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 MT4 was released on 2005, the platform is outdated and outclassed by modern platforms.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.