One Click Trader Manual 1
Table of Content Introduction... 3 Metatrader4 platform (MT4) Installation... 4 One Click Trader Installation... 9 Starting and configuring One Click Trader... 11 One Click Trader functions... 13 MAIN PANEL... 13 SET1 PANEL... 15 SET2 PANEL... 17 ORDERS PANEL... 18 PENDING PANEL... 19 PANEL SET3... 20 2
Introduction Before installing and starting One Click Trader you should know the following: 1. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everybody. By using One Click Trader, you acknowledge that you are familiar with risks described on page 22 and that you are solely responsible for the outcomes of your decisions. 2. Before using One Click Trader on a live account it is recommended to test on demo. 3. If you find any irregularities when running One Click Trader, turn it off and ask the author for assistance: oneclick@forex-service.pl One Click Trader is compatible with any version of Metatrader platform of any broker. One Click Trader automatically recognizes 4 or 5 digits quotation. Platform restart is not required. System requirements: 1.5 GHz Processor 1 GB RAM Windows 8, Windows7, Windows XP or Windows Vista Reliable Internet connection is required for One Click Trader to operate properly 3
Metatrader4 platform (MT4) Installation One Click Trader is running on Metatrader4 platform. If you do not have it, use the link from One Click Trader recommended broker below http://www.tickmill.com/trading-platforms/ During the installation process follow these instructions. 4
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Click on Scan then click on Next. 7
After the installation you will be asked to open a DEMO account. Fill in all fields, allow subscription and click Next. In the next window click Demo and Next, and then Finish. 8
One Click Trader Installation In order for One Click Trader to work properly you need to install FRAMEWORK 4.0 http://www.microsoft.com/en-us/download/details.aspx?id=17851 You can download the OCT installer here: http://www.tickmill.com/one-click-trader/ Follow the installer instructions 9
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Starting and configuring One Click Trader After the installation go to Tools/Options in Metatrader4 platform. Select Expert Advisors tab and check options as shown on the screen below. In the new window click on Expert Advisors tab and select the following options: 11
Now you can start One Click Trader Run OCT like every other Expert Advisor. Expand the Strategy button in Navigator and find One Click Trader EA. You can run OCT in 2 different ways: First one is Drag and drop while holding the Left Mouse Button drag the Expert Advisor to the chart. Second way is clicking the right mouse button over the One Click Trader EA and selecting Add to chart. If everything went OK you should see message One Click Trader window. If you cannot see it, check the Expert Advisors tab. If you are experiencing Error 126 problem, please download and install the following add-on: http://www.microsoft.com/download/en/de... px?id=8328 If something is still not as it should be, please contact me oneclick@forexservice.pl. 12
One Click Trader functions MAIN PANEL 1 Sell button (displays current Bid price) 2 Buy button (displays current Ask price) 3 Close all sell trades button (displays current profit from opened sell trades, in base currency or pips see SET2 panel, point 30) 4 Close all buy trades button (displays current profit from open buy trades, in base currency or pips) 5 Close all trades button (displays current profit from open buy and sell trades, in base currency or pips) 6 Displays currency pair name OCT is running on. 7 Money management button (on/off, trade size calculated by equity size and StopLoss size) 8 Displays current spread for the currency pair OCT is running on. 9 StopLoss in pips (-1 means no StopLoss) 10 TakeProfit in pips (-1 means no TakeProfit) 11 Max slippage allowed (in pips) controls your Slippage while OCT is opening your trade. (HINT - It doesn't control your opened order slippage) Example - current EURUSD price is 1.30000, slippage parameter is set to 0. You try to open a trade using OCT. The software calculates your instruction and wants to open a trade. In a meantime the EURUSD price changed to 1.30002. Before sending "Open order" 13
instruction OCT checks the price again. It changed by 2 points (0.2 pips) so trade won't open and you will receive a comment in an Expert tab. 12 Trade size (lots or percent - depends of money management option) A Press there if you want to move OCT window over the chart B Minimize OCT window. C Show/hide ORDERS panel. D Show/hide PEDNGING panel. E Show/hide SET1 panel. F Show/hide SET2 panel G Show/hide SET3 panel. 14
SET1 PANEL 13 Turns Break Even ON and OFF (parameters set in 14 i 15) 14 Break Even activation level 15 Break Even level in pips Break Even example: Activate = 20 Step = 5 We assume the trade is opened at 1.5000. OCT will set the SL on 1.5005 after the price reaches 1.5020 level. This example does not include spread. 16 Turns Trailing Stop ON/OFF 17 Trailing Stop activation level 18 Trailing Stop step in pips 19 - StopLoss for Trailing Stop Trailing stop example number 1: Activate = 10 Step = 1 StopLoss = 20 We assume the trade is opened at 1.5000. When the price reaches 1.5010 level OCT sets SL on 1.4090. The next levels are: 15
1.5011 -> SL 1.4091 1.5012 -> SL 1.4902 1.5013 -> SL 1.4903 This example does not include spread. Trailing stop example number 2 Activate = 10 Step = 5 StopLoss = 10 We assume the trade is opened at 1.5000. When the price reaches 1.5010 level OCT sets SL on 1.5000. The next levels are: 1.5015 -> SL 1.5005 1.5020 -> SL 1.5010 1.5025 -> SL 1.5015 This example does not include spread. 16
SET2 PANEL 24 Order comment 25 Order Magic Number. Magic Number is a unique number which allows OCT to recognize trades opened by this EA. 26 Turn on/off trade's arrow drawing on chart 27 Turn OCT functions on/off. When it s set to off, you will have to confirm each operation done by EA. 28 Turn on/off automatic number of digits recognition. When it s turned on, you enter values like with 4digits brokers, for example 10 pips TP is 10.0 with 5 digits broker. 29 Turn Visual Order function on/off. It allows to drag and drop modify opened order: Stop Loss (red line), Take Profit (blue line) and pending order: Open Price (yellow line). 30 Change how profit/loss is shown (3,4,5 fields in main panel and 34 field in ORDERS panel). 31 Show/hide hedge button 17
ORDERS PANEL 32 Automatic opposite trade button. It closes your existing trade and opens reverse trade. 33 Single trade number 34 - Single trade close button. It show the current value of the trade in base currency or pips (see SET2 panel point 30). This button closes the trade 35 Single trade OpenPrice level. 36 Single trade StopLoss level. 37 Single trade TakeProfit level. 38 Turn single trade StopLoss and TakeProfit edition on/off. It unlocks fields 35, 36 and 37 where you can enter new values and confirm them by turning edition off. 18
PENDING PANEL 39 Sell button (SellLimit or SellStop) see point 44 40 Buy button (BuyLimit or BuyStop) - see point 44 41 Delete all sell pending s 42 Delete all open pending s 43 Delete all buy pending s 44 Change pending type (limit or stop) 45 Pending order distance from the current market price 46 Price, at which pending order will be set 19
PANEL SET3 47 Turns on/off PARTIAL CLOSE function on profit. Profit is set in field number 49 48 Turns on/off PARTIAL CLOSE function on loss. Loss is set in field number 51 49 Pip level, where you want part of your trade to be closed on profit. You can set between 1 and 5 levels. -1 turns the level off. 50 Percent level, where you want part of your trade to be closed on profit. 51 Pip level, where you want part of your trade to be closed on loss. You can set between 1 and 5 levels. -1 turns the level off 52 Percent level, where you want part of your trade to be closed on loss. Partial Close TP example TP1 = 10, 25 TP2 = 20, 25 TP3 = 30, 50 TP4 = -1, 0 TP5 = -1, 0 This setting will divide trades closing to 3 steps. We assume 1 lot trade is opened at 1.5000. 20
- after reaching 1.5010 first 25% (0.25 lots) is closed leaving us with 0.75 lot trade - after reaching 1.5020 another 25% (0.25 lots) is closed leaving us with 0.5 lot trade - after reaching 1.5030 last 50% (0.5 lots) is closed. Partial close function doesn t have to close 100% of our trade. You can set it to close for example 40% of the trade and leave the rest to reach fixed SL/TP or close it manually. This example does not include spread. 21
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 markets. Don t trade with money you can t afford to lose. This is neither a solicitation nor an offer to Buy/Sell currencies, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trading foreign exchange on margin carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you. As with all investments, you should not invest money that you cannot afford to lose. Before deciding to invest in foreign exchange, you must carefully consider your investment objectives, level of experience, and risk appetite. Additionally, you must be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor. Past results are not necessarily indicative of future success. 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. By using One Click Trader, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance. Your purchase One Click Trader serves as your acknowledgement and representation that you have read and understand these TERMS OF USE and that you agree to be bound by such TERMS OF USE ("License Agreement"). Copyright Information REPRODUCTION AND OR TRANSLATION OF ANY PART OF THIS WORK BY ANY MEANS ELECTRONIC OR MECHANICAL INCLUDING PHOTOCOPYING BEYOND THAT PERMITTED BY COPYRIGHT LAW WITHOUT THE PRIOR WRITTEN PERMISSION OF THE PUBLISHER IS UNLAWFUL. Copyright 2011 One Click Trader, www.forex-service.eu - All Rights Reserved Author: One Click Trader Team Website: www.forex-service.eu http://www.forex-service.pl/ http://forex-programming.eu 22