Forex EA Tutorial

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Optimizer EA v1.10.

01 Upgrade Manual
Use this tutorial if you are about to upgrade from previous version of OptimizerAutobot EA.

In v1.10.01 version there are some parameters you able to change:


1. Optimizer Autobot PIN: PIN provided in your EA download e-mail or in Forex account
detail.
2. Enable Buy/Long: set to “TRUE” if you want the EA to perform BUY/LONG trading.
3. Enable Sell/Short: set to “TRUE” if you want the EA to perform SELL/SHORT trading.
4. Starting Lot Size : your desired lot size for first open position.
5. Max. Averaging Position : maximum averaging allowed when market price went the other
way.
6. Decimal Point Adjustment (NEW FEATURE)
This setting is to adjust EA’s Pip, Order Trigger and Take-Profit setting.

For example:
1. By default EUR/USD has 5 decimal points. But if your broker only accommodate only
4 decimal points, you need to set Decimal Point Adjustment to “Down 1x”.
2. Another example, by default XAU/USD has 2 decimal points. But if your broker
accommodate 3 decimal points, you need to set Decimal Point Adjustment to “Up
1x”.

Please use small trading lot size and/or perform Strategy Tester first if you want to change
this parameter and not quite sure with what you are doing.

7. EA Timeframe Setting
This feature is very useful for user who wants to trade on volatile instruments and/or during
major market issues/updates.

This parameter has several options:


1. Default
EA will always check current market condition in order to create a new OPEN or
PENDING market order.
2. M5
EA will only analyze market condition every 5 minutes (starting from minute “0” of
each hour) in order to create a new OPEN or PENDING market order.
In short, EA will only analyze on minute 0, 5, 10, 15… (12 times each hour).
Example:
Your previous order is closed at 09:11 due to Take-Profit, EA will not automatically
create a new OPEN position right away. System will wait until 09:15 to perform new
market analysis and decided to create a new OPEN order.
3. M10
Same thing as M5, but EA will only perform market analysis every 10 minutes (starting
from minute “0” of every hour).
So, EA will only run on minute: 0, 10, 20, 30… (6 times each hour).
4. M15
Same thing as M5, but EA will only perform market analysis every 15 minutes (starting
from minute “0” of every hour).
So, EA will only perform analysis on minute: 0, 15, 30, 45 (4 times each hour).
5. M20
Same thing as M5, but EA will only perform analysis ever 20 minutes (starting from
minute “0” of every hour).
So, EA will only perform analysis on minute: 0, 20, 40 (3 times each hour).
6. M30
Same thing as M5, but EA will only perform analysis ever 30 minutes (starting from
minute “0” of every hour).
With this parameter, EA will only run 2 times on minute 0 and 30 of every hour.

8. Risk Management Setting (NEW FEATURE)


If you enable this feature and set the Cut Loss Percentage, when your terminal’s equity (not
your total account’s equity) drop to the limit, EA will cut loss all positions on this specific
terminal.
Example: Enabling 5% Cut Loss on EUR/USD and when all of your EUR/USD equity’s
drop to -5%, EA will closed all open positions and cancel all pending positions on
EUR/USD terminal. Meanwhile all of your other trades on other terminal (eg: GBP/USD,
USD/JPY) will remain intact.

To upgrade/replace to our new EA version, follow below steps:


1. Please remove your current Optimizer Autobot EA from Trading Terminal first.
2. Click “File” and select “Open Data Folder”.

3. Open “MQL4” folder and open “Experts” folder.

4. Paste your downloaded EA to “Expert” folder.


5. Back to MetaTrader and refresh your “Expert Advisor” menu.
6. Once “Optimizer v1.10.01” listed, you may drag and drop it to Trading Terminal and re-
apply your Trade Parameter. EA will automatically resume your previous trade.

WARNING: THIS EA WILL ONLY WORK FOR META TRADER 4

Copyright @ 2022 – Optimizer Autobot Community


Optimizer EA v1.10.01 Installation Manual

Before running this EA on any of your desired Forex Pair terminal, please follow below steps first.

1. Click on “Tools” and then choose “Options”.

2. Open “Expert Advisors” tab and check on “Allow WebRequest for listed URL”.
After that, please add below URLs:
- https://optimizerautobot.com
- https://fx.optimizerautobot.com

4
3. Once you allowed our URLs, you may continue running the EA to any of your trading
terminals. And DO NOT forget to check “Allow live trading” and “Allow DLL imports”
from “Common” tab.

4. You may change these parameters:


 Optimizer Autobot PIN: PIN provided in your EA download e-mail or in your Forex
detail.
 Enable Buy/Long: set to “TRUE” if you want the EA to perform BUY/LONG trading.
 Enable Sell/Short: set to “TRUE” if you want the EA to perform SELL/SHORT
trading.
 Starting Lot Size: your desired lot size for first open position.
 Max. Averaging Position: maximum averaging allowed when market price went the
other way.
 Decimal Point Adjustment
This setting is to adjust EA’s Pip, Order Trigger and Take-Profit setting.
For example:
◦ By default EUR/USD has 5 decimal points. But if your broker only accommodate
only 4 decimal points, you need to set Decimal Point Adjustment to “Down 1x”.
◦ Another example, by default XAU/USD has 2 decimal points. But if your broker
accommodate 3 decimal points, you need to set Decimal Point Adjustment to
“Up 1x”.

Please use small trading lot size and/or perform Strategy Tester first if you want
to change this parameter and not quite sure with what you are doing.

 EA Timeframe Setting
This feature is very useful for user who wants to trade on volatile instruments and/or
during major market issues/updates.

This parameter has several options:


◦ Default
EA will always check current market condition in order to create a new OPEN or
PENDING market order.
◦ M5
EA will only analyze market condition every 5 minutes (starting from minute “0”
of each hour) in order to create a new OPEN or PENDING market order.
In short, EA will only analyze on minute 0, 5, 10, 15… (12 times each hour).
Example:
Your previous order is closed at 09:11 due to Take-Profit, EA will not automatically
create a new OPEN position right away. System will wait until 09:15 to perform
new market analysis and decided to create a new OPEN order.
◦ M10
Same thing as M5, but EA will only perform market analysis every 10 minutes
(starting from minute “0” of every hour).
So, EA will only run on minute: 0, 10, 20, 30… (6 times each hour).
◦ M15
Same thing as M5, but EA will only perform market analysis every 15 minutes
(starting from minute “0” of every hour).
So, EA will only perform analysis on minute: 0, 15, 30, 45 (4 times each hour).
◦ M20
Same thing as M5, but EA will only perform analysis ever 20 minutes (starting
from minute “0” of every hour).
So, EA will only perform analysis on minute: 0, 20, 40 (3 times each hour).
◦ M30
Same thing as M5, but EA will only perform analysis ever 30 minutes (starting
from minute “0” of every hour).
With this parameter, EA will only run 2 times on minute 0 and 30 of every hour.

 Risk Management Setting


If you enable this feature and set the Cut Loss Percentage, when your terminal’s equity
(not your total account’s equity) drop to the limit, EA will cut loss all positions on this
specific terminal.
Example: Enabling 5% Cut Loss on EUR/USD and when all of your EUR/USD
equity’s drop to -5%, EA will closed all open positions and cancel all pending positions
on EUR/USD terminal. Meanwhile all of your other trades on other terminal (eg:
GBP/USD, USD/JPY) will remain intact.

WARNING: THIS EA WILL ONLY WORK FOR META TRADER 4

Copyright @ 2022 – Optimizer Autobot Community

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