Indicator Alerts

Guys is it possible to set up something that will notify me when a certain level is reached on a rsi,or a certain ma level etc ?
I'm not currently on an mt4 platform,is this what i need ?

Cheers.....

Don't all rush at once

Nobody's rushing...... because "we get paid to wait".

It depends on your trading strategy.

To answer your open-ended question, yes it's possible to create indicator-based alerts in MT4, but I don't know about other platforms - anyway, you didn't specify which platforms.

Thanks Hanover,

I can join which ever platform that allows me to set these alerts up.

Is it reasonably easy to do ?

Bumpity bump bump. Anyone ?

The only spot forex trading platform that I'm really familiar with is MetaTrader (MT4). It integrates both charting and order placement, is fairly user-friendly, has a very solid and comprehensive underlying programming language, provides free live and historical data, a strategy tester, and demo and live accounts. MT4 is offered FREE to traders by more than 150 different br0kers (here's a list), which provides some good reasons for using it:

1. If you become disillusioned with your existing MT4 br0ker's spreads, fills, terms and conditions etc, you can easily switch to another br0ker without having to learn a new charting/trading platform.

2. Because MT4 is so widely used, there are already a vast number of third-party-written indicators and Expert Advisors ('EAs', i.e. trading robots) written that will already run on it. Hence you're more likely to find something that meets your trading needs without having to have it developed yourself. Many forex forums (like Forex Factory) seem to attract some very generous programmers who provide their community with free programming services and products.

3. Conversely, because there are 150+ br0kers competing against each other for your business, they are falling over each other attempting to offer you the very best spreads, fills, leverage, terms and conditions, range of currency pairs and other instruments, third party add-ons etc.

4. I read somewhere that there are more than 2 million traders around the world currently using MT4. So if you have a question that you want to pose to the forex community, there are plenty of traders who will likely be able to answer it.

If I understand correctly, there are other products out there like TradeStation and eSignal, but in these cases it's necessary to either buy or rent the product, and/or the live data feed. Whereas with MT4, you can continue to test your strategies on demo accounts for as long as you wish, and it won't cost you a cent.

Sorry if that sounds like a sales pitch, LOL. Those are simply the reasons that once I discovered MT4, I've never bothered to look anywhere else.

To answer your other questions, if you are able to find indicators and/or Expert Advisors that support your trading strategy, then it's very easy to install them. You simply download the relevant file(s) into the correct MT4 folder, restart MT4, and then drag them from MT4's Navigator onto your price charts.

Regarding alerts, MT4 has an in-built alerts facility that will cause an audible on-screen alarm to sound/appear when the price of any currency pair reaches a certain level. Beyond that, if you want an alert to occur when a specific set of conditions are met, and/or if you want an e-mail sent to you (which can be redirected to your cellphone - contact your telecoms provider), then you'd need to find a suitable indicator or EA that does this, or have one custom-written for you.

Hanover,

Thank you for taking the time to post an indept reply to my questions.

Its had 280 or so views,and your the only one to answer,so for that,thank you

Regards...

A.