Installation and User Guide

Transcription

1 Installation and User Guide Ver 3.9 Contents How to install the MetaTrader trading platform... 1 How to install TripleB on your MetaTrader... 2 How to run TripleB... 4 Settings for the TripleB Alerter... 7 How to install the MetaTrader trading platform MetaTrader 4 is the world's most popular trading platform, with live quotes, charts, indicators and automated scripts. It is available for free, and you can easily download it from any of the brokers who support it. I use the broker USGfx who has an excellent reputation and trading conditions, PLUS they know not to mess with my traders... ;-) Here is the link to download and install MetaTrader: Download USGFX MetaTrader (you need to register for a demo or live account in order to download MetaTrader) Note: Install MetaTrader and TripleB on your desktop computer or laptop. Even though there are MetaTrader versions for mobile devices, the TripleB must run on a windows-based PC or laptop. Once you download the MetaTrader installation file from the above link, click it to run the setup wizard.

2 Use the wizard to install MetaTrader like you would normally do with any other application. After the installation finishes, open MetaTrader and login to your demo or live account. Since the TripleB works on live market quotes, you must login to a demo or live account, before installing and operating the TripleB. How to install TripleB on your MetaTrader These steps should only be performed once, after you purchased the TripleB: 1. Inside the zip file you've downloaded after purchasing the TripleB, find the file named: Forex_TripleB_Install_v1.0.exe 2. Double-click this installation file to run it. The installation wizard will open. Click the Next button and you'll arrive to the "Folder Selection" step. 3. Open your MetaTrader trading platform. 4. Click the File menu, and from it click: Open Data Folder.

3 5. The data folder will open. This is the folder where MetaTrader stores all indicators, expert advisors and other codes. At the top of the data folder window, you will see the location of the folder: 6. Copy the location text and paste it in the installation wizard empty box: 7. Click Next, then Install to complete the installation.

4 8. To refresh the MetaTrader platform, close MetaTrader and then re-open it. You now have the TripleB installed. How to run TripleB Open your MetaTrader platform. Before using the Forex Triple B for the first time, go to the Tools menu, click Options, then click the Expert Advisors tab and make sure the following boxes are ticked exactly as in the screen shot: Now your'e ready to use the Triple B. Open a new chart of one of the currency pairs you wish to operate TripleB on. To open a new chart, from the File menu choose New Chart, then click the currency pair you'd like to use:

5 On the top toolbar, click the H1 button to choose the 1-hour timeframe: Also be sure to click the elongated "AutoTrading" button to enable it: Right-click on an empty space in the chart area, and from the popup menu click Template, then click: TripleB_template You now have on your chart the TripleB template, which includes a unique chart-in-chart display. This display gives you constant indication on how the Daily chart looks like, without having to constantly flip through the hourly and daily timeframes. This is especially useful and time-saving when you have multiple currency pairs open and ready for a signal!

6 As you can see, apart from the Daily Chart window, the template also displays the hourly Bollinger Bands for your information. Now the fun begins: the temple also includes the TripleB_Alerter which will test for all the filters and entry conditions, buy and sell zones, etc., and display an alert whenever there's a trading opportunity. In addition, this EA can actually open the trade for you. However it will not open the trade automatically, but rather display a message asking you to confirm opening the trade (or reject it if you wish). Be sure to check the TripleB_Alerter settings, which you can simply do by pressing the F7 key on your keyboard. When you press F7, the inputs window will appear. Click the Inputs tab and you will find many useful settings that give you full control over results, money management, display and alerting: See below for a complete explanation of all available settings. Click the OK button to apply the Alerter to the chart. On the right hand side of the chart, you will now see the display panel:

7 How to read and use this panel is explained in detail in the TripleB strategy book, and therefore it is out of our scope here. What's important to remember is that once you see this panel on the chart, the automated chart scanning is active, and when there's an entry signal, you will get an alert. Settings for the TripleB Alerter Send_Push_Notifications Sends the setup alert directly to your smartphone. This is an experimental feature, and is new to the MetaTrader platform. Therefore you need to test it and see if it works good with your phone and mobile network. Here's a video we prepared, explaining how to set it up: Slippage Sometimes the market moves fast and the price the broker quoted you becomes quickly irrelevant. When the alerter opens a trade (after you confirm it of course), how many pips is the broker allowed to open the trade at, compared to the price the broker originally quoted you. Min_Pips_Between_Entries The alerter may alert you to possible new trade setups, even if you already have a trade open on that specific currency pair. However, opening several trades around the same price is not recommended, because it can cause multiple losses in case the market does not move in your favor. Therefore you can define a minimum number of pips that the market needs to move, before a new trade is considered.

8 Min_Reward_To_Risk Define here what is the minimum reward to risk that you are willing to consider as a good trade. The alerter will not alert you on anything less than that. UseMM This setting receives the value of either "true" or "false". True = use the EA's internal "Risk Percent" calculation, which determines lot size according to a percentage of the account that you want to risk for each trade. For example, if you set UseMM to True, and the setting Risk_Percent (right below it) to 3, then each trade would risk 3% of the account equity. The risk is determined according to each trade's stop loss price. Risk_Percent For use with the UseMM setting. Determines how much of the account equity to risk per trade, according to each trade's stop loss price. Fixed_Lots If UseMM is set to False, the lot size you input here will be used for each trade. ATR_Period, Tp_Atr_Multiplier The Take Profit target is based on the ATR (Average True Range) indicator. The ATR_Period setting enables you to control what ATR range is used for calculation. The default is 20 hours. The Tp_Atr_Multiplier determines the size of profit, i.e. set it to 2 if you'd like to take a profit which is X2 the size of the ATR. Close_By_Bollinger_Daily This is a safety mechanism. If you leave this setting on its default (true), trades will be closed if price touches the opposite Bollinger Band on the current time frame, regardless of whether the trade is in profit or loss.

9 If you have questions, or in case you ran into any technical issue with using the TripleB, our friendly and knowledgeable support team will be happy to assist you. Just drop us an to: If you're ing regarding a technical problem, please attach a screen shot showing the problem, it will help us provide you with a quick solution. Thanks!