User Guide. for the. EA Controller

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User Guide for the EA Controller Version 03.

1 User Guide for the EA Controller Version Edition 7 May 2017 Copyright DIY Forex Skills P a g e

2 Risk Disclosure Statement and Disclaimer Agreement This User Guide for the EA Controller ( User Guide ) is for installation and associated illustrative purposes only and should not be construed as investment advice or strategy. The sole purpose of this Guide is to assist in the installation and use of the EA Controller and associated software. The material neither purports to be, nor is intended to be advice to invest or to trade foreign exchange or to use any particular trading technique. Readers should not act on the basis of any material presented here without properly considering their individual circumstances. The author is not a licensed investment advisor. By downloading this User Guide you acknowledge that all content is of a general nature based solely on technical interpretation and does not take into account your individual investment objectives or financial circumstances. It is important to realise that trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Trading any financial market involves risk. The contents of this User Guide are for general information purposes only (contents shall also mean the websites, and any correspondence or posts associated with this product). Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples and SET files are provided for illustrative and educational purposes only and are not intended as financial advice. No representation is being made that any account or trader will, or is likely to, achieve profits or losses similar to those discussed in this User Guide. Any statements about profits or income, expressed or implied, do not constitute a guarantee. Your actual trading may result in losses as no trading system is guaranteed. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on such information or software. Past performance is not indicative of future results. By subscribing to our mailing list or using the product, software, website or the contents of the website you will be deemed to have accepted these terms in full. DIY ForexSkills, its website content, ebooks, and representatives do not and cannot give investment advice or invite customers or readers to engage in investments through this User Guide. The information provided in this User Guide is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. All potential forex traders should take into account the legal requirements and restrictions of trading forex in their particular region and should obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision. The author expressly disclaims all and any liability to any person, with respect to anything, and of the consequences of anything, done or omitted to be done by any such person in reliance upon the whole or any part of the contents of this User Guide, Product, software files or the website. Copyright All rights reserved. DIY ForexSkills is a trading name of Tresik Pty Ltd ACN P a g e

3 Table of Contents Page 1. Understanding the use of the EA Controller.4 2. Preliminary Actions Using the EA Controller for the FX Autotrader Elite EA.5 4. Using the EA Controller for any EA by using the Trade Copier.7 5. EA Controller Settings 9 6. FX Blue Trade Copier (v7.10) Settings Need Help?...14 Please note. The FX EA Controller is provided entirely at the user s own risk and you should check it thoroughly before using it to trade with real money on a live account. Tresik Pty Ltd trading as DIY ForexSkills or any of its affiliates accepts no responsibility whatsoever for any loss of any kind caused by installation or use of the software. You take full responsibility for your actions, trades, profits and losses. Always test forex software products on demo first 3 P a g e

1. Understanding the use of the EA Controller The EA Controller is an Indicator which monitors the performance of an EA running on one account (Demo or a Real/Live account) and uses the performance

4 1. Understanding the use of the EA Controller The EA Controller is an Indicator which monitors the performance of an EA running on one account (Demo or a Real/Live account) and uses the performance data of the EA running on that account to control the trading of a copy of that same EA running on another account (Demo or Real/Live). For simplicity we can call the first account the Controller, and the second one the Slave account. Similarly all EAs running on the Controller account are called Controller EAs and all EAs running on the Slave account are called Slave EAs. When the Closed Profit of the Controller EA, running on the Controller account, is above the Moving Average (MA) of Closed Profit (user-defined period and type of MA), the Indicator sends a YES signal to the Slave EA, running on the Slave account, allowing that EA to trade. When the Closed Profit of the Controller EA falls below its MA, indicating that the market is no longer favourable for that EA, the Indicator sends a NO signal to the Slave EA thus stopping that EA from trading until it receives a new YES signal. The EA Controller has two modes of operation: 1. A Signal mode for use with Exceptional EAs and SET files made with the FX Autotrader Elite EA; and/or 2. A Copier mode, for use in conjunction with the FX Blue Personal Trade Copier, for any other third party EA The overall setup for the Signal mode is shown below. And for the Copier mode as shown below. We use this mode when running with third party EAs which do not have the facility to receive signals from the EA Controller. In this case we run our third party EA on the demo or Controller account and add the FX Blue Trade Copier Sender to an empty chart on that account; and load a copy of the FX Blue Trade Copier Receiver onto an empty chart on the Live account. The EA Controller will then signal the Trade Copier Sender as to when and when not trades should be copied to the Live (Slave) account. 4 P a g e

2. Preliminary Actions The use of the EA Controller requires that you open two copies of the MT4 platform on your computer or VPS. Now follow these steps. 1.

5 2. Preliminary Actions The use of the EA Controller requires that you open two copies of the MT4 platform on your computer or VPS. Now follow these steps. 1. Copy the EA Controller Indicator onto the MT4 Indicators folder (File Open Data Folder MQL4 Indicators) of The Controller MT4 platform 2. Download the FX Blue Personal Trade Copier (v7.10 or later) from here and install it on both MT4 platforms. This process will install the Sender and Receiver EAs on both platforms as well as the FXBlueQuickChannel.dll (this DLL file is required for both the Signal and Copier modes of operation) 3. Open up or download the User Guide for the FX Blue Trade Copier. You will need this to select the settings for the Copier and the Receiver 3. Using the EA Controller for Exceptional EAs and the FX Autotrader Elite EA 1. On your computer or your VPS, set up two copies of the MT4 platform 2. Let us think of the first MT4 Platform as the Controller MT4 platform. On this MT4 platform open a Demo account with a large opening balance and ask your broker to make this account indefinite/non-expiring (because the EAs on this account will need to be left to run indefinitely sometimes through long drawdowns) Note: Usually the indefinite/non-expiring demo accounts are only possible if the trader already has a Real/Live funded account with that broker. If not, demo accounts are usually closed by the broker after one month. Alternatively, if you have sufficient funds and you want your Controller platform to operate exactly as your Slave platform in terms of spread and slippage etc, then open a Real/Live account for this Controller MT4 platform and trade the EAs on this platform with micro lots (0.01 lots) so that you don t lose too much money. You will 5 P a g e

then need to trade the EAs on your Slave platform with say mini lots (0.1 lots) in order to make enough profit to offset the loss on your Controller account. 3.

Place a copy of the Exceptional EA or FX Autotrader Elite (FXAE) on the chart and timeframe to be traded and, in the case of FXAE, load the FXAE SET file. Do the same on both MT4 platforms. a. However, make sure that you leave the ID# blank on the copy of the EA that you have placed on the Controller MT4 platform.

6 then need to trade the EAs on your Slave platform with say mini lots (0.1 lots) in order to make enough profit to offset the loss on your Controller account. 3. Think of the second MT4 platform as the Slave MT4 Platform. Open or start your live account (or a demo if you want to just test this system) on this Slave MT4 platform. 4. Place a copy of the Exceptional EA or FX Autotrader Elite (FXAE) on the chart and timeframe to be traded and, in the case of FXAE, load the FXAE SET file. Do the same on both MT4 platforms. a. However, make sure that you leave the ID# blank on the copy of the EA that you have placed on the Controller MT4 platform. 5. Place the EA Controller indicator on the same chart as the EA on the Controller MT4 platform and enter the User Inputs. a. For the Indicator mode select Signal. b. For the ID# input use a unique number I suggest using the magic number of the Initial trade for that SET file preceded by Signal. Eg Signal Now enter that same ID# in the Input field of the EA on the Slave MT4 platform. So now we have made the connection between the EA Controller on the Controller MT4 platform and the EA on the Slave MT4 platform. Remember, do NOT enter the ID# on the EA on the Controller MT4 platform leave that blank. We do NOT want the EA Controller to control the operation of the EA on the Controller MT4 platform. 6 P a g e

7. Ensure that Allow DLL imports and Allow external experts imports are ticked on the Common tab of both the EA Controller indicator on the Controller MT4 platform and the EA on the Slave MT4

7 7. Ensure that Allow DLL imports and Allow external experts imports are ticked on the Common tab of both the EA Controller indicator on the Controller MT4 platform and the EA on the Slave MT4 platform and that Allow live trading is ticked on the Common tab of both EAs. 8. Ensure that AutoTrading is activated on both MT4 platforms. 4. Using the EA Controller for third party EAs by using the Trade Copier 1. Follow Steps 1 to 3 from the previous section 2. Place a copy of the EA you want to use on the chart and timeframe on the Controller MT4 platform. 3. Place the EA Controller indicator on the same chart which has the EA you have loaded on the Controller MT4 platform and enter the User Inputs. a. For the Indicator mode select Copier b. For the ID# input use a unique number I suggest using the characters TC followed by the magic number of the EA being traded, eg TC Place the FX blue Trade Copier (v7.10) Sender on the Controller MT4 Platform (any chart) and enter the ID# you used on the EA Controller (eg TC654321) as the Channel input. 7 P a g e

5. Place the FX Blue Trade Copier (v7.10) Receiver on the Slave MT4 Platform (any chart) and enter the ID# you used on the EA Controller (eg TC654321) as the Channel input.

with the Trade Copier Receiver on the Slave MT4 platform. 6.

8 5. Place the FX Blue Trade Copier (v7.10) Receiver on the Slave MT4 Platform (any chart) and enter the ID# you used on the EA Controller (eg TC654321) as the Channel input. So now the EA Controller on the Controller MT4 platform can connect with the Trade Copier Sender on that same platform and the Trade Copier Sender (on the Controller MT4 platform) can communicate with the Trade Copier Receiver on the Slave MT4 platform. 6. Ensure that Allow DLL imports and Allow external experts imports are ticked on the Common tab of the EA Controller, the EA and the Trade Copier Sender all on the Controller MT4 platform and also ticked on the Trade Copier Receiver on the Slave MT4 platform and that Allow live trading is ticked on the Common tab of the EA and on the Trade Copiers (Sender and Receiver). 7. Ensure that AutoTrading is activated on both MT4 platforms. 8 P a g e

5. EA Controller Settings The EA Controller is an Indicator with the following Input fields Indicator Mode select Signal or Copier as described above.

9 5. EA Controller Settings The EA Controller is an Indicator with the following Input fields Indicator Mode select Signal or Copier as described above. address enter the address you used when purchasing this Indicator ID# - as described above in Section 4 Magic Numbers most EAs only have one, so enter that and enter a 1 for the others (leaving it blank or entering a 0 will result in all manual trades for that currency being included). Some EAs have more than one internal strategy and hence more than one magic number. A maximum of 10 magic numbers for any one EA can be entered. Trade at Start select True if you want the EA on Slave MT4 platform account to start trading immediately, or in case of Copier mode, if you want copying to start immediately; select False if you want to wait until a Moving Average (MA) has been calculated (requires at least three trades) to see whether the EA is profitable under current market conditions (ie Closed Profit is above MA of Closed Profit). Since a MA of 30 is considered a reasonable first choice, whether you set Trade at Start to True or False depends on your risk tolerance. (MA) Average Period Period here actually refers to the number of closed trades to be calculated for the MA and so the graph that will appear in the Indicator Window is not connected in any way to the time period bars of the main chart. In other words the graph is a plot of Closed Profit/Loss on the vertical axis vs number of trades on the horizontal axis; and then the MA of that line. This is a crucial setting. Too low a setting will result in a worse performance. Suggest you start off with a smallish number, say 30, and then later increase that to say 60 or higher so as to avoid whipsawing from YES to NO. Balance or equity curves need room to breathe just like price does when we are trading with MAs. See also Moving-Average-Selection-for-EA-Controller-1.pdf (MA) Shift default is zero. But you can alter to say 10 if you want to give your performance curve more room to breathe as it were. (MA) Type select from drop-down menu SMA, EMA, SMMA or LWMA. You can change from one to the other at any time to best suit the nature of your performance graph. Eg if your performance graph is choppy but heading north you might choose SMMA so that the copying or trading does not stop and start. Below is an example of the EA Controller Indicator window on a EURUSD.pro chart. The MA line is straight since only 3 trades have been completed and the MA Period is set to 5. So it will need at least 5 closed trades to enable the MA to be calculated. 9 P a g e

10 6. FX Blue Trade Copier (v7.10) Settings The FX Blue Personal Trade Copier is a very versatile instrument and operates like an EA. It communicates between two MT4 platforms (Sender to Receiver) via the FXBlueQuickChannel.dll and hence it is crucial that this DLL file is loaded on both MT4 platforms. Both the Sender and the Receiver have a range of features that can be used in the trade copying. Some are optional and can be used on default settings but others like lot size must be set by the user. Hence, please familiarise yourself with these options and make your own selection for the Input settings by referring to the FX Blue Personal Trade Copier User Guide which can be accessed from here. BUT please ignore the comments in Sections 2.2, 2.3 and 2.4 suggesting that you only need to run one copy of the Sender and Receiver when running EAs on several currency pairs. That advice only applies to when you are using the Copier in its normal mode, without the EA Controller. When using the FX Blue Trade Copier with the EA Controller system of trading, you MUST have a dedicated Sender and Receiver for each currency pair. If you don t, then when an EA on one currency pair switches the Copier on or off, the Copier will be switched on or off for all currency pairs. With the EA Controller we are making use of the new feature of the Trade Copier as described in Section 3.13, reproduced below Controlling the Copier using MT4 Global Variables You can block the Copier from placing new trades using a Global Variable in MT4 (press F3, or choose Tools / Global Variables). You can use this either as a way of controlling the Copier manually, by creating and removing the Global Variable yourself, or you can have an automated system which uses the Global Variable to turn the copying on and off based on something such as account equity or performance. (This is what the EA Controller has been created to do). The Copier is controlled by a Global Variable called Suspend-X, where X is the channel name. For example: Suspend-MySender. If a variable exists with this name, regardless of its value (zero/non-zero) then the Copier will ignore new trades. The Sender EA will not issue a message to the Receiver EA. FX Blue Trade Copier Sender Inputs 10 P a g e

11 11 P a g e

12 FX Blue Trade Copier Receiver Inputs 12 P a g e

13 FX Blue Trade Copier Receiver Inputs (cont) 13 P a g e

14 7. Need Help? If you need help with setting up this system, please contact me. If necessary, we can arrange a Skype session to help you get started. Andrew Peters Info@diyforexskills.com Please note. The FX EA Controller is provided entirely at the user s own risk and you should check it thoroughly before using it to trade with real money on a live account. Tresik Pty Ltd trading as DIY ForexSkills or any of its affiliates accepts no responsibility whatsoever for any loss of any kind caused by installation or use of the software. You take full responsibility for your actions, trades, profits and losses. Always test forex software products on demo first 14 P a g e

USER GUIDE

USER GUIDE http://www.rapidtrendgainer.com DISCLAIMER Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this software and this book s content. The author