MT4 Alarms Indicator • forex4noobs

MT4 has alarms but the entire system is clunky and not very user friendly. For this reason I developed a useful MT4 indicator called…. The Alerter!

The indicator turns every line on your chart (including trend lines) into an alarm. You can of course deactivate any lines you do not want to act as alarms. You can grab the indicator by ~~clicking here~~ and logging in.

Sorry, this indicator has been discontinued.

What I trade with now

I no longer trade using MT4 or MT5. MT4 was released on 2005, the platform is outdated and outclassed by modern platforms. Yes, there are still many traders using MT4 and many brokers providing it. Even though MT4 is still widely used, it does not make the platform good. MT4 is in wide use because many traders are reliant on custom coded MT4 indicators.

Well, I do not want to contribute to the continued use of MT4 and here is why.

I trade H6, H8 and H12 charts

Almost every modern trading platform supports “new” time frames such as H3, H6, H8 and H12. I use my free price action strategy to trade reversals on the H6, H8 and H12 charts. I find that the H6 and the H12 are two of the best timeframes to trade price action on.

Sadly MT4 does not allow for H6, H8 and H12 charts. Modern platforms such as TradingView, cTrader, ChartIQ and many others provide this time frames.

Modern platforms have more features

If you want cool features in MT4, you need to install an indicator. Many of the features provided by MT4 indicators come as standard with modern platforms. In fact, this alarm indicator that you are here for is a normal feature of TradingView and cTrader.

Installing indicators to get extra features into MT4 is buggy and cumbersome. You end up being reliant of the creator of the indicator to update it for you…

… Why bother?

So, if you want an MT4 alarms indicator. My suggestion to you is that you STOP USING MT4!

Catch up with the times and try out some real Forex trading platforms. These are my favorites.

295 comments

Phoebe Ejimbe

August 30, 2011

Many thanks Nick, for your continued help and support to traders.
It is known that “IT IS ONLY IN GIVING CAN ONE RECEIVE IN MANY FOLDS OF THAT WHICH ONE GIVES”

Osita

Cyrpusman

August 31, 2011

I was always envious of platforms that have the facility to alter Stop Loss and Take profit by moving lines. I have developed scripts to do that. See my post Stop Loss Dragline Script. Just updated and allows order manipulation by moving lines. I set hotkeys so that I can position the lines, press ALt S for SL and ALT P for TP for instant update of the order.

Richard

August 31, 2011

Hi Nick,

Can you develop a indicator to identify hammer candles? I think it would be great if I can be notified when any hammers formed as there maybe possible reversal trade opportunities. I found that I always missed those hammers which turned out to be a great reversal signal.

By the way, I like the mastercandle indicator very much. It is really useful. Thanks for developing it !

Cyprusman

August 31, 2011

Dont know what happened to my comment, if you want a coveted feature of other platforms, see my post ref Stop Loss Drag line.
Updated with TP line too. Enable change of SL or TP by moving relevant lines. Another script puts them on the chart ready for use, assign hotkeys and away you go.

Raga

September 7, 2011

Very nice Nick. I m really glad to found your page.

Tanhanhow

October 27, 2011

Hi, Nick…. thanks again for the MT4 Alarms Indicator. Can you please teach how to put the alert msg to email account?

Can the Master Candle Alert also do that by send msg to email?

Appreciate if you can show me the way !

Thanks

theskouser

July 2, 2014

I am new to forex and a little wary of how it all works bearing in mind the warnings that you can lose a lot of money, So I am taking things easy and reading all the posts. I have got SHI channel true and am looking at using it, together with other indicators, on MT4 when I actually begin trading, but I can’t be looking at the charts all day and have been looking at ways I could fix an alarm to go off when the sloping trend line is broken. For this reason I have been trying to get Nick’s ‘Alerter’, which seems to do what I am looking for. But each time I click on the link I am taken to another page with no option to download the indicator. Any ideas please as to what I am not doing right?