Lower risk mode
a) Attached the EA at one chart only (EURUSD currency only).This strategy is for capital of USD/SGD/EURO of 1,000
b) Only select EURUSD (TRUE) and other currencies will be at ‘FALSE’ mode. Please choose “Power Profit Trapper” as a trade type.
c) Please change the initial lot, close profit and loss manually according to initial capital because we have selected the manual mode as circle as above. The settings as above for initial capital of USD/SDG /EURO 1,000. For the different initial capital amount the settings will be as follows:
|Initial Capital||USD/SGD/EURO 100|
|Fixed Lot(Only For Initial Lot)||0.03(0.03% from Initial Capital)|
|Close Profit Manually(Currency)||3 (3% from Initial Capital)|
|Close Loss Manually(Currency)||100 (Same as per Initial Capital)|
d) The default and other settings in the EA are based on mini/micro accounts lot. Open a mini trading account (Eurica type) with Instaforex broker which is offer the affiliate trading. If you are intend to trading forex only , please open Instaforex’s swap free account.
e) Test into live account for 3 months with minimal deposit of USD100. When confident with this strategy and then only increase the capital as preferred. Please use Virtual Private Server (VPS) via Remote Desktop Connection . Please don’t use VPS provided by MQL4 due to this EA is not workable with VPS provided by MQL4.
f) If you want test into demo account or strategy tester, please makesure either the demo account is a mini/micro account or standard account. This is because the fixed lot (for initial lot only) for standard account should be change. For deposit of USD/SDG 1,000, the fixed lot (for initial lot only) will be 0.03 (0.003% from initial deposit) for standart account.
EXPECTED PROFIT A YEAR UP TO 100%. TWO WAYS TO TAKE THE PROFIT AS FOLLOWS:
- TAKE PROFIT AFTER ARCHIEVED PROFIT OF 20% OF TRADING. CLOSE THE REMAINING TRADES AND TURN OFF THE EA AND APPLY FOR THE PROFIT WITHDRAWAL. DON’T TURN ON BACK YOUR EA UNTIL PROFIT IS TRANSFERRED FROM TRADING ACCOUNT. AFTER TRANSFERRED ONLY TURN ON BACK THE EA (GUIDELINE HOW TO CLOSE THE TRADES, TURN OF AND TURN ON THE EA AT “POWER PROFIT TRAPPER” AREA).
- RUN THE TRADING FOR 1 YEAR OR WHATEVER YOUR SELECTED PERIOD. CLOSE THE TRADES AND TURN OFF THE EA AND APPLY FOR THE PROFIT WITHDRAWAL. DON’T TURN ON BACK YOUR EA UNTIL PROFIT IS TRANSFERRED FROM IG ACCOUNT. AFTER TRANSFERRED ONLY TURN ON BACK THE EA EA (GUIDELINE HOW TO CLOSE THE TRADES, TURN OF AND TURN ON THE EA AT “POWER PROFIT TRAPPER” AREA).
- THE EXPECTED PROFIT A YEAR IS BASED ON THE PAST PERFORMANCE .PAST PERFORMANCE OF TRADING INVESTMENT IS NOT AN INDICATOR OF FUTURE PERFORMANCE.
HOW TO DO THE STRATEGY TESTER FOR STRATEGY NO.1 WITH IG’s DEMO ACCOUNT
a) The IG’s strategy tester shows how PPT is work compared to Instaforex Demo terminal which is hide the the strategy trading style.
c) Go to the strategy tester and change settings at expert properties. Due to IG’s Demo account is a standard account the following changes have to made for strategy no.1 as follows:
|Initial Capital||USD/SGD 1,000|
|Fixed Lot(Only For Initial Lot)||0.03((0.003% from Initial Capital)|
Other settings remain unchanged as per strategy no. 1 for mini/micro account.