Instructions for installing and using the Forex robot THE ROCKET
Hello, dear trader! Thank you for your interest in our automatic trading system EA THE ROCKET! To set it up correctly, you need to do a few simple steps:
Download to your personal computer folder with customization files of Forex EA THE ROCKET
Unpack the archive and Select the correct folder to configure time-zone of the Forex EA THE ROCKET. Your choice should depend on what time GMT the platform of your broker is used during the summer time (for example, if the platform of your broker is working in summer time GMT+3, then select the folder SummerGMT+3).
IMPORTANT! THE ROCKET has a clear reference to the time of the exchange rollover that cannot be changed when broker switches to winter or summer time. Therefore, in order to exclude errors in the settings of EA in different year time, we chose the unified time standard– “summer time of broker”. This temporary option works both in summer and winter. Thus, when your brokerage company switches to winter or summer time, the time settings of EA THE ROCKET do not need to be changed!!
IMPORTANT! EA THE ROCKET is a robot-scalper which correct operation requires a trading account of “ECN”
type. We use by ourselves and recommend you “TRUE ECN” account of ICMarkets brokerage company that
provides ultra-tight spreads, low latency, minimum slippage and fast market execution of trading orders.
Next step – open charts of all recommended for trading currency pairs:
- For “Strategy 1” use the M15 timeframe and currency pairs: EURCAD, EURCHF, EURUSD, EURGBP, EURAUD, GBPUSD, GBPCHF, GBPAUD, GBPCAD, USDCHF, USDCAD, AUDCAD, CADCHF.
- For “Strategy 2” use timeframe M5 and currency pairs: EURCAD, AUDCAD, GBPAUD, EURAUD.
On each chart drag EA THE ROCKET and use the appropriate set-file from your downloaded folder.
As a result, you will get a work profile on MT4 platform:
Setting of trading lot size
EA THE ROCKET can trade both Fix-lot or Auto-lot, independently determining the amount of risk in each deal depending on how much Free Equity on your trading account:
- In order to trade with a fix-lot, in the settings for manual adjustment EA switch for Auto_risk function the value “0.0” and for the function Fix_lot select the required value of the trading lot. The Medium risk level is 0.06 lot for each 1000 units of your trading account.
- In order to trade with an Auto-lot, in the settings for manual adjustment EA switch for Fix_lot function the “0.0” and for the function Auto_risk select the required risk percentage. The Medium risk level is the value of Auto_risk “3.0”.
IMPORTANT! EA THE ROCKET is a robot-scalper which correct operation requires a trading account of “ECN”
type. We use by ourselves and recommend you “TRUE ECN” account of ICMarkets brokerage company that
provides ultra-tight spreads, low latency, minimum slippage and fast market execution of trading orders.
RISK-MANAGEMENT
IMPORTANT: EA THE ROCKET calculates the amount of risk for each deals based on the size of the StopLoss and Free Equity on your trading account. As the size of the Stop-Loss used for each currency pair is different, and when making several deals at the same time the Free Equity decreases (including, depending on the leverage of your broker) trade size for each currency pair in the Auto_risk regime is set different. However, the size of the risk (most importantly for the money-management trading strategy), used in EA AIR MECHANIC, is always fixed and controlled by the trader!
Thank you for your interest in our trading system! Wish you the best trading results!
