The Rocka Fella Hedge EA Training
Login to the vpn.
Locate & right-click on the "Expert Advisor" section of MT4.
Click "Refresh" (your Rocka Fella Hedge EA will appear in that section).
Open a new Chart and change the time frame to M15. (The Ea Works on All Time Frames).
Drag EA onto the chart or double click the EA to open the EA settings.
Click on the "Inputs Tab".
Leave settings as is for now.
Start with a 0.01 lot size.
EA Works on all pairs Not indecies. Choose pairs with low spread.
EURUSD, GBPJPY, EURJPY, USDJPY, AUDUSD, USDCHF GBPUSD.
Pips Step | The Distance between trades in pips.
MaxBuy Trades | The Maximum number of "buy trades" you are allowing the EA to take.
MaxSell Trades | The Maximum number of "sell trades" you are allowing the EA to take.
LotExp | This is the martingale Multiplication settings. Set to 1.0 means all trades open the same. Set it to 1.1 means trades will in crease by 10% each time. set to 1.20 means 20% etc..
Lot | This is your Original lot. If you set it to 0.01 then the initial lot starts at 0.01. The lot will increase in size depending on the lot exponent above.
Take Profit | This is the Take profit differential. The higher the number the longer you are stuck in trades but the higher the profit will be.
EnterBuy Trades | True = Make "Buy Trades. False = Don't place "Buy Traders".
EnterSell Trades | True = Make "Sell Trades. False = Don't place "Sell Traders".
X_Percentage | Equity protector. Set to 65 = when your drawdown reaches 65% all your trades are closed in a loss and the EA will reboot in 24 hours. This allows you to be on a flight or in transit and can't get to your pc to switch off the EA.
Do the Following On Trigger | These are the settings for the "Equity Protector"
Close Open Trades | True = All trades close in loss.
Close Pending Order | True = Close all pending orders.
Remove EA | True = The ea will be removed when the equity protector is triggered.
Send Email | True = When the Equity protector is hit, you'll get an email. You'll need to set up the smtp settings under tool, options emails, on MT4. Check the FAQ section of my website for the video on push notifications.
Push Notifications | True = When the Equity protector is hit, you'll get notified as a push notification to your MT44 mobile device. You'll need to set this up on MT$ under the Tools, options Notifications. Check the FAQ section of my website for the video on push notifications.
Audio Alert | True = When the Equity protector is hit, either your MT4 pc version speaker will sound or your MT4 mobile device will sound.
Use Trailing Stop | True = Trailing stop is activated.
Trail Stop Pips | Distance you allow the profit trades to retrace before closing. After X pips if there is a pull back, your profit will be locked in.
Trail Step | Distance for trail stop to be activated. 5 = every 5 pips.
Break Even Settings | True = Use break Even.
Break Even Pips. | Pips needed to break even.
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.
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.
The 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.