Forex WindFall

8/6/2019 Forex WindFall

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Automatic, intelligent and low risk wealth creation

Help File



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This file is a copy of the help available at www.winstock.co.uk/asp/m_help.asp.

The most recent update of this file is available there together with the terms and conditions,licensing agreement, risk warning, disclaimer and confidentiality statement that you (the

client) must agree with to use our (Winstock Software) programs.

You must assume all responsibility for the use of any of our products, you must be aware ofthe risks involved and you will hold Winstock Software free of any responsibility or liability inthis matter.

You can use the system as noted in the licensing agreement but you cannot resell it or shareit with others.

We will from time to time add new functionality to the software. We reserve the right toterminate our agreement with you if the terms of the agreement are broken.

Please see our website for full details.

Copyright Winstock Software 1 May 2011



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Index

Choosing a broker Page 4

Installing MT4 trading platform Page 4

Loading the EA Page 6

Attach the WindFall EA to a chart Page 8

Setting up Forex WindFall Page 11

New to version 2 Page 14

Registering your MT4 account(s) with Forex WindFall Page 15

Start trading with Forex WindFall Page 16

Contact details Page 18



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Choosing a broker

There are many online currency brokers to choose from. You will need one that allows tradingvia the Meta Trader platform MT4. The internet will allow you to compare various brokers ongrounds of cost, speed, location and efficiency. Small spread size is important, but not asimportant as having a broker with a good reputation. You should also consider the minimumaccount size and minimum trade size that the broker will accept. Typically, account sizes startat $100 with a minimum trade of $0.10. Some will go lower but most brokers also acceptmuch larger accounts.

Popular brokers include Alpari, FxPro, GoMarkets and Tadawulfx.

Installing MT4 trading platform

If you choose Alpari, for example, the following link will get you to their demo page. Type in

http://www.alpari.co.uk/en/trading_accounts/open_demo_account.html, then click ‘open ademo account’ and fill in your details. No financial details are required at this stage, apart fromthe currency of the demo account. Alpari will email you with your account details. You candownload the MT4 platform directly from a link in their email. After following the installationsteps the MT4 platform will open.

From the MT4 menu, click on tools / options and select the ‘experts’ tab. Make sure that onlythe following boxes are ticked:

all other boxes should be unticked.

You can inspect or modify the account username and password emailed to you by Alpari byclicking on tools / options then selecting the server tab:



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alternatively select view / navigator and in this window look under the account heading.



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Load the EA – you’ll be trading in no time

When you bought Forex WindFall, we emailed your password to you. You will need this

together with your email address to log into our website. Click on the link in the email to signin. If you’ve lost the password, click on the forgotten password link or type in:http://www.winstock.co.uk/asp/M_forgotten_pw.asp.

If your MT4 platform is open, you should close it now.

From our website select the download menu and then the download button. This retrieves theWindFallLoader program which will install Forex WindFall for you. Some browsers will let yourun the WindFallLoader directly. If you can then take this option and skip the next paragraph.

Alternatively you will need to save the WindFallLoader to a file. Press "ok" to proceed. Youwill need to locate this file before you can run it, it’s normally in the download folder unlessyou saved it elsewhere. If you can find the file (WindFallLoader.exe) you should do so now.

Otherwise you can use the following method to find it: click on the windows start button andtype WindFallLoader.exe into the search box. Pressing enter should locate the file.

Double-click the file WindFallLoader.exe then click the “select MT4 folder” button. Highlightyour broker’s folder from the list: it’ll be named something like “Metatrader - Alpari UK”. Pressok.



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Open the MT4 platform (either from the windows start menu or from the broker's shortcut onyour desktop).



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Attach the WindFall EA to a chart

Forex WindFall runs in both the EURUSD and GBPUSD 30 minute charts. Start by setting upthe EUDUSD chart.

From the MT4 menu click on view / market watch.Right-click on EURUSD (note there may bea slightly different description but these letter will be included) and select chart window.

A new EURUSD chart will be displayed. Right-click on the chart and select periodicity / 30minutes.



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From the MT4 menu click view / navigator. If there is a + sign to the left of Expert Advisors,click that. You should see WindFall in the list. Right-click on WindFall and select "Attach to achart".



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You will see WindFall appear at the top right-hand side of the chart.

Repeat this section to set up the GBPUSD chart.



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Setting up Forex WindFall

When you attach Forex WindFall to a chart you are presented with its properties box. If youclose this box at any time and want to re-open it, click on the WindFall name located in thetop right-hand corner of the chart.

Select the ‘common’ tab and set the options as shown:



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Select the ‘inputs’ tab and set the following:

Validation Code: enter the password that we emailed to you.

AutoCashManagement: set to true if you want the system to use constant risk (also knownas compounding) or false if you want to use a fixed lot size.

Auto_PercentageRiskPerTrade: (Only used if AutoCashManagement is TRUE) Sets themaximum percentage of your account to risk per trade. The recommended level is 2 to 5(percent) but the actual level you use is up to you. Forex WindFall EA will ensure that thereare sufficient funds in your account before placing any trade.

Auto_MaximumLotSize: (Only used if AutoCashManagement is TRUE) Sets the maximumlot size to use. This puts an upper limit on the lot size calculated byAuto_PercentageRiskPerTrade.



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Manual_LotSize: (Only used if AutoCashManagement is FALSE) Set the fixed lot size youwould like to trade. Remember that a one lot trade is equivalent to $10 per pip on theEURUSD and the GBPUSD. If your account currency is GBP and the exchange rate is 1.60then this will be $10/1.60 = £6.25 per pip.

GMToffset: This is the time difference between GMT and your broker. It is used by theprogram to suspend trading when high impact news is expected. The correct value is brokertime minus GMT. To find broker time look in the MT4 platform, click on view / market watch.Broker time is shown at the top of the market watch window. For example,if broker time is 17:23 and GMT is 16:23 then GMToffset = 1if broker time is 17:23 and GMT is 19:23 then GMToffset = -2

Spreadlimit: This is the maximum spread that will be accepted by the system. At times of

high volatility or low liquidity, spread can get very high. Spreadlimit should be set slightlyhigher than the normal spread. 5 pips is default but you can alter this according to the pairand broker you are using.

AdjustTarget: The EA calculates in advance the price at which to trade. AdjustTarget is theworst deviation from the calculated price that the platform will accept. In other words, if thenext trade is long the EA will trade below the calculated price but will not trade any higherthan AdjustTarget above the calculated price. The default value is 1 pip.

Magic_Number: This is an identification number which allows Windfall to recognise its owntrades. Ensure that this number is different from the magic numbers currently being used byother EA's on the same account.



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New to version 2:

TradeComment: Enter your own trade comments. These can be used to label your trades or

confuse your broker and are displayed in the trade summary.

User defined StopLoss and TakeProfit: These let you modify the default SL and TPsettings to experiment with fine tuning the program for your broker/account combination.Enter values in pips, for example, 12 (pips) rather than 0.0012. Setting these to -1 will use thedefault values.

Stops to breakeven with user defined trigger and profit levels.

Stops_to_breakeven must be set to true to use this function. Stops2BE_Trigger sets theprofit (+pips) or loss (-pips) level which triggers this function. Stops2BE_Profit sets the new

profit or loss level for the stop loss. Note that the Stops2BE_Profit must be less thanStops2BE_Trigger.

This feature can be used to protect profits ...

Example 1: Set Stops2BE_Trigger to 10 and Stops2BE_Profit to 5. This lets you partiallyprotect a trade in the case that the full take profit level is not met. You can use the strategytest optimizer to work out the best values for your broker/account combination.

... or aim for higher profits

Example 2: Set TakeProfit to 35, Stops2BE_Trigger to 12 and Stops2BE_Profit to -12. Youcould also run this alongside another trade using only default settings so that each profit on

the default covers the maximum loss after trigger. This lowers the risk while the higher takeprofit target is attempted. Testing this on GBPUSD shows that drawdown is reduced whileprofits are increased.

User defined first and last trades of the week

... allows you to stop trading around weekends. Use -1 for the default settings. Otherwise,enter time using hours and fractions of an hour. (eg. 7.30pm would be 19.5)

StartWeekOnMondayAt lets you set a time to start trading on Monday. This will cut outSunday trading completely. It is useful, for example, if you think a gap may occur which woulddisrupt the trade indicators.

EndWeekOnFridayAt lets you stop trading early on Friday so you won't have an open tradeon your mind for two days.

Other changes in version 2

The program version number is now shown on the chart display.

The spread shown on the chart display is now shown in pips rather than broker units.

Running with default values is the same as using the previous version.



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Registering your MT4 account number(s) with Forex WindFall

You are able to use Forex WindFall on up to three of your MT4 accounts. From our website,click on the "my account" menu button and enter your account number(s) on the right handside of the page.

For each of these accounts your name must be shown as the MT4 account holder.



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Start trading with Forex WindFall

When Forex WindFall has been added to a chart, its properties have been set and youraccount has been registered, you are ready to trade. Make sure that the expert advisorsbutton at the top of the MT4 platform is pressed and a smiley face shows at the top right-handcorner of your chart.

Please note that you will not see the smiley face at weekends or at any other time that yousee 'no connection' displayed at the bottom right-hand side of the MT4 platform. The systemneeds to be receiving price data to work.

If the platform is working correctly you will see trading information displayed on the left handside of the chart. This information will reflect the trading style you have chosen. The top line of

the display will pulse to let you know that Forex WindFall is actively looking for its next trade.



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At the bottom of this display you will see other comments relating to upcoming news events,the state of the market or the latest program upgrades. If you are unable to look at these

comments because you are away from the computer or you are running the system on aVPS, don't worry. They are not critical to the success of the system and do not require you totake action. If you have any comments that you wish to add to this section please forwardthem to us.



Contact details:

For support contact us at: [email protected]

For downloads and help, or to register the MT4 accounts that you will use with Forex Windfallvisit: www.winstock.co.uk/asp/m_sign_in.asp

Forex WindFall at Winstock SoftwareJewry St. Winchester UKSO23 8RZ

Forex WindFall

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