How easy is it to learn to trade forex with a semi-automatic robot-advisor? Step-by-step instruction!

Many have tried different trading robots (both automatic and manual), but some continue to suffer losses, and all because they simply do not know how to properly configure and work with the adviser.

Detailed instructions for setting up and working with an advisor to overclock small deposits from 100$!

Now let's analyze the entry rules, as well as the settings here this robot advisor.

It is written in detail about the installation of advisors in the trading terminal here, and we will proceed to the settings themselves.

Correct setting

So, after installing a pair on the chart, you will see the following robot settings window:

Analysis of the robot parameters:

The most important parameters D and U are responsible for the intensity of level formation. The larger these values, the fewer levels, therefore, the smaller the value, the more levels.

By default D=200, U=50 but with parameter D 200 — the EA will display too few levels, and, accordingly, there will be much fewer deals.

Therefore, we need to change it to a value of 150, so we will have more levels to show. We set the U parameter to 10.

It is also worth remembering that the adviser itself cannot filter all false signals (it's still a robot) we will filter them ourselves.

The rest of the settings are best left as default, the only thing is that you can change the color of the levels themselves, as you like.

Well, briefly about the rest of the values:

BARS – you need the number of bars for analysis, 1000 bars are enough. And here there is one nuance, make sure that you have a minimum display of 1000 bars on the chart. This can be done in the MT4 settings menu: Service → Settings

It is better not to upload the archive of quotes through the terminal menu, where it can be of very poor quality. It is better to do this online - open the M15 chart and scroll to the left to the end, waiting for the quotes to load themselves. So you will have real information about incoming prices.

N Bars — number of bars on the chart to the left, which will be displayed (on the history). It is also better to leave it as is, 20 bars is enough;

W - level height. The default value is 50, and for standard currency pairs, on which the adviser successfully works, this is quite enough. More volatile pairs such as the GBP/JPY are best avoided by beginners;

Level is the length of the level. The default value is 1000, which is enough for a full-fledged visualization.

Next are the colors of the levels for Bay and Sell, you can change them as you like or leave them as they are.

Next, the MM settings (money management), they can be left by default, since this can be changed and set already on the chart itself (recommended risk per trade is 1-2%):

Or you can trade with a fixed lot, it is easier for statistics, but logically, % should be used to overclock the deposit. In this Expert Advisor, this function is implemented to a limited extent, since the transaction will be opened in % from the deposit, but it is necessary in % from the risk (that is, from the Stop Loss level).

For example, you invest only 1% in any trade, that is, you risk 1% - no matter what stop loss you have, you will not lose more than 1% on any trade, so it’s more correct.

Therefore, to calculate the risk, you will need an additional indicator, which can be downloaded from the link below.

Magic - magic number, it must be unique for each pair so that the adviser does not get confused. You can just set in order for each character: 1,2,3…

comet — comments for each order. This is necessary for statistics, so that it can be seen, for example, according to which strategy a transaction is opened. If you trade only one robot on one account, you can leave nothing or write “Robot”, then in the history in the tab you can see that the transaction was made according to the signals from the robot.

SLEEP — offset from the level (vertical rectangle) is used to set Stop Loss. It can be set by default, since we will set the stop loss a little differently.

Recommended Pairs

As already mentioned, it is better to work with less volatile ones, for example, such pairs are traded well: GBP/USD, USD/CHF, EUR/USD, USD/JPY, USD/CAD, EUR/JPY.

These are 6 working pairs that fit well in this window:

This is convenient, in MT4 you yourself can collect such windows by setting them as “Mosaic” and saving them as a ready profile so that you don’t open everything again every time you start the terminal.

This is done in the terminal menu (which is at the top of all charts): Window → Mosaic or by pressing the keys "Ctrl + R"

It is also recommended to save to a template - separately for the schedule for 15 minutes and for 1 hour. Each TF has its own profile, so that later you can simply switch them, it will be faster.

You can also consider other pairs: NZD / USD, AUD / CAD, AUD / USD, EUR / GBP and GBP / JPY (but the pound yen pair, as already mentioned, is volatile, you need to be careful, not for beginners!).

You should also not take pairs with the ruble, there are very large spreads, cross rates like to spike, and on gold, your stop is likely to be cut with 99%. For gold, this adviser is not suitable, since it needs large stops, and, accordingly, large deposits!

Trading principle

So, we figured out the settings and the Expert Advisor is launched on only one pair so far. In general, trading works can work with any pair and on any TF, but there are recommended tools: both the M15 and H1 timeframes (the levels are shown more accurately on these TFs).

Remember! The main mistake of a beginner is that he starts looking for entrances where there are none! You don’t need to “think out” the situation looking at the chart, you just need to analyze based on the data that is displayed at the moment. Fantasy destroys deposits and leaves a negative experience, and all simply because of a misunderstanding.

Signal examples

For beginners, it is recommended to look for movements that are just beginning, when new trends are born. An example on the NZD/USD chart:

But there are also good signals born in an already formed trend. Here is an example on the chart of the AUD/USD pair, how beautifully the price is consolidating right at the level:

Preparing for trading

First, organize your workspace properly. Nothing should distract you (turn off the TV, music and close in a separate room).

Attention! This does not mean at all that for this you need to lead an “ascetic” lifestyle, all these “decorations” are necessary only at the time of ANALYSIS. Only when you sit down at the monitor and see if there are signals.

Finding Entry Points

As already mentioned, in the initial stages, you should look for entry points in the emerging movement (depending on the current timeframe).

Here is an example entry for the GBP/USD pair:

We had an accumulation stage and the price shot up, levels began to appear. A good option is when the levels are the same on both M15 and H1 - then the signal is amplified.

No need to try to take the whole movement, we don't need much. Stretch the Fibonacci grid and place a take profit at the nearest level of 61.8 - the price usually moves from these values.

At the moment, the adviser works best only with THIS BROKER

How to find the emerging signal?

In order not to miss good profitable levels, you need to track the trading zones and jump into the beginning trend even before the level is formed.

Here are some examples of the emerging movement:

Let's remember! There is no need to try to look for some “global” reversals and catch big trends, we only need a small movement and through risk management we increase the deposit!

Search for reversal formations

The most important thing is to find some kind of reversal pattern, formation or figure.

The most popular are:Figure - Head and Shoulders", "Reversal Cup", as well as "Pattern 1,2,3".

You need to understand that for a small movement you need to trade at least on a lower timeframe. For example, if you see a signal on H1, then you can switch to M15 — maybe there has already been a certain reversal, this can be easily understood by breaking the trend by drawing a line:

Normally price never reverses in a V - there must always be accumulation! At least the letter W should appear, if the letter V is visible on some chart, then the accumulation was on a younger period and you should look for entry points there. Therefore, take profit with a stop loss should already be set, focusing on the younger TF.

Where to put Stop Loss and Take Profit?

Stop Loss is set behind a vertical rectangle + spread (for example, a pair has a spread of 2 points, so we count 2 points from the end of the rectangle and set):

For Buy trades, respectively, the stop must be placed UNDER the green rectangle, for Sell trades, ABOVE the orange rectangle.

Take Profit is placed near the level of 61.8 on the fibonacci grid, stretched in the direction of the previous wave (this is if we are in a correctional wave) like this:

Read more about working with orders in this article.

If the previous high or low was broken, then we stretch the fibonacci grid in the opposite direction and set the take profit near the level of 161.8, like this:

Weeding out false entries

As mentioned above, the adviser is not able to designate false signals itself, it simply draws all the levels, fixing where you can earn, we must ourselves based on the existing filters!

Rule #1

For trade benchmarks, we use the Fibonacci grid to mark the boundaries for trading. We trade within the levels of 61.8 if the price moves within the last high/low:

If the previous high/low was broken, then it is already within the level of 161.8:

If you do not have these levels on the fibonacci grid - add it, it's not difficult.

You also need to take into account that the price may not reach exactly 161.8, we will see this when the opposite signal level is formed.

Rule #2

We trade within the Lows and Highs of the previous day, if they were not broken.

In general, it is better not to open trades if the price is close to these levels. The price, as a rule, rarely breaks through such levels the first time, and rollbacks can be deep.

Even if the price (as seen on the chart) breaks through the level, this cannot be considered a true breakout, rather a false one (if, for example, you switch to a higher TF).

A true breakdown is usually characterized by a long candle, and then fixing ABOVE the level, or below it, if the level breaks down.

Rule #3

We take into account the levels only with a clearly defined price movement and where there is a trade zone (accumulation).

Rule #4

The price should fix above the level (for Buy transactions) or below the level (for Sell transactions). Here are examples of good and bad entry points:

On the left, the price clearly fixed above the level, and on the right, it hissed and flashed the level up and down, in such cases there is no need to trade.

The price must be clearly BELOW the level (for Sell trades) or ABOVE the level (for Buy trades):

How to avoid stops?

You won’t be able to avoid them completely, but if you follow the above rules and use risk management, you will significantly reduce them.

The most important mistake is to stop trading after receiving one or two stop losses., and on the next trade, you would win back all the previous stops and still earn with the top.

Here is an example of getting a stop loss followed by a profitable trade:

Our first entry was formed above the green level and it is in accordance with the rules, we get a small stop (no need to invest half a deposit in the transaction at once, use money management!).

Then the price sharply rushed down and formed an orange level for sale. But there is no signal here according to the above two rules: there was no trade and the price broke through the level without even stopping.

Then a green level is formed again and the price is fixed on it. We had a trading zone for transactions on Buy, and since all the rules are followed, an entry is made and here the transaction is worked out by take profit.

Additional indicators

To make it more convenient to visually navigate the chart, it is better to install several additional indicators that show in real time:

• Time until the end of the candle;
• Opening and closing of the previous day;
• Lows and highs of the previous day;
• Current spread;
• History of transactions on the chart;
• Lot calculation based on stop loss.

Attention! This adviser is no longer relevant, I recommend paying attention to THIS ROBOT! He showed and continues to show just crazy results!