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Steps to attach automated forex trading system (Expert Advisor) to the trading platform
Monday, January 7, 2008

  1. Copy the expert advisors file expertTraderV6.ex4 into
    C:\Program Files\\experts\

    eg:
    for clients having InterbankFx as their broker the directory would be
    C:\Program Files\Interbank FX Trader 4\experts

    for clients having RealTrade as their broker the directory would be
    C:\Program Files\Real Trader 4\experts


  2. Start the MetaTrader application.

  3. Open New Chart from the menu File > New Chart

    new_chart

  4. Select the currency pair that you wish to trade. In case of members using the balanced portfolio the recommendation is to choose non-colerated currency pairs.

    choosing the currency pair

  5. Select Period that you want the chart to display. This period will be used by the expert advisor as well. For clients trading the balanced portfolio, this is the setting that needs to be used to diversfy by timeframe.

    periodicity

  6. Choose EA from Navigator. For clients trading the balanced portfolio, this is the setting that needs to be used to diversfy by trading strategies.

    Attach expert Advisor to chart

  7. Adjust EA properties

    expert advisors properties tab

  8. Check for smiley face on the chart in the top rightmost corner right beside the expert advisor name. Smiley face indicates that you have successfully attached the expert advisors to the chart.


    expert advisor smiley face
  9. Repeat the same steps to trade multiple EAs.
    Select a new chart from the File > New Chart menu
    Select the currency pair.
    Select the periodicity.
    Attach the new EA to the new Chart.

    attach multiple expert advisors to multiple charts

  10. Select the expert advisors properties. You can choose to trade in a particular direction if you are bullish or bearish outlook in that direction.

    This is useful if you have a bullish outlook on EURUSD but have a bearish outlook for AUDUSD. Using these options give the flexibility to customize the trading direction.

    choosing direction of the trade

  11. Select the expert advisors inputs.
    Set the max lot Size - this is the max lot size you want to trade on any given trade.
    Select the appropriate trading strategies based on your outlook for that particular currency. Multiple trading strategies can be selected to trade concurrently.

    trading multiple expert advisors on multiple currency pairs
    trading multiple expert advisors on multiple currency pairs
  12. Verify that all the charts have the expert advisors displayed with a simley face in the top rightmost corner right beside the expert advisor name. Smiley face indicates that you have successfully attached the expert advisors to the chart.

    trading multiple expert advisors on multiple currency pairs
  13. Congratulations ! you have successfully been able to start trading your automated trading system.

  14. You can now periodically monitor the account history to see the trades that have been completed.

    monitor account history

SOURCE: trading forex system

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posted by Storm @ 1/07/2008 02:02:00 AM  
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