forex accumulator
DESCRIPTION
Forex Accumulator user guideTRANSCRIPT
INSTALLATION
Copy the file ‘’Accumulator.ex4’’ then paste in your Metatrader4/Experts
Folder.
Right click >> Copy
Right click >> Paste
Restart Metatrader4 Platform and open EUR/USD 5M Chart.
Click the Navigator Button in your Metatrader4 Toolbar, then click
on ‘’Expert Advisors’’ in the list that will appear in the left side of
your screen.
Double click on ‘’Accumulator’’ EA icon.
Make sure that EA trading option/button is active/green by clicking
on it once.
Double click Click
CONFIGURATION
A popup window will appear..
Make sure that your EA’s common settings are correct. Specially
‘’Allow Live Trading’’.
From the main toolbar, go to: tools >> options >> Expert Advisors
Copy the above settings and then click ‘’OK’’.
EA SETTINGS
Accumulator EA comes with 9 inputs to adjust according to your
trading plan.
Take Profit -------------------------- Profit in pips ( Default 10 pips )
Lots ------------------------------- Lot size per order ( Default is 1.0 )
Stoploss ----------------- Stop loss level in pips ( Default is 30 pips )
TrailingStop ---- Trailing Stop loss Level in pips ( Default is 0 pips )
MaxLoss -------------- Maximum Loss allowed in pips ( Default is 0 )
TurboMode ------- Increasing lot size, starting from the choosen lot
size per order ( True = On / False = Off ) Default is On
Risk Percent ---- % number of your account that you are willing to
risk for each trade ( Default is 30 )
Start Hour ----- Start EA working Hour / End Hour ---- End EA
working hour.
IMPORTANT
The Accumulator EA was designed to work from 18:00 to 24:00 (
FXDD server time ) or from 16 to 22 GMT. Please change the
start/end working hours according to your broker’s server time.
You can know your broker’s server time from the market watch
screen.
RUNNING THE EA
After installing and running the Accumulator EA, you should see a
smiley face at the right side of your chart with the name
‘’Accumulator’’ next to it.
That means everything is fine and the EA was installed successfully
and working on your metatrader4 platform.
All that you need to do is to run the EA at the working hours every
day. There is no need to host your MT4 on VPS 24/5.
Please remember to adjust your money management settings – lot
size and/or turbo mode and/or risk% – according to your trading
plan.
Never risk more than 5% of your total invested capital. Using more
than 5% is high risk and Not recommended for beginners.
If you want to use a fixed lot size number without increasing it when
you gain profits, simply turn the Turbomode off/False.
The recommended pairs for this EA are EUR/USD, GBP/USD,
USD/JPY and USD/CHF. the best time frame to use is 1M time
frame.
The EA was tested with FXDD ‘’broker company’’ if you don’t know
or not sure of the results you may have with a broker, then use it
with FXDD.
If you are using any other broker, make sure that EUR/USD spread
is not more than 3 pips and don’t forget to change the working
hours according to the market watch.
For any help or questions about the EA, please contact us anytime.
Allow 24 hours for us to reply.
Thank you,
Paul Liburd
FAQ
I can’t see the exe file to install the Accumulator software,
there is only an ex4 file?
The ex4 file is the correct file. Just copy/paste that file
‘’AccumulatorII.ex4’’ into matatrader4/experts folder . then restart
metatrader.
What time frame/currency pair is best to use with the
Accumulator EA?
The recommended pairs for this EA are EUR/USD, GBP/USD,
USD/JPY and USD/CHF. the best time frame to use is 5M time
frame.
Why do I get different backtest results than the one shown
in your website?
There are many factors that could cause this, please test on FXDD
MT4 and with the same currency pair – EUR/USD – and the same
time frame – 5M – then make sure that you are using the default
settings with the right starting capital of $10,000.
Why the screen shot of EA settings in the manual shows
different settings than the default – written – settings that
you recommend?!
The EA can be used with many different settings. The recommended
settings – default – are the ones used to get the advertised results.
so there are no – right/wrong – settings. You are free to use the
defaults or test the EA with different numbers.
Does it use Hedge?
No
The new NFA rules doesn’t allow limit orders or stop loss,
does your EA works with the new rules without a
problem?
The EA doesn’t use hedge or limit orders, but as you can see from
the settings input window it uses stoploss and targets. So the best
thing to do to avoid this is by using the EA with a different broker.
Like FXDD.
I have $500 to trade with, is this good enough or do I need
to start with big accounts like $5000 or $10000?
With a broker that allows mini and micro accounts, you can start by
any capital. Even $100. But .. you must change the EA risk settings
to work with small account. Specially the lot size and risk%. For
example : change the the lot size from 1 to 0.01 and risk% from 40
to 3 or 5.
I have done everything said in the manual, but the EA is
not working, what’s wrong?!
First, make sure that your broker allows using auto trading
software. Second, make sure that your metatrader4 platform allows
auto trading. If after following the steps in this manual you can’t get
the EA to work then you should contact your broker’s support or
Metatrader4 support or read Metatrader’s manuals or help section.
I don’t know how to use an EA, I can’t make it work ?!
There are many websites that you can review to learn how to use
EAs. They are all free online and the editors provide simple and
easy steps to follow and It would only take few minutes of your
time. If there is anything you couldn’t understand, please contact us
and we will do everything we can to help.
I don’t understand the build in money management
system, how does it work, is it safe to use?
The EA uses special money management system that would help to
get the best results and keeps your invested capital safe.
If you don’t feel comfortable with it, just turn it off by changing the
setting from True to False.
I got your EA two days ago and it made 3 losses and 1
winning trade out of 4 trades. Is this normal, why is it
losing money?
If it didn’t lose money then it wouldn’t make any money either.
Losing is part of the game, if you can’t understand it or doesn’t
accept it .. then you better not to trade at all.
And .. You only used the EA for ‘’2 days’’ and that’s not enough
time to judge the performance. Not even 1 or 2 weeks is enough
time, to test any system you should do so for at least 1 or 2 months.
It’s highly recommended to NEVER use a trading system – auto or
manual – on live accounts before testing them on demo first.
Again .. It’s highly recommended to NEVER use a trading system –
auto or manual – on live accounts before testing them on demo
first.
For many reasons. Examples: maybe the sellers are scammers and
the EA or manual system is junk – maybe you don’t understand
how it works yet and need time to understand it and feel
comfortable with it – maybe you are using the wrong broker –
maybe you forgot to adjust one single setting that could totally
reverse the performance!
Trading is not a video game. And it’s not gambling. Your first goal is
to keep your money safe before thinking about making any more
money. And you have many ways to test the system you are using,
the best are demo trading and backtest.