We have prepared a detailed step-by-step manual on how to get from knowing nothing about the Market to making money using automated Forex trading software provided by FxTradingTools.
1. The first thing that you need to do is register on our website. Next, you need to choose a broker that trades at Forex market and supports MetaTrader 4 platform (also known as MT4). It’s the most popular platform out there, so you shouldn’t have any difficulties with that. More details you need to know about choosing a broker you can find down here.
If you don’t want to dwell on this matter, bellow you can find a list of brokers that are most popular among our clients and support everything that is needed for stable work of Forex robots.
2. Next thing to do is register at the broker you have chosen and create a trading account at your personal area. Your account at broker is like your bank account – in order to trade you need to have money on it. You can deposit funds by any convenient way for you.
3. Download MT4 from broker’s website and install it on your PC. The first time you run MT4 you need to enter your account number and password, that you got during registration process. Also you can do this by clicking “File” and selecting “Login to Trade Account” menu item. After this you are ready to trade.
How to start Forex trading with FxTradingTools Robots
4. Now you need to chose the best Forex robot for you (or couple of them) on our website here. Our store has a lot filters and all robots can be sorted by variety of factors. This will help you find what you’ve been looking for. You should remember, that there are a lot of factors you need to take into account while choosing an expert advisor such as: system profitability, duration of its trading on the account, trading style, stability of the results, drawdown and more. If you are not sure about your knowledge on the subject or doubt the choice that you’ve made, we recommend you to use advisors that have the highest rating at our website (more information how the rating is formed here). In order to do this, select sort by “rating”; then we recommend to use “real accounts” filter to display only those Forex systems that trade on accounts with real money.
Forex Expert Advisors that for Forex trading platform. This means that you will receive a EA automatically right after the purchase.
5. When you have chosen and bought the best Forex robot, you can download it from our website, also there you can enter your account number that you’ve received from the broker.
6. After downloading trading robot to your computer, you need to install it. In order to do this, run MT4 application, click on the "File" menu and select "Open Data Folder" from the drop-down list. It will bring you to the root folder of MT4. Then open MQL4 folder and from the downloaded archive of the purchased Forex program copy the file of the Expert Advisor (it has the * ex4 extension) to the "Experts" folder. Also copy the * dll file to the "Libraries" folder. All you need to do now is to restart MT4 to finish the installation.
7. Now you need to set it up. Since all the EAs (expert advisors) and settings could be different, we won’t talk about it here and now. But advisors at ForexBotz with the badge are really easy to configure – it won’t take you more than 2 minutes to have it done. You will simply need to turn it on and enter the risk parameter. You will get detailed instruction on how to install an advisor (it comes with your Forex EA).
If you did everything as we’ve said above - congratulations! Forex robot is already working and will money without your participation and attention.
Note: for the stable and consistent results of the Expert Advisors it is necessary that the computer on which it’s installed can work without interruption for 5 working days straight. In some cases it is more convenient to rent a VPS (Virtual Private Server) or a dedicated server, where you need to do the same installation. This will allow Advisor to work 24 hours a day.
If you have any questions or difficulties on any of the stages above, we will be happy to help you! In order to do this, simply contact us through forexbotz.com the contact us/feedback form.
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- Tags: DIFFERENCES BETWEEN MANUAL AND AUTOMATION TOOLS FOR FOREX TRADING, HOW TO CHOOSE FOREX BROKERS, HOW TO INSTALL EA IN FOREX TRADING, HOW TO OPEN ACCOUNT FOR FOREX TRADING?, HOW TO START FOREX TRADING, WHAT IS EA AND INDICATOR, WHAT IS VPS