MT4 Alarm Manager
The Alarm Manager lets you do three main things:
- Get notifications about events on your account, and in the market
- Take automatic actions when events occur
- Send automatic updates to your followers via Twitter, email, or SMS
In essence, the Alarm Manager is a set of building blocks which can you use to create a completely personalised and automated trading companion. For example, you can use the Alarm Manager to do any and all of the following:
- Warn you on screen (or by email, or SMS) if your margin usage exceeds 20%
- Close all losing positions if drawdown on your account exceeds 10%
- Send a message to followers on Twitter (or email or SMS) every time you trade
- Automatically place orders or close positions at a time in the future, e.g. “at 2pm” or “in 30 minutes time”
- Warn yourself if you have open positions without a stop-loss
- Automatically place orders or close positions based on technical indicators such as RSI or moving-average crosses
- Send a message to followers on Twitter whenever there is a new 30-day high in an instrument
- Display a message congratulating yourself if you have 3 consecutive winning trades
- Remind yourself to stop trading if you have 4 consecutive losing trades, or if your balance declines by more than 3%, or if your win/loss % falls below 30%
- Show a message 10 minutes before high-impact events in the economic calendar
- Place a new order when RSI is above 70 on three different timeframes
- Place a new order if RSI goes above 70 or there is a MACD cross of the signal line
