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1. EMRUSD H H Symbol EURUSD Euro vs US Dollar veo _ es 1 3245 Volume 1 00 1 3231 Stop Loss 0 0000 Take Profit 0 0000 Comment 1 3216 Type Modify Order z 1 3202 Modify Order 1 3187 Level 5 v points Level 5 v points covas D coras Gay Stop Loss 1 3173 Take Profit 1 3261 ina Modify 10164424buy 1 00 EURUSD sl 1 3173 tp 1 3261 1 3129 Stop Loss or Take Profit you set must differ from market price by at least 5 pips 1 3115 Click on the blue modify button and you should now see resting SL and TP orders in your open trade in the terminal Backtesting Our robot backtests very well To get the most from your backtest please follow these settings Make sure you have added the EA to each currency chart before backtesting so the system can automatically detect your time settings and adjust not doing this will conflict backtest results Open the Strategy Tester by selecting View gt Strategy Tester Select the Expert Advisor as Scalping Robot Select the Symbol EURUSD Select the Period M15 Tick Use Date and select From 2010 01 01 To Today s Date If you are not getting any trades during a back test do the following 1 Check for errors in the Strategy Tester Journal 2 Download Historical Data If you have installed a new version of MT4 then there is never enough historical data to Back Test a robot properly You need to download more To download more historical data g2. Ao v Auto Arrange A A Pa y Grid G AR fal Ri BB Popup Prices F10 Ensure the chart is on the M15 setting as our robot trades on 15 minute bars Please repeat the above step for the EURCHF USDCAD and the USDCHF currencies Also ensure the Expert Advisors button above M15 is showing green as per below too Trader EURUSD M Charts Tools Window Help JB wL Es New Order D Expert Advisors jt 1a Ait M Bid Ask 4 30344 1 30368 84721 0 84755 45203 7 45248 09 985 110 009 _ 74658 1 74848 96859 1 97099 Then go to the expert advisors menu on the left hand side of the MT4 platform in the Navigator window click on it to expand the selection you will see the file EURUSD_ Robot drag that file onto the EURUSD M15 chart Please repeat the above step for the EURCHF USDCAD and USDCHF Ensure the pop up window looks the same as below Conan Common Safety Long amp Shot v positions Allow DLL imports E Confirm DLL function calls Allow import of extemal experts Enable alerts E Disable alert once hit Live Trading Allow live trading E Ask manual confirmation Click the Input tab on the dialog box and enter your License Key on the respective field like in the image below ab EURCHF a oo e3 MagicNumber 88888881 123 Hour_Start_Trade 0 h3 Hour_Stop_Trade 1 ab Lots_ Parameters Lots Parameters V2 Lots ZA LotsOpti
3. are many of our clients who are very happy with their platform Problem I m getting an error 126 and Metatrader is crashing when attach the robot Solution the Visual C 2008 SP1 Redistributable Package needs to be installed Here is the link http www microsoft com downloads details aspx familyid a5c84275 3b97 4ab7 a40d 3802b2af5fc2 amp displaylang en Problem I m getting an error 127 and Metatrader is crashing when I attached the robot Solution This means that the user has to install the Net framework at least 2nd Version This is very rare case most windows will already be running it Here is the link for the Net framework just in case you don t have it http www microsoft com downloads details aspx Family ID 0856eacb 4362 4b0d 8edd aab15c5e04f5 amp displaylang en Problem There is a sad face on my chart instead of a happy face Solution Make sure you have the Allow live trading ticked under the expert advisor Properties common Problem There is an X in the top right corner instead of a smiling face Solution Click the expert advisor tab on the top toolbar Problem My Metatrader platform crashed when open it up Solution Please un install Metatrader 4 and re install again under a new directory name then try again If you require any further support regarding our trading system please contact admin freefxtradingrobot com and we will endeavor to assist you shortly It must
4. be remembered that patience is extremely important when it comes to working within financial markets Although we have created a stable algorithm that shows excellent results you must be aware that losing some trades will happen For this reason please don t jump to conclusions about the effectiveness of the system after just a few trades Instead follow the system for a few weeks so that you can properly evaluate it and get used to the way in which it works If you are still not happy then we will happily refund you your money We sincerely hope you enjoy using our free automated trading robot we have done our best to bring to you the most powerful trading system we could possibly design and we have full confidence it will continue to work well Here s to you becoming a successful automated trader Car nifla Lindberg Camilla Lindberg www FreeFxTradingRobot com FREEFXTRADINGROBOT Profitable Forex Scalping System 100 Automated 100 Free
5. for those currencies are actively filling their order book executing their client tickets and building their own trading positions You will notice the volatility is at the greatest around session opening times and less so around the closing times as well The US session ends at approximately 4pm EST which is 2100 GMT at which time the European already had closed and doesn t open until 0800 GMT so in between 2100GMT and 0800 GMT North American and European dealers aren t active in fact the few hours after 2100 GMT no forex dealers are active In this period particularly between 2100 0200 GMT volatility is significantly reduced in currencies as most dealers are either asleep or not at their trading desks this is also a period when the least amount of news is released that affect prices Our robot primarily only trades between 2200 2300 GMT however due to different server times on some MT4 platforms it shows this same period as 0000 0100 GMT in the robot settings window 2 hours forward from the real GMT time Please use www timeanddate com to compare to your local times Some brokers differ in the time shown on their servers we go into detail regarding this further in this manual In this period prices don t tend to trend strongly in one direction not only is there lower volatility the ability for price to trend is very subdued This has been evident for many years in the currencies markets So we have designed a unique range b
6. increase the risk setting to 10 please be aware of the increased volatility in doing this you have to be able to stomach bigger account swings Please note as with any automated trading system it is prudent to watch over it and make sure it is functioning properly as its possible something on your system could cause mal functioning Our robot doesn t enter Stop Loss or Take Profit orders in straight away it hides them from the broker with the entry order then places them in several minutes after successful entry if your internet MT4 connection drops out in this time your SL and TP may not be placed If this happens you won t see any SL or TP levels shown in the trade tab in your terminal window to fix this you can manually enter in the SL TP orders into MT4 as shown below Open up the trade tab in the terminal window Right click on the stop loss box then click on modify order 0 0000 El New Order E Close Order sed till 2011 05 01 Trailing Stop Profit least timeframes to generate each tick w Commissions To 2010 12 10 Taxes 2010 12 30 Comments v Auto Arange v Grid Manually enter in the SL and TP levels for the SL simply subtract 80pips from your entry price and for the TP simply add 7 pips to your entry price or other amounts depending on your chosen SL and TP values Order 10164424 buy 1 00 EURUSD at 1 3253 sl 0 0000 tp 0 0000 a nt
7. EA dll Application Extens 175 KB vorite Links Dropbox Documents mAg zp Pictures More Folders bi J FXCM MetaTrader4 i config J deleted di experts W files J include ie d indicators Ji libraries J logs B New Folder P presets d samples a scripts j templates d history ag A 1 item Now you can re open up Metatrader After opening Metatrader MT4 hold down the CTRL O keys and then click on the Expert Advisors tab and configure options to show the same as below Options Server Charts Objects Trade Expert Advisors Email Publisher Events _ Disable experts when the account has been changed __ Disable experts when the profile has been changed V Allow live trading F Ask manual confirmation V Allow DLL imports Confirm DLL function calls V Allow external experts imports First open a EURUSD chart by right clicking on the currencies then clicking on open chart change time frame to M15 Market Watch 11 52 39 Symbol Bid Ask 4 EURCHF 1 30371 1 30395 EURGBP 0 84732 0 84766 EURDKK 7 45203 7 45248 gt EURIPY 109 977 110 001 _ EURNZD 1 74669 1 74859 7 EURTRY 1 96837 1 97077 E New Order F9 4 GBPAUD x Chart Window GBPCAD amp GBPCHF w Tick Chart Space ere Hide Delete Symbols Ti g Hide All Navigator AM Show All M Symbols AM Sets gt AM High Low AM Time
8. Profitable Forex Scalping System 100 Automated 100 Free User Manual for Premium Version Terms of Use Trading any financial market involves risk The content of this Manual its various associated websites and all related correspondence are neither a solicitation nor an offer to purchase of sell any financial instrument Although every attempt has been made to assure accuracy we do not give any express or implied warranty as to its accuracy We do not accept any liability for error or omission Examples are provided for illustrative and educational purposes only and should not be construed as investment advice or strategy No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this Manual Past performance is not indicative of future results By using this software subscribing to our mailing list or using the website you will be deemed to have accepted these terms in full We endeavor to insure that related websites are available 24 hours per day but we cannot be held liable if for any reason a site is unavailable The information provided in this e book is not intended for distribution to or for use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country Hypothetical performance results have many inhere
9. ake a few minutes to setup then you don t have to do it again It s all point and click type software designed for those not so tech savvy When scalping you need a good forex broker to be profitable ideally you want a broker that has low spreads with good execution You should trade with a broker that has an average spread on the EURUSD around 2 pips wide plus the other currencies shouldn t be more than 3 pips wide There are often differences between the quotes that different brokers provide as well as in the ways that the different MetaTrader platforms behave We find that the best compatibility is gained when using Trading Point which is the broker that we use We like Trading Point because their guarantee of no re quotes which is key to the profitability of the EA Also as there are a huge amount of different MetaTrader brokers in existence there is no way that we can possibly guarantee compatibility with all of them For this reason please take our recommendation of Trading Point into serious consideration If you don t already have a live forex account simply visit a forex broker s website and download a free demo account our robot will still work the same on a demo account This way you can try our robot without risking real money Step 2 Installing the Robot After downloading and installing Metatrader 4 from a brokers website please close down Metatrader and copy the robot files EURUSD_Robot ex4 FFRPremi
10. e stop loss and take profit as shown below MagicNumer 88888888 trade identifier no need to change Hour_Start_Trade 0 time robot starts looking for trades Please note this equates to 2200 GMT Real time the time specified in the settings 0 is your brokers equivalent time as displayed on the charts after adding the robot Hour_Stop_Trade 1 time robot stops looking for new trades 2300GMT real time Please adhere to the time note as above Lots 0 1 use this setting if lotsoptimized setting is false you can manually choose your lot size LotsOptimized True this will automatically calculate position size based on the Risk number below Risk 5 the robot will automatically adjust your position size so that the stop loss equals 5 of you re a c Maximum_Lots 100 this is the max amount of lots the robot will open currently set at 10 million dollars StopLoss TakeProfit Virtual_TP Slippage_close MaxSpread TimeOpenedProtection Volatility Filter Sec 800 the amount of pips we give the trade room to hit our profit target this is 80 pips shown as 800 because of 5 decimal broker if 4 digit broker use 80 for 80 pips 90 the amount of pips we are looking to close the trade a profit for this is 9 pips shown as 90 because of 5 decimal broker if 4 digit broker use 9 for 9 pips false this is a dynamic takeprofit setting recommended to be left off at this stage 4 this is the max amou
11. m works why it works and what you can expect from it Ok so let s describe our system Our system is a scalping system with a very high win rate above 90 Trades usually only last several hours or less however every now and then they can last up to 6 hrs As with every scalping system a small target profit is set in place with a larger stop loss We have tested many different types of stop losses and as with most trading systems larger stop losses work much better the market just doesn t go straight up or straight down it trends ranges chops changes sideways spikes etc so you need to give your trade a lot of breathing room to hit your profit target For example on the EURUSD we use a 7 pip profit target with an 80 pip stop loss this results in many winning trades which makes it easier on your psyche to trade the system Yes every now and then you will hit your stop loss that is normal and every trading system has drawdowns But to truly keep on trading the system you need to know why it works this will give you the confidence to keep trading beyond the temporary drawdowns Keep on reading the next page where we describe the logic of our trading system Here is what our system is based on As you may know the currency markets are dominated by 3 major trading sessions First the Asian session then the European session finished with the US session In each of these trading sessions the local forex dealers
12. mized true D m ni You should have received an email with your License Key needed to activate your product Once you pasted in your License Key click Save and then OK If it loaded successfully you will see a License Activated message for a few seconds after activation on the top left corner of the chart and smiley face on the top right hand corner of the chart T IWE FFRPremiumEA EURCHF 4 24275 EURCHF M15 1 211865 1 21247 1 21184 1 21235 FFRPremiumEA License Activated 1 21195 If your license was not properly activated you will see a Wrong license message at the top left corner of the chart X EURCHF M15 1 21205 1 21250 1 21170 1 21188 Wrong license In this case check again the above steps and make sure you followed them correctly If the issues persist please contact us Now all you have to do is leave your computer running with Metatrader and the robot will automatically open and close trades for you Please check the system periodically to ensure it is running smoothly YOU ARE ALL DONE Settings Please find below the settings used in our robot All you do is attach the robot to the currency charts and our optimized settings will be in effect PLEASE NOTE You need to be aware if your forex broker has 4 digit or 5 digit pricing if your broker has 5 digit pricing you don t need to make any changes if your broker has 4 digit pricing you need to adjust th
13. nt limitations some of which are mentioned below No representation is being made that any account will or is likely to achieve profits or losses similar to those shown In fact there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight In addition hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading For example the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect trading results There are numerous other factors related to the market in general and to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results all of which can adversely affect actual trading results We reserve the right to change these terms and conditions without notice You can check for updates to this disclaimer at any time without notification The content of this Manual and all related websites and correspondence are copyright and may not be copied or reproduced Commodity Futures Trading commission Futures and Options trading have large potential rewards but also large po
14. nt of slippage the robot will allow in executing a trade signal 5 this is the max amount the currency spread can be for the robot to trade True our robot auto adjusts the time settings to your server time False this is an option to filter our trading signals when volatility is currencies is too high currently recommended to false 0 001 related to the above volatility filter recommended leave to default settings Please be aware your computer has to be for the system to work If you don t think you can have your computer turned on with Metatrader all the time and you experience internet drop outs or crashes we highly recommend you get a VPS subscription to run your system We do ourselves For more information please visit http www freefxtradingrobot com Forex VPS html Risk Management As you know we are big believers in having prudent risk management Unlike most other robots out there ours doesn t use martingale that is we never add to losing positions or hold through massive open trade drawdowns Our system uses a fixed stop loss for every trade and you can adjust this level By default the system will risk 5 of you re a c on every trade since we have an extremely high win rate above 90 this is bearable every now and then you will take a loss but most days will end in profit If you more conservative you may wish to adjust the risk setting to 2 and if you re more aggressive you may wish to
15. o to Tools gt History Centre Select the currency pair you would like to test on Then click Download This will download all data from Metaquotes for all timeframes and may take a few minutes IMPORTANT Once the History Center has downloaded all the data click Download again Follow the onscreen instructions to recalculate the timeframes You are now ready to backtest Feel free to test different settings by changing the default settings in the expert advisor parameters in the strategy tester window We encourage you to tweak the settings a little just so that everyone is trading at exactly the same second You can also optimize the expert advisor by following these instructions In strategy tester tick the window optimize and in the Expert properties in the values you want to optimize enter a start value a step and a stop value For example if you wanted to find the optimal stop loss level between 50 120 pips you would set the start value to 50 the step at 10 and the stop at 120 the system will then test every stop loss combination between 50 120 going up 10 pips at a time so it would test 50 60 70 80 90 100 110 120 It will return the results in the optimization results window you can then fine tune your settings in the EA on the chart to the optimal settings Troubleshooting There are several things that can be easily overlooked when installing a forex robot for the first time we have compiled a list of
16. ound trading system designed to trade only in this low volatility period It looks for a simple channel to buy and sell in between these times Our robot will auto adjust the exit to breakeven if the price initially moves away from the entry price we have found this to increase performance other than that it will look for 7 pips profit Please be aware there will be times of drawdown just like any other trading system There have been plenty of historical drawdowns but every time it recovers to new equity highs Our system only trades Sunday Wednesday Ney York time that is it doesn t trade it doesn t trade Thursday night or Friday night NY time because we ve found currencies to trend more going into the weekend plus sensitive news releases occur more so on Fridays think NFP and our robot doesn t like this Now you understand the system you re ready to setup Setting Up and Installation Please follow the below steps carefully to install our automated robot You only need to follow the below instructions once then your system will remain on auto pilot so long as your computer is turned on with Metatrader running Step 1 Downloading Metatrader 4 As you know our automated system is an expert advisor script that runs on the Metatrader 4 platform as offered by over 400 brokers worldwide If you ve never used Metatrader 4 before don t worry it is a very simple platform that anyone can use it really does only t
17. tential risk You must be aware of the risks and be willing to accept them in order to invest in the FOREX futures and options markets The past performance of any trading system or methodology is not necessarily indicative of future results Introduction Congratulations on your decision to use our forex scalping robot We are sure you will be satisfied with its performance and ease of use going forward We have spent a considerable amount of time and money to develop this robot and we believe we have our best work ever presented here Many late nights have gone into perfecting every single detail about the robot You find installing a breeze and it will run completely on autopilot for you By now you should have received an email with a zip file containing the Premium robots If you haven t received it please check it s not in your spam folder If it s not there please forward a copy of your receipt email to admin freefxtradingrobot com and we will email you the Premium robots within 24 hours usually less System Logic As you know we are disclosing our system logic in this section This is something that 99 of system vendors don t tell you yet it s the most important thing to know to be able to trade a system with conviction If you don t know how a system works how on earth are you going to have the confidence to place real money with it Therefore we have taken the time to explain to you exactly how our syste
18. the most common problems and the easy solution to them Problem I have the user guide but have not received the Premium robot files Solution when you signed up you will have received an email with the robots attached zip file If it s not in your inbox please check your spam folder and whitelist the email admin freefxtradingrobot com to make sure you receive all future upgrades this step is key If you still haven t received it please forward your receipt email to admin freefxtradingrobot com and we will resend them to you within 24 hours typically less Problem installed the robot X days weeks ago but it hasn t placed any trades Solution e Make sure you have followed all the installation steps above even missing a single one will cause the EA to not work properly e If you are running the robot on your local PC make sure the EA is running from 2200 GMT to 2300 GMT Monday to Friday As the robot only trades during that hour if it isn t running then it won t place any trades e For best results and to avoid all the issues above we recommend running the EA ona VPS service Click here for VPS services that have proven to work well with our robots and which we recommend http freefxtradingrobot com Forex_VPS html e Different brokers provide different prices and this will affect the profitability and the number of trades the EA will place We strongly recommend Trading Point as it has proven to work very well and there
19. umEA EURCHF ex4 FFRPremiumEA USDCAD ex4 and FFRPremiumEA USDCHF ex4 from your zip download into the expert folder in the Metatrader Folder the path should usually be C Program Files MetaTrader 4 experts folder as shown below By Organize Views gp Burm M Compatibility Files Name i Date modified Type Size S apka files 03 09 2012 14 17 File Folder J include 03 09 2012 14 17 File Folder E Documents L indicators 06 12 2012 17 46 File Folder EE Pictures L libraries 11 12 2012 11 55 File Folder More di logs 03 09 2012 14 22 File Folder pies v presets 03 09 2012 14 17 File Folder I FXCM MetaTrader4 _ samples 03 09 2012 14 17 File Folder az config i scripts 03 09 2012 14 17 File Folder J deleted 03 09 2012 14 17 File Folder i omens _ EURUSD_Robot ex4 10 08 2011 16 29 EX4 File 21 KB WB files a FFRPremiumEA EURCHF ex4 EX4 File 25 KB BD include _ FFRPremiumEA USDCAD ex4 EX4 File 25 KB indicators 9 FFRPremiumEA USDCHF ex4 EX4 File 25 KB d libraries logs a presets d samples d scripts d templates d history di Languages z s ae 13 items Then copy the FFRPremiumEA dIl file to your C Program Files MetaTrader 4 experts libraries folder like in the image below jo SYSTEM C Program Files FXCMMetaTrader4 experts libraries 4 Search Wy Organize Views Burn Name Date modified Type Size FFRPremium
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