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EA PropatternFX V3 ( Expert Advisor, The trading robot )
Created by G-Kairul Founder of www.propatternfx.com
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Introductions : Welcome and thank you for using our EA PropatternFX V3. This EA uses Moving Averages and Divergent to get our trade entries. The details of this EA will be shared later in this ebook. After comprehensive backtest and forward test, we come with several mode settings that will be able to give good returns on your capital, provided that you use a good money management. We hope that this EA will grow and be able to bring good trades to you. Thank you, G-Kairul, Founder of EA PropatternFX www.propatternfx.com
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Getting our EA We do not sell the EA but it is compulsory to join our broker’s affiliate link and trade our EA using this account as our EA will be lock to the new account. We provide 3 brokers that you can open with: FXTM (If you join other IB in opening under FXTM, you can email support to ask to be changed IB to my number) XM (If you join other IB in opening under XM, you can click my link, login and open additional account) FBS (If you join other IB in opening under FBS, you can email support to ask to be changed IB to my number) As soon as you open the account (while waiting to be verified) , you can pm me in the telegram (@kairulazhar) or email me at (
[email protected]) , to get your EA. (If you want to try our EA, we give 5 days trial lock with time limit, to test our EA and back testing it, you may contact me to get the trial EA)
VPS Set Up It is recommended for you to use this EA in VPS so that the EA will be able to run 24/7. To support our EA, you may open your VPS account with our recommended VPS: http://vpsforexindonesia.com/billing/aff.php?aff=300
Account Setup We strongly encourage the use of cents account as we need a minimum of 10000 as the capital to ensure safe trade against the strong market movement especially with Gbp and Jpy Pair, but you can however use a smaller amount but make sure to reduce the lot size in your trade. Below are the chosen type of accounts under our brokers : XM – Micro account, leverage 1:888 , Minimum 300 usd FXTM – Cents account , leverage 1:1000, Minimum 100 usd ( 10K cent account) FBS – Cents account, leverage 1:1000, Minimum 100usd (10K cent account)
Setting up MT4 in VPS In your computer/ laptop, open remote desktop connection program (it is available default in every computer). Fill in your ip address, username (email) and password (From VPS provider). Login and in your remote computer, download the fxtm metatrader(or any other broker’s MT4) using the web browser (www.forextime.com) and install. Launch your metatrader and we are ready for the next step. Next step : 1. Copy and paste the file Propatternfx Scalper V3.EX4 into your MT4 Experts folder. 2. Copy and paste osma_divergence.ex4 into your MT4 Indicators folder. 3. Copy and paste NewsCal-v107_X.ex4 into your MT4 Indicators folder. 4. Restart your MT4. 5. Synchronising computer time with Forexfactory.com , for the news indicator filter. - Make sure you are log in the VPS, use internet explorer and go to www.forexfactory.com - Signup as a member in forexfactory.com and sign in. - Click on the time, top of the page inside forexfactory.com
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Click on auto match time with your computer time, or you can choose the timezone of your vps to match the time in Forexfactory.
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Save settings. Click on calendar and make sure the time as pointed match with your computer’s date and time.
6. Open up your MT4 and open any chart e,g Eurusd pair. 7. Change it to M5 Timeframe. (The higher TF the better as the EA will use that TF trend and reduce false signal , but the entries will be slower)
5 8. Insert, Expert advisor and choose EA PropatternFX V3.
Make sure you tick allow live trading and allow dll imports boxes under the common tab
Under the input tab, Choose load and find the settings you want to use in the folder PropatternFX Scalper V3. (There are already several settings premade from Version 2 , more will be made available for Version 3)
6 9. If you set news filter to true, you should see a green box at the top left of the chart. - It should display all the incoming news for the week with the correct time. - At the right corner, there is a green text line that shows the next news text, it should have correct date and time with the News in the Forexfactory website and computer’s VPS date and time. ( If it doesn’t match, please refer to page 3 of this manual)
Green box with the news displayed correctly
Make sure the next news has the correct time with your VPS computer’s time and in the forexfactory’s news time
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What’s new in V3 : News Filter. - For V3, we included news filter, we provide a feature called discreet mode where if you enable the news filter, it will lock the last lot used multiple times according to your settings. Example, you are in a trade and currently floating negative with the last lot at 0.80 , 20 minutes before news ( this can be changed under settings) any new orders or within the news spike will still be using 0.80 lot. 1st order : 0.80 2nd order : 0.80 3rd order : 0.80 And so on depends on your settings for the discreet multiplier (default at 4) 5th order : 0.96 ( using the multiplier 1.2) 6th order : 0.96 And so on After 25 minutes from the news (again you can change this time period) , discreet mode will deactivate and any new order will use again the exponential value. This helps to reduce the pressure on your margin level because of the exponential. Note : The news filter will activate on any news within your condition e.g high impact, irregardless of the pairs , e.g news on usd but your pair is EurJpy, it will still be activated
Discreet Mode. This mode can be enable outside of the news filter, thus it provide gap and less pressure on your margin, there is a setting that we call trendhunter that exclusively uses this unique mode. The idea is that through divergence ,we know price is expected to reverse but sometimes it goes beyond before it reverses especially during trending or news spike. This is where most EA users got stop out because the margin just cannot cover for the wide range. Through discreet mode, it provides some space in your exponential lot so that it can reach the range where it can reverse. Since the starting lot is 0.01 and we recommend 5K account (cent account is permissible) there won’t be lots of profits unless it starts trending or spike where it open the order until it reaches high order and close.
Daily Target Profit The daily target gives a targeted percentage based on your equity. This will help to avoid overtrading and ensure much more relaxed trading. Example you set 3% as the daily target profit. As soon as your trade reach the 3%, it will auto close the EA for the day and only restart on the next trading day.
Margin Protection mode This gives protection to your account if you set a percentage of it; default is at 90 as we want to give way for the EA to trade. Depends on how conservative in your trading, you can set lower value in order to protect your capital. But since this is martingale type of EA we recommend giving some space for the EA to trade.
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FAQ : 1. Can I use a different timeframe ? e.g H1 or even m1 ? - Yes, but backtest is necessary , maybe even trying it in demo account first to find the correct settings for the changes. 2. Can I use a standard account ? - Yes, but you need to change the lot size and the multiplier to accommodate this changes. We suggest that you use 0.05 with lot multiplier of 1.1 and a starting capital of 3000 usd , per pair and only on Eurusd. 3. Can I use micro account ? - Yes, you may but again you need to modify the lot size and the lot multiplier a bit lower from the normal settings. 4. When I am testing the EA in the strategy tester, I keep on getting mixed results on the trade. Why is that ? - Before we released this EA to the public, we did intensive backtest and forward test to make sure we can achieve optimal performance. In the strategy tester, the results will vary depending on when you started the test and the current market conditions during that test thus even well known EA also faced stop out during the backtesting stage.
Backtesting the EA
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Final Word : We hope that this EA will continuously bring profits to your trading and with good Money Management , we strongly believed that it will, as proven by our members. Feel free to share our telegram group link or email in order to reach us and get the newest version of our EA. We will continuously add new features that will move our EA to greater levels. We also have a strong community that continuously share their settings and trade tips using this EA. G-Kairul, Founder of propatternfx EA.
