Within The Bourse software you can set Alerts based on the last traded price, bid or ask values, volume and also market reports. This frees you up from monitoring the markets all the time as you will be notified when your set criteria have been met.
You can then do your analysis outside of market hours and set alerts prior to the market open. Now instead of watching the screen you can simply wait for your computer to play a sound that alerts you to a trading opportunity.
The Bourse has a function for allowing you to set audible alarms on ASX shares as well as futures traded on the SFE. This allows you to leave your PC running and know that Bourse will alert you if a target is triggered.
How to set up an alarm
1. Click on the “Quotes menu” and select “My Alarms.” The following window will be displayed:
My Alarms - The Bourse
2. Enter in the details of a trigger for the alarm as follows:
Enter Alarm Details - The Bourse
3. You can also set alarms on Bid, Ask, Volume, High, Low, Open and issue of a report.
4. When an alarm triggers, the message entered will be displayed in the log window. You know that an alarm has been triggered as your PC will play a sound through your speakers. YES, switch them on and have them loud enough to hear it. You will also see a small light bulb icon appear near the SYNC status.
Alarm Icon - The Bourse
5. Double click on the Bulb to stop the alarm from ringing and to view the log of which alarm has triggered.
6. You can double click on the alarm status, even if there is no bulb, to view the current alarm log at any time.
7. Select the “Tools” menu and select “Alarms & Alerts Log” to view a complete history of all alarms ever triggered.
Alerts are a fantastic tool to free up your time and let you get away from the markets. It is a great idea to give alerts a trial, and then you can phone your broker or place an order when the alert triggers. No more sitting watching your trading screen all day. Alerts free you up to trade when it is convenient for you.
Free Software Trial
If you haven’t used The Bourse charting and stock market analysis software before, sign up now for a free trial!
Free Bourse Webinar
Find out more about getting the most from The Bourse with our free webinar on Tuesday, November 16.
When everyone is away on holiday there are some opportunities that pop up for the prepared trader or investor. We will take a look at some of the seasonal patterns that exist and how you can use these to profit while you relax. Seasonal patterns can be very reliable in fact they can be right up to 90% of the time or more. Knowing the key dates each year to trade will go a long way to improving your trading results.
We will also take a look at automated order systems and how these can execute trades for you as well as using alerts and alarms that could be incorporated into your everyday trading.
