Visual-Alerter for placing alert-points in the chart for MetaTrader®4

Visual-Alerter ... never miss your trade setup again.

• The visual alerter is an indicator with which you can comfortably set specific alert points for a certain price among other things by placing lines in the chart or you can set a desired time. Thereby it’s no more necessary to observe the chart! The indicator informs you as soon as the defined levels have been reached.

• The visual alerter has specifically been designed as an indicator by the developers and traders of ForexInnovation. So there can be carried out further indicators and Expert Advisors (EA) on the same chart. Furthermore any automated trading system can be used together with this indicator. And of course, all products of ForexInnovation (Breakout-Trader, visual trade-manager, one-click-trader, the multi-timeframe indicators as well as the automatic trading system Magic-Champ II) are compatible with the visual alerter and can be used parallelly.

• This indicator is suited both for the discretionary trader and for the system developer. As with professional trading houses the trader doesn't have to track the price movement the whole but will never miss his setup due to the alert. The alert contributes to that the trader can make recoveries at any time and is present anyway as soon as the desired setup or rather the price movement occurs and the visual alert gives an alarm.

• With the time-alert you can be warned at important appointments (economic data).

• Furthermore the numerous useful additional information on the chart give you a fast overview about the connection to the broker, the current spread in points, the value of a lot as well as e.g. the necessary StopLevel to risk always the same percentage of your depot at a certain trading volume. So you and your trading gain professionalism and the indicator helps you to stand to the money management rules.

• Price-alert:

The price-alert is being set through two lines in the chart (green and blue line). An upper price-alert (green line) and a lower price alarm (red line) give the frame for the price movements. The indicator can be set in such a manner that it already gives the first alert with a certain number of points before the line, because the exchange rates in the foreign exchange market unfortunately also don’t act perfectly and rarely touch a line exactly on the point.

Example: You want to trade the EUR/USD at 1,4400 Short because there is a high resistance. So you will place the green line on 1,4400 and simultaneously set the variable for the interval, on which the alert already should be given, on 10 points. As soon as the exchange rate ticks up to 1,4390 or higher now, the visual alerter will automatically give an alarm signal. However you haven’t missed the trade if the course shouldn't move perfectly to the 1,4400!

• Time-alert:

The time-alert is being set in the chart with a vertical line. The line can be placed on an optional time on the chart by manual moving. As soon as the first exchange rate is being transferred by the broker which chronologically is behind this line, an alarm signal is given. So there can simply be laid a line into the chart just before the news time, whereby an alert is given just before the announcement of the news which possibly influences the exchange rate.

• Information window:

The information window shows many relevant information which are useful for the manual trader and also for the user of trading systems. Especially the status of connection between MetaTrader and the broker is being checked continuously with the tool! As soon as the visual alerter determines an error in the connection, it is indicated in the chart.

The continuous spread-announcement for the indicated currency pair gives the trader important information about the broker and the current “state of the market”. Especially in volatile stages the spread can differ on a very wide range at some brokers. Both at the manual trading and in the field of automation this information is worth a lot of money. Because in certain market phases and additionally at high spreads often only one person wins… the broker. With the spread-announcement of the visual alerter you can leave out trades specifically or activate/deactivate your expert advisor.

Furthermore the visual alerter shows you how “expensive” a traded standard-lot is for the particular currency pair. So for your trading strategy you can deduce fast which can be a useful position-size in relation to the target-exchange rate and to the Stoploss.

The indicator takes on the calculation of the SL for a corresponding adjusted money management as further help for the discretionary trader. At the activation of the visual alerter you can select how much percentage of your current account balance you would like to risk with the next trade for Long or Short at a certain volume. Then the indicator calculates where the stop-loss for a Long- or Short-order has to be placed. As a further help, the chart displays these lines directly!

Last but not least you can let the chart show you the sum of the currently open profit/loss of all active positions of the chosen foreign exchange pair (in the currency of the depot or in points). So you keep the whole overview about the progress of the total value of the open positions of a currency pair.

If you are interested in this MetaTrader®4 Indicator but previously want know a bit more about it, we gladly send you an extensive instruction with a very detailed description of all possibilities and variables. Furthermore this instruction contains many more pictures and examples for a better understanding.

Please use our contact form for it or send us an e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it

We are also gladly available for you when you have suggestions for the improvement or individual supplements.

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