Forex Growth Bot Manual

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Andrea Franklin
6 years ago
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1 Forex Growth Bot Manual Important Point: Forex Growth Bot is designed for EURUSD on the M15 timeframe. It can be used on other timeframes and pairs, but others have not been thoroughly tested, thus use discretion. It is recommended to use only EURUSD and M15. If you restart MT4 while a trade is open, Forex Growth Bot may lose control over that trade once you re-open it back up, thus it may be ideal to close or monitor any open trades if this occurs. Installation Instructions: Before installing Forex Growth Bot you need to: 1) Sign up with a broker 2) Install Meta Trader 4 Platform First you must sign up with a broker in order to use Forex Growth Bot. We highly recommend the following brokers that we have found to work best with our software. Once you have signed up with a broker you must download Meta Trader 4:

2 Follow the Meta trader installer instructions to install the software. Once complete you will need to run the Forex Growth Bot Installer. Click the installer icon from the location where you saved Forex Growth Bot. Click Next, then Next, until you reach Finished.

5 After you click Install a setup file will appear as follows:

6 Click Metatrader Instances and choose the version of Meta Trader you would like to install to:

7 Then click Go.

8 Next, click Yes. Now you have installed Forex Growth Bot. Setup Instructions: Once you have installed Forex Growth Bot, please follow these simple instructions, then you will be good to go. Now Open Meta Trader.

9 Click Tools, then Click Options. The following screen will pop up, please click the Expert Advisors tab on top. Then make sure your check marks match the following, then click OK. On the left screen you will see the following. Click The + next to Expert Advisors.

10 You will then see Forex Growth Bot on the left. Next the EURUSD chart is shown. If you do not have it up, click File, then New Chart, then EURUSD. Next click on that chart, and click M15 on the top bar.

Next, drag the Forex Growth Bot name onto the EURUSD chart and a window will pop up as such: Make sure you have the same settings as shown above, then click Inputs to change the settings of the robot

11 Next, drag the Forex Growth Bot name onto the EURUSD chart and a window will pop up as such: Make sure you have the same settings as shown above, then click Inputs to change the settings of the robot itself. Under input, generally we recommend default settings, but you must adjust Lot Size in according with the follow terms: $250 or below:.01 Lots $500 or above:.02 Lots $2,500 or above:.1 Lots These are conservative lot sizes that keep your money managed properly with the lowest possible risk. Next click OK.

12 You are all setup! Just make sure the Expert Advisors button is green as shown below: Also, make sure you have a happy face as shown below: On the bottom of your screen you can check Journal tab and expert tabs for errors. If any ever arise feel free us and we will help resolve any issues. Forex Growth Bot Settings: Forex Growth Bot parameters Please note: depending on your version you may have access to certain settings here are the settings defined. Lot Size (Default is 0.1) Forex Growth Bot will use this as the Lot size for each trade. Note that Forex Growth Bot can start as many as 3-5 trades at a time. Fast Volatility Base (Default is 5) period in bars for Fast Volatility type value.

13 Slow Volatility Base (Default is 60) - period in bars for Slow Volatility type value. Volatility Factor (Default is 2.0) Fast Volatility Base to Slow Volatility Base ratio. When it is more than zero system entry to long position and if it s less than zero system entry to short position. System entry to position in case Abs(FastVolatilityBase/ SlowVolatilityBase)> VolatilityFactor ProfitTarget (Default is 0.5 or 50% from Profit Loss Volatility Base) Value of the profit target for each trade. StopLoss (Default is 0.2 or 20% from Profit Loss Volatility Base) Value of the Stop Loss for each trade. ProfitLossVolatilityBase (Default is 50) period in bars for calculation profit target & stop loss vase. EA calculates High and Low for ProfitLossVolatilityBase bars and then use it as base for Profit Target & Stop Loss. UseWaveTrailing (Default is false). It s easy if UseWaveTrailing false EA will not use Wave Trailing and if true it ll trail each trade by Wave Trailing rule. WaveTrailing (Default is "40-80;40-80;40-80;40") string define the Wave Trailing rule. This is semicolon separated string with Wave ranges. Default Wave Trailing rule defines three 40-80% wave and last 40% trailing. ReInvestCapital (Default is false). This feature for testing purposes mostly. In case enable it EA will add one invest base position for each $4500 profit it ll increase LotSize to 0.1 value.

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