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Pips Multiplier User's Guide: U.S. Government Required Disclaimer
Pips Multiplier User's Guide: U.S. Government Required Disclaimer
COMPENSATED FOR THE IMPACT OF ANY OF THE CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Installation
1. Exit your MetaTrader terminal if it is running. 2. Start PipsMultiplier.exe program (Installer) by double click on it
3. You will get Welcome window, click next 4. Then you need to choose Install Location. Please specify location of your MT4 platform. [Drive/Program Files/Meta Trader Folder/] If you dont know where your MT4 is located, click on the MT4 shortcut on the desktop and choose properties. You will get location of your MT4. Example: C:\Program Files\MetaTrader - Alpari UK 5. Click Finish and youre done.
How to use
1. Start your MetaTrader terminal. (You have to run MT4 as administrator. Click the MT4 icon and choose Run as administrator)
2. Open any chart. 3. On the left side, you will see a window called "Navigator". In this window, double click "Expert Advisors" to expand it. Locate "PipsMultiplier_Client" in the list and click it twice. The following window will come up. Change all settings to the values you see on this image.
4. Click the "Inputs" tab in this window. The window will look like this: 5.
Here you need to fill your unique license for Pips Multiplier
6. Click Tools >> Options >> Click Expert Advisors tab >> Change all settings to the values you see on this image.
7. Press OK. If all files are copied and all options are set correctly, you will see chart with smile icon.
When you start PipsMultiplier EA copier and you get a dialog box with notification that a new version of EA is available, please click OK button, and it will be updated automatically. Then please restart MT4.
You have to attach this EA to one chart only! It absolutely does not matter which chart and/or timeframe you attach it to, it will work with ALL currency pairs in any case, what you need is to have currency pair in Market Watch window of your MT4. We recommend you to choose all symbols in your MT4 platform. For this click Market Watch window and choose Show All.
The EA does not have to be attached to the chart of every currency pair you want to trade with. So remember, attach the EA to one chart only, otherwise you'll experience problems with the EA.
If you have missed the signal(s) (EA was disconnected or you had your PC switched off when signal was opened on master account), you will get that signal if this trade(s) on master account is in drawdown. Thus, you will always get same results as on master account, or even better. So if you see a big difference of open prices between your account and master account, dont worry, as it means that EA copier got opportunity to enter at a better price comparing to master account.
Settings We recommend you to leave all settings on defaults, please change settings only if youre an experienced user.
MaxOpenPositions: Maximum number of transactions that copier can open. -1 means that it will
open all trades from the master account. 0 means that it will not open a transaction at all. You can set any value, but if you want to get all the transactions from the master account, we recommend you to leave this option on the default, i.e. -1
PriceDiffAcceptedPips: This is the maximum slippage (in pips) you are willing to accept when opening the signal. E.g. if you set this value to 5, the signal provider opens Buy EUR/USD signal at 1.4150, the price spikes up very quickly and by the time your platform wants to open the trade, the price is at 1.4160, trade will not get opened because the price difference is 10 pips, while the setting is 5. Slippage: The same as PriceDiffAcceptedPips but for MetaTrader, order can be opened with price difference +- Slippage pips. Multiplier: Ea with 1.0 multiplier setting will execute trades with proportional volume on your account. i.e. for example, we open 0.5 lots on our 10K account and you have 1K account, then EA will execute 0.05 lot. You can change multiplier to increase/decrease risks. We recommend you to start from 1.0 setting and then increase/decrease it. If you don't like our money management, you can specify your own fixed lot size in EA settings. FixedLot: All orders will be used are fixed lots, and size does not matter which lots on Master`s side. MaximumLotPerTrade: if FixedLots are set to 0, Experts will copy trades with lots from Master, to protect your balance from wrong lots of Master, there is option maximum lots size allowed. PairSuffix: symbol suffix in this setting. For example: basic symbol EURUSD, but on your broker EURUSDm. You have to enter m as suffix to copy trades correctly. PairPrefix: the same as PairSuffix but used if you have prefix in symbol, EURUSD mEURUSD
AVA FX has proven to be a honest, reliable and received many great feedbacks from users on reviews site and forums and thus, Martin Foster and his team are using this broker for Pips Multiplier.
As a user of Pips Multiplier, you are entitled for exclusive bonuses if you open a live real-money trading account with AVA FX: Honest and reliable trading - No dealing desk execution Robot-friendly broker (accepts all robot types, including scalping) STP Execution (Straight-Through order execution) Minimum deposit only $100
Trading Expectations
Remember, patience is very important within work on financial markets. Signals of my trading systems are reliable. I use a very small number of technical indicators, several oscillators and moving averages, I watch price channels and Fibonacci levels, candlestick patterns on daily charts. But you must realize that losing trades are inevitable. Please do not jump to conclusions about the system on the basis of 5-7 trades. Instead, follow a system within 5-6 weeks (I prefer swing trading style). This is enough time to evaluate the systems in and get used to it. Also afterwards, you can still get your money back without any issues, if not satisfied with the result. To your success Martin Foster