Forex Pulse Detector

Forex Pulse Detector
Forex Pulse Detector
User Guide
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Content
1. Introduction …………………………………………………………… 3
2. Installation
3. Settings
…………………………………………………………… 4
………………………………………………………………… 8
4. Terms of Use and Risk Disclosure
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.......……..…………
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Introduction
Forex Pulse Detector is a very flexible robot which allows very fine
tuning in accordance with the trader's goals and expectations.
Thanks to its hybrid trading system, the robot offers infinite
opportunities for profit.
Forex Pulse Detector has a very complex trading strategy which is a
result of years of development and extensive tests. The robot has
been adapted to the latest tendency of the Forex market. Our team
always monitors the Forex tendencies and adapts the strategy to the
current market conditions in order to make it as profitable as
possible, and last but not least, justify every customer's
requirements.
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Installation
Before installing Forex Pulse Detector, you will need to open an
account at some brokerage. There are plenty of good brokers that
offer good spreads and attractive bonus system – the broker
selection is a matter of personal preference in most cases. For your
convenience, we will share briefly a few good brokers: Alpari, FXPro,
FXOpen, Pepperstone, etc. We do not oblige you in any to choose
any of the aforementioned brokers! We just give examples to those
traders who don’t have any experience with brokers yet. Don’t
forget – the broker selection is a personal choice.
After you open an account at a broker, you will have to install its
Metatrader 4 (MT4) platform to your personal computer or VPS.
99% of the brokers provide a MT4 terminal for trading. If your
broker does not, then choose another one. Forex Pulse Detector is
compatible ONLY with MT4 terminal platforms!
Once you are done with this, you are one step away from installing
the expert advisor (EA) to the MT4. Here the necessary steps for
completing this:
 Close your MT4 terminal, if it is running.
 Download “ForexPulseDetector_5.1_Installer.exe” from the
member area.
 Follow the installation steps by clicking “Next” until all steps are
completed.
 Start your MT4 terminal.
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Once you complete the aforementioned steps, you will need to set
up your MT4 terminal. Before attaching the EA to any chart, always
make sure your MT4 Options are like on the picture below:
Once you apply this, you are ready to attach Forex Pulse Detector to
a MT4 chart.
Use Forex Pulse Detector only on the following pairs: GBPUSD and
EURGBP
Use Forex Pulse Detector only on M15 time frame!
You are almost ready! Next you will have to enter your activation
code in the EA’s Properties. You can find your activation code in the
member area of our website (the Account page) here:
http://www. automatedforextools.com/account
IMPORTANT: Each of the products you have has its own unique
activation code which is valid exactly 30 days. Once this code
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expires, you will have to renew it – otherwise, you will not be able
to use the EA! Here is how your Forex Pulse Detector profile looks
like in the member area when your activation code has expired:
After you click on the “Generate code” button, you will see
this:
Your new code will be “yyyyyyyyyy” (this is just an example code).
Now when you have the new code, you have to enter it in the EA’s
Properties, more precisely, the “activation_code” parameter. This is
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the only way to continue using the EA after your old code has
expired! The new code will be valid for another 30 days. After this,
you have to repeat the steps.
IMPORTANT: Do not share your code with anyone else! An
activation code may be bond to only one account. Our security
system tracks this! If a suspicious activity occurs, the tracking
system may block your activation code or even suspend your
license!
Now after you have the EA activated, you can watch it trade for you.
Once you attach it to a chart in a specific account for the first time,
our system will log your account number and “remember” it. Since
you have a restriction on the number of accounts used, you may
want to change your account at some point. You can do this in the
member area, more precisely, in the section below:
If you want to use the EA on another account, you will have to
delete your older one first before installing the EA on another MT4
account.
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Settings
Our team has made many tests and optimizations – for that reason,
we suggest to use the default settings. If you are new to automated
Forex trading, don’t change any of the parameters, except those
provided for the trading lot size!
The robot is developed only for the GBPUSD and EURGBP pairs.
However, if you wish to use it on any other pair, it will be active only
with the ManualTradingOnly parameter enabled (check for
reference the description of this parameter below). In this case, the
EA will not open new trades – it will only managed the already
manually opened ones.
activation_code – this is the most important parameter to make “Forex Pulse
Detector” working. You have to set here your own activation code for this
product. If you don’t know it, check it out in the member area.
Allow_BUY – allows the EA to open “Long” (Buy) trades.
Allow_SELL – allows the EA to open “Short” (Sell) trades.
TakeProfit – the Take Profit level of the EA’s positions.
StopLoss – the Stop Loss level of the EA’s positions.
SmartProfit – when enabled, the EA would close the opened trades by trading
logic ignoring the take profit levels. In this case, a higher profit may be made.
GMTOffset – the current GMT offset of your broker’s MT4 terminal.
TrailingStop – trailing stop in pips.
TrailingStopAfter – when this value in pips is reached, the EA sets as stop
loss the value of TrailingStop.
NFA_Broker – you should enable this parameter only if your broker is NFA
compliant.
Hedging – if your broker does not allow hedging, you will have to switch this
parameter to “false”.
Lots – the trading lot size for each opened position by the EA.
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LotsStep – the lot step by which the EA will increase the lot size for the
additional trades.
Risk – the risk in percent with which the EA will trade. Once you set a value
greater than 0, the EA will calculate your lot size automatically and accordingly
with your account’s free margin. When 0(zero) is set, the EA will trade with the
amount set for the Lots parameter. Note: we recommend to use the Lots
parameter instead of the Risk parameter – it is because the risk calculations
may confuse at some stage and consequently get unexpected results.
MaxRisk – the maximum permitted risk for trading.
MaxSpread – the maximum spread up to which the EA may open new trades.
MaxSlippage – the maximum slippage up to which the EA may open new
trades.
MagicNumber – this parameter is used to help the EA distinguish its own
trades from another EAs’ trades. If you trade with more than one EA, make
sure their magic numbers are different! As well, if you use the same EA on
identical pairs, the magic numbers must be different too!
ManualTradingOnly – If enabled, the EA will not new trades. In this case, only
the trader may open trades via the Buy and Sell buttons. If this happens, the
EA will start to manage these trades (modify, close) or open additional trades to
them, if the conditions are met.
BUY_MaxOpenTrades – the maximum number of opened BUY trades at the
same time.
BUY_BarsBeforeAdd – the minimum bars before which the EA may open an
additional BUY trade.
BUY_BarsBeforeFirstAdd - the minimum bars before which the EA may open
the first additional BUY trade.
BUY_AddFirstAdditionAfter – the minimum pips after which the first
additional BUY trade may be opened.
BUY_AddAdditionAfter - the minimum pips after which an additional BUY
trade may be opened.
BUY_AddAdditionOnSignal – an additional rule for opening additional BUY
trades. It comes from a specific indicator used by the EA.
SELL_MaxOpenTrades - the maximum number of opened SELL trades at the
same time.
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SELL_BarsBeforeAdd - the minimum bars before which the EA may open an
additional SELL trade.
SELL_BarsBeforeFirstAdd - the minimum bars before which the EA may open
the first additional SELL trade.
SELL_AddFirstAdditionAfter - the minimum pips after which the first
additional SELL trade may be opened.
SELL_AddAdditionAfter - the minimum pips after which an additional trade
SELL may be opened.
SELL_AddAdditionOnSignal - an additional rule for opening additional SELL
trades. It comes from a specific indicator used by the EA.
CounterAttack – a special functionality which allows the EA to open trade with
higher risk to compensate opened trades at loss quicker.
CounterAttackTrades – the maximum number of counter attack trades that
the EA may open.
CounterAttackLots – the lot size for the counter attack trades.
CounterAttackAfter – the lots pips after which the EA may trigger the counter
attack functionality.
CounterAttackSmartClosing – if this parameter is enabled, the EA may close
the counter attach trades when it “senses” a market reversal. The idea of this is
to avoid the reversal and make a higher profit. When the reversal ends, the EA
may open a counter attack trade once again.
ExitSystem_1 – allows the EA to use special closing system. It triggers only
when the EA wants to prevent a higher loss, but this sometimes leads to
smaller long-term profits. It would be good to backtest this for yourself first
before deciding whether to use this feature or not.
ExitSystem_2 – same as ExitSystem_1, but it uses another closing methods.
ExitSystem_3 – same as ExitSystem_1, but it uses another closing methods.
AllowAdditionalTrades – allow the EA to open additional trades when an
already opened trade is at a loss.
TradeOnMonday – allow the EA trade on Monday.
TradeOnTuesday – allow the EA trade on Tuesday.
TradeOnWednesday – allow the EA trade on Wednesday.
TradeOnThursday – allow the EA trade on Thursday.
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TradeOnFriday – allow the EA trade on Friday.
TradeOnSaturday – allow the EA trade on Saturday.
TradeOnSunday – allow the EA trade on Sunday.
MondayHours – the hours (divided by “,”) during which the EA is allowed to
trade on Monday. If “all” is set, the EA may open trades during the whole day.
TuesdayHours – same as the MondayHours parameter, but it applies for
Tuesday.
WednesdayHours – same as the MondayHours parameter, but it applies for
Wednesday.
ThursdayHours – same as the MondayHours parameter, but it applies for
Thursday.
FridayHours – same as the MondayHours parameter, but it applies for
Friday.
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Terms of Use and Risk Disclosure
U.S. GOVERNMENT REQUIRED DISCLAIMER
FOREX trading has 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 markets. Don’t trade
with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell
currencies, futures or options. No representation is being made that any account will or is likely
to achieve profits or losses similar to those discussed on this web site.
The past performance of any trading system or methodology is not necessarily indicative of
future results.
Trading foreign exchange on margin carries a high level of risk and is not suitable for all
investors. The high degree of leverage can work against you. As with all investments, you
should not invest money that you cannot afford to lose. Before deciding to invest in foreign
exchange, you must carefully consider your investment objectives, level of experience, and risk
appetite. Additionally, you must be aware of all the risks associated with foreign exchange
trading and seek advice from an independent financial advisor. Past results are not necessarily
indicative of future success.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT
REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE
RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF 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.
By using Forex Pulse Detector, or any other product of this website, you acknowledge that
you are familiar with these risks and that you are solely responsible for the outcomes of your
decisions. We accept no liability whatsoever for any direct or consequential loss arising from
the use of this product. It's to be noted carefully in this respect, that past results are not
necessarily indicative of future performance.
Your purchase or testing of Forex Pulse Detector serves as your acknowledgement and
representation that you have read and understand these TERMS OF USE and that you agree to
be bound by such TERMS OF USE ("License Agreement").
Copyright Information
REPRODUCTION AND OR TRANSLATION OF ANY PART OF THIS WORK BY ANY MEANS
ELECTRONIC OR MECHANICAL INCLUDING PHOTOCOPYING BEYOND THAT PERMITTED BY
COPYRIGHT LAW WITHOUT THE PRIOR WRITTEN PERMISSION OF THE PUBLISHER IS
UNLAWFUL.
Copyright © 2015 – Automated Forex Tools, www. automatedforextools.com - All Rights
Reserved
Author: Automated Forex Tools Team
Website: www. automatedforextools.com
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