In How to useby AronMan

How to use Merkava EA

Once you have purchased this Expert Advisor, we will deliver it to you via email. The basic package comprises the following items:

Merkava EA file
Set-files for Merkava EA’s automatic configuration

Please download these files onto your personal computer and refer to the instructions provided below to proceed with the installation and setup of this trading robot.

Installing the Merkava EA to your Metatrader platform

Copy the Merkava EA file to the root directory of your MT5 platform. For this:

Click on the “File” tab in the internal menu of your MT5 platform and select “Open Data Folder”

Open the MQL5 folder

Copy the Merkava EA file to the “Experts” folder:

Restart your MetaTrader platform so that the EA file is initialized inside its directory.

Choosing a strategy and assets for trading

Merkava EA can work according to 3 different strategies – trend, reverse and hybrid (trend+reverse at the same time). These strategies use different currency pairs to trade, so to begin with, we advise you to decide which strategy you will use for trading (below we will describe in detail which currency pairs are used to trade for each trading strategy). We do not recommend combining all strategies together on one trading account, because in this case you can significantly increase the trading drawdown. The best option is to use each strategy on a separate trading account.

Trend strategy

Assets for trading:

AUDCAD
CADCHF
EURAUD
EURCAD
EURGBP
GBPCAD
GBPUSD

Timeframe for trading – H1

Trading hours – around the clock

Set files for М15 timeframe will be published here later (according to the EA update schedule).

Reverse strategy

Assets for trading:

AUDCAD
AUDUSD
CADCHF
EURAUD
EURCAD
EURGBP
GBPCAD
NZDCAD

Timeframe for trading – H1

Trading hours – around the clock

Set files for М15 timeframe will be published here later (according to the EA update schedule).

Hybrid strategy

Assets for trading:

AUDCAD
CADCHF
EURAUD
EURCAD
EURGBP
GBPCAD
GBPUSD

Timeframe for trading – H1

Trading hours – around the clock

Set files for М15 timeframe will be published here later (according to the EA update schedule).

Set files for Hydbid strategy will be published within 1 month.

We repeat once again – we advise you to use each strategy on a separate trading account.

So, let’s imagine that you decide to use the Reverse Strategy, which works on currency pairs – AUDCAD, NZDCAD, etc.
First you need to open the windows of charts of quotes of the listed currency pairs. To do this, click on the “Overview” item in the internal menu of the platform and select “Market Watch”:

Right-click on the list of assets and select “Show All”

Open the quote chart window for each of the listed assets –

For each quote window, use the H1 timeframe.

Enable “Algo Trading” button

Installation of Merkava EA on the quotes chart and its automatic setting

Select the menu item “View” and the item “Navigator”

Drag and drop the Merkava Funded Trader EA onto each open window. At the same time, after opening the settings window (after each drag and drop), set the automatic settings (from the “Set-files” folder that we sent you in the archive).
Please note that the name of the set file must match the name of the asset to be traded and the strategy you are customizing. In this way, you apply precise automatic settings to the Expert Advisor Merkava for trading on the selected asset.

To apply the fine-tuning set-file, click the “Load” button and load the set-file whose name corresponds to the name of the asset (currency pair) on which you are making adjustments and the name of the strategy. That is, if you set up trading using the “Reverse” strategy on the AUDCAD currency pair, then you must take the set file from the “REVERSE” settings folder for the AUDCAD currency pair.

Fixed and automatic risk calculation

By default, the Merkava trading robot uses automatic money management. According to which the EA trades with a lot size of 0.01 for every 1500 units of your trading account. That is, if the account size is more than 3000, then the lot size will be 0.02, if the account size is more than 4500, then the lot size will be 0.03. By default, we set the minimum risk size so that novice users who (as usual) use the default settings, start trading with a minimum risk of no more than 5% of the maximum drawdown.
If you want to increase the size of the trading lot, you need to change the value of the “Auto-lot size” variable. Instead of 1500, set 1000 for medium risk or 500 for high risk.
if you set it to 1000, then every time your deposit size increases by 1000 units, the EA will increase the lot value by 0.01. For example, if the deposit size is 3000, then the EA will use a trading lot of 0.03.
If you use the “Auto-lot size” variable with a value of 500, then for a deposit size of 500 the EA will use a lot size of 0.01, and for a deposit size of more than 1000, a lot of 0.02 will be used.

If you want to use a fixed lot size, then set the “Fixed lot size” variable to the lot size you want to use.

April 26, 2023April 26, 2023

In How to useby Grandeur Trading Technologies

How to use Algo FX Stellar

Download and unpack the archive with the product

Once you have purchased AlgoFx Stellar, you will receive a confirmation email containing a download link for the software. Simply click on the link and download the software to your computer. Once the download is complete, extract the files from the archive. After that, we recommend reading our user manual carefully and following all of its recommendations to ensure a successful setup and optimal performance of the software.

Add the URL to the Web Request Section

It is crucial to complete this step to ensure proper setup of the software. Navigate to the “Tools” section and then select the “Options” menu item.

Next – open the Expert Advisors tab and Enable “Allow WebRequest for listed URL:”

and add in a special fild below:

https://algofxmoney.com

Install Algo Fx Stellar in the MT4 platform

To access the root directory of your MT4 platform, you can follow these simple steps:

1. Open your MT4 trading platform.
2. Click on the “File” menu located on the top-left corner of the platform.
3. From the drop-down menu, select “Open Data Folder.”
4. A new window will open, showing you the root directory of your MT4 platform.

From here, you can easily access all the necessary folders and files for installing the AlgoFx Stellar expert advisor.

Navigate to the “MQL4” folder inside the root directory of your MT4 platform, and locate the “Experts” folder within it.

Copy the Algo Fx Stellar file to the “Experts” folder:

Restart your MT4 platform

This is necessary for any changes you make to take effect.

Open the AUDUSD quotes chart

Algo FX Stellar was designed to trade on three currency pairs – AUDCAD, NZDCAD, and AUDNZD. However, it is not necessary to open all three pairs on your trading platform. Simply open the AUDUSD pair and install AlgoFx Stellar on that specific quote window. The advisor will be installed on only one window but will trade on all recommended pairs simultaneously. To do this, click on the “Market Watch” button and locate AUDUSD in the list of assets available for trading.

In case AUDUSD is not visible in the list of tradable assets on your platform, you can easily display it by right-clicking on the asset list and selecting the “Show all” option. This will expand the list to include all available assets, including AUDUSD, which you can then select for trading.

Set the timeframe M15 for the AUDUSD quotes chart:

Activate the “Auto Trading” button

Open the “Navigator” folder, find the Algo FX Stellar file in the “Experts” branch and drag it onto the AUDUSD M15 quotes chart:

Adjusting the trading risk is an essential step. Simply double-click on the “Lot Sizing Method” variable and select the preferred risk size that aligns with your trading style. It’s important to keep in mind that higher risk may result in higher profitability with this Expert Advisor.

If pairs have any prefix or suffix please modify them in the Symbols parameter. For example, if pairs has AUDCAD+ then modify the Symbol parameter as: AUDNZD+,AUDCAD+,NZDCAD+

April 23, 2023April 23, 2023

In How to useby Grandeur Trading Technologies

Forex channel indicator indicator grabber

Download and unpack the archive with the product

Each buyer receives a product file and instructions on how to install and use by email after making a purchase. Download archive with product to your PC and extract. Next, follow the instructions below.

Copy the indicator to the MT4 root directory

Open the root directory of your MetaTrader platform and copy the Grabber indicator file to the “Indicators” folder. Follow the instructions in the pictures below:

Open the “MQL4” folder inside the root directory of your platform and find the “Indicators” folder inside.

Restart your platform

This is necessary for any changes you make to take effect.

Primary deals for a price reversal in the channel

Therefore, the extreme boundaries of our price channel hold the greatest significance. As previously mentioned, the primary orders of market participants are situated at these levels.

The upper limit of the channel represents the level at which BUY deals are executed. Conversely, the upper boundary of our adaptable price channel is associated with bearish orders that trigger a decline in quotes. Thus, when the price reaches this upper boundary, it is highly probable that the trend will reverse, prompting a downward movement. Consequently, the upper level of the price channel serves as a selling point.

The lower boundary of the channel is designated for executing SELL deals. At the lower level of our adaptable price channel, bull orders prevail, compelling quotes to ascend. Consequently, when the price reaches this lower boundary, it is highly likely that the trend will reverse, leading to an upward movement. Hence, the lower level of the price channel represents a buying opportunity.

The central line of the Grabber serves as a profit-taking level.

Positioned at the moving average level, the central level of our channel indicator adheres to the conventional principle that, regardless of the price movement, it tends to its mean value, that is, to the center of the price channel. If observed closely, the quotes of any asset mostly revolve around their average. As a result, after bouncing off the upper or lower boundary of the price channel, the quotes tend to return to the center of the channel. Therefore, if we engage in rebound deals from the channel boundaries, the most suitable place to lock in profits is the central line of the price channel. In fact, asset quotes are inclined to return to this level as per the laws of financial market gravity (i.e., quotes tend to their average value). Consequently, the central level of the price channel indicator represents the ideal level for taking profits.

Additional deals

Our indicator is adaptable to all market conditions that may arise, and it is our responsibility to adjust our trading operations in a timely manner in response to new indicator signals. To achieve this, we have devised a grid averaging system (make-up tactics) that applies in situations where a significant market force (such as a large accumulation of bear or bull orders) drives quotes far beyond the boundaries of the price channel. During such instances, there is an opportunity to execute additional transactions at more favorable prices. This is because quotes invariably tend to their average value, and there will come a point when the market will reverse, and the price will touch the mean level of the adaptive channel. Consequently, we can register profits on several trading positions simultaneously.

Our channel indicator’s manual settings comprise options for computing the location of multiple supplementary trades. Among these settings is the “number limit” variable, which enables us to specify the number of additional deals to be executed.

The “diap limit” variable enables us to calculate the point-based distance between additional transactions. In this manner, we preprogram the indicator to exhibit the levels where we can add more buy or sell deals in the future. The price channel indicator will display these levels immediately after the quotes hit the price channel boundaries, offering a trading opportunity.

What do the price channels tell us?

Price channels are an essential tool for analyzing the dynamics of price movements as they indicate longer-term trends beyond the shorter-term growth and decline waves. By using price channels, we can predict with a high degree of certainty whether asset quotes will rise or fall in the future. With such knowledge about the direction and duration of price waves, traders can make profitable deals by placing trades in the right direction.

The significance of price channels is further amplified by their ability to identify support and resistance levels, which are vital for any trading strategy. These levels enable traders to determine the optimal entry and exit points on the chart, helping to maximize profitability.

It is worth emphasizing the importance of support and resistance levels, which will frequently feature in your trading endeavors. Mastery of these levels is critical to developing a successful trading strategy.

Support levels are critical areas on a chart where the price typically rebounds upwards. But how are these levels established? Support levels form as buy orders accumulate from traders who anticipate asset growth. Put simply, at the level where the price rebounds upwards, bulls (traders who bet on a price increase) tend to purchase the asset or make trades in favor of its price growth.

Resistance levels represent levels on a chart where sell orders from bears (traders who bet on a decline in an asset’s price) tend to cluster. Essentially, at these levels, market bears typically sell their assets.

The strength of the market depends on the level of buying and selling activity. If there are more buyers, the quotes will move upwards with more power, and if there are more sellers, the quotes will move downwards with more force. Therefore, the market’s driving force is the supply and demand ratio. Our adaptive price channel indicator demonstrates the actual boundaries of the channel on which sellers or buyers are expected to be most active. We can predict that the price will start declining at the level where sellers will be most active, and we can predict that the quotes will start rising at the level where buyers will be most active.

The best conditions for trading

If you are trading on a channel strategy, then you should remember a few fundamental rules. These rules will always work on almost any asset, namely:

The higher the timeframe, the more accurate the channel indicator signals.
This rule means that using higher timeframes, such as H1 or H4, will provide more accurate signals from the channel indicator. This is because on higher timeframes, price movements are more stable and less erratic compared to lower timeframes, which can have a lot of noise and false signals. Therefore, if you want to use the channel strategy, it’s best to use higher timeframes for more reliable signals.
There are trend assets on which you will receive less profit and flute assets on which you will receive more profit. This rule emphasizes the importance of choosing the right assets to trade with the channel strategy. Some assets have a tendency to trend strongly, which means that price movements can be more predictable, but the potential profit from trading with the channel strategy may be lower. On the other hand, some assets may have more price fluctuations, which can provide more opportunities for profits when trading with the channel strategy. Therefore, it’s important to choose assets that fit well with the channel strategy you’re using.
Trading time also matters – the beginning of the European session and the beginning of the American session are not the best time to trade. At this time, a trend is observed on most assets.This rule highlights the importance of choosing the right time to trade with the channel strategy. During the beginning of the European or American sessions, there may be increased volatility and trend movements on most assets, which can make trading with the channel strategy more difficult. Therefore, it’s best to choose a time when the market is more stable and less volatile.
For trading, it is best to choose brokers that give good leverage so you can easily add additional transactions without much risk to your deposit. This rule emphasizes the importance of choosing the right broker for trading with the channel strategy. Using a broker that provides good leverage can be beneficial for adding additional trades without risking too much of your deposit. However, it’s important to note that using leverage can also increase the risk of losing your funds, so it’s important to use it wisely and with caution.

The best timeframe for trading

If you are a new trader who struggles with finding time to trade and analyze the market, we suggest starting with H1 or H4 timeframes. These channels have a slower pace, giving you more time to attend to your daily activities while keeping an eye out for trading signals. This allows you to analyze the market, make a decision, and execute a trade when a signal appears.

On the other hand, M1, M5, and M15 are faster timeframes where quotes move rapidly. To trade on these timeframes, you will need to dedicate your attention entirely to trading and monitoring the market constantly. This is the only way you will be able to spot a trading signal on time and manually manage it until the trade closes.

Another benefit of using higher timeframes such as H1 and H4 is that there are fewer trend movements that may not be useful for scalping strategies in the price channel.

Flat assets

It is important to consider the characteristics of assets when selecting trading instruments for the price channel strategy. Major currency pairs like EURUSD, USDCHF, USDJPY, and USDCAD are known for their strong trend movements and shallow price pullbacks, making them less suitable for this strategy. However, there are plenty of other assets that are more suitable, such as currency pairs that include GBP (such as GBPUSD, GBPCAD, GBPCHF, GBPAUD, and GBPNZD) or cross-rates like AUDCAD, AUDCHF, and EURCHF that have a predominance of flat movements or larger price pullbacks. These types of assets can be found across dozens of currency pairs, providing ample opportunity for profitable trades using the price channel strategy. Cryptocurrencies like BTCUSD can also be suitable for this strategy.

Time to trade

This rule is particularly important when scalping major currency pairs, as all currency pairs are affected by the trading session time. It’s important to remember that the start of the European or American session can bring a surge of volatility and lead to a trend without pullbacks, which could result in financial losses. If you want a calmer trading experience without stress, it is recommended to choose the second half of the American session or later.

March 30, 2023March 30, 2023

In How to useby Grandeur Trading Technologies

Manual for Golden PickAxe EA

Download and unpack the archive with the product

Upon purchasing this product, you will receive a confirmation email containing a download link for the Golden Pickaxe EA archive. To get started, it is crucial to read the manual carefully and follow all the recommendations step-by-step. Then, proceed to download and extract the Golden Pickaxe EA archive.

Open the root directory of your MT4 platform

To access the root directory of your MT4 platform, click on the “File” menu located in the top-left corner of your trading platform. From the drop-down menu, select “Open data folder” to proceed.

Open the “MQL4” folder inside the root directory of your platform and find the “Experts” folder inside

Installing the DLL file

The zip archive that you will receive after purchasing Golden Pickaxe EA contains a DLL file that needs to be copied to a specific folder on your MT4 platform. The easiest way to do this is demonstrated in the accompanying video.

Before proceeding, please turn off your computer’s anti-virus program or set it to “trust” the DLL file to avoid any issues.

Alternatively, you can locate the folder of your MT4 platform in the “C” drive of your computer’s Program Files folder and copy the DLL file there. To do this, follow this path:

“C” drive → Program Files → MetaTrader 4

Please note that the names of the drive and folders may vary slightly depending on your operating system. The DLL file should be placed in the same directory as the installation exe file of your MT4 platform.

Restart your MT4 platform

This is necessary for any changes you make to take effect.

After restarting MT4, it will log out from the broker’s server. Set your trading account login and password again.

Open the XAUUSD quotes chart

Golden Pickaxe EA is designed specifically for trading on GOLD, which is displayed as XAUUSD in the MT4 platform. To find XAUUSD, click on the “Market Watch” button and search for it in the list of available assets for trading.

In case you don’t see XAUUSD listed in the available assets on your platform, you can try right-clicking on the asset list and selecting the “Show all” option:

To proceed, set the timeframe of the XAUUSD quotes chart to M1. You can do this by checking that the M1 timeframe is displayed in the upper left corner of the quotes chart.

Activate Web Request

To ensure proper functioning of the EA and its news filter function, it is recommended to allow Web requests in your platform settings. You can do this by clicking on the “Tools” button in the upper left corner of your platform and selecting “Options” from the drop-down menu:

Check the “Allow WebRequest for listed URL’ box”.

Add the following URLS by clicking on the green ‘+’ symbol and copy-pasting one by one:

https://ec.forexprostools.com
https://www.worldtimeserver.com
http://timesrv.online
http://valeryservice.com

Activate the “Auto Trading” button:

Open the “Navigator” folder, find the Golden Pickaxe EA file in the “Experts” branch and drag it onto the XAUUSD M1 quotes chart:

Once the above steps have been completed, the Golden Pickaxe EA will begin to activate all of its trading services, and its trading panel will appear on the quotes chart as shown in the previous image. If the “Live Trading” text appears in blue at the bottom of the trading panel, it means that the advisor will begin trading very soon.

Selecting a trading mode

Upon purchasing the Golden Pickaxe EA, you will find a folder with “Set-files” in the archive. These files are designed to configure the EA automatically. To utilize them, navigate to the manual settings of Golden Pickaxe by double-clicking on the expert icon situated in the upper right corner of the quotes chart where it is installed. In the manual settings window, click on the “Load” button and search for the folder containing these set-files using your PC’s internal navigation. From there, select one of the suggested options for automatic settings.

March 23, 2023April 14, 2023

In How to useby Grandeur Trading Technologies

Manual for Waka Waka EA

On this page you can get step by step instructions on how to install and configure Waka Waka EA. Complete them and start enjoying the process of automatic earnings with the help of the WAKA WAKA algorithm.

Copy the Waka Waka EA file to the MT4 root directory

First you need to install the trading robot file inside your MetaTrader 4 trading platform. To do this, you need to open its root directory. To do it –
find the top left corner of your platform menu and select “File”. Next – in the drop-down list, select “Open data folder”. This will take you to the root directory of your Metatrader platform:

Open the “MQL4” folder inside the root directory of your platform and find the “Experts” folder inside

Restart your MT4 platform

This is necessary for any changes you make to take effect.

Activate Web Request

Check the “Allow WebRequest for listed URL’ box”.

Add the following URLS by clicking on the green ‘+’ symbol and copy-pasting one by one:

https://ec.forexprostools.com
https://www.worldtimeserver.com
http://timesrv.online
http://valeryservice.com

Assets for trading

Waka Waka EA works in one window. To do this, this trading robot must be installed on the AUDCAD currency pair quotes chart window. Timeframe M15. Being on this quotes window, the trading robot will independently analyze the market and open deals on three currency pairs: AUDCAD, NZDCAD, AUDNZD.

So, first, open the AUDCAD currency pair window:

Set the M15 timeframe for AUDCAD quote chart:

Set the display of all assets on your platform:

Activate the “Auto Trading” button:

Open the “Navigator” folder, find the EA Waka Waka in the “Experts” branch and drag it onto the quote windows AUDCAD M15:

After you drag Waka Waka EA onto the quotes chart, a window will open to automatically configure this Expert Advisor. At this stage, you need to choose how much risk this trading robot should trade with. 4 automatic money management modes are available. If you are very worried about the reliability of your capital – select the LOW RISK mode. If you want super fast capital growth – use HIGH RISK. You can also select other risk values between extremely low and extremely high.

After that, the EA Waka Waka will activate and will be ready for trading and will start making deals very soon.

Installing the Merkava EA to your Metatrader platform

Choosing a strategy and assets for trading

Trend strategy

Reverse strategy

Hybrid strategy

We repeat once again – we advise you to use each strategy on a separate trading account.

Installation of Merkava EA on the quotes chart and its automatic setting

Fixed and automatic risk calculation

Download and unpack the archive with the product

Add the URL to the Web Request Section

Install Algo Fx Stellar in the MT4 platform

Restart your MT4 platform

Open the AUDUSD quotes chart

Download and unpack the archive with the product

Copy the indicator to the MT4 root directory

Restart your platform

Primary deals for a price reversal in the channel

Additional deals

What do the price channels tell us?

The best conditions for trading

The best timeframe for trading

Flat assets

Time to trade

Download and unpack the archive with the product

Open the root directory of your MT4 platform

Installing the DLL file

Restart your MT4 platform

After restarting MT4, it will log out from the broker’s server. Set your trading account login and password again.

Open the XAUUSD quotes chart

Activate Web Request

Selecting a trading mode

Copy the Waka Waka EA file to the MT4 root directory

Restart your MT4 platform

Activate Web Request

Assets for trading

Activate Web Request

Activate Web Request

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