MT4 indicator moving average angle, alerts on candlestick crosses, and other features that FX traders want, MTP_MA_Angle_Alert

As your FX trading improves, you’ll want analytical tools, and most people end up using MT4 or other superb trading tools.

In other words, you could say that you won’t become a winning trader unless you use MT4 or a trading tool that replaces it.

Analysis and learning are very important indeed, aren’t they?

With MT4, today I’d like to introduce the MTP_MA_Angle_Alert, which I think those who use moving averages among winning traders would have wanted.

When you actually set it up, the representative features that feel truly usable for FX trading are the alerts that notify you when the moving average angle changes, when you enter a range market, or when a breakout occurs, and the ability to notify you on your smartphone.

Let’s display it right away.

MTP_MA_Angle_Alert

As shown in the image above, the MTP_MA_Angle_Alertdisplays five color-coded levels based on the angle, and you can display the main moving average line along with a red secondary moving average line.

This time, the main moving average is set to 20MA and the sub moving average to 80MA.
You can trigger alerts at the cross of the main and sub, receive email notifications, and push notifications to the MT4 mobile app.

　MTP_MA_Angle_Alerthas as many as 74 parameters, allowing a variety of settings, but

　AngleAlert_Angle

The absolute value of the moving average angle, when it moves from below the specified angle to above that angle, will trigger alerts.

With a default of 45 degrees, alerts will trigger when it changes from below 45 degrees to 45 degrees or more, or when it changes from above -45 degrees to -45 degrees or below.

You can know that the moving average angle has started to form via alerts and decide whether to enter in line with the trend.

Another one is

　AngleRange_Alert

The alert will sound when the moving average angle is below XX degrees and becomes greater than XX degrees.

If you use it so that it alerts when it is below −10 degrees and then rises above 10 degrees, you can detect a ranging market or a range breakout.

I've tried receiving such notifications on the MT4 smartphone app this time.

Even when you’re out, you can receive notifications of your planned trend entry points, range entries, and breakouts, and trade on the spot with the MT4 mobile app without missing opportunities.

By the way, a few years ago MT4 was known as an excellent analytical tool, but since FX companies bore the cost of MT4 use, investors’ spreads became wider, and trading was commonly done on proprietary trading systems developed by each FX company. Now, spreads of MT4-using FX companies have become among the narrowest in the FX industry. For details,MT4 Real Spread Comparison

This is the kind of trading environment.