator is innovative indicator is designed to provide traders with real-time alerts when the price of a currency pair reaches a specific level, allowing them to stay informed of market movements and act accordingly.

Features of the Price Alert Indicator

The key feature of the Indicator is its ability to allow traders to set price levels that they want to be alerted about. Once the price of a currency pair reaches one of these pre-determined levels, the indicator will provide the trader with an alert. This alert can be set to be a sound alert, a pop-up alert, or both, depending on the trader’s preferences.

This feature makes the Price Alert Indicator particularly useful for traders who are looking to make quick trades or who are focused on capitalizing on short-term market movements. By receiving real-time alerts, traders can quickly act on price movements and take advantage of potential trading opportunities.

The indicator is also highly customizable, allowing traders to set multiple price levels and customize the alert settings to suit their trading strategies. This level of flexibility ensures that the Indicator can be tailored to the unique needs of individual traders.

How the Price Alert Indicator Can Benefit You

The Indicator offers a range of benefits to Forex traders, regardless of their experience level or trading style. By providing real-time alerts on price movements, this tool empowers traders to stay informed of market conditions and make more informed buy and sell decisions, potentially enhancing their overall trading performance.

For traders who are focused on identifying and capitalizing on short-term market movements, the Price Alert Indicator can be a valuable asset. By receiving alerts when the price of a currency pair reaches a specific level, traders can time their entries and exits more effectively, increasing their chances of profiting from the market’s intraday price swings.

Additionally, the indicator’s customizable features can be particularly useful for traders who are looking to refine their trading strategies. By setting multiple price levels and customizing the alert settings, traders can tailor the indicator to their unique trading style, potentially improving their risk-reward ratios and overall trading outcomes.

Indicator Settings

Alert Settings.

Color Settings.

Name Price: This allows you to specify the price field that the indicator is referencing.

Conclusion

The Price Alert Indicator is a powerful and free tool that can revolutionize the way traders approach the Forex market. By providing real-time alerts on price movements, this indicator gives traders the edge they need to stay informed and act quickly on potential trading opportunities. Whether you’re looking to refine your existing trading strategy or explore new avenues for growth, the Price Alert Indicator is a must-have addition to your trading arsenal. Download the indicator for free and unlock the full potential of the Forex market.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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