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Affiliates

Earn 10% commission for every Bot you sell. 

You need to sell 4 bots before commission is paid. 

Once you have your 4 bots you will earn commission in the next month. 

All commission earned before your 4th bot is not paid out. 

Back Testing

UNFORTUNATELY BACKTRESTING IS NOT ACURATE AS IT DOES NOT TAKE IN TO ACCOUNT THAT THE SPREAD CHANGES EVERY SECOND, LEVERAGE CHANGES WHEN YOUR ACCOUNT HITS A SPECIFIC EQUITY. I DON'T RELY ON BACKTESTING I RELY ON REAL TRADING RESULTS. TESAT ON 0.01 ON LIVE CHECK THE DD% THEN INCREASE AS PER YOUR RISK APPETITE AND GOOD MONEY MANAGEMENT PRONCIPALS.

Before Begining the back test. Close MT4 & reopen it. (This refreshes the EA in the Backtest part of MT4)
Good quotes are very important for correct backtesting. 
1. Login into VPS.
2. Click the View tab (Top of the screen), then click strategy tester
3. Press the F2 button in your Keyboard
4. Double click at EURUSD symbol and M1 timeframe. 
5. Press Download button and OK button in the next window. 
6. After downloading press Download button again and press OK buttons twice in two next windows. 
7. Close MT4 Then Restart MT4. 

Modelling quality in backtesting should be at least 90%.

Once you have done the steps above watch the video below

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BE. BACKTESTS CAN'T UNDERSTAND VARIABLE SPREAD, CHANGE IN LEVERAGE & DOES NOT TAKE LATENCY INTO ACCOUNT. 

Back Testing 2

Calculate The Value Of A PIP

Here is the lot size calculation

Formula is: (close - open) * contract size * volume * convert rate

Here's an example:

EURUSD
close 1.15200
open 1.15000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
USD is quote currency here, so convert rate = 1
(1.15200 - 1.15000) * 100 000 * 1 = 0.00200 * 100 000 = 200 (USD/USD cent). So, profit is 200 * 1 = 200 (USD/or USD cent)

USDJPY
close 113.200
open 113.000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
JPY is quote currency, convert rate = 1/113 (for this example, depends on open price)
(113.200-113.000) * 100 000 * 1 = 0.2 * 100 000 = 20 000 (JPY/or JPY cent)
So, profit is 20 000 / 113 = 176.99 (USD/or USD cent)

Calendar | News | Politics

Download an app to your phone called MyFXBook. Enable red folders, which are the high impact news announcements.
Choose your currency pairs.
Check every morning or once a week what news is coming out that week. Diarise the dates. 
You may need to create an account on the app or on the website
. https://www.myfxbook.com/ 
The news is also available on the website if you prefer. https://www.myfxbook.com/ 

Here are the big 5 news events to worry about.

Interest rate
NFP
CPI 
Retail sales
GDP
FOMC
OIL price & news. 


Download the app from Google Play Store on android or App store on Iphone & follow the screenshots below. There are 9 steps to follow. Make sure you complete this task correctly.

Step 1. Download and install the app

Step 2. Open the app and click on the 3 parallel lines to get to the settings page

Step 3. Click on the Calendar tab

Step 4. Click on the Gear Icon

Step 5. Follow the picture below and make sure all the settings are correct. 

On Step 7. Choose your pairs that you want news for USD, CAD, AUD JPY.

Step 8. Click the arrow on the top left of the application to go back to the calendar to view the events for the day.

Step 9. On the top of the screen it says Yesterday, Today, Tomorrow, and if you scroll to the right it says entire week. 
Go through the week and diarise the dates for the news events that affect your pairs.

Can I Close Or Switch Of My PC / Laptop

Your robot is located on a VPS in Germany. That pc is on 24/7. You can switch off your local machine, your robot will still produce profits 

Close Out Trades Manually

EA Not Trading | Unhappy Face

  1. Click on the Unhappy face on the top right hand corner of the EA or right click on the chart, click Expert Advisor, Click Properties, to open the properties of the EA.
  2. Click on the commons tab as indicated in the picture to the right.
  3. Make sure the Allow Live Trading box is checked.
  4. click ok.  
  5. If the unhappy face has not turned to a smiley face follow steps 6 - 10  below.



6. Click on Tools then click Options.

7. Click on The Expert Advisors tab.
8. Make sure all 3 boxes are ticked.
9. Click ok.

10. Make sure the Auto Trading is green. If It is red click it to make it green. 
If your face on the chart is still unhappy call me ASAP.

EA Trading Strategy

Exposure / Drawdown Explained | DD%

How to work out your Exposure.
Take your open trades and divide by your capital then x by 100 to get to a % of open trades to capital invested. 
Example 
Capital = $1000
Open trades = $15
Exposure = 15 / 1000 x 100
Exposure% = 1.5% 
This means that 1.5% of your capital is being used in trading. Or 1.5 % of the $1000 capital is being used in trading.No more than 1% exposure should be used on a slow day during non-volatile trading. 
If you have more than 2% exposure, then you have over-leveraged your account and you may run into problems. You also may run the risk of blowing your account, which means you could lose all your capital or a portion of your capital as per your equity protection settings. the Bot takes 2-3 days to kick in, so before adding currencies or increasing the lot size wait for 2-3 days then check your exposure.

Forex Markets Times

Sydney Market open at 0:00 GMT +2
This sets the tone for the day on what is going to happen to a currency.
AUD & NZD pairs are affected

Tokyo opens next at 01:00.
JPY & CHN pairs are affected

Frankfurt opens at 08:00
All European currencies are affected here but not in a major way.

09:00 London opens.
This is the 2nd biggest exchange in the world & major movements happen from 09:00
EUR & CHF pairs are affected here.

14:00 New York exchange opens.
USD and EUR are affected here as NY and London are open at the same time until 17:00
Expect massive movements here

http://forex.timezoneconverter.com/?timezone=Africa/Johannesburg&refresh=5

https://www.worldtimezone.com/forex12.php

Hedging Strategy

  • VIDEO 1.

  • VIDEO 2.

  • VIDEO 3.

  • VIDEO 4.

  • VIDEO 5

Video 1

Install MT4 on Mac / PC, Download  & Analyse Trade History

Internal Transfer On FBS

Investor / Trader Passwords

Leverage | Changing leverage  

Magic Numbers

MT4 On Your Phone Explanation

Open A Manual Trade In MT4

Click to play

Pause & Restart The Bot

  • Pause The Bot

  • Restart The Bot

  • Is It Safe

Pause The Bot

Read Forex Charts Using Moving Average Analysis

Refresh The Experts 

Right click on the words "Expert Advisor"

Click Refresh

Remove The EA Off The Chart

Resources & Useful link

Risk Managment

Check your are using the correct lot size by using this calculator http://tiny.cc/lot-calculator

Managing your capital and making money needs to have rules. 

Warren Buffet's number 1 rule is to NEVER lose money or protect capital. His second rule is to make a profit. His third rule is to refer to rule number 1 & 2. I have added a 4th rule with is to draw profit & enjoy a portion of that profit. 

As you know I am not a financial advisor so I can't give you financial advice. What I can offer are my risk management rules.

Before I get started I need to explain some terminology and how the EA works. The EA like a business uses capital to trade. Sometimes the capital used is 1% other times & not often, it can be as high as 50%. The average is around 5%. The capital used in trading or open trades is called "Capital Exposure" or CE. 

Example 

Your Capital is $1000, you start your EA and trades begin to open. Let's say you have 4 open trades & the total capital used in those open trades is $30. Your "CE = $30. Now to work out the percentage of CE to the capital (CE%), you use the following formula below. 

Open Trades / Capital x 100 = CE%
30 / 1000 = 0.03
0.03 x 100 = 3% 
So your CE % = 3% 

My Lot Size Risk Management.

When my Capital Exposure% (CE%) hits 10%, I change my lot size down to 0.01. I only do this if I have equity (spare cash available) to top up my account. If I don't have spare cash to top up my account then when my CE% hits 5% I change my lot size down to 0.01.

4 - 8 open trades usually = 5%

8-10 open trades usually = 10%

If my CE% reaches 20%, I change my time frame to H1 to slow down the EA from opening more trades.

If my CE% reaches 30%, I change my time frame to H4. 

If my CE% reaches 50%, I check the support/resistance lines to understand if the price is going to reverse anytime soon. If there is no support/resistance within 100 pips I will let my equity protector kick in. If there are support lines within 30 - 50 pips, I would fund my account and ride out the trend. What goes up must come down and vice versa. 

Once your trades have closed in profit you can reset the EA as per your original settings. 


How To Change Lot Size Down.

Option 1. 

This option resets the max trades. Max trades is set to 20 as a default) removing the EA resets this setting. I.E. If you already have 20 trades open and you change the lot size down with the below method, max trades is set to zero and thus the EA can open another 20 trades. 

Login to VPS.
Double click on the EA to open it.
Click "Yes" to remove the EA.
Click Load.
Double Click on your saved template that has the license key.
Change "Lots" to 0.01. Make sure "Use Equity Stop" is set to "True" Make sure "Total Equity Risk" is set to your % (engineer recommends 50%). Don't put the % sign, just enter the number. 
Click the Save button twice. Rename the template. Call it "0.01"
Click Save. Call the new preset (your name & 0.01)
Click Ok.
Check bottom right of the chart, make sure "Lot Size has changed and is says "Lot Size: 0.01".

Once your trades have closed you can thren setup your EA according to your capital using the lot size calculator and your risk profile.

Option 2. 

This option changes the existing settings and keeps the algorithm as is. Regarding the Max Trades option, this is kept intact. I.E. If you have 18 trade open the EA can only open another 2 trades unless you increase the Max Trades setting. Example increase to 21 and the EA can open 3 more trades equalling 21 open trades.

Login to the VPS.
Right-click on the chart.
Click Expert Advisor
Click Properties or (F7)
Change Lot size down to 0.01 or your desired lot size. 
Click Save. Call the new preset (your name & 0.01)
Click Ok.

Once your trades have closed you can thren setup your EA according to your capital using the lot size calculator and your risk profile.

ROI (Profit) Explained

To calculate your ROI take the profit for the day and move the decimal 2 places from right to left 

Example 

Profit = $1000.00
Move decimal  2 places 
Profit = $10 

Calculate ROI 

Profit / capital X 100 = ROI as %

Capital = $1000
Profit  = $10 
ROI = 10 / 1000 X100 = 1%

Setup MT4 On Your Phone

Show / Hide Currency Pairs On MT4 On VPS

Speed Up The Training Videos

Step 1. 
Right click on the video
Click on "Copy Video URL"
Paste The link to to a new internet browser

Step 2. 
Click on the "Gear Icon" located on the botton right hand corener of the video.
Click on "Placback Speed"
Chose the speed you are comfortable with. 

Stop The Robot From Placing Trades

To stop live trading follow the below instructions
Click on the smiley face of the EA 
Click on the "Commons" tab
Uncheck allow live trading
Click "OK

Statistics MyFXBook

Telegram Channel Links

Make sure you’re on all groups 

Download Telegram to your phone or PC

Click the link below

Once you one the group click on the "Jon Group”Button located at the bottom of the screen. (If you don’t click on the “Join Group” button, then you will not have access!)

Chit Chat Group & General discussions. (This is a very important group to be on)
https://t.me/joinchat/VtfQRclAFu5IAWjW

New training videos will be posted here.
https://t.me/joinchat/R2GCgEZKd01wPlfS

Political & Economic announcementsGroup.
https://t.me/EA_Politics

Learn to Read A Forex Chart Mentoring Master Class Group.
https://t.me/joinchat/R2GCgEZKd01wPlfS

Testimonials
https://t.me/joinchat/V6M6BlYRq8rBrP7u

Affiliates Group.
https://t.me/pro_aff_marketing



Testimonial Calculator

This is how you calculate your profit per day
Example 
Profit = $1000.00
Move decimal  2 places from right to left
Profit = $10

Calculate ROI =
Profit / Capital X 100 = ROI as %
Capital = $1000
Profit  = $10
ROI = 10 / 1000 X100 = 1%

Trades Are Not opening

If your EA is not trading
1. DLL is not activated on your bot or in the Experts section of MT4. 
2. The price is above your last open trade.
3. You're logged in with your investor password instead of your trader password. Check in FAQ for password info.
4. Live trading is not activated in the EA or on MT4.

Withdraw Profit, Capital or Both From FBS

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