How The Bot Works
How To Pause & Restart The Bot
- Pause The Bot
- restart Bot
- Is It Safe
How To Close Out Trades Manually
Capital Growth Calculator
Draw-Down Explained
How to work out your Draw-Down DD.
Take your open trades and divide by your capital then x by 100 to get to a % of open trades to capital invested.
Example
Take your open trades and divide by your capital then x by 100 to get to a % of open trades to capital invested.
Example
Capital = $1000
Open trades = $15
DD = 15 / 1000 x 100
DD = 1.5%
This means that 1.5% of your capital is being used in trading. Or 1.5 % of the $1000 is being used in trading.
This means that 1.5% of your capital is being used in trading. Or 1.5 % of the $1000 is being used in trading.
No more than 1% on a slow day should be utilised during non volatile trading.
If you have more than 2% you have over-leveraged your account and may run in to problems. You run the risk of blowing your account, which means you could lose all your capital. the Bot takes 2-3 days to kick in, so before adding currencies or increasing the lot size wait for 2-3 days then check your DD.
Forex Markets
Sydney Market open at 0:00 GMT +2
This sets the tone for the day on what is going to happen to a currency.
AUD & NZD pairs are affected
Tokyo opens next at 01:00.
JPY & CHN pairs are affected
Frankfurt opens at 08:00
All European currencies are affected here but not in a major way.
09:00 London opens.
This is the 2nd biggest exchange in the world & major movements happen from 09:00
EUR & CHF pairs are affected here.
14:00 New York exchange opens.
USD and EUR are affected here as NY and London are open at the same time until 17:00
Expect massive movements here
http://forex.timezoneconverter.com/?timezone=Africa/Johannesburg&refresh=5
This sets the tone for the day on what is going to happen to a currency.
AUD & NZD pairs are affected
Tokyo opens next at 01:00.
JPY & CHN pairs are affected
Frankfurt opens at 08:00
All European currencies are affected here but not in a major way.
09:00 London opens.
This is the 2nd biggest exchange in the world & major movements happen from 09:00
EUR & CHF pairs are affected here.
14:00 New York exchange opens.
USD and EUR are affected here as NY and London are open at the same time until 17:00
Expect massive movements here
http://forex.timezoneconverter.com/?timezone=Africa/Johannesburg&refresh=5
Leverage
Cent Account Leverage = 1:1000 (Recommended)
Micro Account Leverage = 1:500 (Not recommended)Open & login to FBS
Click on Your account number
Micro Account Leverage = 1:500 (Not recommended)Open & login to FBS
Click on Your account number
Click on "Change Leverage"
Click on the dropdown menu
Click on 1:1000
Click on Save
Lover Leverage
Lot Sizes & Currencies to Trade
This is your bot and you can trade whatever currencies you like.
My engineers recommend you trade these currencies & use these lot sizes shown on the right
You are welcome to try other currencies or add currencies but we recommend you stick to the total lot size recommendation in the calculator above. Warning | Trading other currencies may lead to losing all your capital
The Picture to the right shows you the pip range that currencies move daily.
The more pips movement there is in a day the higher the volatility. The more volatility there is the more profit you will make or could lose!
This is your bot and your capital, so trade carefully and wisely. Some of the pairs where there is lots of pip movement are not recommended by the bot engineers. So start small and check the drawdown. Then you can make a decision. If you leverage too much you WILL blow your capital.
This is your bot and your capital, so trade carefully and wisely. Some of the pairs where there is lots of pip movement are not recommended by the bot engineers. So start small and check the drawdown. Then you can make a decision. If you leverage too much you WILL blow your capital.
GBP/AUD has proven to yield quite good results. But start with a small lot size of 0.1 on Cent account.
Any currency that has more than 150 pips per day movement could be good setups. Also check what pairs move together so you do not over leverage.
The below pics are there to for information purposes only so you can see what currencies move together & which currencies affect other currencies.
Make sure you fully understand the risks involved & are 100% comfortable losing your investment whether you over-leverage or not. Even if you do not over-leverage there is a chance you can lose all your money. This is a bot and it can fail.
Please read the Income disclaimer here.
Make sure you fully understand the risks involved & are 100% comfortable losing your investment whether you over-leverage or not. Even if you do not over-leverage there is a chance you can lose all your money. This is a bot and it can fail.
Please read the Income disclaimer here.
The below pic shows you what pair move together.
Lost Trader & Investor Passwords For MT4
How To Calculate The Value of A PIP
Here is the lot size calculation
Formula is: (close - open) * contract size * volume * convert rate
Here's an example:
EURUSD
close 1.15200
open 1.15000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
USD is quote currency here, so convert rate = 1
(1.15200 - 1.15000) * 100 000 * 1 = 0.00200 * 100 000 = 200 (USD/USD cent). So, profit is 200 * 1 = 200 (USD/or USD cent)
USDJPY
close 113.200
open 113.000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
JPY is quote currency, convert rate = 1/113 (for this example, depends on open price)
(113.200-113.000) * 100 000 * 1 = 0.2 * 100 000 = 20 000 (JPY/or JPY cent)
So, profit is 20 000 / 113 = 176.99 (USD/or USD cent)
Formula is: (close - open) * contract size * volume * convert rate
Here's an example:
EURUSD
close 1.15200
open 1.15000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
USD is quote currency here, so convert rate = 1
(1.15200 - 1.15000) * 100 000 * 1 = 0.00200 * 100 000 = 200 (USD/USD cent). So, profit is 200 * 1 = 200 (USD/or USD cent)
USDJPY
close 113.200
open 113.000
contract_size 100 000
volume 1 lot
account in USD (or USD cents)
JPY is quote currency, convert rate = 1/113 (for this example, depends on open price)
(113.200-113.000) * 100 000 * 1 = 0.2 * 100 000 = 20 000 (JPY/or JPY cent)
So, profit is 20 000 / 113 = 176.99 (USD/or USD cent)
Income Projection
This is just a projection calculation and there are no guarantees or claims of income.
MT4 Phone Setup
Moving Average
MA 5 = Light Blue
MA 10 = Gold
EMA 8 (Exponential Moving Average) = Red
EMA 8 (Exponential Moving Average) = Red
MA 34 = Yellow
MA 50 = Purple
MA 100 = Light Blue
MA 200 = Red
RSI period = 7 & 70, 30
Bollinger Bands = White (Period 20, Deviations 3.0)
Chart Colours
Background = Black
Foreground = White
Grid = black
Bar Up = Light Green
Bar Down = Red
Bull Candle = Light Green
Bear Candle = Red
Line Chart = Light Green
Volumes = Yellow
Bid Price Line = White
Ask Price = Red
Trade Levels = Yellow
Stop Levels = Red
Over Leveraging
Understanding How MT4 On The Phone Works
How To Read Forex Charts Using Moving Average Analysis
- Part 1
- PART 2
- PART 3
- Part 4
Forex Cadle Stick Patterns
- 1. UNDERSTANDING CANDLESTICKS
- 2. The doji
- 3. Doji & Stochatics
- 4. Spinning Top
- 5, LOng legged doji
Resources & Links
Market Open Times
Forex Factory (Download app to mobile)
Currency Graphs
Time Zone Converter
Trader Telegram Library(Free PDF Books)
Members Telegram Group
ROI Calculator
To calculate your ROI take the profit for the day and move the decimal 2 places from right to left
Example
Profit = $1000.00
Move decimal 2 places
Profit = $10
Calculate ROI
Profit / capital X 100 = ROI as %
Capital = $1000
Profit = $10
ROI = 10 / 1000 X100 = 1%
Example
Profit = $1000.00
Move decimal 2 places
Profit = $10
Calculate ROI
Profit / capital X 100 = ROI as %
Capital = $1000
Profit = $10
ROI = 10 / 1000 X100 = 1%
How To Show Currency Pairs In MT4
Internal Transfer In FBS
Statistics MyFXBook
Testimonial Calculator
This is how you calculate your profit per day
Example
Profit = $1000.00
Move decimal 2 places from right to left
Profit = $10
Calculate ROI =
Profit / Capital X 100 = ROI as %
Capital = $1000
Profit = $10
ROI = 10 / 1000 X100 = 1%
How To Withdraw Capital & Profit Out Of FBS
