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Master the Set and Forget Strategy with Alerts on MetaTrader 4

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INTRODUCTION:

Hey fellow traders! Today, I want to talk about a fantastic strategy that's been a game changer for many of us—the Set and Forget strategy, complete with an alerting system. This approach is incredibly handy across various trading scenarios. Trust me, using tools that simplify your trading life is the way to go! Instead of glued to your charts all day, let this indicator do the heavy lifting for you.

HOW TO USE IT:

Check out the video below, where I’ll walk you through two scenarios that highlight how the alerting system can enhance the Set and Forget strategy:

  • Scenario 1: This will assist you in preparing your watchlist.
  • Scenario 2: This will help you know when to exit your trades.

PARAMETERS:

This script features two key inputs:

  • Higher Price: Set your upper level price here.
  • Lower Price: Set your lower level price here.

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