Table alerts are similar to regular Alerts and quite simple. The only difference is that Table Alerts are linked to a table and can be set up to monitor internal table conditions. You can also use filters or grouping first to make conditions more exact.
To view or create a new Table Alert, right-click on a table and select Table Alerts.
Conditions are specified as a regular sentence using table columns, as follows:

You can also set up multiple actions to be performed every time conditions are met. Such as Message, Sound, Email, Place Order, Cancel Order, Close Position, Show. If you choose some action you'll see new window where you can set options for action. If you want to Place Order you should open Order Entry Panel from new window.

If you want to Cancel Order or Close Position, in new window you will see existing orders and positions. You can choose all that you want to remove.