Forex Trading Courses - Forex Mentor- Stocks
Providing Trading excellence and the insight you require.
Aufxpro Trading
Successful Trading
Starts with a Professional Mentor.
Mark Hills
24 Years Trading Experience
In your hands !
Where both Seasoned and Novice Traders Come to take advantage of my Boutique Service and elevate their Trading Success.
Manual Trading - EA Trading - Face to Face - 1 ON 1
This is for MT5
STEP 1:
Open your MT5 Platform.
Go to Tools in the top Menu > Options > Expert Advisors
Tick the boxes as per the image then double click in the box and paste/type in the address below
as per the Image below and Click OK
STEP 2:
Select the Codes from the email, and copy .
Go to the Top Menu , click on Files
From the drop down box select Open Data Folder
From there select MQL5 and open
From there select the Experts folder
When that is open , Right click and paste the EA files in there and close.
STEP 3;
Go to the Top Menu of your platform and select VIEW
Then Select Navigator
Then click the + in front of Experts to open ,
Once open right click and at the very bottom click Refresh Once,
Your Expert Codes should now appear in that list.
PRIOR to going any further you must have licenced the codes
AND received a confirmation email
STEP 4:
On the Top Menu of your platform you will see Algo Trading, now turn that to ON so it is now Green.
If you do not turn it on PRIOR to loading the EA, the EA will NOT work.
PLEASE make sure the time frame matches the time frame written on your code, for example if your Code ends with M30 that is to be loaded onto a 30 Minute chart ONLY, any other time frame will result with in accurate trades being taken.
Click the Chart you wish to load the EA on, then from the Expert List you have just populated
select the EA with a SINGLE Click and while the mouse button is depressed simply Drag the EA across onto your chart .
STEP 5:
Once the EA is on your chart ther MUST be a Blue Icon in the Top Right hand corner, if it is not blue
you have not switched on the Algo Trading button on and you must go back and Turn it on .
The window will come up as below and click Inputs, this then takes you into where you need to set your account values and the Risk per Trade. Also this EA has built in protection for both draw down and also a profit target per week if you want to set that.
STEP 6:
There are 2 inputs for your account balance, i suggest you set Both the same, DO NOT ever set the bottom balance MORE than your true account Balance to start the week or the EA will not take trades.
The reason I use 2 balances, so that draw down and protection is ALWAYS calculated on your TRUE Balance,
The top balance is what you risk works on per trade.
With account protection and weekly Profit , if either the DD or profit target is taken out the EA immediately CLOSES out ALL positions immediately, this is something very few EA developers bother about but is one of the main safety factors you must have .
The weekly profit target can be set either as a percentage of your account or a dollar value, i prefer to leave mine wide enough to move however the back end of the year it may be brought into 5% , or something like that.
The protection is preset to 30% DD this can be brought in if you feel more comfortable. If your platform closes out from profit, next week it will restart again. if it close out due to draw down or maybe you have taken funds out of your account
it will not restart until you adjust values.
