forex accumulator

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Forex Accumulator user guide

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Page 1: Forex Accumulator
Page 2: Forex Accumulator

INSTALLATION

Copy the file ‘’Accumulator.ex4’’ then paste in your Metatrader4/Experts

Folder.

Right click >> Copy

Right click >> Paste

Page 3: Forex Accumulator

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.

Page 4: Forex Accumulator

Make sure that EA trading option/button is active/green by clicking

on it once.

Double click Click

Page 5: Forex Accumulator

CONFIGURATION

A popup window will appear..

Make sure that your EA’s common settings are correct. Specially

‘’Allow Live Trading’’.

Page 6: Forex Accumulator

From the main toolbar, go to: tools >> options >> Expert Advisors

Copy the above settings and then click ‘’OK’’.

Page 7: Forex Accumulator

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.

Page 8: Forex Accumulator

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.

Page 9: Forex Accumulator

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.

Page 10: Forex Accumulator

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

Page 11: Forex Accumulator

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

Page 12: Forex Accumulator

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.

Page 13: Forex Accumulator

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.