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Step 1. Setting Up News Indicator

Click Tools Options

Click on The Expert Advisor Tab
Make sure All 3 Check Boxes are checked

Double Click in the URL part and paste the url below.

http://forexfactory.com

Then Click OK

Step 2. Load Gold Chart

Find The Gold Chart.

  1. Right Click in the "Market Watch Section".
  2. Click "Symbols".


  1. Find the "Metals Folder" and click on the "+" sign to drop down the menu.
  2. Click On "XAUUSD Gold Spot" so the "$" icon goes yellow.
  3. Click close. 
  1. In the "Market Watch" window, right click on  "XAUUSD". 
  2. Click "Chart Window".
  3. Change time frame to 1M.
  4. Drag the EA on to the Chart. Keep default. settings. Don't change any settings. Don't load any preset.
    5. Go to step 3. below.

Step 3. Click Here |  Load Your EA & Reposition The EA Window

Login to the vpn.
Locate & right-click on the "Expert Advisor" section of MT4.
Click "Refresh"  (your Gold 2 - Modified 19 EA will appear in that section).
Open a new Chart  and change the time frame to M1.
Drag the Gold EA onto the chart or double click the EA to open the EA settings.
Click on the "Inputs Tab".

Left mouse click down on the Blue bar of the EA and move the EA inputs window up .

Hover your mouse over the blue horizontal line until your mouse turns in to a line with 2 arrows.
Left mouse click down and drag & expand the Inputs window. 

Step 4. Inputs Tab

Below the video is a text explanation version of the inputs settings 

Left Mouse Click Down on The Blue  Bar on the Right and drag the window out to the right to expand the window

Username = Your VPS Username. Check your email for your User Name.
Double Click in the filed.
Copy & Paste your username in the field

Join Trades Take Profit  = Drop Down Menu Double click it. 
Click on the arrow to access more options.

Join Trades Take Profit  = Drop Down Menu Double click it. 
Click on the arrow to access more options.

Join Trades Take Profit  = Drop Down Menu Double click it. 
Click on the arrow to access more options.
1. Hedge Individual Trades - At Equity Drop works with the next option called :"Equity Drop %. If you select  "Hedge Individual Trades - At Equity Drop" Then change the number in the Filed Equity Drop %. 
Example. If you put 65, it means that your account will hedge when you have used 65% of your equity. This option will place individual trades, opposite to your open trades, in equal amounts. Example. If you have 3 open buy trades =
Buy Trade 1 =  0.01
Buy Trade 2 = 0.02
Buy Trade 3 = 0.04

Then the EA will place the following trades
Sell Trade 1 = 0.01
Sell Trade 2= 0.02
Sell Trade 3 = 0.04
This option hedges your account and you can then chose a strategy to exit all EA trades.
 
2. On Hedge Remove EA  = Yes / No
Yes = This option removes the EA after the hedge is opened. 
No = The EA continues to open positions. 
More hedges will be placed. 
You must se it to YES Remove EA

3. Hedge Individual Trades- Remove EP
This option does the same as above and removes your equity protector. Make sure the EP is set to a  higher value than the Equity Drop %. If they're the same your account won't hedge, Your Equity protection takes preference and all trades will close in a loss.

3. Hedge Trades As A Group - Remove EP.
This is the same as option 1 above except the hedge will be places as 1 trade.
Example.
If you have 3 open buy trades =
Buy Trade 1 =  0.01
Buy Trade 2 = 0.02
Buy Trade 3 = 0.04

Then the EA will place 1 trade = to the sum of the open trades 
Sell Trade = 0.07

Your equity protector will be disabled. Make sure the EP is set to a  higher value than the Equity Drop %. If they're the same your account won't hedge, Your Equity protection takes preference and all trades will close in a loss.

4. Hedge Individual Trades Using % Multiplier.
This option allows you to choose what % of each trade you want to hedge.
Example  using 100% hedge
EA trade 1 = 0.1 
Ea Trade 2 =0.2

Hedge Trade 1 = 0.1
Hedge Trade 2 = 0.2

Example using 150%  Hedge
EA Trade 1 = 0.1
Ea Trade 2 =0.2

Hedge Trade 1 = 0.15
Hedge Trade 2 = 0.30

5. Hedge Trades As A Group Using % Multiplier.
Same as above except the entire sequence is hedged in 1 trade.
Example
Trade 1 = 0.01
Trade 2 =0.02

Example using 100% Hedge
Hedge Trade  = 0.03

Example using 150% 
Trade 1 = 0.01
Trade 2 =0.02

Hedge Trade = 0.45


To Hedge at a specific level
Hedging Mode = No Hedging
Double click in the field where the 8 is click on the down arrow to expand the dropdown window & change it to your preferred level. 

Early Exit
Take Profit X pips before the actual Take Profit  line.
 

ATR
This function is for experienced traders.
Toggle to OFF to use original engineer settings.
Toggle to ON then the ATR number below will be the new ATR of the EA. 

Magic Number
You can run the same EA with different strategies on 2 separate charts provided the magic number for each chart is different. 
Chart A = 1 
Chart B = 2
ETC.

Multiplier
This is a lot exponent multiplier. 
Take profit = This will change the take profit line by X pips.
Distance Open Position Pips = This changes the step distance of each open trade. 

Info Chart
Show Info on chart True / False
Displays the info box on the chart.

Info Text colour
Colour of the text in the info box

BGKolor
changes the background colour of the info box.

Lot Started & Lot 1
Both these values must be the same.

Lot 2 - Lot 12
You must increase each lot size by a factor larger than 1.8. Anything smaller will result in losses. 
Check the drawdown & exposure calculator to understand the risk. The calculator is in section 6 below. 

Use Equity Protector
False = equity protector is off.
True = Equity protector is on. When on use a value below
Close all orders when Float hits % amount.

Example 65
When open trades = 65% of balance all trades will be closed in a loss. 

Do the following when EP = True
Close open trades = True / False 
Close pending orders = True / False
Remove EA = True / False 
You'll need to setup notifications in MT4 to allow the below functions 
Send Email = True false 
Push Notifications = True / False
Audio Alert = True False

Notifications can be setup on the MT4 platform under Tools, Options , Email & Notifications tabs. 

Pip Step
This affects the position at which each trade is placed apart from each other. (This is for experienced traders.  If you change this setting to 1 then the distance between each trade is widened. This will reduce drawdown & exposure.
A setting of -1 and above closes the gap between each trade. This increases drawdown and risk.


Take Profit
This affects the Take profit positions at each level. (This is for experienced traders.  If you change this setting to 1 then the TP is moved up by 1 on each step. If you change the setting to -1 then the TP is moved closer to the trade. Less profit is made on Each trade.  Using -1 may result in losses.


Use No Trades On News?
True = no trades execute during news 
False = Trades will execute.

All other functions are self explanatory. 
Each function can be toggled on or off. 
On = No trades execute during those news events

Off = Trades will execute during those news events. 

For the news filter to work, make sure you have setup the url correctly in MT4 Check section 1 above.

Panel Side = Position of the news panel on your gold chart.
Title Colour = Your preferred colour for the title of the panel.
Show Background On/Off
Chart Time Offset = This is for daylight savings. Check the setup video above to make sure the time is set correctly for news so that trades don't execute at the correct times. 

The rest is self explanatory.  


Step 4. Commons Tab

Make Sure All boxes are checked for trading to commence. 

Step 5. Click Here | Understanding The EA Settings & Lot Sizes

Join Trades Take Profit  = Drop Down Menu Double click it. 
Click on the arrow to access more options.

Join Trades Take Profit  = Drop Down Menu Double click it. 
Click on the arrow to access more options.

Join Trades Take Profit  = Drop Down Menu Double click it. 
Click on the arrow to access more options.
1. Hedge Individual Trades - At Equity Drop works with the next option called :"Equity Drop %. If you select  "Hedge Individual Trades - At Equity Drop" Then change the number in the Filed Equity Drop %. 
Example. If you put 65, it means that your account will hedge when you have used 65% of your equity. This option will place individual trades, opposite to your open trades, in equal amounts. Example. If you have 3 open buy trades =
Buy Trade 1 =  0.01
Buy Trade 2 = 0.02
Buy Trade 3 = 0.04

Then the EA will place the following trades
Sell Trade 1 = 0.01
Sell Trade 2= 0.02
Sell Trade 3 = 0.04
This option hedges your account and you can then chose a strategy to exit all EA trades.
 
2. On Hedge Remove EA  = Yes / No
Yes = This option removes the EA after the hedge is opened. 
No = The EA continues to open positions. 
More hedges will be placed. 
You must se it to YES Remove EA

3. Hedge Individual Trades- Remove EP
This option does the same as above and removes your equity protector. Make sure the EP is set to a  higher value than the Equity Drop %. If they're the same your account won't hedge, Your Equity protection takes preference and all trades will close in a loss.

3. Hedge Trades As A Group - Remove EP.
This is the same as option 1 above except the hedge will be places as 1 trade.
Example.
If you have 3 open buy trades =
Buy Trade 1 =  0.01
Buy Trade 2 = 0.02
Buy Trade 3 = 0.04

Then the EA will place 1 trade = to the sum of the open trades 
Sell Trade = 0.07

Your equity protector will be disabled. Make sure the EP is set to a  higher value than the Equity Drop %. If they're the same your account won't hedge, Your Equity protection takes preference and all trades will close in a loss.

4. Hedge Individual Trades Using % Multiplier. 
This option allows you to choose what % 

Step 6. Click Here | Lot Size & Exposure Calculator

Check your available EQUITY not your BALANCE before setting up the EA. 

Step 7. Click Here | Times Not To Trade Gold

Only 5 USD news announcements to worry about.

FOMC  | Definitely NO Trading During This period. don't trade 1 day before or 2 days after. Google "FOMC dates" and diarise the dates.
NFP | Trading optional. Slow down robot to 0.01
CPI | Trading optional. Slow down robot to 0.01
Retail Sales | Trading optional. Slow down robot to 0.01
GDP | Trading optional. Slow down robot to 0.01

Don't trade gold during these announcements.
Check MyFXBook or Investing.com for news announcements. 
Download the app to your phone and check it everyday!!!

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