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Forex Thor II User Manual

1. MetaTrader FXOpen DinterbankFx MetaTrader4 MetaTrader Pepperstone internet Explorer MetaTrader 4 CALITEFOREX MT4 MetaTrader 4 RoboForex CIMarkets com MetaTrader MetaTrader 4 at FOREX com MetaTrader Alpari US MetaTrader 4 by ThinkForex 4 Folder name C Program Files MetaTrader Alpari UK Advanced Installer Make sure the destination folder is correct and click Next Select Installation Folder This is the folder where Forex Thor Trial will be installed Click Browse and select the folder in program files of your PC where your Meta Trader 4 platform is installed When ready click Next For assistance please contact us at support forexthor com Folder c Program Files MetaTrader Alpari UK Need help Detailed information regarding destination folder setup and usage can be viewed in the user manual If you didn t request a trial key yet select Request a trial key it s free and click Next If you already have a trial key select I already have a trial key To continuo click Next Free License Request a trial key or just continue if you already have one Choose an action and click Next to continue Request a trial key it s free Ialready have a trial key Trial key is required to activate the trial version after installation If you don t have a key select Request a trial key and click Next If you already have a tria
2. download process can take up to 15 minutes 19 If you get There are no new data for a symbol EURUSD message There are no new data for a symbol EURUSD P Do you want to recalculate all timeframes There can be the following reasons for that e You already downloaded the data and there is no new data available for downloading at the moment If it so click Yes to recalculate all time frames e The MetaQuotes Server is not reachable or doesn t respond Try again on the next day e Your Broker uses a different currency symbol name then EURUSD Example EURUSDx If it so you cannot use the data from the MetaQuotes server and it is recommended to use another platform for testing Optionally you may contact your Broker asking if they can provide you with hst data When the download is finished restart your Meta Trader 4 platform 20 Running Back Tests Open the Strategy Tester Path Menu gt gt View gt gt Strategy Tester Optionally press CTRL R on your keyboard Inset Charts Tools Window Help Languages Toolbars T MS MIS M30 Hi Ha Status Bar Charts Bar Market Watch Data Window Navigator Tenninal Strategy Tester Cin R Full Screen 11 Mar 2011 11 Mar 21 30 14 Mar 00 30 14 Mar 02 20 14 Mar 0 30 14 Mar 0 30 14 Mar 06 20 14 Mar 10 30 14 Mar 12 30 To start with the setup click at the Expert Properties button Expert Advisor Forex Thor ll Copyright 2012 Fo
3. Waming M Orange Color Error Red Trial Key Input field for the trial key we sent to your e mail Core Number It allows you to choose which trading core should be active 1 3 Each trading core operates independently from each other and can be tested separately Core 1 is the most profitable core because this core uses the most aggressive settings Core 2 uses fewer aggressive settings what results in fewer trades and higher win rate Core 3 uses very conservative settings and trades only sure bets Aggressive Here you can enable disable the aggressive mode true false If it is set to true the system will use more aggressive settings for Core 1 resulting in more trades higher profits but also slightly higher draw downs 24 Money Management Enabled Here you can enable disable the built in money management module In case you disable the module the system will trade with fixed lots When enabled the lot size will be calculated based on the available free margin and the chosen risk per trade MoneyManagement RiskPerTrade Money Management Risk per trade It allows you to adjust the risk per trade Example 0 02 max 2 risk per trade 0 03 max 3 risk per trade Note The Thor trading system uses flexible stops That means that the stop loss value changes automatically with the market conditions Example During flat market conditions low volatility stop loss levels will be very tight while larger stop le
4. fxcc com Alpari UK http www alpari co uk Think Forex http www thinkforex com IBFX http www ibfx com Opening a new demo account and installing the platform requires just a couple of minutes and is free Installation After launching the installation file click Next to start with the installation process Welcome to the Forex Thor Trial Setup Wizard The Setup Wizard will install Forex Thor Trial on your computer Click Next to continue or Cancel to exit the Setup Wizard Please don t forget to download the user manual It includes important information regarding installation setup and usage Choose the folder where your Meta Trader 4 platform is installed Destination folder Select Installation Folder This is the folder where Forex Thor Trial will be installed Click Browse and select the folder in program files of your PC where your Meta Trader 4 platform is installed When ready dick Next For assistance please contact us at support forexthor com Folder C Program Files MetaTrader 4 Need help Detailed information regarding destination folder setup and usage can be viewed in the user manual Download User Manual To do so click Browse and go to gt gt Local Disk C gt gt Program Files Click at the folder where the platform is in stalled When ready OK Change current destination folder Browse to the destination folder A Program Files
5. other trading systems which are typically based on technical indicators the Thor trading system uses truly revolutionary trading algorithms At the same time it is very easy to use and installed with just a few clicks However as the Thor trading system is much more than a usual expert adviser please take a few minutes to read the user Manual careful In case you have questions please don t hesitate to contact my support team at any time Best Regards Alexander Collins and Team www forexthor com System Description High end trade logic state of the art features Forex Thor II Usually automated trading systems are based on technical analysis and while there are many analytic methods they do have one thing in common They are all based on historical data which means they show us traders nothing else than what happened in the past The Thor trading system emulates level two data with very high accuracy and enters new trades whenever there is a significant imbalance between the buy and sell volume As the result the win rate is very high and only small risk needs to be taken per trade Analytic reports which can be viewed in the user area show an outstanding risk reward ratio from 1 3 That means that for every USD the system los es it wins 3 USD In combination with the features described below it makes the Thor trading system the most advanced trading system available today For more information how Level 2 data can
6. to your computer If so click Yes to continue 11 After that the final step of the installation process will start immediately Installing Forex Thor Trial Please wait while the Setup Wizard installs Forex Thor Trial This may take several minutes Status lw R Advanced Installer lt Back joe j When the installation is completed it may take several minutes click Finish to exit the setup wizard Completing the Forex Thor Trial Setup Wizard Click the Finish button to exit the Setup Wizard lt Back Finish Cancel i 12 Attaching the Thor Trading System to the Chart Start the Meta Trader 4 platform where you installed the Thor trading system to Go to the Navigator window click at the Expert Advisors drop down menu and attach Forex Thor II trial to the EURUSD 30 minute chart fn File View Insert Charts Tools Window Help ete Eh lt gt Sey EJ Fi Gq New Order G Expert Advisors J1 10 p T 7 2 Mi MS MIS M30 Hi H4 Di Wi MN Navigator EURUSD M30 1 32678 1 32712 1 32656 1 32680 5 Expert Advisors BQ Hedge 3 Forex Thor I Forex Thor I Trial QR FPL n MACD Sample 1 30000 12 Mar 13 00 13 Mar 05 00 13 Mar 21 00 14 Mar 13 00 15 Mar 05 00 A new window with expert properties will popup Click at the Common tab Allow DLL imports check and import from external experts check Confirm
7. 11 Mar 21 30 14 Mar 00 20 14 Mar 02 30 14 Mar 04 30 14 Mar 06 20 14 Mar 06 30 14 Mar 10 30 14 Mar 12 3 16 After making sure that your Meta Trader 4 platform is not outdated you can start to download history data from the Metaquotes server As mentioned earlier you will only be able to download them when the currency symbol for Euro Dollar is EURUSD In case you installed the Thor system on a platform where the symbol code for EURUSD is different you will not be able to use the data from Meta Quotes Further the platform should use a five digit five decimals after the comma price feed Four digit price feeds are typi cally very inaccurate and as result trading results are worse In case you don t have a Meta Trader 4 platform installed which meets these requirements you may open a new demo account with on of these brokers FXCC http www fxcc com Alpari UK http www alpari co uk Think Forex http www thinkforex com IBFX http www ibfx com To start with the download open the Options window Path Menu gt gt Options Optionally press CTRL O on your keyboard File View Insert Charts Tools Window Help EL New Order History Center Global Variables Meta uotes Language Editor Options 11 Mar 2011 11 Mar 21 30 14 Mar 00 20 14 Mar 02 30 14 Mar 430 14 Mar 06 30 14 Mar 06 20 14 Mar 10 30 14 Mar 12 3 17 Go to the Charts tab and enter the number 999999999 in Max Bars in History and Max Bars in
8. Chart forms Server Chats Objects Trade Eper Advisors Emai Publisher d Show trade levels v Show OHLC Show ask line Show period separators Color print W Save deleted charts to reopen Max bars in history 9999999999999 Max bars in chart Now open the History Center Path Menu gt gt Tools gt gt History Center or press F2 on your keyboard File View Inset Charts 4 History Center Hi 39329 1 39230 Global Variables MetaQuotes Language Editor Options ra ET 11 Mar 2011 11 Mar 21 30 14 Mar 00 30 18 Downloading the History hst Data For highest possible modeling quality you need to download the one minute data Click at EURUSD then choose 1 Minute M1 and click Download at the bottom of the window R 1 Minute M1 30 Minutes M30 nE 1 Hour Hi B 4 Hours H4 A new window with You are going to download data from warning message will pop up Click OK to continue You are going to download data from the MetaQuotes Software Corp history center but your account is opened on the Alpari UK Ltd trade Please do not forget that the downloaded history data can differ from the data stored on the trade server This is why these data cannot be used in disputes over historical prices with Alpari UK Ltd If you still want to continue press OK Note Depending on the internet connection speed
9. Forex Thor II User Manual Trial Version Alexander Collins 2012 www forexthor com www forexeasystems com www pipburner com Contents POOU RER A tirana ston sevens AE E E acs eqeesuedial E S 3 NV EN CSCO OM resected ne as oc ed eee Da een de de na cn ele ie oi 4 FF ak CCS UNCLE VSI Sess aa ten eo eorangeoatsuneee aan easoatyss 5 General RECOMMENGATIONS wcsssscsecdsssacsccenseccnsayannncdcnesntniecdasenshane dencsacedensidnasaeassibeadeansndaavedenwiosvdoaeavsean cnegvasedeeuadeasedtanananeones 7 TRES LE OL e E E ney aac site eat sateen sue cioasrep gia oaaseneantneaassanseugasnaeo ansehen buaesds ssaqaeanoaronadeeeestenieessscnare 8 Attaching the Thor Trading System to the Char asics acccucnntincsosiengennnncueed alee deunateadtvodasratednseweseun temurunstouniesdenandaessssiiacondewends 13 Trial Version ACTIVATION asr ora E EE ATAOE E 15 Preparing eile Oli TOU TESNE da en den T E 16 Downloading the History RS DAS a a 19 RAD T Oa UR 24 302 1 ad RES CRE ene a E ee een ere eae 21 Ol US CONS vai E nics E E E sub sme acne man Naame asian ve A E ace neuneaacsa EE EE E E cn 24 CUSTOMS PE 2 EE 27 FS DIS CIS a ee da ae a a ne an ie re ed bn 29 OS QE LOL WAGON LS LE OZ 30 Introducing Dear Forex Trader First of all want to thank you very much for your interest in the Thor trading system Forex Thor Il is the result of many months scientific studies and research of the foreign exchange market and available resources Unlike
10. Managing risk exposure smart is essential for every successful trader That s why the Thor trading system comes with built in money management It manages risk and trade size according to your setup and available free margin So far that is nothing too special In fact most automated trading system comes with built in money management However the money management from Thor goes far beyond usual money management Not only does it calculate lot sizes and place trades accordingly but also it manages them dynamically and monitors free margin levels to ensure you never have to deal with major draw downs General Recommendations We highly recommend to install the trading system on a Meta Trader 4 trading platform where 1 The symbol code for Euro Dollar is EURUSD In case you install it on a platform where the symbol code uses some kind of extension Example EURUSDxx you will be not able to download the history data from the Meta Quotes Serv er Note this is only required for testing For forward trading the symbol code for EURUSD does not matter as the Thor system recognizes all Euro Dollar symbol codes 2 The platform should use a five digit five decimals after the comma price feed Four digit price feeds are typically very inaccurate and as result trading results are worse In case you don t have a Meta Trader 4 platform installed which meets these requirements you may open a new demo account with one of these brokers FXCC http www
11. TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS Source for CFTC Rule 4 41 http www cftc gov Currency trading offers amazing profit potential but includes also large risk potential Therefore currency trading on margin may not be suitable for all individuals The high leverage offered in the currency market can work against you as well as for you Before you get started with trading in the foreign exchange market you should consider your investment goals objec tives trading experience and your personal risk appetite You should be also aware of the existing possibility that you could lose some or in the worst case all of your equity For this reason we recommend that you invest only funds you can afford to lose Only discretionary money should be used for currency trading Make yourself aware of all possibly risks associated with trading currencies on margin If you have any questions or concerns you should contact an inde pendent financial advisor By using our Forex systems and Forex trading strategies you agree to hold us and everybody who is involved in the production development and distribution free of any responsibility Any live trading you do you are doing at your own discretion and risk 29 Contact Information Whether you hav
12. ation from DLL function calls needs to be disabled no check Common inputs Common Safety Long amp Shot v positions Allow DLL imports Confirm DLL function calls J Enable alerts V Allow import of extemal experts Disable alert once hit p exp Live Trading J Allow live trading Ask manual confirmation Cancel Reset 13 After the system is attached it will take its place in the top right corner of the chart File View Insert Charts Tools Window Help z ity Fahy a E al ps New Order B Expert Advisors Jt Is Mi MS MIS M30 Hi H4 Di wi MN EURUSD M30 1 33337 1 33455 1 33328 1 33446 Forex Thor II Tria C2 2012 ForexThor com Trial version does not support forward trading 1 33505 1 334 LS ACCOUNT INFORMATION Currercy Balarce 5000 00 Margin 1 33165 Free margin SYSTEM INFORMATION Core rumber Trading WARNING AND ERROR MESSAGES 28 Mar 2012 29 Mar 08 30 30 Mar 00 30 30 Mar 16 30 3 Apr 01 30 TH 337 2 kb 14 Trial Version Activation When it is ready click at the Inputs tab and type in your trial key we sent to your e mail HAE EEE EEE Login link Forex Thor User Area Login e mail youremail mail com Password 97kl Trial Key 97kl FHttttettsttttttettttttt a Money Management Enabled ve MoneyManagement RiskPerTrade VD FxedLot Size 12 MaxSpreadinPips E Order Slippage Ia Then click OK After the su
13. be emulated and why this method is so incredibly effective please watch the Thor presentation video on our homepage Features and Benefits Voice Guide The voice feature is my personal favorite and we received lots of positive feedback for it The built in voice guide wel comes you assists you during the setup process and informs you about everything what is going on right now on your trading account am sure you will love it Auto Correction of incorrect inputs Sometimes everybody makes some mistakes That is quite normal and happens even to the most careful person The problem is that in trading small mistakes can lead to large losses Example instead 2 percent risk you type in 20 The result would be unacceptably high risk per trade what could lead to a serous DD Fortunately with the Thor trading system it cannot happen Whenever you change the input parameters it will check compatibility will correct small mistakes automatically and notify you in case they appear to be set up by mistake That helps to ensure you use the Thor trading system with correct settings High Spread Protection Sad fact is that many brokers are not so honest as they should be and love a rigged game Widening spreads during cer tain periods is one of the most popular tricks and can cost us traders a lot of money Thor monitors the spread contin uously and in case the spread goes above the allowed maximum value it disables trading temporarily until the
14. ccessful activation of the trial version you can start to run back tests adjust parameters and log in to the user area You can download detailed analytic reports compare test results and view actual trading results from live and demo accounts there 15 Preparing Platform for Testing The built in strategy tester from Meta Trader 4 is very useful to learn about e How the system performs during the different kinds of market conditions e The expected profit loss and profit factor e The expected number of trades and percentage from losing winning trades e The expected maximal and relative drawdown To get accurate results it is important to e Run tests only during market hours where the spread is close to the typical spread from your broker e Use complete history data hst If you run tests with incomplete data the results will be inaccurate and the mod eling quality will be less than 90 which means the results are probably insufficient e Run tests only on actual Meta Trader 4 build versions Build 220 or higher To ensure you use the latest Meta Trader 4 build version go to Menu gt gt Help gt gt About In the new window you will see the actual build version Make sure that you use the latest available build version If you are using an older build then 220 the system will not work correctly Fle View Inset Chats Tools Window Eh Et Le w i Help Topics t a MQL4 community F it i m r 2011
15. e a question about the Forex Thor system need assistance or would like to provide us with your feed back we want to know what s on your mind So don t hesitate to contact us at any time E mail support forexthor com Skype bestforexsupport Monday Thursday 09 00 18 30 CET Friday 09 00 14 30 CET 30
16. e data from the internal database That can take one or two minutes Expert Advisor Forex Thor Copyright 2012 Forex Thor com v Expert properties Symbol EURUSD Euro vs US Dollar M30 v Symbol properties i Model Every tick the most precise method based on Optimization Open chart Use date V From 1999 01 01 To Visual mode u Skip to Settings Results Graph Report Journal Once testing started you can click at the Graph tab Note Broker s spread swap rates and risk setup have a direct impact on the results For this reason results are slightly different from platform to platform If your broker uses floating spread you should run tests only during market times with typical spread and not during the weekends When you run a back tests from 1999 01 01 until today the results should be close to the results posted in the user area In case the results are different or you receive an error message during testing please contact our support team at support forexthor com 23 Input Parameters Variable ab TrialKey had Core Number z Aggressive z Money Management Enabled va MoneyManagement Risk Per Trade V2 Fixed Lot Size va MaxSpreadinPips sea Order Slippage ab Order Comment 4123 Order Magic Number 0 42 Voice Enabled true Color Regular White Color Okay D Lime Color
17. l key select I already have a trial key Advanced Installer Cancel Enter your primary e mail and click Next to continue Trial key and login data to the user area where you can access additional documentation detailed analytic results and can compare forward trading with test results will be sent to you within minutes Free License Request a trial key or just continue if you already have one Please enter your primary e mail Activation key and login datato the user area will be sent immediately Email E Your privacy is important to us In no case your e mail will be sold shared or rented to third parties Advanced Installer Cancel 10 After you send the request a new window with the following confirmation message will popup Click OK to close it Your trial request is ordered You ll receive your trial key and sign in y data within 5 minutes If it doesn t come shortly please check your spam folder Otherwise contact us for assistance To continue with the installation click Install Ready to Install The Setup Wizard is ready to begin the Forex Thor Trial installation Click Install to begin the installation If you want to review or change any of your installation settings dick Back Click Cancel to exit the wizard Advanced Installer Note Depending on your computer you might be asked if you wish to allow that the program to make changes
18. led Color Regular Color Okay Color Warning and Color Error It allows you to adjust the font colors according to your preferences 26 Customer Area Once logged in to the customer user area you can e View and download detailed back test reports modeled ticks and real ticks e Download analytic reports e View forward trading results from demo and live accounts updated every 5 minutes Note License Records and Bonus section is only accessible for users who own a full license To log in to the user area click here Forex Thor II User Area Login e mail e mail you used to register the trial version Password Password we sent to you CuStomer Area E mail Passwort orex Thor User Area Login e mail youremail mail com Password 97Kk1l Trial Key 97kl FHtttstttttsttsttetttttttt 27 Once logged in you will see a navigation menu on the left side Home Here you can download the latest version from the installation file and the user manual License Records This section is accessible for users who own a full license only In it users can update and modify their license records Live Results Here you can view the trading results from live and demo ac counts All results are directly published from our trading ac counts and updated every 5 minutes during market hours Back test results This section includes detailed back test results from 1999 until today tests
19. rex Thor com Expert properties Symbol EURUSD Euro vs US Dollar v M30 Symbol properties Model Every tick the most precise method base Optimization Open chart Use date v From 1999 01 01 To 20120326 Visual mode 21 Open the tab Testing and choose initial deposit and currency Positions should be set to Long amp Short Initial deposit 10000 Opinized parameter Genetic algorithm Optimization When it is ready click at the Inputs tab Type in the trial key and click OK Note All input parameters can be changed according to your preferences However for the first test it is recommend ed to use the default setup F MoneyManagement Enabled true MoneyManagement RiskPe FT FixedLotSize MaxSpreadinPips 22 Enable usage of date range check at Use date check box and From 1999 01 01 and To Today date Expert Advisor Forex Thor Il Copyright 2012 ForexThor com Expert properties Symbol EURUSD Euro vs US Dollar mo Symbol properties Model Every tick the most precise method basedon Optimization Open chart Use date v From 1999 01 01 To 20120326 Visual mode Skip to 20120402 Settings Results Graph Report Journal Click Start to start with testing Once you started the test Meta Trader will collect all availabl
20. spread goes back to normal As the result you never need to be worry that Thor places a trade when the spread is unaccepta bly high High Slippage Protection Many fellow traders think slippage is something they need to live with and that there is not much they can do against Fortunately that is not true In fact there are a lot of things we forex traders can do to get rid of slippage An opti mized trading environment in combination with the built in slippage protection works very effective and guarantees that no trades will be executed with unacceptable high slippage Flexible Stops Flexible stops is a unique and very powerful feature Depending on the market conditions the Thor trading system adapts stops levels automatically It ensures stops are placed as close as possible without being too close The benefit for the trader is that profits are as high as possible while it decreases draw downs to the lowest possible minimum 100 invisible to the eyes of Brokers As already mentioned not all brokers are angels and try to take action against profitable expert advisors To make sure brokers cannot do this we made the Thor system invisible for brokers When you set the magic number to 0 and add no order comments all trades will appear as manually placed trades to the broker which means the broker will not know that the trades are placed by the Thor system and will think you place the trades manually Built in money management
21. vels will be used during high volatile market conditions Fixed Lot Size Here you can specify the lot size for orders when you disable the money management module Max Spread in Pips Here you can specify the maximal accepted spread In case the spread goes above the specified value the Thor trading system will disable trading temporarily Note Input value should be Typical spread from your broker 1 pip Order Slippage The maximal accepted slippage also known as price deviation In case your broker sends a re quote and the deviation is above the maximal accepted value the Thor trading system will cancel the order Recommend input value 1 max 2 pips Order Comment It allows you to add order comment It is very helpful to identify trades in case you run multiple Experts Advisors on your trading account Order Magic Number Here you can add a magic number Magic numbers are used to identify trades Note Thor stores all trade information in its own virtual memory Therefore it is not required to use a magic number O is the magic number which is used for manual trades When you change it the broker can identify the system as a robot As long you don t change it and don t add an order comment your broker cannot identify the system as a robot 25 Voice enabled It enables and disables the voice feature Note When there is no ability to play sounds no speakers connected voice feature will be automatically disab
22. with real ticks from Dukascopy and analytic reports All reports can be viewed online and downloaded Bonuses This section is accessible for users who own a full license only It includes download links for the My FX Guard Soft ware the VPS Guide and the Broker guide Value 327 00 USD Contact It includes contact information Log Out Logs you out 28 Risk Disclaimer Before you make any investment or trading decisions it is very important that you inform yourself carefully about the opportunities and risk This includes not only the financial aspects but also legal and fiscal ones Please note that histor ical performance of a currency trading system or Forex trading strategy cannot be indicative of future results CFTC RULE 4 41 HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS UNLIKE AN ACTUAL PERFOR MANCE RECORD SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING ALSO SINCE THE TRADES HAVE NOT BEEN EXECUTED THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT IF ANY OF CERTAIN MARKET FACTORS SUCH AS LACK OF LIQUIDITY SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN THE RISK OF LOSS IN TRADING FOREIGN EXCHANGE FOREX CAN BE SUBSTANTIAL YOU SHOULD THEREFORE CAREFUL LY CONSIDER WHETHER SUCH

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