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> Initial Platform Setup Necessary.

> This will allow Live Automated Robot (Expert Advisor / EA) trading to commence.

 

Attach the Expert Advisor to the desired chart.  After attaching the advisor to the chart, you will get the Window with Advisor’s Parameters. Select the COMMON tab and follow the diagram below.  It should look identical.

www.forex-expert-advisor-free.com - setup properties page

 

 

 

 

 

 

 

 

 

 

 

Also, at the main menu (top left of Trading Platform), click on [Tools] and [Options]. Click on the [Expert Advisors] button. Make sure the set up looks like this below.

 

www.forex-expert-advisor-free.com - free setup - tools - options

 

 

 

 

 

 

 

 

 

 

 

 

Then click “OK” to run the advisor! If you set the advisor correctly, you will see his smiling face in the top right corner of the Chart window. That means that the advisor is working and monitoring the market now.

 

Forex - Smiling Face

 

 

A chart with a frowning face means that the Expert Advisor is attached however live trading permissions are locked.  Please review this page again and make sure your platform setup is identical to the diagrams shown above.

 

Forex - Live Trading Setup

 

 

Now that we have setup the Platform and Expert Advisor correctly for automated trading, we will need to be patient.  Since the EA is running on a 4 Hour interval, it will only look at snapshots of the market at these periods before opening a position.  After a position is opened (long or short) however, it will constantly monitor its position at every tick looking to make a profit or close a loss.

 

Disclaimer: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex market. Don't trade with money you can't afford to lose. This web site is neither a solicitation nor an offer to trade Forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this site. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. 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. Moreover, the leveraged nature of Forex 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 your position will be liquidated and you will be responsible for any resulting losses. Investors are recommended to lower exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders. Forex-Expert-Advisor-Free.com will not be held responsible for the reliability or accuracy of the information available on this site. The content provided is put forward in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Forex-Expert-Advisor-Free.com. CFTC rule 4.41: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.