Apache EA Training
Login to the vpn.
Locate & right-click on the "Expert Advisor" section of MT4.
Click "Refresh" (your EA will appear in that section).
Open a new Chart and change the time frame to M1.
Drag EA onto the chart or double click the EA to open the EA settings.
Click on the "Inputs Tab".
Double click on the "Apache Preset File".
Your EA should be loaded anda buy and a sell trade should have opened. If not redo the steps above. If trades have still not opened then contact me.
Magic Number | This settings allows you to operate the EA on the same chart with different settings. The magic number groups the trades together so the EA knows which trades belong to which setup. So you can have the Apache running with 2 different setups on for example EURUSD.
Lot Started | This is your Original lot. This lot is only used if you are using the multiplier. If the multiplier is set to 0.0 Then Lot started is ignored and The lots used will be entered manually.
Multiplier | This is the Martingale multiplier. If you use the multiplier then set the lot started at the desired setting and then change the Lot 1-12 all to 0.0. This setting is for a person with a higher risk appetite and is not recommended for novice traders. You should know how to trade manually and hedge before you use this setting.
Take Profit | This setting is set to 0 unless you are using the lot started.
Distance Open Positions | This is the distance between open positions. Example if you set it to 10, then every 10 pips a new trade will open. This setting is set to 0 unless you are using the lot started.
Lot Size | This is the lot sizes your EA will use if your "Lot Started" option is set to 0. You can determine the maximum open positions. A max of 6 is recommended to preserve capital and have a lower drawdown.
Pairs To Use
The EA works on all pairs.
Chose pairs with a low spread between 1-6 pips / 10 - 60 points.
Below are the pairs the engineer uses and the profit per pair.
Thre blow graphs can be found on the EA's FXBlu page.
Symbol - Number Of Trades
The % means the number of trades placed as a % relative to the other pairs. Example. USDJPY placed 37.2% of the trades, compared to EURJPY that only placed 13.6%. The % of trades placed does not = the profit. More trades placed by the EA per pair may not mean more profit for you.
Symbol - Net Profit
This graph below depicts the profit each symbol / currency pair has produced relative to the other symbols. As you can see GBPAUD has produced more profit than the other currency pairs.
You would need to play around with pairs and decide for yourself which pairs to use. Be conservative with lot size & don't over leverage the EA.