Sading is one of the unpleasant moments in trading. An entrepreneur who takes earnings seriously in the market simply has to control it. Otherwise, large losses are inevitable. For market beginners I will explain. Leaving a trading position on the downside (payout) is normal. However, its size is important because a very deep payout can lead to the loss of a significant amount of funds. Drawdown A payout alert will help you get the job done. It will send a signal if the withdrawal exceeds the allowable level. Who will be particularly useful for this indicator? This will help monitor the market situation for traders who open a large number of trading orders, as well as those who use martingal advisors to trade. And, of course, such an indicator will be useful to apply in trading to novice traders, so as not to miss the disadvantage of the trading account.
Installation indicator in MT4
No functionality for this tool. We do what we do with every other indicator. Copy its file, and then place it in the appropriate trading terminal directory folder. This is called “Indicators”. It can be found in the “M’L4” folder. Restarting the trading platform is mandatory. The next step is to set up the pointer.
Withdrawal Alert Options
This useful trading tool sends you an alert (sms or email) if your withdrawal exceeds the acceptable level.
The payout alert indicator has the following settings in the settings.
Payout (%) and Payout ($) – these parameters allow you to set the payout level, after which the indicator will send the trader the corresponding message. It can show payout in percentage or dollar.
If you want the notification to appear several times, you must specify the number of repetitions in the Repeat Settings row. The frequency of repetitions is intended to indicate the time in seconds between notifications. Activating alerts
should display a message that will display a payout notification on the chart of the currency pair being traded. The chart display activates the operation, which displays an information window with the current payout size.
Other parameters are of no particular importance because they relate to the color, text size and location of the information about the current inheritance.
I recommend using indicator payout payout alert to improve its performance. Download his file you can click on this link:
indicator appeared for the first time for Forex Investors Magazine | forex-for-you.ru.