How to Install and run FOREX COMBO SYSTEM Metatrader4 ?
The Folowing Instructions will help you set Forex Combo System on your PC
1. Make sure your Metatrader4 platform is closed.
2. Download your Expert Advisor to a folder on your computer.
3. Locate the FOREX COMBO SYSTEM .ex4 file. Right mouse click on the file and select copy.
4. Click open "My Computer" and then click open C Drive, or what ever letter drive that contains your program files, then click open the Program Files folder.
5. Locate your Metatrader4 folder and click it open. It will probably begin with the name of your forex broker.
6. In the Metatrader4 folder locate and open the Experts folder and paste the file in this folder if it is an Expert Advisor File. You can paste by selecting paste from your edit menu or right mouse click and select paste. If it is an Indicator file, then in the Experts folder locate and click open the Indicators folder and paste the file in that folder.
7. You can now open the Metatrader4 platform by clicking on the "Terminal" icon located in your Metatrader4 folder.
8. Once the Metatrader4 platform is opened you can now open a chart for a currency pair (EUR/USD) by going to File on the Menu bar and choosing "New Chart". Then choose the time frame by going to Charts on the menu bar, then
"Periodicity" and then choose the time frame you wish to view (M5).
FOREX COMBO SYSTEM is designed to work on currency pair EURUSD (M5 chart)!
9. Now you are ready to place the FOREX COMBO SYSTEM on the chart. Go to View on the Menu bar and choose Navigator.The Navigator window will appear. In the Navigator window expand Expert Advisors or Indicators by double clicking it. You should now see all the Expert Advisors including the one you just inserted. You can now place it on the chart by 3 different methods. You can either double click on the indicator or right mouse click on it and choose "Attach to a Chart" or you can drag it onto the chart.
10. Once the Expert Advisor is placed on the chart, the Settings window will pop up. Here you can view the default settings and adjust them if you need to. Make sure on the Common tab you have the "Allow live trading" box checked.
11. After you have placed the Expert Advisor on the chart, in the upper right hand corner of your chart you should see a smiley face. This means the Expert Advisor is running. If you do not have a smiley face but see a frown or an x, then make sure again that under Properties, the "Allow Live Trading" box is checked. If it is and still you do not have a smiley face there is one more place to check. Go to Tools on the menu bar and choose Options. A popup will appear and select the Expert Advisors Tab. Make sure the "Enable Expert Advisors" box and "Allow Live Trading" box are both checked. Your Expert Advisor is now ready to open, modify and close trades.
Important: FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
12. Allowing DLL Imports:
Right mouse click anywhereon the chart, select Expert Advisors -> Properties and then in Common tab select as is shown below:
Click Tools->Options and then in Expert Advisors tab select as is shown below:
Important: FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
13. You can always edit the Expert Advisor settings by right mouse clicking anywhere on the chart and choosing Expert Advisors and then Properties.
FOREX COMBO SYSTEM settings:
Use_FXCOMBO_Scalping - true/false - use or not FXCOMBO Scalping Strategy
Use_FXCOMBO_Breakout - true/false - use or not FXCOMBO Breakout Strategy
Use_FXCOMBO_Reversal - true/false - use or not FXCOMBO Reversal Strategy
CommentSys1 - systems comment for FXCOMBO Scalping Strategy
CommentSys2 - systems comment for FXCOMBO Breakout Strategy
CommentSys3 - systems comment for FXCOMBO Reversal Strategy
Magic1 - unique identification number for FXCOMBO Scalping Strategy
Magic2 - unique identification number for FXCOMBO Breakout Strategy
Magic3 - unique identification number for FXCOMBO Reversal Strategy
MaxSPREAD - maximal allowed spread for position opening
Slippage - maximal allowed slippage for position opening
***GMT Offset is very important parameter!!!***
GMT (Greenwich Mean Time) offset of brokers server time.
AutoGMT_Offset:
If AutoGMT_Offset = TRUE, the EA will calculate automatically the GMT Offset of your broker.
If AutoGMT_Offset = FALSE, you should chose by yourself the correct GMT Offset in GMT_Offset_TestMode field.
GMT_Offset_TestMode - In this field, you should chose the correct GMT Offset by yourself, if AutoGMT_Offset=false, or if you want to make a back test.
UseAgresiveMM - toggles aggressive money management on and off per single
future transaction. The purpose is to make up losses from past losing transactions.
Activates only if: UseAgresiveMM=true and TradeMMSys1(2,3)>0
==== FXCOMBO Scalping MM Parameters ====
LotsSys1 - trading volume of FXCOMBO Scalping Strategy (works if TradeMMSys1=0)
TradeMMSys1 - at >0 values, activates automatic ?? for FXCOMBO Scalping Strategy
(traded volume as a percentage of free margin)
LossFactorSys1- trading volume multiples after a loss (works only with UseAgresiveMM=true)
==== FXCOMBO Breakout MM Parameters ====
LotsSys2 - trading volume of FXCOMBO Breakout Strategy (works if TradeMMSys2=0)
TradeMMSys2 - at >0 values, activates automatic ?? for FXCOMBO Breakout Strategy
(traded volume as a percentage of free margin)
LossFactorSys2 - trading volume multiples after a loss (works only with UseAgresiveMM=true)
==== FXCOMBO Reversal MM Parameters ====
LotsSys3 - trading volume of FXCOMBO Reversal Strategy (works if TradeMMSys3=0)
TradeMMSys3 - at >0 values, activates automatic ?? for FXCOMBO Reversal Strategy
(traded volume as a percentage of free margin)
LossFactorSys3 - trading volume multiples after a loss (works only with UseAgresiveMM=true)
==== Main MM Parameters ====
MMMax - maximum allowable trading volumes per transaction (as a percentage of free margin)
MaximalLots - maximum allowable trading volumes per transaction
==== FXCOMBO Scalping System Parameters ====
StopLoss - StopLoss for system 1 (50-300)
TakeProfit - TakeProfit for system 1(5-50)
TREND_STR - conditional trend strength gauge (0-100)
OSC_open - oscillator value for position opening (0 to 30)
OSC_close - oscillator value for position closing (0 to 30)
==== FXCOMBO Breakout System Parameters ====
TakeProfit_II - TakeProfit for system 1(50-500)
StopLoss_II - StopLoss for system 1 (25-120)
MaxPipsTrailing2 - maximum allowable trailing stop value
MinPipsTrailing2 - minimum allowable trailing stop value
Break - breakthrough intensity
ATRTrailingFactor2 - trailing stops sensibility to the volatility
==== FXCOMBO Reversal System Parameters ====
BegHourSys_III - trading opening time for system 1(0-24)
EndHourSys_III - trading closing hour for system 1(0-24)
TakeProfit_III - TakeProfit for system 1(50-500)
StopLoss_III - StopLoss for system 1 (50-150)
MaxPipsTrailing3 - maximum allowable trailing stop value
MinPipsTrailing3 - minimum allowable trailing stop value
What you must have in mind when trading with FOREX COMBO SYSTEM:
- On no account would we recommend your intervening in, or assuming control of, transactions opened and managed by FOREX COMBO SYSTEM. Each transaction is complete with StopLoss and Take Profit orders which have supplementary protective functions in case of any communications breakdowns or power outages.
- Problem-free FOREX COMBO SYSTEM performance requires that the computer, the platforms (MetaTrader4) on which the expert runs and the expert itself runs, to work around the clock five days a week from market opening on Mondays to market close on Fridays. The most stable internet connection possible is required, and it is also recommended that the computer used is protected against power spikes and outages.
What you should do, when FOREX COMBO SYSTEM is started:
The only thing you should do after starting the EA is to select a value for the " LotsSys1 (2,3)" or "TradeMMSys1(2,3)" parameter. If you wish, you can try FOREX COMBO SYSTEM on a demo account, or you can trade with less significant volumes at first.
We recommend you to select trading volumes in which five or six consecutive losses of 60-70 pips (StopLoss) should not represent a problem for your account.
We also recommend as absolute minimums USD 1000 on account for trading with volume 0.1 lot (10,000), and USD 10000 on account for trading with volume 1.0 lot (100,000).
If you wish to make use of the EA's money management, you will find this information useful:
Case 1: If you set a parameter of TradeMMSys1(2,3)=0, the EA will trade with volume = parameter Lots (defaults Lots=0.1)
Case 2: If you set a parameter of TradeMMSys1(2,3)=2, the EA will trade at relatively low risk = 2 per cent of your account per individual trade.
Case 3: If you set a parameter of TradeMMSys1(2,3)=5, the EA will trade at relatively normal risk = 5 per cent of your account per individual trade.
Case 4: If you set a parameter of TradeMMSys1(2,3)=10, the EA will trade at relatively high risk = 10 per cent of your account per individual trade.
For example, if you have a USD 10,000 account, then:
- In case 2 (2 per cent risk) the EA will open 0.2 lot positions (20,000)
- In case 3 (5 per cent risk) the EA will open 0.5 lot positions (50,000)
- In case 4 (10 per cent risk) the EA will open 1.0 lot positions (100,000).
If you open a new account and this copy of the EA does not work on your new account, please contact us and we will send you another copy of the EA.
Please, remember that the EA will not function if MetaTrader 4 closes, the computer shuts down or your internet connection trips out.
Important: FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
If you have any questions or problems with
FOREX COMBO SYSTEM, please contact support@fxautomater.com
to Install and run FOREX COMBO SYSTEM
On Your Metatrader4 ( MT4 ) Forex Trading Platform
1. Make sure your Metatrader4 platform is closed.
2. Download your Expert Advisor to a folder on your computer.
3. Locate the FOREX COMBO SYSTEM .ex4 file. Right mouse click on the file and select copy.
4. Click open "My Computer" and then click open C Drive, or what ever letter drive that contains your program files, then click open the Program Files folder.
5. Locate your Metatrader4 folder and click it open. It will probably begin with the name of your forex broker.
6. In the Metatrader4 folder locate and open the Experts folder and paste the file in this folder if it is an Expert Advisor File. You can paste by selecting paste from your edit menu or right mouse click and select paste. If it is an Indicator file, then in the Experts folder locate and click open the Indicators folder and paste the file in that folder.
7. You can now open the Metatrader4 platform by clicking on the "Terminal" icon located in your Metatrader4 folder.
8. Once the Metatrader4 platform is opened you can now open a chart for a currency pair (EUR/USD) by going to File on the Menu bar and choosing "New Chart". Then choose the time frame by going to Charts on the menu bar, then
"Periodicity" and then choose the time frame you wish to view (M5).
FOREX COMBO SYSTEM is designed to work on currency pair EURUSD (M5 chart)!
9. Now you are ready to place the FOREX COMBO SYSTEM on the chart. Go to View on the Menu bar and choose Navigator.The Navigator window will appear. In the Navigator window expand Expert Advisors or Indicators by double clicking it. You should now see all the Expert Advisors including the one you just inserted. You can now place it on the chart by 3 different methods. You can either double click on the indicator or right mouse click on it and choose "Attach to a Chart" or you can drag it onto the chart.
10. Once the Expert Advisor is placed on the chart, the Settings window will pop up. Here you can view the default settings and adjust them if you need to. Make sure on the Common tab you have the "Allow live trading" box checked.
11. After you have placed the Expert Advisor on the chart, in the upper right hand corner of your chart you should see a smiley face. This means the Expert Advisor is running. If you do not have a smiley face but see a frown or an x, then make sure again that under Properties, the "Allow Live Trading" box is checked. If it is and still you do not have a smiley face there is one more place to check. Go to Tools on the menu bar and choose Options. A popup will appear and select the Expert Advisors Tab. Make sure the "Enable Expert Advisors" box and "Allow Live Trading" box are both checked. Your Expert Advisor is now ready to open, modify and close trades.
Important: FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
12. Allowing DLL Imports:
Right mouse click anywhereon the chart, select Expert Advisors -> Properties and then in Common tab select as is shown below:
Click Tools->Options and then in Expert Advisors tab select as is shown below:
Important: FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
13. You can always edit the Expert Advisor settings by right mouse clicking anywhere on the chart and choosing Expert Advisors and then Properties.
FOREX COMBO SYSTEM settings:
Use_FXCOMBO_Scalping - true/false - use or not FXCOMBO Scalping Strategy
Use_FXCOMBO_Breakout - true/false - use or not FXCOMBO Breakout Strategy
Use_FXCOMBO_Reversal - true/false - use or not FXCOMBO Reversal Strategy
CommentSys1 - systems comment for FXCOMBO Scalping Strategy
CommentSys2 - systems comment for FXCOMBO Breakout Strategy
CommentSys3 - systems comment for FXCOMBO Reversal Strategy
Magic1 - unique identification number for FXCOMBO Scalping Strategy
Magic2 - unique identification number for FXCOMBO Breakout Strategy
Magic3 - unique identification number for FXCOMBO Reversal Strategy
MaxSPREAD - maximal allowed spread for position opening
Slippage - maximal allowed slippage for position opening
***GMT Offset is very important parameter!!!***
GMT (Greenwich Mean Time) offset of brokers server time.
AutoGMT_Offset:
If AutoGMT_Offset = TRUE, the EA will calculate automatically the GMT Offset of your broker.
If AutoGMT_Offset = FALSE, you should chose by yourself the correct GMT Offset in GMT_Offset_TestMode field.
GMT_Offset_TestMode - In this field, you should chose the correct GMT Offset by yourself, if AutoGMT_Offset=false, or if you want to make a back test.
UseAgresiveMM - toggles aggressive money management on and off per single
future transaction. The purpose is to make up losses from past losing transactions.
Activates only if: UseAgresiveMM=true and TradeMMSys1(2,3)>0
==== FXCOMBO Scalping MM Parameters ====
LotsSys1 - trading volume of FXCOMBO Scalping Strategy (works if TradeMMSys1=0)
TradeMMSys1 - at >0 values, activates automatic ?? for FXCOMBO Scalping Strategy
(traded volume as a percentage of free margin)
LossFactorSys1- trading volume multiples after a loss (works only with UseAgresiveMM=true)
==== FXCOMBO Breakout MM Parameters ====
LotsSys2 - trading volume of FXCOMBO Breakout Strategy (works if TradeMMSys2=0)
TradeMMSys2 - at >0 values, activates automatic ?? for FXCOMBO Breakout Strategy
(traded volume as a percentage of free margin)
LossFactorSys2 - trading volume multiples after a loss (works only with UseAgresiveMM=true)
==== FXCOMBO Reversal MM Parameters ====
LotsSys3 - trading volume of FXCOMBO Reversal Strategy (works if TradeMMSys3=0)
TradeMMSys3 - at >0 values, activates automatic ?? for FXCOMBO Reversal Strategy
(traded volume as a percentage of free margin)
LossFactorSys3 - trading volume multiples after a loss (works only with UseAgresiveMM=true)
==== Main MM Parameters ====
MMMax - maximum allowable trading volumes per transaction (as a percentage of free margin)
MaximalLots - maximum allowable trading volumes per transaction
==== FXCOMBO Scalping System Parameters ====
StopLoss - StopLoss for system 1 (50-300)
TakeProfit - TakeProfit for system 1(5-50)
TREND_STR - conditional trend strength gauge (0-100)
OSC_open - oscillator value for position opening (0 to 30)
OSC_close - oscillator value for position closing (0 to 30)
==== FXCOMBO Breakout System Parameters ====
TakeProfit_II - TakeProfit for system 1(50-500)
StopLoss_II - StopLoss for system 1 (25-120)
MaxPipsTrailing2 - maximum allowable trailing stop value
MinPipsTrailing2 - minimum allowable trailing stop value
Break - breakthrough intensity
ATRTrailingFactor2 - trailing stops sensibility to the volatility
==== FXCOMBO Reversal System Parameters ====
BegHourSys_III - trading opening time for system 1(0-24)
EndHourSys_III - trading closing hour for system 1(0-24)
TakeProfit_III - TakeProfit for system 1(50-500)
StopLoss_III - StopLoss for system 1 (50-150)
MaxPipsTrailing3 - maximum allowable trailing stop value
MinPipsTrailing3 - minimum allowable trailing stop value
What you must have in mind when trading with FOREX COMBO SYSTEM:
- On no account would we recommend your intervening in, or assuming control of, transactions opened and managed by FOREX COMBO SYSTEM. Each transaction is complete with StopLoss and Take Profit orders which have supplementary protective functions in case of any communications breakdowns or power outages.
- Problem-free FOREX COMBO SYSTEM performance requires that the computer, the platforms (MetaTrader4) on which the expert runs and the expert itself runs, to work around the clock five days a week from market opening on Mondays to market close on Fridays. The most stable internet connection possible is required, and it is also recommended that the computer used is protected against power spikes and outages.
What you should do, when FOREX COMBO SYSTEM is started:
The only thing you should do after starting the EA is to select a value for the " LotsSys1 (2,3)" or "TradeMMSys1(2,3)" parameter. If you wish, you can try FOREX COMBO SYSTEM on a demo account, or you can trade with less significant volumes at first.
We recommend you to select trading volumes in which five or six consecutive losses of 60-70 pips (StopLoss) should not represent a problem for your account.
We also recommend as absolute minimums USD 1000 on account for trading with volume 0.1 lot (10,000), and USD 10000 on account for trading with volume 1.0 lot (100,000).
If you wish to make use of the EA's money management, you will find this information useful:
Case 1: If you set a parameter of TradeMMSys1(2,3)=0, the EA will trade with volume = parameter Lots (defaults Lots=0.1)
Case 2: If you set a parameter of TradeMMSys1(2,3)=2, the EA will trade at relatively low risk = 2 per cent of your account per individual trade.
Case 3: If you set a parameter of TradeMMSys1(2,3)=5, the EA will trade at relatively normal risk = 5 per cent of your account per individual trade.
Case 4: If you set a parameter of TradeMMSys1(2,3)=10, the EA will trade at relatively high risk = 10 per cent of your account per individual trade.
For example, if you have a USD 10,000 account, then:
- In case 2 (2 per cent risk) the EA will open 0.2 lot positions (20,000)
- In case 3 (5 per cent risk) the EA will open 0.5 lot positions (50,000)
- In case 4 (10 per cent risk) the EA will open 1.0 lot positions (100,000).
If you open a new account and this copy of the EA does not work on your new account, please contact us and we will send you another copy of the EA.
Please, remember that the EA will not function if MetaTrader 4 closes, the computer shuts down or your internet connection trips out.
Important: FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
If you have any questions or problems with
FOREX COMBO SYSTEM, please contact us at:
support@fxautomater.com
We wish you successful trading!
Risk Disclosure:
You should be aware that trading Foreign Exchange carries a high level of risk, and you can lose some or all of your investment. The high degree of leverage that is often obtainable in forex trading, can work against you as well as for you. The use of leverage can lead to large losses as well as large gains. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose.
Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.
By using FOREX COMBO SYSTEM, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.
How to Install and run FOREX COMBO SYSTEM Metatrader4 ?
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