The 'trading alerts' option is designed to notify of certain events in the Forex market. Having created alerts, you can move away from your screen – the terminal will automatically notify that the given event has occurred. To be able to use this function, you need to run the trading terminal and open 'Data Window', which opens upon pressing the 'Terminal' button on the Tools panel in the trading terminal.
Next, to set an actual alert, you need to mouse over and right-click on the blank white field of the tab and then select the 'Create' menu item.
In the window that has appeared, you can select an action you want to perform and customize the settings of the future alert.
Let's look at what each field is intended for in the 'Alert Editor' window.
Action – an action performed when an event occurs:
Sound – play a sound file;
File – run an executable file;
Mail – send a message by internal email;
Notification – send a push notification to a mobile device. Sending push notifications requires the MetaQuotes ID to be specified in the terminal settings. MetaQuotes ID is a unique identifier, which is assigned to each mobile terminal during its installation on a device. Push notifications are an effective means to notify of events, they are delivered instantly to your mobile device and don't get lost. The message text is to be entered in the 'Source' field.
Symbol – a financial instrument, the data on which are used to check the condition specified. If the "Time=" parameter (alert triggering at the pre-defined time) is selected as the condition, the symbol does not matter.
Condition – a condition under which the alert will trigger. The following can serve as a condition:
Bid> – the Bid price is higher than the specified value. If the current Bid price exceeds the given value, the alert will trigger;
BidAsk> – Ask> – the Ask price is higher than the specified value. If the current Ask price exceeds the given value, the alert will trigger;
AskTime= – time is equal to the given value. As soon as this time comes, the alert will trigger.
Value – a verifying value of the condition. If the price of the instrument reaches the value, the alert will trigger.
Source – depending on the type of action performed when a particular event occurs, one of the following is specified here:
-a sound file in the *.wav, *.mp3 or *.wma format.
-an executable file in the *.exe, *.vbs or *.bat format.
-an email template. If you select 'Email', a click on this field will open a window for making a template of an email to be sent to the address specified in the terminal settings. You can also just type an email text message in this field in the "email subject\ email text" format.
-a text of a push message. The maximum message length is 255 characters.
Timeout – a time period within which an alert is triggered.
Maximum iterations – a maximum number of times the alert repeats triggering.
In the 'MetaTrader 4 for Windows' trading terminal, the function 'Alerts' enables one to send special push notifications to your iPhone or Android smartphone. This will allow you to monitor the market more effectively and carry out trading operations.
To customize the settings for push notifications, you need to:
In the Settings section, you need to select the Messages subsection.
In this subsection, you get your MetaQuotes ID required to be able to use the Push Notifications Service.
The next step is to customize the trading terminal installed on the computer. Run the MetaTrader 4 trading terminal on your computer, select 'Tools' in the menu bar, then 'Options' in the drop-down menu.
In the new window, select the Notifications tab.
Tick the box next to 'Enable Push Notifications'.
Enter the ID you received earlier in the MetaQuotes ID field.
Next, press 'OK'.
That was the last step in the process of enabling push notifications. Now you can receive trading alerts set by yourself not just when you are within easy reach of your computer but wherever you find it suitable.
To start trading, you need to open a real account and deposit it. This account is also called 'real trading account': transactions will be executed on this account to ensure your trades in the Forex market.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.