Forex Secret Robot

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FOREX SECRET ROBOT USER’S MANUAL DISCLAIMER Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this books content. The author and the publisher are not responsible for any actions that you undertake and will not be held accountable for any loss or injuries. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risks. 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. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading software or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT

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Forex Secret Robot user guide

Transcript of Forex Secret Robot

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FOREX SECRET ROBOT USER'S MANUAL DISCLAIMER

Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this book�s content. The author and the publisher are not responsible for any actions that you undertake and will not be held accountable for any loss or injuries.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risks. 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. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading software or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT

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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 BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

All information on this website or any e-book purchased from this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading software is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Forex Mercenary and any authorized distributors of this information harmless in any and all ways. The use of this software constitutes acceptance of my user agreement.

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COPYRIGHT

This product is the copyright of Karl Dittmann and cannot be re-written, re-published, STORED OR LINKED AT ANY FILE SHARING SITES or FORUMS or used for any other books without proper referencing without permission. The use of the books is limited to your personal use. Spreading out the copies without paying for them is illegal and protected by international copyright law. www.forexsecretbot.com

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Introduction Welcome and thank you for purchasing the Karl Dittmann new �Forex Secret Robot� autotrading software (Expert Advisor). This EA is made of the global advancements in Forex trading and will be very profitable for you. This robot will revolutionize how you trade, forever. The Karl Dittmann �Forex Secret Robot� ©! Why it works The �Forex Secret Robot� © is based on global fundamental (proven to be profitable) Forex principles. The robot is optimized to trade on a 4 hours time frame � long term = very stable profit � agree? The �Forex Secret Robot� identifies new trading opportunities quickly and efficiently, to give you accurate and profitable trades. The robot analyzes price movement to identify the beginning of the new 2-5 day trends. When it is identified, the robot will open, manage and close a trade for you automatically. We all know that the small time frames systems and robots are very risky and most of them simply don�t work, so we decided to create a longer time frame EA (4H) to reduce the risk, filter false signals and give you profitable trades. The robot will trade a few times a week - each time when there is a new EUR/USD 2-5 day (short or long) trend. The �Forex Secret Robot� uses a couple of well known indicators and some unknown price action filters and rules to cut false signals. IMPORTANT: In order to achieve good results you must read AND FOLLOW THE MAJOR RULES BELOW! Forex Secret Robot: forexsecretbot.ex4 � EA file. forexsecretbot.pdf � user�s manual

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Time frame: 4 HOURS. (The robot may work on 1H time frame as well � but it�s more risky and the results are NOT guaranteed. One again � the robot is optimized for the 4 hour time frame only) Pairs: EUR/USD ( The robot is optimized for the EUR/USD only, but you may try it for other pairs at your own risk �good results are NOT guaranteed!) Back test: The �Forex Secret Robot� is optimized for the CURRENT market condition. The last 3 month back test (March 08 � June 12, 2010) Deposit $10,000 � The backtest made using 1 LOT TRADES ONLY = $9000! Imaging make $9000 profit trading only $10000 in 3 month!

IMPORTANT: The �Forex Secret Robot� is a long term robot, make sure to give the robot at least 1 month to see a good profit in your account. Of course not every trade will be profitable, there is �no holly grail in Forex� ( losing trades will be closed by a stop loss automatically) but by the end of the month a good profit is guaranteed. The �Forex Secret Robot� algorithm uses a very special

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money management formula � all losing trades will be covered with large profit winning trades. Give it at least 4 weeks!

Installation and Setup Installation. Forex Secret Robot is a plug-in that requires MetaTrader 4 to function. If you already have MetaTrader 4 installed, place the file Forexsecretbot.ex4 in C:/Program Files/xxxxx/experts, where xxxxx is the name of your MT4. For example, the MT4 from FxPro is called FxPro - MetaTrader, and the complete path will look like this: C:/Program Files/FxPro - MetaTrader/experts Run MetaTrader 4 again and skip to Step 3 below. If you do not have MetaTrader 4 installed, you need to download it from a Forex broker web site. We recommend using only well known, reputable brokers such as: Alpari UK http://alpari.co.uk (robot back test in this manual generated with Alpari mt4) Follow the links above, choose your Forex broker, and download MetaTrader 4 for free. After you download MetaTrader 4, install it on your computer. This is a standard and simple operation. Setting up Forex Secret Robot Step 1 . After the installation of MetaTrader 4, place the file Forexsecretbot.ex4, in C:/Program Files/xxxxx/experts, where xxxxx is the name of your MT4. For example, the MT4 from FxPro is called FxPro - MetaTrader, and the complete path will look like this: C:/Program Files/FxPro - MetaTrader/experts Step 2 . Run MetaTrader 4 by selecting it from the Start menu. When the application launches, it presents a window in which you need to enter your account details. Carefully fill out all the fields. Selecting the �I agree to subscribe to your newsletters� checkbox makes the OK button available. Once you have filled out all the fields, click OK. When you click OK, your demo account will be registered and you will be signed in with the system with your demo account details. Your account number is displayed on the left of the window title. If

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you see it there, it indicates that your account has been registered successfully and you have logged in the system.

Step 3 Take a look at the Navigator panel on the left of the main window.

The Navigator panel displays all the accounts, indicators, expert advisors, custom indicators, and scripts available to you. Let�s focus on Expert Advisors for now. If you followed the simple instruction above, you should see Forexsecretbot under Expert Advisors.

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If you don�t see it there, please make sure you have placed the file Forexsecretbot.ex4 in the correct folder, as described above. Relaunch MetaTrader 4 and check Expert Advisors again. Step 4 Use EUR/USD pair, 4 hours time frame. Maximize the EUR/USD graph and drag Forexsecretbot from the Navigator panel onto the graph window. A window with the robot settings appears. Make sure you select the checkbox labeled �Allow live trading� in the Common tab. This will allow the robot to place orders automatically.

In the Inputs tab, you�ll find only one parameter of the robot. This is where you can change the value of the lot�LotSize (default = 1.0 lot) � and the other parameters such as take profit, stop loss, standard account/micro account etc.

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Click OK. General Variables � You don�t need to change them to start trading! EAName="forexsecretbot"; // Expert Advisor Name IsMicroAccount = false; // Define if account is micro or standard CompletedBars = true; // Define execution by bars or ticks TradeOrAlert = true; // Define execution. True allows trading, false sends Alerts SendMailMode = false; // If ON, sends mail with order execution info PlaySounds = true; // If ON, Plays a sound when orders/alarms are executed MySound="alert.wav"; // Sound to be played when orders/alarms are executed Trading Variables UseTradingTime = false; // If on, trades only when trading time start // i.e 9 = 9 am // i.e 16 = 4 pm OrderIncludeTPSL = true; // If false, orders are opened and later TP/SL is added MaxNumberofPositions = 1; // max open positions MaxOrderRetry = 100; // if there is an error executing orders, the script retries MaxOrderRetry times BuyColor = Green; // color to identify buy orders SellColor = Red; // color to identify sell orders AutoAdjustSLTP = false; // to turn on/off stop loss autoadjustment. Adjust SL to three times the minimum SL allowed Money Management Variables UseMaximumPercentageatRisk = false; // Turns on/off max risk condition MaximumPercentageatRisk = 1; // i.e max size of trade = 2 = 2% of equity UseRiskRatio = false; // Turns on/off risk ratio RiskRatio = 3; // i.e. RiskRatio=3 means that TakeProfit/StopLoss = 3 UseLotManagement = false; // Turns on/off lot management LotManagementType = 2; // 1 - Uses Decrease factor // 2 - Uses a fix factor 75%,50%,25%

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ReductionFactor = 5; // for money management lot-(lot*losses/ReductionFactor) // Variables for MT4 only Slippage = 3; // Minimum slippage accepted TP/SL/TS/LS variables //Values in pips. 10=10 pips. S_Symbol_LS_0 = 1.0; //Used to change value or backtest Lot Size S_Symbol_TP_0 = 100; //Used to change value or backtest Take Profit S_Symbol_SL_0 = 50; //Used to change value or backtest Stop Loss S_Symbol_TS_0 = 0; //Used to change value or backtest Trailing Stop B_Symbol_LS_0 = 1.0; //Used to change value or backtest Lot Size B_Symbol_TP_0 = 100; //Used to change value or backtest Take Profit B_Symbol_SL_0 = 50; //Used to change value or backtest Stop Loss B_Symbol_TS_0 = 0; //Used to change value or backtest Trailing Stop Step 5. In the top right corner of the terminal window you should see the name of the robot with a cross next to it. This indicates that your robot has been activated and Active!

You have successfully installed, set up, and launched the robot. Now it will trade, open and close orders automatically and completely independently without any intervention on your part. You can watch the results of its work on the computer screen. The bottom part of the window displays the trading and their results in two tabs: Trade and Account History. If you do not see the tabs, press CTRL+T on the keyboard to display the trading window.

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Good luck with your trading! Karl Dittmann team 2010 www.forexsecretbot.com