PipCollector v.

02
USER MANUAL
This EA and this manual are protected under international copyright law and may not be
duplicated, reproduced or re-sold. Violators will be prosecuted.
IMPORTANT NOTES

This EA is yours forever to use on your own Forex account. When you open a free
demo account with a broker that supports MT4, the broker may limit your free demo to
30 days. That does not mean that your EA is gone after 30 days! You still have your EA
in your Expert folder and it will still work on any other MetaTrader 4 demo or live
account. You can open countless demo accounts. As many as you need and you can
give them as much play money as you want. Your Expert Advisor will work on all of
them. And when you are ready to go live it will work just as well.

You are not authorized to resell this program.

This EA has been designed to trade all pairs but it has been successfully tested only on
the GBP/USD H1 charts.

Please be patient with the EA, once you have it running, minimize MT4 and don’t stare
at it. Let it run 24x7 for several days or weeks. There may be some losing trades, no
system is perfect. There will be periods of time that no trades will be opened as
positions will only be opened when certain conditions are met. There may be other
times when you see opened trades losing money. Do not despair, allow the EA to do its
work. There is a stop loss in place for every position opened so that you never lose too
much in the event that the market moves against you.

NOTE: YOU MUST RUN THIS AUTOMATED TRADING SYSTEM ON A DEMO

ACCOUNT SEVERAL WEEKS BEFORE YOU RUN IT ON A LIVE ACCOUNT WITH
REAL MONEY!!!
 How to get started:

1. If you don’t already have MetaTrader 4 client terminal software installed on

your computer then you must download and install MetaTrader 4 client
terminal. This is a free download here: http://www.metaquotes.net/downloads/
Or you can download it free directly from one of the reputable brokers listed at
the end of this document.

2. Upon installation, MetaTrader 4 will automatically guide you to open a demo

trading account when you run the software for the first time. Go ahead and open
yourself a demo account. Give yourself at least 50,000 of “toy money”.

3. Close MetaTrader 4 software, open the folder "C:\Program Files\MetaTrader

4\experts" and place the PipCollector02EX4 Expert Advisor in that folder.

4. When you start MetaTrader 4 once again, on the left menu under “Expert
Advisors” you will see the PipCollector02 EA available.

5. Create a new chart: GBP/USD in H1 mode.

6. To activate the EA simply right click on PipCollector02 icon on the left menu
and select “attach to chart” from the pop up menu. Be aware that if you have
multiple charts open the EA will attach itself to the selected chart. Alternatively,
you can just drag the EA’s icon from the navigator window on the left right onto
the chart that you would like it on. This will have the same effect.

7. You will see a pop up box with 2 tabs. “Common” and “Inputs”. Make sure you
click to “Allow Live Trading” under the Common tab.

8. On the “Inputs” tab, there are 4 user definable variables. StopLoss, TrailingStop
and Lots. They have the default settings that have produced the best results to
date in the lab.

9. You can leave them at their default values for testing so you see how things
work. When it comes to real money the only thing you really need to change is
the lot size. Specially if you are trading mini or micro lots.

A - LotSize - Adjust to a smaller value when moving onto real money. (0.1
or 0.01 recommended).

B - StopLoss - This is the maximum number of pips you are willing to lose
in the even that a trade goes in the wrong direction. See the READ ME file
included for the latest recommended settings.

C - TrailingStop - Sets the amount of pips behind the price that the stop
loss will be adjusted to in the event that the trade goes in your favor by
that many pips. So if you set it to 15 when you open a trade and the price
moves 16 pips in your favor, the trailing stop will adjust the stop loss
threshold to break even level. From there on the trailing stop follows the
 price by 15 pips behind as long as it is moving in your favor and holds its
position when the currency price starts moving against you at which point
the price will hit the trailing stop ion its way back and your profits are now
locked in. Money management is the key to success!

10. Click OK after you are satisfied with your settings and the Expert Advisor is now
active on the chart you placed it on. You will know that it is active because you
will see a small smiling face at the top right hand corner of the chart. That is
it, if you get the smiling face you are up and running. From there on it is an
automatic process.

11. To forward test your new EA simply run it on a demo account. Give yourself at
least 50,000 of “toy money” to test with.

Important note about user adjustable settings

This is where the end user has an opportunity to adjust their money management
approach. This software does its job but you have to know how to configure it. What that
means is that you have to be the wiser to market conditions and do your own money
management periodically. How you do this? By entering the three external variables
before you start the Expert Advisor and during its operation as necessary. The stop
loss, the trailing stop and the lot size.

These are the factors that will determine the performance of the Expert Advisor! The
wrong values in these fields will cause the EA to perform poorly. If you are tuned in with
the currency market and you know how to do your own money management then you
can make money with this software tool. I have tested the same EA on the same
currency with the same broker and same time period (2 different installs of MT4) and
the only difference was the stop loss and the trailing stop. One lost money and the
other one made money! That is how important these money management settings are.
To set them right, the software relies on you, the human, to know what is going on in the
market at that time and configure the right values into the program.

Brokers

Here are some reputable brokers that use the MetaTrader 4 platform. You can get one
from each of them and install them all in separate directories to have MT4 platforms for
various brokers on one computer at the same time. You can even run them all side by
side.

FXDD (USA)- http://www.fxdd.com/index.html

Alpari (UK) - http://www.alpari-idc.com
MIG Investments (Switzerland) - http://www.migfx.ch
FIBO Group - http://www.fibogroup.com
I highly encourage you to also test the EA on various different
broker’s demo accounts side by side at the same time!
Different brokers use different data feeds and the EA will perform slightly different from
one to the next. Watching multiple brokers trade the same EA at the same time, on the
same pair, on the same chart time frame and in real time gives you some very
interesting perspective and insight into how the markets work!

Installing multiple instances of MT4 on one computer

You can install multiple instances of MetaTrader 4 in your computer by simply changing
the install folder they are loaded on to at the time of installation. For example. The
generic MetaTrader 4 loads onto C:\Program Files\MetaTrader 4. The FXDD and IBFX
both install in their own directories by default that includes their broker names. This is
helpful to keep track of each broker’s platform. If you use any other MT4 from another
broker, make sure the install directory does not conflict with any existing installation of
MT4 and you will be able to run them all at the same time. Contact me if you need help
installing multiple instances of MT4 on your computer.

THE RISK OF LOSS IN TRADING FOREIGN EXCHANGE (FOREX) CAN BE SUBSTANTIAL. YOU SHOULD
THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR
FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FOREX
TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE
LOSSES AS WELL AS GAINS. Forex trading offers large potential rewards, but also large potential risk. You must be
aware of the risks and be willing to accept them in order to invest in the Forex market. Don' t trade with money you
can't afford to lose. No single system is perfect. By using our expert advisors or any other Halcyon Forex system you
agree to hold Halcyon Forex and anyone involved in the development, production and distribution of any expert
advisor program purchased though Halcyon Forex free of any responsibility or liability for any losses sustained while
trading with live funds. Any live trading that you do, be it manual or automated, you are doing so at your own risk and
discretion. Forex is a very risky and unpredictable business. You can lose large sums of money by taking the risk of
trading in the live market. Halcyon Forex shall not be held responsible for any losses that you might incur during any
trades. This is neither a solicitation nor an offer to Buy/Sell currencies, futures, stocks or options on the same. No
representation is being made that any account will or is likely to achieve profits or losses similar to those discussed
verbally or written on any literature by Halcyon Forex. The past performance of any trading system or methodology is
not necessarily indicative of future results. No guarantee is made that you will be able to replicate the same results.