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Installing Auto FX Firing Pin

1. A 14 01 57 Restart EA wi chart period matching TimeFrame oR Expert Advisors FxAutoFinngPin ili G A 13 54 12 Restart EA wi chart period matching TimeFrame M 1A It araara aaa a a aa tered tere S Then click OK to clear the Alert Either of these two alerts below means you didn t follow Step 1 in Module 1 Open the FXAutoFiringPin properties box Common tab and check Allow live trading and Allow DLL imports Click OK clear the alert and then go back to Step 1 and follow the instructions there Also if Allow live trading is disabled you ll get a Frowny Face in the upper right corner of the chart Fr amp utoFiringPiniii_1 4 Not so with Allow DLL imports You just get the alert A Allow for DLL calls in the properties gt common popup wir A 14 09 20 Allow For DLL calls in the properties gt common Al 14 06 19 Warning Trading allowed is disabled A 14 06 19 Num Lots calculated using money management r A 14 02 19 Warning Expert Advisors are not enabled B warning Trading allowed is disabled A 14 06 19 Warning Trading allowed is disabled A 14 06 19 Num Lots calculated using money management r A 14 02 19 Warning Expert Advisors are not enabled 14 02 18 Num Lots calculated using money management r M saint ketene hfs at eet bp eign M M anni i a a eect atretonre te FxAutoFiringPin111 1 Common Inputs M Common JLong amp Short positions
2. How do you know if the spread is in the normal range Though spreads can vary broker to broker here s the typical soread for EURUSD and EURJPY to use as a rule of thumb Average spread for EURUSD is 2 2 5 Average spread for EURJPY is 3 3 5 So if the spread for EURUSD is 3 or less you can run the calibration at any point during the weekend If it s above 3 wait till the market opens on Sunday If the spread for EURJPY is 4 or less you can run the calibration at any point during the weekend If it s above 4 wait till the market opens on Sunday It s a good idea to check with your broker as to what the normal trading day spread is for the pairs you are interested in If you don t want to check the spread then simply wait till the market opens on Sunday and do your calibration after the market settles down Of course you can do calibration at any point in the week as well So if you re just beginning with the Auto FX Firing Pin and it s mid week that s ok You can perform the calibration mid week Going forward you ll probably want to pick a day and stick with it Sundays are advantageous because the EA doesn t trade on Sunday Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 AS This is the end of Module 3 Now that you have completed the calibration run you are ready to go on to Module 4 setting up the EA If you have any technical questions abou
3. RISK WARNING TRADING FOREIGN CURRENCIES IS A CHALLENGING AND POTENTIALLY PROFITABLE OPPORTUNITY FOR EDUCATED AND EXPERIENCED INVESTORS HOWEVER BEFORE DECIDING TO PARTICIPATE IN THE FOREX MARKET YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE MOST IMPORTANTLY DO NOT INVEST MONEY YOU CANNOT AFFORD TO LOSE THERE IS CONSIDERABLE EXPOSURE TO RISK IN ANY FOREIGN EXCHANGE TRANSACTION ANY TRANSACTION INVOLVING CURRENCIES INVOLVES RISKS INCLUDING BUT NOT LIMITED TO THE POTENTIAL FOR CHANGING POLITICAL AND OR ECONOMIC CONDITIONS THAT MAY SUBSTANTIALLY AFFECT THE PRICE OR LIQUIDITY OF A CURRENCY FOR EXAMPLE TRADING THE VOLATILITY CREATED DURING THE RELEASE OF HIGH AND MEDIUM IMPACT ECONOMIC REPORTS PRESENTS EXCEPTIONAL OPPORTUNITIES FOR PROFITS LIKEWISE TRADING IN TIMES OF HIGH VOLATILITY ALSO INCREASES YOUR POTENTIAL RISK TO ILLUSTRATE THERE MAY BE TIMES WHEN YOU WILL EXPERIENCE SLIPPAGE IN THE FORM OF A GAP BETWEEN THE PREVIOUS BID AND THE CURRENT BID THIS IS ESPECIALLY TRUE WHEN THE MARKET IS MOVING FAST DUE TO HIGH VOLATILITY THUS YOUR ORDER MAY BE FILLED AT AN AMOUNT FAR PAST YOUR REQUESTED ORDER RATE IN AN EXTREMELY FAST MOVING MARKET YOU MAY ALSO EXPERIENCE A DELAY OF 10 TO 15 SECONDS BEFORE YOUR ORDER IS FILLED IT IS POSSIBLE THAT YOU COULD LOSE MOST OR ALL OF THE FUNDS IN YOUR TRADING ACCOUNT THEREFORE DO NOT TRADE WITH MONEY YOU CANNOT AFFORD TO LOSE MOREOVER THE LEVERAGED NA
4. Symbol properties Model Control points a very crude method based on the nearest less timeframe the results must not be considered Optimization v Open chart Use date v From 2011 12 04 gt To 2011 12 18 Modify expert Visual model 1 iy Skip to 2012 01 09 1152 7 1 280 8 085 0 01 26 0 00 10 i a ise Start Settings Optimization Results Optimization Graph Results Graph Report Journal Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 39 Next open the Optimization Results tab and you will see a table that looks like the one below Note that the results are ordered in sequence from the first pass to the last At this stage even one pass is sufficient Profit Total trades Profit Factor Expected Payoff Drawdown Drawdown 1 41 54 10 1 43 4 15 89 45 1 78 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 0 8 TP_SLDistance 160 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 2 32 55 9 1 33 3 62 100 70 1 99 MaxStopLoss 60 SplitFrct4TR 1 5 BiasFactor4TR 0 6 TP_SLDistance 180 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippag 3 19 44 16 1 24 1 21 64 94 1 29 MaxStopLoss 70 SplitFrctATR 0 5 BiasFactor4TR 0 4 TP_SLDistance 240 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippag 4 29 27 11 1 30 2 66 93 51 1 86 MaxStopLoss 70 SplitFrctATR 1 BiasFactor4TR 0 5 TP_SLDistance 170 Account 6039211 Lots 0
5. 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 77 How Do I Know What My Ultimate Risk Will Be Your ultimate risk is really determined by your position size that is by the number of lots you are trading That is what was missing in the video s narrative You almost never hear anything about position size yet it lies at the very core of your ability to survive and flourish as a trader As pointed out earlier many traders equate risk only with the distance between the stop loss and the entry point or in other words with the number of pips in the stop loss For example if they are trading a mini account and want to risk 50 on a particular trade they might set their stop loss 50 pips from entry However they may then enter the trade with a 2 mini lot position size They don t consider that trading two mini lots means each pip gained or lost will have an approximate value of 2 00 So if they are stopped out they will actually lose S100 or twice as much as they had planned The Magic Formula This formula was held secret and sacred for many years by a group of very successful traders Van Tharp published it and recommended it as a highly effective approach to determining ultimate risk It is the Percent of Balance model Let s assume that you have a mini account with a 2 500 closed trade balance and you want to risk no more than 1 on your next trade The formula for determin
6. To attach the template click on the template s icon in the menu bar and select Autofiringpin 111 1 The template will automatically load the correct indicators a Fo Save Template Load Template Remove Template gt ADX Autohnngpin_111_1 This should trigger the Auto Firing Pin Account Login window to open You ll see a window that looks like this Just enter your first name last name and password that was given to you in the Welcome email And then click OK Auto FX Firing Pin Account Login Auto FA Firing Pin Account Lagin Your account login helps protect both you and us from unauthorized use oft he software or your account You should receve your account login information via email within 24 hours usually less If you dont receive it please contact Group Three LLC at supporti autofxtiringpin com Wii BULO PTI oIn corn First Hame Last Name Password After your credentials have been verified your chart should look something like the illustration below Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 21 EURUSDWH1 14ere2 142873 1 42755 1 42760 i al 7 Pins pili FiringPinLines directional bias indicator green and red diamonds This concludes installation and initial setup You installed the MT4 enabled dll imports and live trading added a new chart used a template to attach AutoFXFiringPin s indicator
7. V Enable alerts I Allow import of external experts I Disable alert once hit Cancel Reset This alert will appear it you either did not enter your trading account number into the EA properties box or you entered it incorrectly NOTE The EA properties box will not Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 60 automatically pop up To access it right click anywhere on the chart select Expert Advisors and click on Properties The popup window will open a Alert x Z rd Fes pert Advisors E M1 MS M15 M30 Hi H4 Di wi MH A Type your account number in the properties popup winde al 3 1 33945 Trading al Properties h Fr l Expert Advisors Remove Indicators List Ctrl l Type your account number in the properties po AY 16 40 52 Num Lots calculated using money management r Objects List Ctrl B B Strategy Tester FB AY 17 42 10 Mum Lots calculated using money management r Peedi p A 17 41 46 Type your account number in the properties po Template 12 42 Bhora labke sl labed urina manman eee coors oh v a ty Rast Refresh If your account number is not present or if it is incorrect as in the case below make the correction and click on OK The alert Num Lots calculated will pop up It has two functions 1 the alert tells you that you are using the auto money manager to determine y
8. l v Allow live trading ie F Gator Oscillator F Ichimoku Kinko Hyo C Ask manual confirmation F MACD l y vo JF Market Facilitation Index v Allow DLL imports je F Momentum C Confirm DLL function calls fa F Money Flow Index F Moving average v Allow extemal experts imports gs F Moving Average of Oscillator F On Balance volume Fan F Parabolic SAR 2 a F Relative Strength Index F Relative Vigor Index be F Standard Deviation eco ra Stochastic Oscillator vE 2008 27 Nov 19 15 28 Nov 03 15 28 Now 11 15 28 Now 19 15 1 Dec 05 30 1 Dec 13 30 1Dec2130 2Dec 0530 2Dec 13 30 2Dec 2130 3Dec 05 30 3Dec 13 30 3Dec 2130 4Dec05 30 4Dec 13 30 4Dec21 30 5 Dec 05 30 Common M SDr M M USDCADm M15 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 19 2 Add a New Chart The default charts for a new MT4 platform are usually EURUSD USDCHF GBPUSD and USDJPY They often appear in a horizontal cascade with four charts in the charting window as in the illustration below To display only one chart at a time either click on the Maximize icon in the upper right corner of a chart or double click on the chart s tab at the bottom of the charting window as illustrated below File View Insert Charts Tools Window Help le p e lt b Sey Gh New Order G Expert Advisors mi ms mis m30 Hi H4 Di wi mN JE 8 Q L lit ee O
9. which would equal 4 for all five pairs together If you are only trading a single currency pair then you could trade it at 4 maximum but we don t advise it For example if your account balance is 5 000 and you want to risk 2 you would enter the number 2 which the EA interprets as 2 A value of 1 5 would equal 1 5 and a Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 53 value of 0 1 would equal 0 1 one tenth of one percent The EA then takes your account balance the percent you want to risk your stop loss pips value and the value of a pip in the currency pair you re trading and calculates your position size Thus if you were trading EURUSD with a 1 risk on a 5 000 mini account with a 53 pip stop loss your position size would automatically be calculated at about 0 91 mini lots a Enter the amount of slippage pips you are willing to accept For example AutoFXFiringPin enters trades at the open of the entry bar If the market is moving fast and there is a higher number of traders participating your order could be delayed and price could move a few ticks past the open before your order is accepted e Slippage is the number of pips beyond the opening price of the entry bar that you are willing to give up to enter a trade The default setting is 3 and we recommend no more than 6 pips Enter the Calibration Parameters Into Your EA For this part of the inp
10. 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 5 Installing Auto FX Firing Pin After downloading and installing your MT4 platform you are ready to download and install the Auto FX Firing Pin EA To do so download the Auto FX Firing Pin Install file from the member s page The Download and Video Training Page may be accessed at any time by going here http autofxfiringpin com autofxmembers 1 Make sure to close your MT4 platform otherwise it won t install 2 Download the FX Firing Pin from Step 3 on the Download Page http autofxfiringoin com autofxmembers You will see something similar to the image below depending on your browser settings Some browsers will allow you to Run the install from here Other browsers will require you to Save the install file on your computer and then run it after download Either way is fine Opening AutoFXFiringPin MT4 exe You have chosen to open SutoFsFiringPin MT4 exe which is a Binary File From https tfautoFsfiringpin cam Would vou like to save this File Sere Click Save File Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 6 3 Choose Where to Save the Install File on Your Computer sack gt D J Search E Fors Folders Address B Ci Documents and Settings melMy Documents 4utoFYFiringFin InstallFile Folders qa AutoFsFiringPin
11. c e 4 For each platform double click on the folder When you do the path will show up under Directory Name purple box and the Files window should be filled with the contents of that folder blue circle Then click OK Select Directory Directory Hame C Program Files K86 FaCh M74 powered by BT Directories fe CN gt Program Files xo6 FaCM MT 4 powered by BT 3 fq config FQ deleted C experts La Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 5 Your first platform will appear in the window If you have more platforms click on Add Path and repeat steps 1 through 5 x Installing Setup has found Meta Trader Installed in 10 folder s Please select the folders you want to install the script ca C Program Files BEF CM MT 4 powered by BT aga tae new Select Directory i Installing Setup has found Meta Trader Installed in 10 folder s Directory Mame Please select the folders you want to install the script C Program Files 86 MGFT MT 4 Powered by BT C Program Files KBE FCM MT 4 powered by BT C Program Files 286 GFT MT 4 Powered by BT Directories Files fe CA i Cleanh anifest but a Program Files 86 See e m nirean ileToCopy txt GFT MT4 Powered by BT FxFPManifest tet _ Temp install log config install ss o
12. value to false Enter general information and preferences into your Trade Manager EA Let s begin with the general entry tasks as there are some settings that you won t often change after you have entered them and we ll show you how to use these general settings to save time in setting up new charts Again to access the FxAutoFiringPin EA properties box when the EA is not attached to a chart go to the Expert Advisors section of the Navigator window usually found on the left side of the charting window Select FxAutoFiringPin xxx at the time of this writing the version is FXAutoFiringPin1 111 and double click The properties box will open as shown below ator x FxAutoFiringPini11_1 E Standard Deviation a F Stochastic Oscillator Common Inputs EE vones zi EE waiems Percent Range as _TITLE_ FrAutoFitingPin v1 11 1 4 Expert Advisors e FxAutoFiringPini 08 hed Account 0 E PAutoFiringPini 10 2 Lots 0 1 FxAutoFiringPini11_1 48 AutoMoneyManage true Common Favartes ad FercentofBalanceRisk 1 0 E Slippage 3 m MaxStopLoss 60 0 Load 23 TakeProfit 240 M SplitFrotATR 0 75 Save Cancel Reset Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 52 To access the properties box after the EA is attached to a chart right click anywhere on the charting window and the menu pictured below will pop up Select Expert Advisors and
13. 1 4 4 4 Eas 1 NOTE When the BiasFactorATR is set to 1 it is not uncommon to see the green Firing Line running through the red directional diamond as in the illustration directly above If that situation occurs don t worry it is normal Stochastic and STC Indicators Data from the interplay between the Stochastic and STC indicators provide the EA with information on both long and short term market direction Together they present a rolling estimate of the market direction on a daily chart while maintaining the shorter term characteristics of hourly price movement Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 63 The AutoFXFiringPin trading methodology subscribes to the old adage The trend is our friend Consequently the combination of these two indicators is ideal for this approach to trading the Forex as we are usually trading in the direction of the dominant trend However there are times when the EA will trade against the trend taking advantage of a retracement or probable change in market direction AutoFXFiringPin Trading Rules Since the EA follows a definite set of rules for determining market direction and either trading with or against the trend we ll take a look at exactly what those rules are NOTE You do NOT need to know the following rules They happen automatically We are supplying them here for those who like to know everything about h
14. 1 JL W O E lR Y A T r EURUSDm Daily 1 43566 1 44473 1 43277 1 44266 b Starting with the time period you will be trading hold down the page up button on c d at e Ma f your keyboard and allow the chart to scroll back as far as you can For Daily and H4 time frames scroll back at least one year Repeat step c for all other time frames below the one you will be using Go back at least 4 months for H1 And go back as far as you can with M30 M15 M5 and M1 But don t be fooled if the scrolling suddenly stops because sometimes there will be a pause as the platform buffers more data If the chart doesn t scroll back after 30 seconds the download for that time frame is complete Also be aware that M1 may only take you back two months but that s all you will need for calibration When ready to move on to the next pair just go to the market watch window click and hold on the new pair and drag it to the chart window There is no need to open a new chart for every pair because when you click and drag a symbol into the charting window the new chart will overwrite the previous one Repeat steps c d and e until you have gone through all of the pairs you are interested in Close and the reopen your MT4 platform Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 28 h To make sure your broker s trade serve
15. 1 PercentofBalanceRisk 1 Slippage o5 0 18 18 1 00 0 01 162 20 3 23 MaxStopLoss 60 SplitFrctATR 1 5 BiasFactor4TR 0 1 TP_SLDistance 190 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippag 6 16 67 16 1 18 1 04 103 55 2 05 MaxStopLoss 110 SplitFrctATR 1 5 BiasFactor4TR 0 1 TP_SLDistance 210 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippa 7 10 28 11 Dls 0 93 94 83 1 89 MaxStopLoss 110 SplitFrctATR 1 25 BiasFactorATR 0 4 TP_SLDistance 170 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slipp as 41 54 10 1 43 4 15 89 45 1 78 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 0 6 TP_SLDistance 220 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 9 49 64 11 1 51 4 51 96 58 1 92 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 0 5 TP_SLDistance 160 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage ization Results Optimization Graph Results Graph Report Journal L Selecting a Calibration Pass Each column in the table can be sorted in ascending or descending order Since you re calibrating for maximum profit you would click on Profit label at the top of that column outlined in blue in the illustration below so that the arrow or triangle to the right of the label points down This places the profit in order from highest to lowest With the Strategy Tester s window at its current size you can easily see the top ten passes which is the area you want to be examining Within the
16. A long trade for a loss of 30 pips one half of the 60 pip initial stop loss 5 A short trade for a gain of 10 pips 6 A short trade for a gain of 10 pips The system 125 net pips from very rough market while keeping us out of most of the sideways movement EURUSDm H1 1 29378 1 29415 1 29230 1 29238 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 74 In this module you learned the trading rules the EA follows and how it determines a breakout You have also seen how the EA handles trades in trending and sideways markets Before trading live we strongly recommend that you practice calibrating your EA several times and that you start trading with a demo account Only after you are satisfied with your demo results should you move on to live trading When you begin live trading start with a small risk perhaps 0 25 per pair up to an aggregate of 1 and then gradually increase the risk as you gain confidence This strategy will save you many a sleepless night You are now almost ready to get started with your trading But before you go on you need to carefully absorb and consider the final module which discusses money management and position sizing It s a very important part of the system so please read it because it is what will keep you in the game If you have any technical questions about the information in this guide please download and read the Technical and
17. Advisor Fx amp utoFiringPin1 11_1 Copyright 2008 2012 Group Three LLC Symbol EURUSDm Euro vs US Dollar 12 1 280 8 085 m Settings Optimization Results Optimization Graph Results Graph Report Journal During calibration you can observe a graph of the process by opening the Optimization Graph tab The default setting is usually a 2D Surface graph that looks like this 40 50 60 70 80 30 100 110 120 Settings Optimization Results Optimiration Graph Results Graph Report Journal However if you press your keyboard s Space bar you will toggle to a line graph of the account balance obtained from each successful calibration pass the tester makes 1 14 20 2 34 40 4 54 60 67 73 80 87 93 100 107 113 120 126 133 140 146 153 160 166 173 1 0 186 1933 199 206 213 219 226 233 239 246 252 259 266 272 279 Settings Optimization Results Optimization Graph Results Graph Report Journal When the first calibration run is finished the progress bar will be filled in and the gray out will be lifted Notice in the lower right corner that this particular run took about one minute and twenty six seconds Expert Advisor FxAutoFiringPint 11_1 Copyright 2008 2012 Group Three LLC Expert properties Symbol EURUSDm Euro vs US Dollar Period H1
18. Balik Y A E Market Watch 22 20 59 ___ x lar Fi EUR a Mis Symbol Bid Ask a g EURCADM i per 225 amp USDIPYm eee GBPUSDm 1 62016 1 62049 4 EURCHFm 05699 Losan USDCADm 0 97437 0 97485 NZDUSDm 0 78015 0 78063 EURGBPm 0 87372 0 87406 EURIPYm 114 412 114 449 SERES TTN ERI ee as pecan pepe a 4 USDCHFm snt Sh aaa AUDCADm Rs EII a r a KE e we aa ee OS haa amp GBPIPYm ASS Gs LR CRY a La Eat A LP A Paes Sea amp CHFIPYm GBPCHFm 1 43258 1 43319 EURAUDm Fx Multi Meter II aj lt FxFiringPiniO BA Custom Indicators E3 ATR E2 Awesome i 1 02330 E2 Bands t Be sess MACDI12 2 0 0014 CCa 114 6435 0 00 pe 158 Bears Mg ee eT FTA GA Bettervolume 1 1 4_TRO_ Bulls B cci CZigZaq 24 AuemOoo 2 EA Daily range z The result will be a single chart in the charting window In this Guide we re going to be working with the EURUSD currency pair on the hourly time frame so we ll need to open a new chart In the upper left corner of the platform is an icon with a green sign Click on the icon to open the New Chart menu Locate and select EURUSD A new chart will appear in the window Make sure the hourly time frame H1 is selected blue circle If not just click on H1 in the time frame menu Your new chart is now in the charting window in its raw form and is ready for t
19. From Yours lam sometimes asked by new members why my results are different from theirs My answer is that there are several factors that contribute to differences in trading results among traders and they include differences in a broker trade server data b trading style aggressive conservative somewhere in the middle c risk tolerance d how often a trader may choose to intervene i e manually adjust stop losses or profit targets manually enter or exit a trade e trading time 24 7 vs specific market sessions or specific times of the day Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 89 RISK WARNING TRADING FOREIGN CURRENCIES IS A CHALLENGING AND POTENTIALLY PROFITABLE OPPORTUNITY FOR EDUCATED AND EXPERIENCED INVESTORS HOWEVER BEFORE DECIDING TO PARTICIPATE IN THE FOREX MARKET YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE MOST IMPORTANTLY DO NOT INVEST MONEY YOU CANNOT AFFORD TO LOSE THERE IS CONSIDERABLE EXPOSURE TO RISK IN ANY FOREIGN EXCHANGE TRANSACTION ANY TRANSACTION INVOLVING CURRENCIES INVOLVES RISKS INCLUDING BUT NOT LIMITED TO THE POTENTIAL FOR CHANGING POLITICAL AND OR ECONOMIC CONDITIONS THAT MAY SUBSTANTIALLY AFFECT THE PRICE OR LIQUIDITY OF A CURRENCY FOR EXAMPLE TRADING THE VOLATILITY CREATED DURING THE RELEASE OF HIGH AND MEDIUM IMPACT ECONOMIC REPORTS PRESENTS EXCEPTIONAL OPPORTUNITIES FOR PR
20. Journal After checking the optimization box press the Strategy Tester s Start button to continue the calibration session Again when the Tester begins its run it will gray the window out with the exception of the lower right and left corners Notice that the Tester is again working with 1280 permutations during this calibration run and that the calibration run is estimated to last three minutes and fifteen seconds Expert Advisor Fx4utoFiringPin 11_1 Copyright 2008 2012 Group Three LLC Expert properties Symbol EURUSDm Euro vs US Dollar Period h1 z Symbol properties Model Control points a very crude method based on the nearest less timeframe the results must not be considered Optimization Open chart Use date v From 2017 12 04 z To 2011 1218 v Modify expert Visual mode it Skip to f2o1201 09 gt 13 1 280 8 316 0 00 02 7 0 03 15 E Settings Optimization Results Optimization Graph Results Graph Report Journal When the run is completed open the Optimization Results tab to access the calibration data table Sort the Profit column from highest to lowest by clicking on the Profit label until the arrow points downward Then select the pass with highest profit value In this case it is pass 240 In the inputs column you ll see the calibrated values for SplitFrctATR TP_SLDistance NSt1 and NSt2 which
21. M OPEN_BUY_NOW 18 M OPEN_SELL_NOW false false 19 Cancel Reset Under normal conditions the seven parameters outlined in purple are the only ones you will be calibrating We will show you later what to do in the rare case that a calibration session yields no results Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 34 PLEASE NOTE During the calibration process IF A VARIABLE BOX IS CHECKED the Strategy Tester EA will use every possible combination of Start Step and Stop values and will ignore any numbers in the Value column for that variable Conversely if a variable box is NOT checked the Strategy Tester EA will use the parameter setting in the Value column and will ignore any Start Step and Stop values for that variable 9 MaxStopLoss This is your initial stop loss parameter in pips The Start value can be anywhere between 40 and 60 pips A lower Start value will produce higher profit with a lower win rate while a higher Start value will yield a lower profit with a higher win rate We recommend starting at 60 pips with a step of 10 pips and a stop value of 120 pips The tester will evaluate initial stop loss values 60 70 120 in combination with all of the other parameters NOTE As you move through the calibration procedure be sure that you check the boxes next to the variables you are calibrating Otherwise only the number in the Value cell
22. MTH exe fi My Documents sea SutoFsFiringPin MT4 Setup ee ta Group Three LLC cy Act IO InstallFile 9 AutoF FiringPin 4 Navigate to where you downloaded the program and double click on the FXFiringPin MT4 exe file and the installation will begin LatestinstallFile File Edit wiew Favorites Tools Help Qa O P A soro E roses E Folders x in FiringPinSourceCode FromkenSr boFlorin A 3 InstallfromFlorint LatestInstallFile IS Screenshots Testing Reports 2 Untag Uninstall lal FxFiringPin MT4 exe i FxFiringPin MT 4 Setup z Quantum Futures Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 7 5 If you get the standard warning alert just ignore it and click Run The software is virus free Open File Security Warning The publisher could not be vernfied Are you sure you want to run this software EA Hame Autor FiringPin MT4 exe Publisher Unknown Publisher Type Application From C Documents and Settings OwneriMy Documents Always ask before opening this file publisher ou should only run software from publishers you trast x Thiz fle does not have a valid digital signature that venties its How can decide what software bo rrr 6 You should see the window below Click Next 5 Setup AutoFXFirinePin MT4 Welcome to the AUtoFXEFiringPin MT4 Setup Wizard
23. The properties box will pop up x Standard Deviation Stochastic Oscillator Volumes u F Williams Percent Range E Expert Advisors Se FxAutoFiringPin108 FxAutoFiringPin 10 FxAutoFiringPinlt1_1 Common Fayortes FxrAutoFiringPiniil 1 Common Inputs This is where you enter your trading account number from a your broker Value jab _TITLE_ FrAutoFiringeieertT1 1 _ _ FA Account i If you are manually determining your position size enter it f Lots T here and set AutoMoneyManage to false zi AutoM oney Manage true a iy i PercertofBalenceFisk a et AutoMoneyManage to true if you want the EA to ECEN 4laniceni sy a T calculate the correct position size based on the percentage of ssi your account balance you are willing to risk 1 is the vel MaxStopLoss 60 0 default 23 TakeProfit 240 v SolitFrot amp T A 0 75 Enter the maximum slippage you are willing to accept The default is 3 pips Enter the stop loss value from your calibration results here FxAutoFiringPiniil 1 Common Inputs Leave the profit target at its default setting Value lt Enter the SplitFrctATR using the calibrated value M MaxStopLoss 60 0 nter the BiasFactorATR value from your calibration results ea TakeProfit 240 T M SplitFrctATA 0 75 T Bi Enter the TP_SLDistance value from your calibration results Ve BiasFacton4T A 0 5 fea TP_SLDistance 120 nore ab _Stochastic
24. This will install AutoFHMF inmgPin h TA on your computer Itis recommended that you close all other applications before continuing Click Hest to continue or Cancel to exit Setup Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 7 Click Install i Setup AutoFXFirinePin MT4 Heady to Install Setup is now ready to begin installing AutoFsFinngPin MT 4 on your computer Click Install to continue with the installation or click Back if you want to review or change any settings Destination location C Program Files 4uboFFirngPin h T 4 8 The install will now search out all MT4 platforms you ve installed on your computer Some folks only use one MT4 platform Others use multiple Either way it will find them and give you the option of which ones to install them on just one all or any combination Installing Looking in c program fleas Magic Safat mm Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 9 Here s where you can choose which MT4 platforms you d like to install Auto FX Firing Pin By default all are checked Whatever is checked will be installed Uncheck any MT4 platforms you do NOT want to install FX Firing Pin on Then click Next Installing fx Setup has found Meta Trader Installed in folder s Flease select the folders you wan
25. You should see that the BiasFactorATR TP_SLDistance NSt1 and NSt2 values match your calibrated values In this case they are 1 130 78 and 52 respectively M SplitFretAT A w Biast actor M BiasFactow47A 1 M TP_SLDistance 240 P _StochasticeSettings_ gt XK 0 i F NSH 78 I Note 79 T TimeframeMinutes This finishes Step Two re calibrating BiasFactorATR and TP_SLDistance parameters and calibrating the NSt1 and NSt2 parameters Entering your calibration results into the trading EA Leave Tester EA open and make note of all of the settings for this calibration session r _ Variable _ Setting V MaxStopLoss 60 _ _ TakeProfit 240 _ CAE in E E AE e a MaxStopLoss TakeProfit SplitFrctTR M BiasFactons Th I TF SLDistance P _StochasticsS ettings_ M NSH E Note V TP siDistance 130 vinsta B Cancel Reset After jotting down the parameters access your AutoFXFiringPin EA If the EA is already attached to the chart access it by right clicking anywhere on the charting area selecting Expert Advisors from the menu and then clicking on Properties T rading Common Inputs Value ab TITLE Fz utoFiringPin v1 11 1 h y FxAutoFiringPin111_1 KHE Indicators List Ctrl E remo F Account 0 Y Lots 0 1 oe ee sia Strategy Tester FE ZA AutoMoneyManage true E va PercentofB alanceRisk 1 0 Penodicity F Sippage Template ve MaxStopLoss 60 0 Lo
26. as the Stochastic is below the signal line and the STC fell below 75 and went flat at the bottom of the scale Under those conditions setting up for short trades only offers a high probability of success Trading against the direction of the trend This strategy takes advantage of changes in market direction or possible retracements 1 Trade long if e the Stochastic line is above the signal line AND o the STC is flat near the bottom of the scale Stochastic above signal line 898282 STC flat at bottom of scale When the STC is flat near the bottom of the scale and the Stochastic is above the signal line it is an indication of a possible retracement or an early warning of a change in direction Since retracements can be rather short lived the EA will cut the profit target in half Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 65 2 Trade short if e the Stochastic line is below the signal line AND o the STC is flat near the top of the scale When the STC is flat near the top of the scale and the Stochastic is below the signal line it is an indication of a possible retracement or an early warning of a change in direction Since retracements can be rather short lived the EA will cut the profit target in half I ls a si iat n 1 STC flat at top of scale The table below recaps the rules the EA uses Trade with the trend Trade against the trend Long the Stocha
27. beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 2 Go back to C double click on it select Directory Directory Mame Ly Directories Fills 0 Fa bin Ga cha0ebs20S5acbbrsbadtrb4tcht fq Documents and Settings fa EPSONREG Fa Fujitsu ne Drives 7 lc 3 Scroll through the list and locate the platform folder Installing x Setup was nnt ahle ko fied Meta Trader installed nn noir ranni iker Please ch PAGA Director Hame Ei Directories Files ASPNET_hash pwd ASPNET_user_into gs CA Gq SdcS5rsersbecfl Bedbbhl 75e37 5 Distributive fq Documents and Settings Inetoub file rez a a lism ditt xl erbank F 1 Click Drives Ei aj o e 4 Double click on the folder to open it The folder s name should appear under Directory Name and a list of the folder s content should appear in the Files window Installing Setup Was nnt able to find Meta Trader installed an unir ennmi iker Please ch Etomite ES Directory Mame C Mnterbank Fs _ 1 Click Directories Cleanblanitest tat DDE Sample xls File T oCopy bet IBF Calendar exe Aa Fy Temp E contig install log Fa deleted LastlnstallLog bat E experts beast dll Fa history Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 5 Your first platfor
28. ettings_ HSH lt gt SR NSt lt gt ZD Slowing hel TP SLDistance e a BaN hed TimeFrameMinutes 60 zave That s it You are now set up and ready for the trading week IMPORTANT The calibration process described above should be repeated at least once every two weeks using a two week calibration window for each pair you are trading This is what keeps the EA tuned up and running properly Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 44 Also before calibrating another pair make sure to set the Tester EA s parameters back to their default settings Below is the setup table with the default and Start Step and Stop values needed for calibration Initial Calibration Table Variable Default Start Step Stop V MaxStopLoss 60 60 10 120 _ TakeProfit 240 70 10 240 V BiasFactorATR 0 5 0 0 0 10 1 _ What to do in the rare event that a calibration session yields no passes Once in a great while you may have a calibration session that gives you zero results as shown in the illustration below Settings Optimization Results Optimization Graph Results Graph Report Journa If that happens check the following first as they are the most common reasons for zero results a open your Tester Journal tab If you see the following Time Message Ss 2011 12 02 19 15 19 There were 1 passes done during
29. for this run are 1 130 78 and 52 respectively Pas lt lt Proft sv Total trades Profit factor Expected Payoff Drawdown Drawdown Inputs lt 6 6 56 23 06 56 10 1 08 BiasFactorATR 1 TP_SLDistance 130 NSt1 78 NSt2 52 Account 603921 1 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLoss 111 138 36 6 6 56 23 06 56 10 1 OB BIasPactura et Te LD stal te lott Mette fete o eo eCCoUnt 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLoss 338 138 16 6 6 55 23 03 60 68 1 17 BiasFactorATR 1 TP_SLDistance 130 NSt1 65 NSt2 52 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLoss 315 138 15 3 5 26 17 27 54 16 1 08 BiasFactorATR 0 8 TP_SLDistance 130 NSt1 13 NSt2 13 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLo 295 138 15 3 5 26 17 27 54 16 1 08 BiasFactor TR 0 9 TP_SLDistance 130 NSt1 13 NSt2 13 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLo 301 130 05 3 5 01 16 26 54 16 1 08 BiasFactorATR 0 9 TP_SLDistance 120 NSt1 13 NSt2 13 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLo 231 130 05 3 5 01 16 26 54 16 1 08 BiasFactor4TR 0 8 TP_SLDistance 120 NSt1 13 NSt2 13 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLo 323 129 95 6 6 22 21 66 55 62 1 07 BiasFactor4TR 1 TP_SLDistance 120 NSti 78 NSt2 52 Account 6039211 Lots 0 1 PercentofBalanceRi
30. highest profit producing results select the FIRST the topmost pass If you only have one pass use it In the example below Pass 220 is the number one data set so we ll use that one as the basis for the second half of the calibration session Total trades Profit Factor Expected Payoff Drawdown Drawdown D 122 16 3 48 15 27 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 1 TP_SLDistance 130 Mccount 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 262 113 75 8 3 31 14 22 55 62 1 08 MaxStopLoss 60 SplitFrctATR 1 BiasFactorATR 1 TP_SLDistance 120 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 213 107 30 Le 2 10 8 25 96 56 1 92 MaxStopLoss 60 SplitFrct4TR 1 BiasFactor4TR 0 5 TP_SLDistance 50 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 130 106 93 13 1 87 8 23 96 58 1 92 MaxStopLoss 60 SplitFrctATR 1 BiasFactorATR 0 5 TP_SLDistance 60 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 80 106 04 15 1 81 7 07 96 58 1 92 MaxStopLoss 60 SplitFrctATR 1 BiasFactorATR 0 4 TP_SLDistance 60 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage D 149 105 65 3 3 15 13 21 55 62 1 08 MaxStopLoss 60 SplitFrctATR 1 BiasFactorATR 1 TP_SLDistance 110 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 268 105 08 3 2 83 13 14 76 14 1 51 MaxStopLoss 60 SplitFrctATR 1 25 BiasFactor4TR 1 TP_SLDistance 130 Account 6039211 Lots 0 1 P
31. is not recommended as it is time consuming and can lead to frustration over missed opportunities Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 18 If you check Confirm DLL Function Calls a confirmation box will pop up every time the FXAutoFiringPin EA accesses the DLL We also do not recommend this as it is not only irritating but it can also interrupt the EA s work until you confirm It s best not to check those two boxes When finished click OK Enabling dll imports and live trading File View Insert Charts Tools Window Help o X ey hy lt gt Gay ff Gh New Order F3 dvisors mi ms ms mo Hi He bi wi mwi A WK goire Tk Ge Aik 8B a it Market ee re History Center Coo k Symbol Bid j l EURUSDm 1 2602 90 Global Variables F3 USDIPYm 92 26 D MetaQuotes Language Editor F4 GBPLISDm 1 4668 amp Options Chie USDCHFm 1 2109 Ti2riJ USDCADm 1 2837 1 2842 AUDUSDm 0 6422 0 6427 razet NZDUSDM 0 5303 0 5308 Optio ns EURGBPm 0 8650 0 8653 P EURJPYm 117 06 117 15 Server Charts Objects Trade Expert Advisors Email Publisher Events EURCHFm 1 5369 1 5373 4 CHFIPYm 76 16 76 23 A NZDIPYm 48 90 49 02 Enable Expert Advisors except for Custom Indicators and Scripts 0 6420 0 6430 ia Disable experts when the account has been changed ymbols 3 Disable experts when the profile has been changed Fractals f
32. optimization 1 results have been discarded as insignificant Os 2011 12 02 19 15 19 Fx 4utoFiringPini11_ 1 optimization stopped OS 2011 12 02 19 15 18 Fx 4utoFiringPint11_1 optimization started Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 45 e Open your Tester EA and make sure you have entered your account number correctly FxAutoFiringPini11i_1 fod Ea Testing Inputs Optimization e Make sure your Expert Advisors button is turned on 5 Fille View Inset Charts Tools Window Help he lee TE i Eh New Order CEB Expert Advisors D Expert Advisors e Make sure you have allowed live trading AND dll imports r 4 EURUSDm H1 Options Tx Teck Window Help Server Charts Objects Trade Expert Advisors Email Publisher Events ZE New Order FY V Enable Expert Advisors except for Custom Indicators and Scripts istor Center Fi Klobal ariables F3 IV Disable experts when the account has been changed IV Disable experts when the profile has been changed etal uotes Language Editor F4 M Allow live trading E Options I Ask manual confirmation Ctrl O Confirm DLL function calls JV Allow external experts imports Cancel Help If everything above checks out and you still obtain no results 1 Reopen the Strategy Tester EA and check the boxes for MaxStopLoss SplitFrctATR Bia
33. set to true you can actually set your stop loss to 100 pips without changing in any way your ultimate risk Here s why Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 79 Assuming a EURUSD trade with a 2 500 mini account and a 1 risk factor your ultimate risk will be 25 In terms of a 50 pip stop loss your position size would be 0 5 lots Your 100 pip stop loss at dollar risk of 1 of your account balance would be 0 25 lots So you can still take the trade at 100 pips because your dollar risk doesn t change Another important aspect of the Percent of Balance model is that as your account grows in SIZE your position SIZE increases which influences the SIZE of your profits Best of all you always have peace of mind in knowing what your ultimate risk on any trade really is NOTE We recommend that you risk no more than 1 of your account balance on any one trade and no more than 4 in the aggregate for all the pairs you are trading For example if you are trading five currency pairs then we recommend setting your PercentofBalanceRisk parameter to 0 8 for each pair Also when you begin trading live with real money start out risking 0 25 for any one pair and 1 in the aggregate for all trades This is a good way to break into live trading because you can learn to control your emotions follow your plan and avoid the temptation to tweak the system while still being able
34. site should not be construed as an endorsement or recommendation Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 4 Download a Free MT4 Platform if you don t already have it You must have an MT4 demo or live account to use these indicators You can open a free demo account with any Forex broker offering the MT4 platform You can do a Google search using the phrase MT4 Brokers List Because of important inconsistencies in price data we recommended you download the MT4 platform from a broker instead of downloading a demo MT4 platform from MetaQuotes developers of the MT4 platform This way you ll get real market data to practice with instead of data that has been aggregated and approximated This makes a big difference in the results you will see in demo trading We use Interbank FX among several others You may download a free Mt4 platform from them below However keep in mind we have no relationship with Interbank and do not consider this as a recommendation to use their services It is up to each individual to do their own research and due diligence to determine the best broker for themselves We receive no compensation from Interbank for providing you this download link We provide it to you for convenience purposes only htto www ibfx com Platform Forex Trading Platform Make sure you use Metatrader 4 NOT 5 as these indicators will only work with 4 Copyright
35. that follow you may wish to increase the a page magnification to 150 or select Page Width from the magnification window Text Width Whole Page Two Pages Since you will be using the EA within the MT4 s Strategy Tester to do the calibration we ll divide the process into two parts 1 In Part 1 we ll set up the Strategy Tester and 2 In Part 2 we ll set up the EA Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 3 Part 1 Setting up the Strategy Tester To set up the strategy tester follow the steps below Note that we will be proceeding through the steps in a counter clockwise direction The numbers on the illustration correspond to the numbers in the list of steps 1 Expert Advisor FxdutoFiringPin 11_1 Copyright 2008 2012 Group Three LLC Expert properties 2 gt Symbol JEURUSDm Euro vs US Dollar 6 gt Period H1 x E Symbol properties 3 PP Model Control points a very crude method based on the nearest less timeframe the results must not be considered 5 gt Optimization C Open chart o Modify expert 1 Select the current version of FXAutoFiringPin from the Expert Advisor drop down box 2 Select the currency pair you want to calibrate from the Symbol box In this example the pair is EURUSD 3 For Model select Control Points Contrary to the notation control points yi
36. the StartEntryTime set to 08 00 00 GMT and the EndEntryTime set to 16 59 59 GMT These times encompass the London session from beginning to end as well as the first half of the New York session 18 0pen_Buy_Now Open_Sell_ Now lgnore for now Their use will be explained later in the Guide 19 Press the OK button to close the EA properties box Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 36 For your convenience the table below recaps the settings necessary for proper calibration The variables with the green check marks should also be checked in the Strategy Tester EA in the sequence we ll outline In Module 3 Initial Calibration Table Variable Default Start Step Stop V MaxStopLoss 60 60 10 120 V SplitFrctATR_ 0 75 0 5 0 25 1 5 V BiasFactorATR 0 5 0 0 0 10 1 VTP SiDistance 120 40 10 1240 VINS 738 13 18378 Now that your Strategy Tester and EA are set up for calibration you are ready for Module 3 Calibrating your EA to your broker s data If you have any technical questions about the information in this guide please download and read the Technical and Trouble Shooting FAQ http autofxfiringpin com autofxmembers Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 37 Module 3 Calibrating your EA to Your Broker s Data After setting up the Strategy Tester and ent
37. trading mini lots and since one pip for a full mini lot is worth 1 00 your position is equal to 1 33 per pip This means that your ultimate risk is your position size multiplied by your stop loss pips times 1 00 the value of a full mini pip or 1 33 47 1 00 which equals 62 51 So now you know that if your stop loss is hit you will be losing 62 51 your ultimate risk With the magic formula you now know what your ultimate risk will be what your initial stop loss will be and when to take profit Again knowing your ultimate risk and knowing that you are the one who controls it leads to peace of mind Since you have the advantage of the FX Auto Firing Pin system you don t have to go through all of the calculations The system does it for you automatically All you do is decide on the percent of your balance you are comfortable risking on a trade We recommend 1 max per trade and 4 combined max on all charts The AutoMoneyManage feature automatically calculates your position size based on your stop loss your account balance and the pip value Powerful Model The Percent of Balance money management and position sizing model is extremely powerful because it is flexible For example going back to a question in an earlier scenario But what if the probability for a handsome profit is higher if your stop loss is 100 pips rather than 50 pips If you go for it you re now risking 100 per lot With AutoMoneyManage
38. will be evaluated the Start Step and Stop values will be ignored 10 TakeProfit This is your profit target in pips We recommend leaving it at its maximum value of 240 since it will be working in concert with the adaptive profit target Should there be a need to calibrate the profit target the Start Step and Stop values should be set at 70 10 and 240 pips respectively 11 SplitFrctATR This parameter determines the first profit protection level It is the number of ATRs price must reach before the stop loss jumps to protect the initial profit So if the ATR at any given point is say 24 and the SplitFrctATR value is 1 then the first profit protection level will be 1 0 24 or 24 pips from entry We recommend Starting at 0 5 with a step of 0 25 and a stop value of 1 5 12 BiasFactorATR This parameter modifies the position of the Firing Lines channel by a percentage of the channel s width in the direction of the overall long term trend We recommend starting at 0 0 with a step of 0 1 and a stop value of 1 13 TP_SLDistance This is the adaptive profit target After a trade is opened and the stop loss is into profit the profit target will move to a position n pips away from the stop loss For example if the value being used is 120 pips as the stop loss moves into positive territory the profit target will move to a position 120 pips from the stop loss and will then move in concert with the stop loss This will offer the o
39. AMOUNT FAR PAST YOUR REQUESTED ORDER RATE IN AN EXTREMELY FAST MOVING MARKET YOU MAY ALSO EXPERIENCE A DELAY OF 10 TO 15 SECONDS BEFORE YOUR ORDER IS FILLED FURTHERMORE POWER OUTAGES LOSS OF DATA FEED OR UNCONTROLLED INTERNET CONDITIONS COULD CAUSE TERMINATION OF EXPERT ADVISOR FUNCTIONS BY DOWNLOADING THE SOFTWARE YOU AGREE THAT GROUP THREE IS NOT RESPONSIBLE FOR ANY CONSEQUENCES FINANCIAL OR OTHERWISE THAT MAY RESULT FROM YOUR USE OF THE AUTOFXFIRINGPIN SOFTWARE IT IS STRONGLY RECOMMENDED THAT YOU SUPERVISE THE EXPERT ADVISOR ON A REGULAR BASIS Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 3 Introduction Expectations 5 7 trades per week per currency pair The market spends a lot of its time moving sideways under range bound conditions And as traders the only information we have at our disposal when we are at the hard right edge of the chart derives from market history Thus at any given time we have no way of knowing for sure whether the market will continue moving sideways or whether it will break out of the trading range All we can do is make inferences based on the information at hand As a result of the uncertainty following a breakout we have enhanced AutoFXFiringPin s ability to trade even when the market is moving sideways And trading when the market is range bound requires a special set of algorithms that reduce the chances of taking a hit at the full stop l
40. Auto FX Firing Pin Quick Start Guide gt A SSS gt t 3 FX Firing Pin 3 jg ee E EU aaa JPY CN LLC group Thre Sinco a acO N ry hat ey win www AutoFXxXFiringPin com Support AutoFXxXFiringPin com GROUP THREE LLC 723 South Casino Center Boulevard 2 Floor Las Vegas NV 89101 Jan 9 2012 To Whom It May Concern LIMITED LICENSE TO COPY Group Three LLC grants the bearer of this document user limited non exclusive license to make one physical printed copy of its user s manual AutoFXFiringPin for the MetaTrader4 Quick Start Guide contained herein and downloaded from its Website www autofxfiringpin com including graphs charts and other illustrations for the user s personal use No other rights or ownership are granted herein and user by making the single copy granted herein acknowledges that he she may not reproduce or distribute the above referenced document in any manner or by any means Group Three certifies that no other individual or parties hold copyright interest in the work described above that it holds all rights to AutoFXFiringPin for the MetaTrader4 Quick Start Guide and that it is authorized to grant this license Group Three LLC Support AutoFXxXFiringPin com Notice to copy centers Should you have any questions please contact us at the email address above Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 2
41. E AUTOFXFIRINGPIN SOFTWARE YOU ACKNOWLEDGE THAT IT IS A PROGRAM AND THAT IT EXECUTES TRADING ORDERS ACCORDING TO SIGNALS THAT ARE GENERATED FROM THE DATA PROVIDED VIA YOUR BROKER S PLATFORM ACTUAL CONDITIONS WHILE TRADING A LIVE ACCOUNT WITH REAL MONEY CAN BE VERY DIFFERENT FROM THOSE EXPERIENCED IN A DEMO ACCOUNT FOR EXAMPLE IN A LIVE ACCOUNT THERE MAY BE TIMES WHEN YOU WILL EXPERIENCE SLIPPAGE IN THE FORM OF A GAP BETWEEN THE PREVIOUS BID AND THE CURRENT BID THAT MAY NOT BE ACCURATELY REFLECTED IN A DEMO ACCOUNT OR IN HYPOTHETICAL RESULTS THIS IS ESPECIALLY TRUE WHEN THE MARKET IS MOVING FAST DUE TO HIGH VOLATILITY THUS YOUR ORDER MAY BE FILLED AT AN AMOUNT FAR PAST YOUR REQUESTED ORDER RATE IN AN EXTREMELY FAST MOVING MARKET YOU MAY ALSO EXPERIENCE A DELAY OF 10 TO 15 SECONDS BEFORE YOUR ORDER IS FILLED FURTHERMORE POWER OUTAGES LOSS OF DATA FEED OR UNCONTROLLED INTERNET CONDITIONS COULD CAUSE TERMINATION OF EXPERT ADVISOR FUNCTIONS BY DOWNLOADING THE SOFTWARE YOU AGREE THAT GROUP THREE IS NOT RESPONSIBLE FOR ANY CONSEQUENCES FINANCIAL OR OTHERWISE THAT MAY RESULT FROM YOUR USE OF THE AUTOFXFIRINGPIN SOFTWARE IT IS STRONGLY RECOMMENDED THAT YOU SUPERVISE THE EXPERT ADVISOR ON A REGULAR BASIS Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 83
42. Finish to exit Setup Important Note You will need your license info that we sent you via email within 24 hours of your purchase usually within hours during regular business days before you are able to proceed with a working copy of the software In the steps ahead we re going first enable your MT4 to allow live trading and dll imports Then we ll open a new chart and attach the Auto FX Firing Pin Template which will trigger the license activation You will only need to activate your license the first time you use the system after installation Initial MT4 Setup 1 Enable DLL Imports and Live Trading When you first open up your MT4 platform or when you add a new chart the charts will look something like the one below It doesn t matter whether your account is live or demo AutoFXFiringPin and its accompanying indicators will not operate until you enable live trading and allow DLL imports DO NOT SKIP THIS STEP Doing so will disable the EA and indicators and calibration will be impossible To get started click on the Tools menu and select Options After the Options dialog box opens select the Expert Advisors tab Check the three boxes associated with Enable Expert Advisors check Allow Live Trading check Allow DLL Imports and check Allow External Experts Imports If you check Ask Manual Confirmation under Allow live trading your trading will be interrupted until you manually confirm you want to take a trade This
43. FxAutoFiringPin wi Red Line 1 2044 Green Line 1 2057 ATE 13 Spread 2 2 nits D S D a a 1 D a a T E i A T T o d bT B EURUSOmoH1 1 30399 130720 1 30393 1 50604 C ii i Mum Lots L 0 83 5 0 53 1 30110 1 29925 1 29735 129550 1 29360 1 29175 1 235990 100 55 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 70 Although the STC is still flat against the top of the scale Illustration D shows another possible setup bar this time to the down side as the Stochastic is below its signal line This divergence is an indication of either a price correction retracement or a change in overall direction In Illustration E we see that the setup bar closed below the red line and a short position was opened The circle encompasses the newly opened current bar Note that at this point the stop loss is at its full 60 pip initial position The responsiveness of the stop loss movement is demonstrated in Illustration F where we see the stop loss has jumped from its initial position of 60 pips to a point 30 pips from the entry price This strategy prevents a trade from hitting the full stop loss should the market turn against a position 1 30670 E 1 30670 D l keti SPE O z 1 30110 After entry and after the stop loss moves to half its initial size the information in the upper left corner changes to indicate the approximate price at which the fir
44. L NOW to true Click OK The money management alert will pop up Click OK FrAuLoFiringPinlO E Alert Ei Ed Common Inputs ariabl Value A Num Lots calculated using money management l 423 TrailSwitch 1 ab _Trailing_Speed_ 0 lt gt Slow 1 lt gt Medium 2 lt gt Fast 423 TrailSpeed 0 423 TimeFrameMinutes 60 E StartEntryTime 00 00 00 ab L Ende ntry Tine YA oren BLY Now A OPEN_BUY_NOW ZA OPEN_SELL_NOW pe ss oe ote ne Long Trade SET UP OY 03 57 59 Doublecheck amp Reenter S R values Dy 23 35 41 Mum Lots calculated using money management r 23 18 40 Mum Lots calculated using money management r Y EE NE ie Rite eke a a ee eee It will take one tick to enter your order one tick for the order to execute and one tick to generate the following alert A Alert Ei Ed LA Warning OPEN _BUY_NOW is ON sl A 03 57 59 Warning OPEN_ BUY_NOW is ON A 03 57 59 Doublecheck amp Reenter S R values A 23 35 41 Mum Lots calculated using money management r OY 23 18 40 Mum Lots calculated using money management r Y EE NE r Rice E EEA E EREA A E E E E Se NR DO NOT IGNORE THIS WARNING As soon as it pops up open your EA properties box reset OPEN_BUY_NOW or OPEN_SELL_NOW to false and click OK If you do not follow this procedure the EA will continue to open buy or sell orders as soon as the last one closes It will do this until your accou
45. N gt yee 1 27050 1 26630 AutoFiringPinLines directional bias indicator red and green diamonds 1 26210 1 25800 ach 78 52 2 53 9881 44 0736 Schaff Trend Cycle 26 78 780 99 2942 100 Stochastics The illustrations below describe the information found upper left and right hand corners of the chart EURUSOm H1 1 27652 1 27938 127836 1 27931 Line 1 Currency pair and Open High Low Close data wersion FxAutoFinngPin wi 11 1 Line 2 FXAutoFiringPin version Red Line 1 2787 Green Line 1 2802 ATE 15 Spread 2 Init SL 60 Proft Target 240 Active Mur Lots L 0 05 S 0 05 Line 3 Current value for Red and Green Firing Lines current alue of Average True Range ATR value of the current spread Line 4 Initial Stop Loss in pips Profit Target in pips Active 1 means the Trade Manager EA is actively seeking trading opportunities Active 0 means that the EA is not seeking trading opportunities If you have trading hours set to other than 00 00 00 to 23 59 59 you will see Active 0 during the off hours Line 6 Number of lots per position is based on current parameters A Smiley Face indicates that the Auto Firing Pin program itself has no operating problems However you can have a Smiley Face and still not have entered the correct trading parameters includina transposina the numbers when enterina Fr utoFiingPiniii_1 63 ind beyond Group Three 56 Create a Preset File for You
46. OFITS LIKEWISE TRADING IN TIMES OF HIGH VOLATILITY ALSO INCREASES YOUR POTENTIAL RISK TO ILLUSTRATE THERE MAY BE TIMES WHEN YOU WILL EXPERIENCE SLIPPAGE IN THE FORM OF A GAP BETWEEN THE PREVIOUS BID AND THE CURRENT BID THIS IS ESPECIALLY TRUE WHEN THE MARKET IS MOVING FAST DUE TO HIGH VOLATILITY THUS YOUR ORDER MAY BE FILLED AT AN AMOUNT FAR PAST YOUR REQUESTED ORDER RATE IN AN EXTREMELY FAST MOVING MARKET YOU MAY ALSO EXPERIENCE A DELAY OF 10 TO 15 SECONDS BEFORE YOUR ORDER IS FILLED IT IS POSSIBLE THAT YOU COULD LOSE MOST OR ALL OF THE FUNDS IN YOUR TRADING ACCOUNT THEREFORE DO NOT TRADE WITH MONEY YOU CANNOT AFFORD TO LOSE MOREOVER THE LEVERAGED NATURE OF FX TRADING MEANS THAT ANY MARKET MOVEMENT WILL HAVE AN EQUALLY PROPORTIONAL EFFECT ON YOUR DEPOSITED FUNDS THIS MAY WORK AGAINST YOU AS WELL AS FOR YOU THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A TOTAL LOSS OF INITIAL MARGIN FUNDS AND BE REQUIRED TO DEPOSIT ADDITIONAL FUNDS TO MAINTAIN YOUR POSITION IF YOU FAIL TO MEET ANY MARGIN CALL WITHIN THE TIME PRESCRIBED YOUR POSITION WILL BE LIQUIDATED AND YOU WILL BE RESPONSIBLE FOR ANY RESULTING LOSSES INVESTORS MAY LOWER THEIR EXPOSURE TO RISK BY EMPLOYING RISK REDUCING STRATEGIES SUCH AS STOP LOSS OR LIMIT ORDERS AUTOTRADER DISCLAIMER WHILE EVERY EFFORT HAS BEEN MADE TO ASSURE THAT THE AUTOFXFIRINGPIN EXPERT ADVISOR WILL PERFORM AS INTENDED THE USER ASSUMES ALL RISK FOR ITS USE BY DOWNLOADING THIS USER S GUIDE AND OR TH
47. Opo 44140 117599 E Accelerator Oscillator BS 1 Hour H1 e GF Accumulation Distribution obo h 4 Hours H4 CA on z 22 Jun 2011 23 Jun 06 00 23 Jun 14 00 2 fi Daily D1 43336 129110 Le WMaabls fae 4536AN 125820 Z Download amp dd Edit Delete Export Import Close This should tell you right away that the results you obtain won t reflect those you get from using the data acquired directly from your broker s trade server So you don t want to use MetaQuotes historical data Liquidity providers An additional imperfection in the data and one that is not taken seriously enough is that every broker has different liquidity providers banks and other large financial institutions from which they derive their prices This is part of the reason why an EA that works well on the developer s MT4 platform may not work at all on other broker platforms Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 26 Algorithms Not only that but each broker has different price filtering and parsing algorithms As a result the price data will vary from broker to broker Thus it is possible for trading performance to vary from broker to broker as well UNLESS your trading system is calibrated to your broker s live data on a regular basis So before calibrating your EA or conducting any backtesting on the MT4 s Strategy Tester you should regularly download all of th
48. RCHFm 1 20376 1 20 Ctrl 0 AUDUS DM 06655 Smatrana E O02 Ea EEr E eae E E AauDUSDm 2011 06 28 00 00 1 43103 1 43962 1 42364 1 43565 120243 EOS Gente Maoa E CADJIPYm 2011 06 27 00 00 1 41536 1 43285 1 41018 1 43103 119387 NZDUSDm 0 82286 0 82330 CEN 2011 06 26 00 00 1 42104 1 42150 1 41458 1 41536 4039 E EURAUD EURGEPm 0 89603 0 89835 ill Er os 2011 06 24 00 00 1 42606 1 43052 1 41410 1 41800 123851 m EURJPYm 116 663 116 705 ji i a ene 2011 06 23 00 00 1 43297 1 43324 1 41256 1 42607 134555 USDCHFm 0 83469 0 63500 il g o E EURDKKM 2011 06 22 00 00 1 43760 1 44409 1 43093 1 43298 123907 AUDCADm 1 03456 1 03505 E3 ELIRGBPm Download Warning Fix 43760 122098 ymbols TickChart E EURJIPYm 43609 117617 igator x i Lf EURNZDm You are going to download data from the MetaQuotes Software Corp 42567 4558 A nak EN Trader 4 zj E EURUSDm aces center but your account is opened on the Interbank Fx LLC trade 43055 139716 B Accounts 1 Minute M1 42007 54161 8 6039211 Kenneth or Sonj fo Ok 5 Minutes M5 Please do not forget that the downloaded history data can differ from the data stored 41908 30264 8 7008460 Ken Herbert Po ob i 15 Minutes mis on the trade server This is why these data cannot be used in disputes over historical E indicat 30 Minutes M30 prices with Interbank Fx LLC IF you still want to continue press OK 44321 116909 naicators i Inu l
49. SLDistance 50 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 150 Copy All Alteds 1 87 8 23 96 58 1 92 MaxStopLoss 60 SplitFrctATR 1 BiasFactorATR 0 5 TP_SLDistance 60 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 80 Save as Report 1 81 7 07 96 56 1 92 MaxStopLoss 60 SplitFrctATR 1 BiasFactorATR 0 4 TP_SLDistance 60 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage D 149 3 15 13 21 55 62 1 08 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 1 TP_SLDistance 110 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 268 v Skip Useless Results 2 83 13 14 76 14 1 51 MaxStopLoss 60 SplitFrctATR 1 25 BiasFactorATR 1 TP_SLDistance 130 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippaa 259 Show Input Parameters 2 99 12 21 47 48 0 92 MaxStopLoss 60 SplitFrct4TR 1 BiasFactorATR 1 TP_SLDistance 60 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 203 Auto Anange A 2 96 Tei 48 00 0 93 MaxStopLoss 70 SplitFrctATR 1 BiasFactor4TR 1 TP_SLDistance 130 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 Settings Optimization Ra y Grid G Graph Report Journal Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 AO Doing so will take you back to the Strategy Tester s settings window Notice that the optimization box is no longer checked This means that the values were automat
50. TURE OF FX TRADING MEANS THAT ANY MARKET MOVEMENT WILL HAVE AN EQUALLY PROPORTIONAL EFFECT ON YOUR DEPOSITED FUNDS THIS MAY WORK AGAINST YOU AS WELL AS FOR YOU THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A TOTAL LOSS OF INITIAL MARGIN FUNDS AND BE REQUIRED TO DEPOSIT ADDITIONAL FUNDS TO MAINTAIN YOUR POSITION IF YOU FAIL TO MEET ANY MARGIN CALL WITHIN THE TIME PRESCRIBED YOUR POSITION WILL BE LIQUIDATED AND YOU WILL BE RESPONSIBLE FOR ANY RESULTING LOSSES INVESTORS MAY LOWER THEIR EXPOSURE TO RISK BY EMPLOYING RISK REDUCING STRATEGIES SUCH AS STOP LOSS OR LIMIT ORDERS AUTOTRADER DISCLAIMER WHILE EVERY EFFORT HAS BEEN MADE TO ASSURE THAT THE AUTOFXFIRINGPIN EXPERT ADVISOR WILL PERFORM AS INTENDED THE USER ASSUMES ALL RISK FOR ITS USE BY DOWNLOADING THIS USER S GUIDE AND OR THE AUTOFXFIRINGPIN SOFTWARE YOU ACKNOWLEDGE THAT IT IS A PROGRAM AND THAT IT EXECUTES TRADING ORDERS ACCORDING TO SIGNALS THAT ARE GENERATED FROM THE DATA PROVIDED VIA YOUR BROKER S PLATFORM ACTUAL CONDITIONS WHILE TRADING A LIVE ACCOUNT WITH REAL MONEY CAN BE VERY DIFFERENT FROM THOSE EXPERIENCED IN A DEMO ACCOUNT FOR EXAMPLE IN A LIVE ACCOUNT THERE MAY BE TIMES WHEN YOU WILL EXPERIENCE SLIPPAGE IN THE FORM OF A GAP BETWEEN THE PREVIOUS BID AND THE CURRENT BID THAT MAY NOT BE ACCURATELY REFLECTED IN A DEMO ACCOUNT OR IN HYPOTHETICAL RESULTS THIS IS ESPECIALLY TRUE WHEN THE MARKET IS MOVING FAST DUE TO HIGH VOLATILITY THUS YOUR ORDER MAY BE FILLED AT AN
51. Trouble Shooting FAQ http autofxfiringpin com autofxmembers Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 75 Module 7 Position sizing and money management You don t need to concern yourself with the math in this module as the AutoMoneyManage feature within FxFiringPin Trade Manager EA automatically calculates your position size based on your stop loss your account balance and the pip value according the percentage of risk you specify We recommend trading at a max of 1 per trade and 4 total on all currency pairs you re trading If you are trading only one calibrated pair you could trade at 4 If you are trading two calibrated pairs you could trade each at 2 If you are trading 3 calibrated pairs you could trade each at 1 33 Finally if you are trading 4 calibrated pairs you could trade each at 1 Know when to hold em know when to fold em As the lyrics in the old Kenny Rogers song suggest knowing exactly when to get out of the market is just as important if not more important than deciding where to enter In other words you need a way to know ahead of time 1 what your ultimate risk will be 2 what your initial stop loss will be and 3 when to take profit These points are at the heart of capital preservation and risk control or in other words sound money management practices This manual provides recommendations on initial stop loss v
52. ad 23 TakeProfit 240 Eo Refresh W SolitFrctATR 0 75 gJ Save Cancel Reset Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 43 If the EA is not yet attached to your chart access it by double clicking on it from the Navigator window gt et lt aa FeAutoFiringPinlil 1 GBPUSD 1 54 707 L54735 4 USOCHF 0 94625 0 94556 4 USDC AD 1 O2032 1 02065 Y 4UDUSD 1 02961 1 0 2994 wah RIG Por Symbals Common Inputa jab _TITLE_ Fs utoFiringPin v1 11 1 aa Account Tick Chart m Lots 0 1 aa A Standard Deviation j AA AutoM oneyM anage true 2 Stochastic Oscillator ve PercentolB alanceRisk 1 0 ad E Slippage 3 be wo fF Willams PercentRange S ve MaxStopLoss 60 0 Load B lt Expert Advisors a3 TakeProfit 240 ve SolitFrot amp T A 0 75 Save vest n Fx utoFiringFin i 038 Pasa B Fx utoFiringFini 10 faeere 3 Fx4utoFiringFiniii 1 Caman r Y 8Der 2011 2 Cancel Reset i J i i i i i Favorites EURUSOrm H With the trading EA open enter the seven parameters into their corresponding value cells as shown below V ri FxeAutoFiringPiniii 1 x __ Variable Setting m MaxstopLoss 60 ah Cancel Reset i Ve MaxStopLoss 60 0 TakeProfit 240 i oa 7 SplitFretATR d en T i E TF_SLDistance 130 B qd S F d ct O rAT R jab _StochasticsS
53. alues and in calculating your profit targets so you already know in advance what those values are As for knowing what your ultimate risk will be that topic will be addressed as we proceed And by the end of this module you will see how FX Firing Pin automatically knows when to hold em know when to fold em Does Size Matter This question has been around since long before David amp Goliath and it conjures up a host of possible responses For traders this is a pivotal question The answer is Yes size DOES matter And you ll discover why as we progress through this module In the meantime to illustrate the point imagine watching a video that describes entry into a trade where to place the stop loss and where to exit The narrator might say So since we re going short in this trade we ll place our stop loss just above the high of the previous bar Let s see it looks like it s about 50 pips Also we want to make a profit of at least two times our stop loss value so we ll set our first profit target at 100 pips Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 76 But what s missing in the narrative We ll answer that in a minute but for now think about it Far too many traders equate risk with the SIZE of the stop loss For example if you are trading in standard lots of EURUSD then every pip is worth 10 So when the narrator says
54. an account balance of 5 125 and you want to risk 1 of that amount or 51 25 leave 1 in the Value cell If you wish to risk more or less than that percentage enter that number in the Value cell To illustrate for a risk of 4 S205 enter 4 in the Value cell for a risk of 0 5 25 63 enter 0 5 in the Value cell The system s automated money management algorithm will calculate a position size that represents exactly the dollar amount you are risking on a given trade 8 Leave Slippage at 3 Steps 9 through 16 take you through setting the calibration parameters Notice that the parameters are set up with a Start point the size of each in between Step the tester will evaluate and a Stop point For each parameter you will need to set the Start Step and Stop values exactly as outlined below NOTE After you have set all parameters the calibration process will determine the most effective combination of settings to be used when trading Strategy Tester EA properties Inputs tab steps 9 through 18 FxAutoFiringPini11_1 Ei Testing Inputs Optimization Variable te Start Ste Stop MaxStopLoss g 60 60 10 l TakeFrofit 240 70 10 T SplitFretATR 11 0 75 0 5 0 25 l BiasFactorsTR 0 5 0 0 1 TP_SLDistance 3 120 40 10 M _StochasticsS ettings_ NSH lt gt ZR NSt lt gt 4D Slowing held constant at 2 M NSH 78 13 13 C NSt 15 79 TimeFrameMinutes 16 T Start ntryT ime 06 00 00 PO EndEnteyT ime 16 59 59
55. blishing an area of micro support or resistance The color of the directional diamond accompanying the Firing Pin determines the immediate market direction as the EA interprets the current market data 2 The Setup Bar determines whether or not a trade will be entered For short trades the setup bar must close below the red Firing Line For long trades it must close above the green line The calibrated BiasFactorATR parameter positions the Firing Lines at points where the likelihood of false breakouts is reduced NOTE In previous versions the setup bar had to meet certain conditions 1 the bar s body had to comprise at least 50 of the bar s overall range and 2 at least the bar s body had to extend beyond the Firing Line Because of enhancements to the EA s algorithms those restrictions are no longer necessary 3 The Entry Bar If the setup bar closes below the red Firing Line the EA will enter a short trade at the open of the entry bar if the entry bar is accompanied by a red directional diamond Conversely it will open a long trade if the entry bar opens above the green Firing Line and it is accompanied by a green directional diamond The above three requirements define the term breakout as used by the EA The important thing to remember is that the Firing Line is matched up with the most recent directional diamond and offset by the BiasFactorATR Copyright 2011 and beyond Group Three LLC www autofxfiringpin c
56. cle STC Indicator Firing Pins The Firing Pins represent areas of market indecision where neither buyers nor sellers were in control Below is a group of firing pins all hanging around the same level indicating a highly indecisive market Firing pins have a blue body with a green box at the high and a red box at the low nN Firing Lines The Firing Lines are two horizontal lines overlaid on the price chart one green and one red to match the upper or lower part of the Firing Pins for long and short trades respectively Important Note Firing Lines Show Up Differently In EA than in Manual Method The AutoFXFiringPin EA controls the precise placement of the Firing Lines based on the rules it follows for generating signals As a result the EA may not always position the lines exactly on a Firing Pin s red or green square as you would if you were using the manual system There are two reasons why 1 The green long or red short directional diamonds provide the focal point for placing the firing lines The green diamonds are located in line with the previous bar s high and the red diamonds are located in line with the previous bar s low 2 The BiasFactorATR parameter offsets the lines from the directional diamonds by anywhere from 0 to 1 ATR according to the market s directional bias The examples below will give you some idea of how the settings affect where the EA places the lines Fora description of this parameter see Mod
57. e data available from your broker s live trade server for the currency pairs you are interested in Doing so gives you the most accurate and up to date price data you can obtain And it s easy to do While you will only get about six months of reliable 15 minute data and only about two months of clean 1 minute data that s all you need and those data will be EXACTLY the data used in live trading on your broker s platform How to download your broker s trade server data You should download your broker s trade server data every four to six weeks The instructions below show you how a Open a new daily chart for the pair you are interested in ere 1 20500 EURCADm GBPUSDm 0 82328 EURCHFm 0 89853 AUDUSDm 0 83541 EURCADm USDJP Ym GBPUSDm EURCHFrm AUDUSDm NZ2DUSDm EURGBPrn USDCHFrm EURJP Ym AUDCADm GBPJPY m CHFJPY m GBPCHF rm EURAUDm AUDJPYm NZDJPY m Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 27 Remove the grid lines right click on chart select Grid change the chart to a line graph icon in purple circle zoom all the way out icon circled in yellow and turn off the Auto Scroll function blue circle NOTE keeping the chart black and zooming out reduces the amount of redrawing the computer has to do and makes the download faster ih New Order gt S Expert Advisors Mi MS MiS M30 Hi H4 Di wi MN IL 10 n Q 9
58. e has not yet been reached so Active 0 is displayed Our risk is 1 of a 5 000 balance and given our 60 pip stop loss this translates into a position size of 0 83 lots EURUSOm H1 13047 1 30491 1 30446 1 30457 Wersion FxAutoFinngPin w1 11 1 Fed Line 1 3055 Green Line 1 3074 ATR 19 Spread 2 2 Init SL 60 Proft Target 240 Active Mum Lots L 0 83 5 0 83 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 69 In Illustration A the EA has just been activated on a chart It has determined that the overall market direction is up as evidenced by the STC s position at the top of the scale The shorter term direction is also up according the Stochastics Thus we have a green directional diamond accompanying the current bar In Illustration B the EA has begun to actively seek trading opportunities as evidenced by the Active 1 comment in the upper left corner In addition the EA is currently seeking a long position as a green directional diamond accompanies the current bar Because of this the red Firing Line is inactive At this point the current bar purple oval is a potential setup bar If it closes above the green Firing Line the EA will execute a long trade In Illustration C we find that the potential setup bar did not close above the green line Instead it morphed into a Firing Pin so no entry was made at the open of the next bar Version
59. eld results that are fairly close to the Every Tick model However the calibration time is much faster 4 While calibration can be done at any time it is best to do it on the same day each calibration period preferably after the markets have opened and settled down See Module 3 The Best Time to Do Your Weekly Calibration For our examples we will be using Sunday as the calibration day Therefore check the Use Date option and enter a From date that begins on a Sunday two weeks prior to the current Sunday and a To date that is the Sunday beginning the current week On the other hand if you choose Monday as your calibration day enter a From date that begins on a Monday two weeks prior to the current Sunday and a To date that is the Monday beginning the current week In our example today s date is Sunday December 18 and the Sunday two weeks prior is December 4 So the From date is December 4 and the To date would be December 18 5 Remember to check the Optimization box 6 Make sure the time frame in the Period box matches the one you want to calibrate In the example we will be calibrating EURUSD H1 to the broker data This completes the Strategy Tester set up Part 2 Setting up the EA s calibration parameters Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 32 Strategy Tester EA properties Testing tab FuAutoFiringPin111_1 eal Testing Inputs Opt
60. ercentofBalanceRisk 1 Slippag 259 97 70 3 2 99 12 21 47 48 0 92 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 1 TP_SLDistance 60 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 203 96 87 8 2 96 s lal 48 00 0 93 MaxStopLoss 70 SplitFrctATR 1 BiasFactorATR 1 TP_SLDistance 130 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 Settings Optimization Results Optimization Graph Results Graph Report Journal The Inputs column purple rectangle above displays the four calibrated settings that produced the results for pass 220 namely MaxStopLoss 60 SplitFrctATR 1 BiasFactorATR 1 and TP_SLDistance 130 Of these MaxStopLoss and SplitFrctATR will be parameters you will eventually use for your live or demo trading To set them as parameters in the Strategy Tester EA you must either double click anywhere in the row for pass 220 or right click in that row and select Set Input Parameters Pass Profit Total trades Profit Factor Expected Payoff Drawdown Drawdown o Inputs 220 3 48 15 27 56 10 1 08 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 1 TP_SLDistance 130 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 262 3 31 14 22 55 62 1 08 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 1 TP_SLDistance 120 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 213 Ly Copy Ctrl C 2 10 6 25 96 58 1 92 MaxStopLoss 60 SplitFrctATR 1 BiasFactor4TR 0 5 TP_
61. ering the EA calibration parameters you re ready to calibrate your EA to your broker s data This module takes you through the calibration process and shows you how to interpret the results In earlier versions a calibration run may have taken up to 30 minutes depending on the amount of resources a particular computer or VPS had in play This module introduces a more streamlined two step process that produces robust calibration results while cutting the calibration time considerably However regardless of the time it may take calibration is an important part of the process and must not be skipped You ll thank us as you see the SIGNIFICANT difference it makes in profit Important Note Modules 1 3 are demonstrated for you in a training video on the members download page Make sure to watch it after reading through this material Although the method has changed the principles are the same For best viewing of the illustrations that follow you may wish to increase the page magnification to 150 or select Page Width from the magnification window E 150 eo io 10o Text Width Whole Page Two Pages Conducting a calibration session A calibration session consists of two overlapping calibration runs 1 Calibrating the MaxStopLoss SplitFrctATR BiasFactorATR and TP_SLDistance parameters with TakeProfit NSt1 and NSt2 at their default settings 2 Re calibrating the BiasFactorATR and TP_SLDistance param
62. ers into the properties box This saves time when you need to set up your EA on new charts If it is a new currency pair simply replace the stop loss profit targets and active trading time values with the appropriate 71 x Open setti ngs Look in e presets J92 em c ageneral_std set eurusd_15 set E hybrid get FxFiringPiniO E audjpy_15 set E firingpin_general set E hybrid jpy Ep E audusd_15 set 3 gbpjpy_15 set E hybrid sel Common inputs E eurcad_15 set 3 gbpusd_15 set E jb_eurusc Garces Value E eurgbp_15 set hybrid30 general set E nzdusd_1 EA _TITLE_ FxFiringPin v1 0 E eurjpy_15 set E hybrid30 jpy set E triple_eur 23 Account 0 gt M Lots 0 1 E5 _AlertOnly_ Auto Trade OR Alert Only Filename ffringpin_general set 2 AutoTrade true Files of type Expert Set set ad Cancel z AutoM oneyM anage true LL Ve PercentofB alanceRisk 1 0 Load 123 Slippage 3 Ve MaxStonLoss 50 0 zl Save paa OK Cancel Reset 100 12 May 09 00 12 May 17 00 13 May 01 00 131 sorcery Sern URCHFm Hi EURCADm Hi AUDJPYm t Manual Entry Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 57 The AutoFXFiringPin EA also allows you to enter a trade manually if you see a trade opportunity that falls outside of the auto trade parameters To manually enter a long trade set OPEN BUY NOW to true For short trades set OPEN SEL
63. eted pips Illustration K shows that the adaptive profit target kicked in on the bar after the 10 pip initial profit protection was reached It will remain in its current position until the stop loss begins trailing again y 1 28730 1 28220 1 27710 1 27200 00 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 72 As the stop loss begins trailing Illustration L shows us that the distance between the adaptive profit target and the stop loss remains a constant 130 pips In Illustration M the market overtook the adaptive profit target and the trade was closed The trade entered at 1 29748 and exited at 1 27880 for a profit of 186 8 pips L 1 30770 1 30260 Illustration N tells the rest of the story After the exit the market moved sideways What s more the EA avoided entry even when the market made the slight upward correction circled in purple The EA entered another short trade when the market plunged downward and eventually exited for a 10 pip gain N 1 30560 1 30160 1 29750 i 1 29340 ee 1 28940 1 29530 1 28130 1 27720 ME 1 27310 In the preceding example trade you saw these enhanced features e Improved entries e Rapid movement of the stop loss from its initial position to a point approximately one half of its original value e A responsive trailing stop loss e Quick movement to capture a 10 pip initial profit e The adaptive profit ta
64. eters and calibrating the NSt1 and NSt2 parameters MaxStopLoss and SplitFrctATR retain their calibrated settings and TakeProfit retains its default setting 1 Calibrating MaxStopLoss SplitFrctATR BiasFactorATR and TP_SLDistance Open the Strategy Tester EA and make sure that the MaxStopLoss SplitFrctATR BiasFactorATR and TP_SLDistance parameters are set as shown and that their boxes are checked Leave TakeProfit NSt1 and NSt2 unchecked When finished click on OK Testing Inputs Optimization I MaxStopLoss TakeProfit I SplitFroet amp T A M BiasFactorTR I TP_SLDistance P _StochasticeSettings_ Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 38 To begin this calibration run press the Strategy Tester s Start button When the Tester begins its run it will gray the window out with the exception of the lower right and left corners Within a few seconds the Strategy Tester will give you an estimate of the time it will take to complete the calibration purple oval bottom right corner In this case that estimate is about three and one half minutes In the lower left corner the Tester will also give you 1 the total number of permutations combinations of parameters to be sampled and 2 the real time number of combinations it has processed In this case there are 1280 permutations to be sampled and the tester has processed twelve of them so far Expert
65. ets However it doesn t matter which day of the week you use for calibration as long as you are consistent with the two week calibration data set Also because the MT4 captures the spread values as they change when the broker cuts the feed on Friday the last spread value is the one that is retained over the weekend Sometimes the captured spread for the weekend is within an acceptable range or as in the case in the illustration below for EURUSD pretty far out there at 8 4 pips In this case you d want to wait till the market opens on Sunday to do your calibration A EURUSDm contract specification Stops level O Pendings are good till cancel Yes Contract size 10000 Profit calculation mode Forex Swap type EUR Swap long 0 1 Swap short 0 5 Margin calculation mode Forex Margin initial 10000 00 Margin maintenance 10000 00 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 47 You can access the captured spread information anytime by opening the Strategy Tester and clicking on Symbol properties Expert properties Optimization Open chart Modify expert You can run your calibrations any time on the weekend but you need to check the captured spread first if you are doing your calibration before the market re opens on Sunday If the captured spread is within its normal range then run the calibration If not wait till Sunday after the market opens
66. get advances in synch with stop loss allowing opportunity for capturing maximum profit O O O O O O 0 0 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 23 o Proprietary algorithm accelerates trailing stop loss to lock in profit at specific points o Exit trades according to calibrated parameters e Can be calibrated to your broker s data Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 24 Module 1 Downloading Price Data from YOUR Broker s Trade Server By the end of this module you ll know how to download your broker s live data into your platform This is actually a prerequisite for properly calibrating your AutoFXFiringPin EA But more importantly you ll understand why regularly downloading your broker s data makes a difference So here s what we re going to be doing during this Module Our first goal is to help you understand why using the right data makes a difference in terms of e Data sources e Data quality e Data quantity Our second goal is to have you perform the downloading process by e Setting a chart up for downloading e Downloading a series of currency pairs e Checking the history Important Note Modules 1 3 are demonstrated for you in a training video on the members download page Make sure to watch it after reading through this material If you have any technical questions about t
67. he information in this guide please download and read the Technical and Trouble Shooting FAQ http autofxfiringpin com autofxmembers Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 25 j 150 For best viewing of the illustrations that follow you may wish to increase the 2I page magnification to 150 or select Page Width from the magnification window 10 Text Width Whole Page Two Pages Factors That Affect the Quality of Your Calibration and Backtesting Data Data Sources The quality of data you use when you calibrate is an important factor For example you will find that if you download data directly from the MetaQuotes history center they are not useful because they do not reflect in any way your broker s live trading data In fact before you can download MetaQuotes data you must OK the following File View Insert Charts Tools Window Help b he ie lt b logy GR New Order F9 Advisors m ms mis m30 Hi H4 D1 wi MN E a hlag fi Le Or Ey ww llil ket Watch 18 54 20 re ncaa F2 06623 mbol Bid EURCADm 1 39969 1 40 da Global Variables F3 e EURUSDm Daily Axi USDIPYm 80 900 80 D MetaQuotes Language Editor F4 Symbols Database 2462 records 8 AUDIPYm Time Open High Low Close Yolume AUDNZDm 0 2011 06 29 00 00 1 43566 1 44473 1 43277 1 44201 108170 GBPUSDm 1 60542 1 60 EU
68. he next step Applying the template z Charts Tools Window Help G gt A gt e E GQ ew order B Expert Advisors mi ms mis MBq Hi JH Di wi mN Ji e nia a r 1 O 5 E k 7 A N w FURUSDiam x EURUSDiam H1 1 45103 1 45164 1 45070 1 45124 __ Ask amp para pena GBPUSDiam USDJPYiam 12 1 45133 1 64193 USDCHFiam 77 922 AUDUSDiam 0 80152 EURGBPiam Gold ForexlAM BT CFD Gold lam Silver lam PT Navigator _ x r FA AutoFiringPinLines a F AutoFiringPins AS ne Ry et ge fg Awesome 3 Bands FQ Bears FA Bulls S cci E Ergodic TVI FQ FiringPins H FA FiringPinSignalsND12 E2 Heiken Ashi B Ichimoku i k i i f 3 ji s SSW 4Ju 00 PT OPT Pia niee 30 urto PMA Frio Toe TALO Jul 05 00 12 Jul 13 00 13 Jul21 00 15 Jul05 00 18 Jul 13 00 19 Jul21 00 21 Jul05 00 22 Jul 13 00 25 Jul 21 00 v 3 Copyright 2011 and beyond Group Three LLC All Rights Reserved Jan 11 20112 20 At this stage of the setup process the indicators you need for trading are not yet on the chart FiringPins and Stochastics The easiest way to set the chart up is to attach the Autofiringpin 111 1 template For future reference attaching any template to a chart will automatically replace all previously attached indicators lines or EAs In this case you have a raw chart so there is nothing previously on the chart that will be replaced
69. ically set in the Tester s EA Expert Advisor Fx4utoFiringPinl 11_1 Copyright 2008 2012 Group Three LLC Expert properties Symbol EURUSDm Euro vs US Dollar z Period H1 hd Symbol properties Model Control points a very crude method based on the nearest less timeframe the results must not be considered Open chart Use date V From 2011 1204 To 2011 1218 Modify expert Visual model i Skip to 2012 01 09 1152 1 280 8 085 0 01 26 0 00 10 Start Settings Optimization Results Optimization Graph Results Graph Report Journal Open the Tester s expert properties box You should see that the MaxStopLoss value matches your calibrated value In this case it is 60 You should also see that the SplitFrctATR BiasFactorATR and TP_SLDistance values match the calibrated values of 1 1 and 130 respectively FxAutoFiringPiniil 1 El Ei Testing lnputs Optimization Value Start Step Stop l Slippage 4 4 0 0 M MaxStopLoss l TakeFrofit M SplitFrotTR W BiasFactorTA M TP_SLDistance This finishes Step One Calibrating MaxStopLoss SplitFrctATR BiasFactorATR and TP_SLDistance 2 Re calibrating the BiasFactorATR and TP_SLDistance parameters and calibrating the NSt1 and NSt2 parameters Leave the Strategy Tester EA open and uncheck the MaxStopLoss and SplitFrctATR variables This will fix their settings fo
70. imization 2 E ital depos us a wi Em 3 Positions Long amp Shot Optimization Optimization Optimized parameter Balance o Genetic algorithm W Cancel Reset In the Strategy Tester click on the Expert properties box to access the EA Select the Testing tab and enter your current account balance in the Initial deposit box and your deposit currency in the box to the right of it In the Positions box enter Long amp Short In the Optimization section set Balance as the Optimized parameter and check the box to the right of Genetic algorithm Strategy Tester EA properties Inputs tab steps 5 through 8 Testing Inputs Optimization Vanable _TITLE_ FeAutoFinagPin 1 111 C Account 5 TTTTTT T Lats 6 0 1 P AutoMonevM anage true PercentofB alanceRisk 7 1 l Slippage 8 3 D MaxStopLoss Cancel Reset For the most part the following steps for setting up the Strategy Tester EA will only have to be done once oF 6 Open the Inputs tab and enter your trading account number Ignore Lots and leave AuttoMoneyManage set to true Set PercentofBalanceRisk to the percentage of your account balance you will normally be risking on each trade That is set the risk value at a level you are comfortable with Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 33 and that will allow you to sleep at night For example if you have
71. ing your position size from a percentage of your account balance is Position Size AcctBal Pct SL PipVal AcctBal your closed trade account balance Pct the desired percentage of your account you are willing to risk SL your stop loss in pips the difference between your entry and your stop loss PipVal the value of a mini pip one tenth the value of a standard pip You can get this value by using a pip value calculator These are hundreds available free online The link below will take you to one of them htto www goforex net pip calculator htm Calculating Your Ultimate Risk Let s say that you have set up your AutoFXFiringPin EA for a trade in EURUSD so you have already set your stop loss value from our recommendations Any pair with USD as the quote currency the second currency in the pair has a standard pip value of 10 00 If you didn t know this you could get it quickly with a pip value calculator Since you are trading a mini Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 78 account the value of a mini pip would be 1 00 With these two values FX Firing Pin calculates your position size 2 500 01 47 1 25 47 0 53 lots If you are an experienced trader and you decide to risk a more aggressive 2 5 of your account balance your ultimate risk would be calculated as follows 2 500 025 47 1 62 5 47 1 33 lots Again since you re
72. ion of the situation depicted in Illustration C only some time has gone by Notice that the setup bar has now crossed the green firing line and is extending beyond it When that happens entry will be triggered as long as the following criteria are met 1 The setup bar is accompanied by a green diamond and closes above the green Firing Line 2 The entry bar opens above the green line and is accompanied by a green diamond eons a Entry Bar a a Setup Bar 4 An Auto FX Firing Pin Trade from Entry to Exit The following illustrations walk you through the steps the EA takes as it goes from set up to exit In all of the examples we ll use the term breakout as defined above The following example will highlight the following enhanced features e Improved entries e Rapid movement of the stop loss from its initial position to a point approximately one half of its original value e A responsive trailing stop loss e Quick movement to capture a 10 pip initial profit e The adaptive profit target For this example that follows we are trading EURUSD only during the London session which includes the first half of the New York session So our StartEntrytime is 08 00 00 GMT and our EndEntryTime is 16 59 59 GMT Below is a shot of the information the EA prints in the upper left corner of the charting area From our most recent calibration we have a 60 pip stop loss and a 240 pip initial profit target Our StartEntrytim
73. it looks like it s about 50 pips the first thing that hits you is that s a 500 stop loss If you have a 5 000 account that represents a hefty risk of 10 of your capital and it s even more if you plan on trading 2 lots That kind of risk might be too rich for your blood so you decide that maybe trading mini lots would be better That way at least with a 50 pip stop loss you would only be risking 50 per mini lot or 1 of your capital for each lot traded However what if the probability for a handsome profit is higher if your stop loss is 100 pips If you go for it you re now risking 100 per lot This is the dilemma inexperienced traders face quite often as they try to figure out how to stay in the game without losing everything They have no way of knowing what their ultimate risk will be Two Key Elements There are two key elements that will greatly influence your ability to profit with ANY system In fact they are the most important factors in the life of every trade They answer the question Does size matter These two key elements are 1 the SIZE of your trading account and 2 how you decide your position SIZE These two components are interrelated and inseparable Without integrating your initial account size with a sound position sizing strategy your trading results will be less than stellar Fortunately the FX Firing Pin system does just that all automatically and behind the scenes Copyright
74. le still carries the phantom history and does not reflect the updated data close your platform reopen it check the history one more time and if the new data are not present repeat the entire downloading process Once the data are downloaded you are ready to go on to Module 2 calibrating your EA Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 30 Module 2 Calibration Setup By the end of this module you will know how to set your EA up for calibration to your broker s live data Although it may look like there are a lot of steps the setup process is pretty simple It is also a highly important procedure and it is critical to your trading success After you get the hang of it it will only take you a few minutes to do each calibration period Due to enhancements within AutoFxFiringPin s EA the calibration window the backtesting period has been shortened to two weeks and the forward trading period is now two weeks Thus you should calibrate the pairs you are trading not less than every two weeks Important Note Modules 1 3 are demonstrated for you in a training video on the members download page Some of the information has changed such as the calibration period and the time between calibrations However make sure to watch it after reading through this material because the principles behind calibration have not changed E 150 For best viewing of the illustrations
75. ler says it cannot find instances of the MT4 follow the steps below to locate and install AutoFxFiringPin The instructions come in two sets The first is for locating the MT4 in Program Files x86 and the second set is for locating the MT4 on your C drive your hard drive Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 11 To locate MT4 folders in Program Files x86 1 Select Add Path You will get this window E Setup AutoFXFirinePin MT4 Bi ee ee select Directory Director Name J CAprogram tiles Wo m i Directories Files fees CAY a UseDop ini ed Wine ip zip U ICIC Tat ati a E Addingott Adobe Akamai ae Drives in Leal Tr 1 1 2 Scroll back to C double click on it Select Directory Directory Name Ly Directories 123456 bat 7b4d19d729a7c1ecal8632ca AUTOESEL BAT AVG FOT DAT CONFIG SY S cBI02b32095 acbbrsbablFer4ichE PRISM loo Documents and Settings req fy EPSONREG Fa Fujitsu Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 12 3 Scroll down to Program Files x86 and double click to open the folder You will see your MT4 platforms there select Directory Directory Mame C Program Files 86 Directories Files fe Co fa Fath M14 powered by BT fa GFT M174 Powered by BT Dries
76. lly move trailing stop loss Proprietary algorithm accelerates trailing stop loss to lock in profit Move adaptive profit target in concert with trailing stop loss Exit trades according to calibrated parameters As you can see the EA automatically performs all trade management functions including entry trailing the stop loss conserving profit employing exit strategies and money and risk management functions Of course you always have the option of monitoring the trades and changing the stop loss and or profit target or even exiting manually as you see fit Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 50 NOTE Once a trade is entered the EA will ignore all other entry signals in either direction until the current trade is closed Overview of the EA properties box In this section of Module 4 we ll take a look at the Auto Fx Firing Pin s EA properties box and get you acquainted with the parameter settings found there Although it looks like a lot it s really pretty simple This is just an overview so you won t need to enter any information yet We ll get into those details a little later in the module Ol fs For best viewing of the illustrations that follow you may wish to increase the page magnification to 150 To access the EA s Properties box when the EA is not attached to a chart go to the Navigator window and double click on the current FxAutoFiringPin EA
77. m will appear in the window If you have more platforms click on Add Path and repeat steps 1 through 5 Installing Ea Setup was not able to find Meta Trader installed on your computer Please chose the folder where Meta Trader is installed CMnterbank F 1 Click Cancel Next gt gt Select Directory E Installing es Setup was not able to find Meta Trader installed on your computer Director Marne Please chose the folder where Meta Trader is installed CAFD MetaTrader 4 C MinterbankFX_1 Click C FXDD MetaTrader 4 Directories Files Cleant anitest tet DDE S ample xls Be XDD Metatraderd k aeree File ToCopy bet EE Temp FsM anifest tet fa config feversioninto tt Gq deleted INS TALL LOG Co experts Eg history coven th o Cancel O Next gt gt 6 After you have added all your platforms press Next and the progress window will pop up Please wait while installing EJ Downloading file bof aubo_fringpin_sic tpl a On De EATE Downloaded 635 KE EAP CEEPE EET ESTEE EEE EEE TEEPE EEE ee EEE eee TEE eee ee Cancel Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 17 7 Setup is finished Press Finish and open your platform s i Setup AutoFXFiringPin MT4 Completing the AUtOFXFiringPin MT4 Setup Wizard Setup has finished installing AutoF SF iningPin M 7 4 on your computer Click
78. n deleled LastIngtallLoa tet m Ga experts vel Drives el M 6 After you have added all your platforms press Next and the progress window will pop up Please wait while installing E Downloading file 6 of 7 aako fringpin sic tpl PTEET REECE TEE eee Eee Downloaded 635 KE EEEEECELECEEEEEEELEECEELELELLELEELLEELLELLLELLELEELELLLL Cancel Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 14 7 Setup is finished Press Finish and open your platform s is Setup AutoFXFirinpPin M 14 Completing the AUtOoFXFiringPin MT4 Setup Wizard Setup has finished installing AutoFXF iningPin M 7 4 on your computer Click Finish to exit Setup Finding MT4 folders on your hard drive your C drive Recently live and demo MT4 platforms are being installed directly onto the C drive rather than into program files folders To access the platform folders do the following 1 Select Add Path You will get this window JE Setup AutoFXFiringPin MTA select Directory in Directory Hame C program files TH pm Ueber Woo Directories Files program files i a e Eon oN al FEF Ef rit it w Dives Sel Jes Copyright 2011 and
79. n 22 00 to 08 59 59 GMT Australia Asian session This concludes Module 4 Module 5 presents important information about warnings and alerts the trade management EA may generate Do not trade without going through Module 5 If you have any technical questions about the information in this guide please download and read the Technical and Trouble Shooting FAQ http autofxfiringpin com autofxmembers Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 59 Module 5 Alerts and Warnings If any of the alerts below appear right click on the chart select Expert Advisors and then select Properties and the AutoFXxXFiringPin properties box will open Take the appropriate corrective action click OK and your chart should resemble the one above Clear the alert by clicking OK Trading Indicators List Ctrl l Remove Objects List Ctrl B aA Siiaegy Tester FE iNew Order B Expert Advisors Y mi ms mis m30 N _ You inadvertently disabled your expert advisors The EA icon Alert xe p has a red nose Also the Smiley Face in the upper right A Warning Expert Advisors are not enabled corner of the chart will change to an yy SOM FxAutoFinngPinili 1 x Click on the icon it will change to green and the Smiley Face A 14 02 19 Warning Expert Advisors are not enabled A will return A 14 02 18 Num Lots calculated using money management r a
80. nt is depleted NOTE You can open a trade manually at any time Just remember to reset the OPEN_BUY_NOW or OPEN_SELL_NOW to false After entry the EA will manage the trade as if it had automatically opened it Set Trading Hours According to Your Preference Although AutoFXFiringPin trades around the clock you can set the EA to trade any hours you wish If there are hours that you prefer to trade set the StartEntryTime to the hour and minutes you want the EA to begin actively looking for trade opportunities Likewise Set the EndEntryTime to the hour and minutes after which you want the EA to stop looking for trade opportunities Note You must calibrate the EA using the hours you wish to trade Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 58 If you have a preference for certain Forex sessions and want the Trade Manager to pay attention to possible trades only during those times you can dial in those hours Again if a trade is open the Trade Manager will of course supervise the trade until it is closed out regardless of the times you have typed into the EA xAutoFiringPini11_1 Common Inputs Variable Value Below IS a schedule of the Va rious sessions in GMT lab _StochasticsSettings_ NSH lt gt 4K NSt2 lt gt D Slowing hel 00 00 to 23 59 59 24 hour trading 08 00 to 16 59 59 GMT London session 13 00 to 21 59 59 GMT New York sessio
81. om All Rights Reserved Jan 11 20112 67 PLEASE NOTE When the BiasFactorATR is set to 1 it is not uncommon to see the green Firing Line running through the red directional diamond as in the illustration directly above If that situation occurs don t worry it is normal Assuming the market is moving downward and a BiasFactorATR setting of 1 the red Firing Line would be positioned as shown in Illustration A _CCurrent Price 1 ATR between center of diamond Active Firing Line and Firing Line Illustration B is a continuation of the situation depicted in Illustration A only some time has gone by Notice that the setup bar has now crossed the red firing line and is extending beyond it When that happens entry will be triggered as long as the following criteria are met Firing Pin gt 1 The setup bar is accompanied by a red diamond and closes below the red Firing Line 2 The entry bar opens below the red line and is accompanied by a red diamond w Setup Bar The reverse is true for long trades Assuming the market is moving upward and a Bias Factor ATR setting of 1 the green Firing Line would be positioned as shown in Illustration C C Current Price Active Firing Line m 1 ATR between Firing Pin lol i center of diamond g and Firing Line Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 68 Illustration D is a continuat
82. oss value if a trade goes south by augmenting stop loss movement between the initial stop loss and the entry price In addition we have developed algorithms for an adaptive profit target These algorithms reduce or lengthen the initial profit target and match it to the movement of the stop loss Thus as the stop loss advances the profit target advances the same distance opening up the opportunity for profits beyond the initial profit target Later in the manual you will see screen shots of how these algorithms work together to make AutoFXFiringPin extremely effective in both sideways and trending markets You Can Trade All Currency Pairs Initially AutoFxFiringPin only traded with the EURUSD and EURJPY 1 HR time frame Over time the system has been upgraded so that you may now trade any currency pair We still recommend trading with the 1 Hour time frame but you are free to experiment with other time frames MT4 Platform Only Auto FX Firing Pin works as an EA Expert Advisor only within the MT4 trading platform If this is the first time you ve used the MT4 we recommend getting acquainted with its basic features For an excellent tutorial on using the MT4 platform visit the following web site http compassfx com virtualtour metatrader tour htm Although we have obtained permission from CompassFxX to furnish this link Group Three does not have a business relationship with them and the fact that we are directing you to their web
83. our position size and 2 getting this alert after clicking OK means the EA is running properly a F053634 1 terbank FX Trader 4 Demo Account EURUSD H1 r Pal 1 Te 1 sl ld ai e aa A e3 T akeProfit 150 We SolitFretATR 0 75 Save OK r F AutoFiringPini it 1 HE Baii 7 i Common Inputs Mum Lots calculated using money management rules al Value a A at _TITLE_ FaAutoFinngPin 1 07 wea Account 7053643 E E Lots 0 1 01 Num Lots calculated using money management r A AutoM oneyManage ue AY 16 50 20 Type your account number in the properties po E DErceNaiE eI Hu 16 40 52 Nur Lots calculated using money management r T Slippage 2 A 17 42 10 Num Lots calculated using money management r Cancel Reset This completes Module 5 including correcting alerts you may encounter All of your setup tasks are complete Module 6 will take you through trade setup entry and exit Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 6l Module 6 Trade Setup Entry and Exit This module takes you step by step through a trade from setup to exit so you ll know the behavior you can expect to see while the EA is doing everything automatically There are four main visual components to the FX Auto Firing Pin 1 the Firing Pins 2 the Firing Lines 3 the directional diamonds and 4 acombination of Stochastics and the Schaff Trend Cy
84. ow and why the ea does what it does The single overarching rule the EA follows is to trade long when the Stochastic is above its signal line and to trade short when the Stochastic is below its signal line Two possibilities stem from that single rule trading with the trend and trading against the trend Trading in the direction of the trend This strategy offers high probability entries as both the STC and the Stochastic are in agreement 1 Trade only long if e the Stochastic line is above the signal line AND o the STC is above 25 and rising OR o the STC is flat near the top of the scale jen al TP T Po i val Ba I TE ATLA al Fl ie In the scenario above the dominant direction is up as the Stochastic is above the signal line and the STC rose above 25 and went flat at the top of the scale Under those conditions setting up for long trades only offers a high probability of success 2 Trade only short if Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 64 e the Stochastic line is below the signal line AND o the STC is below 75 and falling OR o the STCis flat near the bottom of the scale rh Hy got i i fonol a ull LP oil a of ji i H 0 i eiee SOG aste ME ieii RR TTTS below signal line STC below 75 iesse n eiS E A i a a Sty ie es es STC flat near bottom of scale In the scenario above the dominant direction is down
85. pportunity for profits beyond a stationary profit target For calibration the Start Step and Stop values should be set at 40 10 and 240 pips respectively Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 35 14 NSt1 This represents the Stochastics K parameter The Stochastics settings will vary with the period you are calibrating The Start Step and Stop values should be set at 13 13 and 78 pips respectively 15 NSt2 This represents the Stochastics D parameter The Start Step and Stop values should be set at 13 13 and 78 pips respectively Note The Stochastics slowing parameter is held at a constant 2 so if the calibrated settings for NSt1 and NSt2 are 78 and 52 the complete Stochastics setting would be 78 52 2 16 TimeFrameMinutes This parameter is the chart period in minutes Make sure it matches the Strategy Tester period We recommend setting it at 60 as the system performs best on the hourly bars 17 StartEntryTime EndEntryTime Leave them at their default settings if you want the EA to trade a particular pair around the clock However if you want the EA to trade a particular market session or group of sessions e g Asian session London session etc then set the start and end times accordingly We recommend trading the London and New York sessions as they provide the highest volume and liquidity Thus in the examples in this Guide you will see
86. r Settings With your EA properties box open and with all of the parameters entered you can save that information in a preset file and use it for future set ups to save time Press the Save button on the EA properties box and a Save As box will pop up Give your settings a name and when you re finished click the Save button on the Save As box The information you entered is now saved in the presets file You can also do this with your specific settings for each pair The illustration below shows examples of presets for various pairs Save As Ea xi Save in lo presets gt gt e eE Common Input a f ageneral_std set E eurusd_15 set E hybrid jpy E audjpy_15 set E gbpjpy_15 set E hybrid sel E audusd_15 set E gbpusd_15 set E jb_eurusc fcc eurcad_15 set e hybrid30 general set E nzdusd_1 J E eurgbp_15 set E hybrid30 jpy set E triple_eur E eurjpy_15 set E hybrid general set E triplex_v1 gt Filename ffringpin_generall Ve MaxStooL Save as type Expert Set set Cancel 7 4 Presets can be used as a shortcut when setting up the EA to a new chart or currency pair To access a preset first open the EA properties box and then press Load A box containing your preset files will pop up Select your previously saved preset then either double click the preset or press Open This will automatically enter your account number preferences and trading paramet
87. r data have been successfully downloaded into your platform after it reopens go to your File menu and select Open Offline A table of available history will pop up O Open Offline Chart El x View Insert Charts a New Chart EURIPY H1 EURIF YH4 EURIPY Daily EURUSD M1 EURUSD MS EURUSD M15 EURUSD M30 E EURUSD H1 EURUSD Daily GBPLISD H4 2006 12 30 23 00 2001 09 19 20 00 1978 03 17 00 00 2011 07 05 17 04 2011 03 29 21 15 2011 01 07 01 00 2010 05 10 03 30 z005 12 30 23 00 1959 06 22 00 00 2010 05 21 08 00 i EURIPY M1 2011 07 05 15 11 2011 09 08 00 36 gt Open Offline EUIRIFY MS 2011 03 29 21 15 2011 09 08 00 20 fpei Deldied EURIPY M15 2011 01 07 01 00 2011 09 08 00 30 EURIPY M30 2010 05 1003 30 2011 09 12 05 30 Protiles 2011 09 08 01 00 2011 09 08 00 00 2011 09 08 00 00 2011 09 08 00 36 2011 09 08 00 35 2011 09 08 00 30 2011 09 12 14 30 2011 09 09 17 00 2011 09 08 00 00 2011 09 07 21 03 The table displays the data alphabetically by pair and in time frame order from M1 to D1 You can also see the From and To dates For the hourly bars the most crucial time frames are M1 M5 and M15 If you download around 65 000 M1 bars you will have about two months of trade server data for that time frame And if your 5 minute bars run more than three months back from the current date then you are in good shape for the calibration The M15 bars will then serve as a reso
88. r the second calibration run Leave BiasFactorATR and TP_SLDistance checked for inclusion in this run Move down to the NSt1 and NSt2 variables and check their boxes Make sure that the Start Step and Stop values are identical to those in the illustration below When finished click on OK FxAutoFiringPin111_1 H Ed Testing Inputs Optimization D MaxStopLoss l TakeFrofit SplitFrctATA MW BiasFactoATA I TP_SLDistance 130 40 P _StochasticsS ettings_ HSH lt gt REL MSte lt gt ZD Slowing held constant at 2 IY NSH 78 13 13 I NSt2 13 13 Cancel Reset Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 41 After clicking OK you ll need to re check the Tester s Optimization box which as shown below is still unchecked Expert Advisor FxAutoFiringPin1 11_1 Copyright 2008 2012 Group Three LLC Expert properties Symbol EURUSDm Euro vs US Dollar Period H1 Pes Symbol properties Model Control points a very crude method based on the nearest less timeframe the results must not be considered hed Optimizati Open chart Use date v From 2011 12 04 To 2011 12 18 Modify expert Visual mode I Y I Skip to 2012 01 09 i 152 7 1 280 8 085 0 01 26 0 00 10 Start Settings Optimization Results Optimization Graph Results Graph Report
89. rget How does the EA handle sideways movement Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 73 The answer is VERY WELL This is not to say that the system never experiences a whipsaw but there are very few of them Also almost no trade gets stopped out at 100 of the initial stop loss value The area between the blue lines in the chart below represents a fairly flat range bound market To get an idea of how the EA performs under these conditions we ll take a look at the trades the EA entered during this time EURUSDm H1 1 27760 1 27873 1 27695 127729 1 34520 1 33860 1 32540 uy 1 33200 hy 1 31880 1 31220 mene t W joa i l y HN aii Te i bab sdti ht 1 t0ths pelo ttiedght hee igen yf my att wy mge PEP Moppa taseboftt 1 30560 1 29900 0 ttir Il g Mi amyl 0 uyot i Na ut ay aipaaartl 1 29240 a 1 28600 9 Der 211 1 Der 120A 13 Der NANN 13 Mer 2NNN 144P SRLS N4 NNA 15 Der PNM 16A Der 120A 19 Der AKNA 14 Der PLNA FN Der NN 21 Der NSN 21 Der PLNA 2 Der NN 23 Der NNN FA Der NANA PA Der PP Pil 2a NNN The system made six trades during the relatively flat period between the blue lines in the chart below as follows 1 A long trade for a gain of 10 pips 2 A long trade for a loss of 30 pips one half of the 60 pip initial stop loss 3 A long trade for a gain of 155 8 pips with the adaptive profit target 4
90. s and activated your license Follow the rest of the instructions in this guide and in the training video for setting up your charts and trading We can t stress the importance of reading this Guide first It only takes a little effort to do so Not doing so can cause you to make unnecessary mistakes which will cost you in the long run Take this seriously Don t rush Follow the instructions Ask questions if you need clarification after going through the material If you have any technical questions about the information in this guide please download and read the Technical and Trouble Shooting FAQ http autofxfiringpin com autofxmembers We re here for you if you need anything All we ask is you do your part support autofxfiringpin com Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 22 General Description AutoFXFiringPin is an automated version of its semi automated predecessor FxFiringPin However AutoFxXFiringPin s entry algorithms are based on strategies that are far more advanced The automated system monitors market conditions and trades on a breakout above or below price bars called FiringPins marked by the AutoFiringPins indicator In addition the system also looks for opportunities to trade against the trend when retracements occur Plus the EA automatically performs all of the trade management functions from setup through exit Most automated trading sy
91. sFactorATR TP_SLDistance NSt1 and NSt2 Leave TakeProfit unchecked Make sure that the Start Step and Stop settings are as shown in the screen shot below FrAutoFiringPinili 1 Ea Testing Inputs Optimization ariable te at Step ooo Sopla M MaxStopLoss H BU TakeProfit 240 70 10 I SplitFret T A 0 75 0 5 0 25 I BiasFactoATA 0 5 0 0 1 M TP_SLDistance 120 40 10 T _StochasticeSettings_ HSH lt gt BEL NSte lt gt 2D Slowing held constant at z I NSH 7a 13 13 IY NSt2 13 13 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 46 2 Run the calibration again and check the results If you obtain no results do not trade the pair in the coming week If you obtain a profit greater than 19 99 you can set the pair up to trade with the parameters you just calibrated The Best Time to Do Your Bi Weekly Calibration The best time to do your bi weekly calibration is on a day of your choosing when you have sufficient time to devote to the calibration process preferably after the markets open and price settles down If you are not trading all 24 hours and your EA is active only during a specific session you can calibrate whenever Active 0 appears in the upper left corner of the chart If you are trading all 24 hours we recommend Sundays This is because the EA does not trade on Sunday so you have plenty of opportunity to calibrate without worrying about the mark
92. sSettings_ NSH lt gt 2K Note lt gt 20 Enter the calibrated value for NSt1 here wea NSH 78 waa NSH 70 Enter the calibrated value for NSt2 here wea TimeFrameMinutes G0 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 51 FxAutoFiringPini11_1 Enter the time frame you are trading in minutes 1 hr 60 4 hr 240 Daily 1440 and so on Common Inputs Leave the StartEntryTime and EndEntryTime settings at Value yo 00 00 00 and 23 59 59 respectively to trade all 24 hours If you jab StochasticsS ettings NSH lt gt ZE ASt e1 Nave calibrated the EA to certain hours then adjust the times accordingly Later in the Guide you will see the times set to yea NSH fo 08 00 00 and 16 59 59 respectively waa NSZ 78 Leave OpenBuyNow set to false unless you want to manually 123 TimeF rameM inuites BU enter a long trade If so set OpenBuyNow to true ab StartEntryT ime 00 00 00 PONa ad y eave OpenSellNow set to false unless you want to manua ab EndEntyTime 2 0 09 enter a ee trade If so set a to true z OPEN_BUY_NOW false 4 OPEN SELL NOt falze CAUTION Leaving either of these settings at true will cause the EA to continue to enter trades as soon as one closes The EA will follow those instructions until your account is drained To prevent this from happening as soon as your trade is opened reset the
93. sk 1 Slippage 3 MaxStopLoss 313 129 95 6 6 22 21 66 55 62 1 07 BiasFactor4TR 1 TP_SLDistance 120 NSti 65 NSt2 65 Account 6039211 Lots 0 1 PercentofBalanceRisk 1 Slippage 3 MaxStopLoss Settings Optimization Results Optimization Graph Results Graph Report Journal Again to set them as parameters in the Strategy Tester EA either double click anywhere in the row for pass 1 or right click in that row and select Set Input Parameters Doing so will take you back to the Strategy Tester s settings window With the optimization box no longer checked you can be reasonably certain that the values were automatically entered in the Tester EA Expert Advisor FrAutoFiingPin111_1 Copyright 2008 2012 Group Thee LLE a Expert properties Symbol EURUSDm Euro vs US Dolar a Period mo x Symbol properties Model Control points a very crude method based on the nearest less timeframe the results must not be considered O Optimizat Open chart Use date v From 2011 12 04 To 20111218 gt Modify expert Visual mode i Skip to 2012 01 09 v 1 088 1 280 8 316 0 01 55 0 00 20 Start Settings Optimization Results Optimization Graph Results Graph Report Journal Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 42 Open the Tester s expert properties box
94. st profit protection will kick in Illustration G When price reaches that level the stop loss will jump to breakeven plus ten pips We ve drawn a dotted purple line to indicate the profit protection level EUROS Om Hi 1 29745 1 29745 1 296993 1 29699 Madian nooo 11 1 Proft Protection 142944 Kooread 1 9 SLS at 1 30048 Init SL 60 Takaro SHORT ticket num 11 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 71 As the trade progresses the stop loss jumps to within ten pips of the entry price Illustration H In other words the stop loss will begin trailing even before the initial profit protection level is hit In Illustration I the initial profit protection level is reached and the stop loss jumps to break even plus ten pips 1 30670 1 30485 1 30295 Stop Loss jumps to break even plus five pips Initial profit protection level In Illustration J we are going to zoom out to catch another enhancement in the EA s algorithms the adaptive profit target Recall that our initial profit target is 240 pips You may also remember that we calibrated a parameter called TP_SLDistance and that its value was 130 pips Those 130 pips represent the distance between the adaptive profit target and the stop loss Thus every time the stop loss moves the target will move too This strategy offers the opportunity to gain more than the targ
95. stems often called trading robots fail to live up to their potential for the following reasons e They have a one size fits all design that doesn t adapt well to changes in the markets e They were designed and tested on a particular broker s platform using data that most likely differ greatly from your broker s data e They are not calibrated to YOUR broker s price data But don t worry we have developed a simple solution It allows you to periodically calibrate AutoFXFiringPin to your broker s data We ll show you how in Module 1 System Features Extremely user friendly Driven by price action Thoroughly tested for the hourly time frame Trades on breakout of Firing Pins in direction of trend Trades on reversals against the trend during retracement periods Automated trade management from setup to exit entry trailing stop loss profit conservation exit strategies including o Select the appropriate Firing Pin Move Firing Lines into position Determine initial stop loss and profit target pips during calibration Calculate correct position size for your risk Monitor markets for entry exit conditions according to parameters Perform all math for determining breakouts Enter trades automatically when conditions are met Submit initial stop loss and profit target orders Automatically move trailing stop loss according to calibrated settings Reduces or advances initial profit target according to conditions Profit tar
96. stic line is above the signal line AND the Stochastic line is above the signal line AND the STC is above 25 and rising OR the STC is flat near the bottom of the the STC is flat near the top of the scale scale cut the profit target in half the Stochastic line is below the signal line AND the Stochastic line is below the signal line AND the STC is below 75 and falling OR the STC is flat near the top of the scale the STC is flat near the bottom of the cut the profit target in half scale Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 66 Trade Entry Requirements NOTE As in the previous section you do NOT need to know the following rules They happen automatically We are supplying them here for those who like to know everything about how and why the EA does what it does These entry rules are different from previous versions of AutoFxFiringPin and VASTLY different from the manual method The AutoFxXFiringPin EA trades on breakouts above or below the price level determined by the interaction among the current price the Firing Pins the Firing Lines the Stochastics STC combination and the directional diamonds Since that is the case the following illustrations will define the term breakout as currently used by the EA Three bars are involved between setup and entry 1 The Firing Pin bar In setting up for a trade the EA uses most recent firing pin as a guide to esta
97. t the information in this guide please download and read the Technical and Trouble Shooting FAQ http autofxfiringpin com autofxmembers Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 AQ Module 4 FXAutoFiringPin EA Initial Setup This module of the quick start guide introduces you to the FX Auto Firing Pin EA and shows you how to set the EA up for automated trading Important Note Modules 1 3 are demonstrated for you in a training video on the members download page Make sure to watch it after reading through this material E 150 For best viewing of the illustrations that follow you may wish to increase the page magnification to 150 or select Page Width from the magnification 7 window Text Width Whole Page Two Pages Manual Tasks You Perform Calibrate the EA on a regular basis at least once every two weeks Enter the calibrated parameters into the EA Determine your risk Automated Tasks Performed by the Expert Advisor EA Select the appropriate Firing Pin Move Firing Lines into position Determine initial stop loss and adaptive profit target pips during calibration Calculate correct position size for your risk Monitor markets according to calibrated parameters Determine breakouts Enter trades automatically when conditions are met Submit initial stop loss and profit target orders Automatica
98. t to install the script Gt orograrn files E amp CM Trader 44 Cc pragram fless FDO MetaTrader 44 ie program files lnstaT rader 7 c program files interbank Fe Trader 4 cAprogram files MG Trading Station J oc program tiles Multibank Trader Je program files OOL MetaTrader 44 10 You will see the progress window below as it installs all necessary files into each of your MT4 platforms you designated in the previous step Please wait while installing Downloading file 6 of auto fringpin ste tpl OB JESSEN B39 KE Cancel Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 10 11 Setup has finished Click Finish Setup AutoFXFirinePin MT4 Be Completing the AUtOFXFiringPingMT4 Setup Wizard Setup has finished installing 4utoFeFinngPin MT 4 on your computer Click Finish to exit Setup 12 Open Your MT4 and skip on down to Initial MT4 Setup Important Note You will need your license info that we sent you via email within 24 hours of your purchase usually within hours during regular business days before you are able to proceed with a working copy of the software What to do if the installer cannot find any instances of MT4 on your computer The installer is set up to find all instances of the MT4 residing in both Program Files and in Program Files x86 If for whatever reason the instal
99. then click on Properties This will bring up the properties box Trading Boome Indicators List Ctrl Se Remove Objects List Ctrl B val Strategy Tester FE After your FiringPin EA is open do the following a ee i File Common Inputs g Fhe View nger FeAutoFinngPin 1 11 1 2088478556 0 1 z AutoM onevM anage 3 true Ve PercentofBalanceRisk 4 1 0 E Slippage 5 3 We MaxStopLoss 60 0 Load 2a akeProtit 23 TakeProfi 240 v2 SolitFrotATR 0 75 Save Cancel Reset a Enter your trading account number and double check to make sure the number you entered is correct The EA will not function if you fail to enter the number or if the number you entered is incorrect b If you have your own money management and position sizing strategies use this line for entering the number of lots you want to trade Make sure to change AutoMoneyManage to false c If you do not have your own money management and position sizing strategies set AutoMoneyManage to true The EA will automatically calculate your position size based on the percentage of your account balance you feel comfortable risking d Enter the percentage of your account balance you want to risk We recommend no more than 1 per currency pair if you are trading multiple currency pairs and no more than 4 for all of the pairs you are trading Thus if you are trading five pairs your risk for each pair would be 0 8
100. to sleep at night This concludes the module on money management NOW it s time to activate your AutoFXFiringPin and begin trading If you have any technical questions about the information in this guide please download and read the Technical and Trouble Shooting FAQ http autofxfiringpin com autofxmembers Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 80 SPECIAL NOTICE ON SUNDAY TRADING The AutoFXFiringPin is hardwired NOT to trade on Sundays In the United States most brokers bring their dealing desks online around 17 00 Eastern Time Sunday evening That translates into 22 00 GMT or about two hours before Monday morning 00 00 GMT Those two hours represent the first hours of the trading week They are usually chaotic because of low volume low liquidity and low participation After about 01 00 GMT as the Tokyo market begins to warm up liquidity volume and participation rise making for a better trading environment Therefore if you live on the East Coast of the U S and want to trade on Sunday wait until at least 8 PM That way it s still Sunday for you but Monday for the EA But if you absolutely MUST trade during those opening two hours of GMT Sunday you will need to enter the trade manually as outlined in Module 4 Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 81 1 Why My Results May Differ
101. ule 2 Firing Line Placement Examples Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 62 In the automated version the only line that is active is the one that matches the color of the current directional diamond These diamonds are generated by the AutoFiringPinLines indicator red diamonds for downward direction and green diamonds for upward direction They are located at the low or high of the previous bar As in the previous automated versions the opposing line is irrelevant and the EA will disregard a breakout beyond it Thus in version 1 111 the RGLineFactorATR parameter was removed from the EA properties box The BiasFactorATR runs on a scale of O to 1 ATR As its value increases toward 1 the active Firing Line will be located that percentage of an ATR upward from the current directional diamond for longs and downward from the current directional diamonds for shorts When the BiasFactorATR is set to O the active firing line is located within the directional diamond s center line In this case the market direction is downward as indicated by the red directional diamond Note that the center of the diamond is aligned with the previous bar s low BiasFactor O In this example the BiasFactorATR is set to 1 so the active firing line in this case the red line is offset one ATR from the red directional diamond in the direction of the long term trend BiasFactor
102. urce filling in the blanks if necessary as the strategy tester reconstructs price action during calibration Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 29 Below is a table of trade server history data prior to download Assume that it is mid September Note that for EURJPY the history consists of 4 765 M1 bars that run for only a few days from the end of May to the beginning of June Also there are no D1 or H4 bars Furthermore the EURUSD history is incomplete There are no D1 M15 or M1 bars listed This is what I cal E Open Offline Chart History Data EURIPY Mi EURIPY MS EURIPY M15 EUR IPY Ma0 EUIRIPY H1 EUIRUSD MS EFURUSD Mat EURUSD H1 EURUSC H4 GEPUSD MS GBPUSD H1 GBPUSD H4 NZDIPY MS NZDIPY Hi NZDIPY H4 phantom history 2011 05 27 12 10 2010 12 31 22 20 2010 06 15 01 00 009 11 02 14 30 005 11 03 07 00 2011 05 23 16 50 011 02 01 23 00 011 01 2 21 00 006 03 23 12 00 2011 05 23 16 55 011 01 26 21 00 006 05 16 08 00 011 06 09 17 25 011 02 18 20 00 010 02 26 16 00 2011 06 01 20 34 2011 06 01 20 35 2011 05 30 23 00 2011 05 30 23 00 2011 05 30 23 00 2011 06 20 22 10 2011 06 01 40 00 2011 07 20 00 00 2011 05 30 20 00 2011 06 01 40 30 2011 07 20 00 00 2011 05 30 20 00 2011 07 20 00 35 011 06 20 42 00 2011 06 20 20 00 After downloading the data if your tab
103. ut you will be using the parameters obtained from the calibration you performed earlier The illustration below contains the values from the example calibration run found in Module 2 Simply enter them into the appropriate cells in the EA You will be following this procedure on a regular bi weekly basis Variable Setting Mum V MaxStopLoss 60 J pa r TTakeproft 240 x TEI Erea NStl lt ZK NSte lt gt 2D Slowing hel eau A Your pre trade EA setup is complete Click the OK button on the properties box and the EA will attach itself to the chart in the charting window Set up Your Indicators In order for you to see on your charts what the EA sees you will need to do the following 1 Open your Stochastics Indicator Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 54 A Right click on the Stochastics Line in the indicators window and selecting Stoch Properties B Enter the calibrated settings for the Stochastics NSt1 K and NSt2 D The Slowing parameter s is hard coded into the EA at a value of 2 Make sure the rest of the settings are identical to those in the illustration below then click OK Stochastic Oscillator ba Ea Variable Setting V MaxstopLoss 60 TakeProfit 240 EEN Nyh 778 Vinse N52 2 Open your AutoFiringPinLines Indicator by right clicking on any directional diamond A Select A
104. utoFiringPinLines properties B Change the settings by entering the calibration results for the NSt1 and NSt2 parameters into the Stoch1 and Stoch2 cells respectively Click OK Parameters Colors Levels Visualization fa Stoch 8 78 2 properties XK period I we m Delete Indicator ZD period 52 LA Delete Indicator Window Slowing 2 Price field Low High MA method Linea Indicators List Ctrl l Fixed minimum 0 it ea Custom Indicator AutoFiringPinLinesC AutoFiningPinLinesl properties wy i A Delete Indicator Common Inputs Colors Visualization Delete Indicator Window had Stochi 78 Indicators List Ctrl4 waa Stoch Fa Your pre trade chart setup is now complete Copyright 2011 and beyond Group Three LLC www autofxfiringpin com All Rights Reserved Jan 11 20112 55 Now that you are finished with all of the setup work your EA should be up and running on your chart In particular the upper left and upper right corners should resemble the chart below EURUSDm H1 1 27471 1 27509 1 27279 1 27490 FxAvutoFiringPin111_1 f 1 31630 Version FxAutoFiringPin w1 11 1 Red Line 1 2756 Green Line 1 2778 ATR 21 Spread 2 E i Init SL 60 Profit Target 240 Active 0 Firing Pins ee Num Lots L 0 05 4 0 05 1 30790 syteh says Status nt a 1 30380 1 29960 1 29550 ly 1 29130 Firing Lines ai 1 28300 het mi Wi Peg En Lid a a

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