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   Bob Meyers, Boston, USA  "I got Forex Auto Trader about a month ago - needless to say, I am truly impressed with it. This software is unlike anything else, just a perfect tool for trading Forex - not even a tool, but rather a robot, which does everything by itself. I used to think I was trading Forex before - ha! What I used to be actually doing is risking, not trading - but now it's the other way around. Whenever I check on my Forex account statement, it's always in the green. Many thanks to Craig for creating such a miraculous tool."Adrian Groot, Amsterdam, Netherlands  "When I first stumbled over Forex Auto Trader, I knew nothing about Forex. It's been many weeks since then, and I have to admit I still know nothing about it. The key difference, however, is that I am now generating stable profits on it, thanks to Forex Auto Trader. I first couldn't even imagine there would be a Forex software, the use of which requires absolutely no knowledge of the market, but this is what Forex Auto Trader really is. To say I'm stunned is to say nothing."Rosalie Guischard, Strasbourg, France  "After I purchased and tested Forex Auto Trader, I said to myself: now, this is it - the thing I've always been looking for, but could never find. I almost gave up on the idea of finding a fully automated Forex robot, which would not only trade the market, but trade it successfully, when I finally came across your website. The artificial intelligence concept you are using in your software truly has no analogs; it sure is "the coming of age" on the financial markets." |
FAQI) General questions1) What is Forex? 2) What is MetaTrader4? 3) Can I install several MetaTrader4 platforms from different brokers on one computer? 4) How can I find out the version of my MetaTrader4 platform? 5) How can I upgrade my MetaTrader4 platform to the most recent version? 6) Can MetaTrader 4 be launched on MacOS X? II) Expert Advisors 1) What are expert advisors? 2) Why do I need expert advisors if I can trade independently? 3) How to launch an expert advisor? 4) Can I use the Forex Auto Trader expert advisor on several MetaTrader4 platforms? III) Problems with using Forex Auto Trader 1) I have problems with the FAT setup. 2) Should I change the settings to those on your setup video? 3) Should I alter the settings or close orders manually? 4) The amount of my deposit is less than $500. Can I use FAT with it? 5) Does the software perform differently with different brokers? 6) The expert advisor is properly set up, but doesn't place any trades. 7) Why does the expert advisor sometimes place losing trades? 8) Can I start trading on a real account right after the purchase of Forex Auto Trader? 9) Should I have my computer turned on and connected to the Internet 24/7? 10) Will FAT recognize if a trade has not been closed while the computer was turned off because of an electricity outage in my area? And will it be able to resume the same trade? 11) Can I run your EA (Expert Advisor software) and another EA on a single account on the same platform? 12) How can I manage risk? 13) How do I adjust the robot to work with a 5-digit broker? I) General questions 1) What is Forex?
The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.
2) What is MetaTrader4?
MetaTrader(R) 4 is the best trading terminal and the most widespread one among online brokers.
3) Can I install several MetaTrader4 platforms from different brokers on one computer?
Yes, you can. To do this, you should simply launch the setup files for each MetaTrader4 platform and select different folders for them. You should nonetheless bear in mind that that each broker's MetaTrader4 platform will be getting updated independently of the others, so you might end up using several different versions of them.
4) How can I find out the version of my MetaTrader4 platform?
You can check it in the platform's menu under Help->About (e.g. if it says there "Build 220", this will be the version of MetaTrader4 you are using).
5) How can I upgrade my MetaTrader4 platform to the most recent version?
Just close your MetaTrader4 window and then re-open it by clicking on the platform's icon on your desktop.
6) Can MetaTrader 4 be launched on MacOS X?
There is such a possibility - please, see here.
II) Expert Advisors 1) What are expert advisors?
Expert advisors - pieces of software supported by MetaTrader 4 that allow your computer to trade automatically without your compulsory presence. In general, an expert advisor possesses the same knowledge base as the trader who wrote it and follows his trading style.
2) Why do I need expert advisors if I can trade independently?
Successful Forex trading requires a great deal of knowledge and experience. A trader has to process a huge amount of information and make decisions that can result in a loss of funds (the psychological factor). Manual trading also takes a lot of time. Expert advisors are created to assist newbie traders as well as those who cannot afford to be in front of their computers for lengthy periods of time.
3) How to launch an expert advisor?
After the purchase of the software, you will be provided with detailed instructions and personal customer support upon request.
4) Can I use the Forex Auto Trader expert advisor on several MetaTrader4 platforms?
Yes, you can. To do it, copy the file forexautotrader.ex4 from the "Experts" folder of the MetaTrader4 platform it was installed on and paste it into the "Experts" folders of your other MetaTrader4 platforms (the "Experts" folder can be found in the folder of your MetaTrader4 platform)
III) Problems with using Forex Auto Trader 1) I have problems with the FAT setup.
Please, make sure that you are using the most recent version of MetaTrader4. Go to the Forex Auto Trader download page and make sure that you have done everything correctly. If the problem still persists, contact our customer support service.
2) Should I change the settings to those on your setup video?
The setup video shows the installation of the very first version of Forex Auto Trader. The settings of the software's current version might differ significantly.
3) Should I alter the settings or close orders manually?
You should always use the default settings and never interfere manually with the software's performance. The only parameter you can alter is the Risk Factor, but this will result in the software's less frequent and less successful performance.
4) The amount of my deposit is less than $500. Can I use FAT with it?
Yes, you can. Your income will proportionally depend on the amount of your deposit.
5) Does the software perform differently with different brokers?
Yes, but this difference is very insignificant
6) The expert advisor is properly set up, but doesn't place any trades.
Please, check for the MetaTrader4 updates to make sure you have the most recent version. The expert advisor places trades not in respect to time spans, but when favorable market conditions arise. Forex Auto Trader is likely to make a least 1 trade every 1-3 days.
7) Why does the expert advisor sometimes place losing trades?
Losses are an integral part of Forex trading. Even the most experienced traders rarely place more than three consecutive winning trades. Forex Auto Trader places orders based on the signals, coming from the market analysis it conducts. In some instances, the signals can be false. If Forex Auto Trader has lost, it will compensate the loss in the near future with winning trades. The main thing is that by the end of each month you will have more winning trades than the losing ones, which will leave you in a considerable profit.
8) Can I start trading on a real account right after the purchase of Forex Auto Trader?
Forex Auto Trader is equally well adjusted for trading both on demo and real accounts. We would recommend you to first test it on a demo account for three to four weeks until you feel confident about using it on a real account.
9) Should I have my computer turned on and connected to the Internet 24/7?
Yes, you should. If you don't have your computer turned on and connected to your demo or real account with your broker through the Internet, you will not be able to use Forex Auto Trader.
10) Will FAT recognize if a trade has not been closed while the computer was turned off because of an electricity outage in my area? And will it be able to resume the same trade?
Yes, it will.
11) I run your EA (Expert Advisor software) and another EA on a single account on the same platform?
Yes, just make sure to open a new currency chart for each new EA you are using (by clicking on "New Chart" on the top left in your MetaTrader4 window).
12) How can I manage risk?
You can manage risk by manually adjusting the Risk factor to your needs in decimal terms ranging from 0 to 1 (e.g. 0.01, 0.02, 0.03; 0.1, 0.2, 0.3, 0.4, 0.5, 0.6 etc), with 0.01 standing for the lowest risk and 1 for the highest. In case the Risk factor is set to 0, the software will be trading the lot size you will set manually.
Please, note that if you choose to use a Risk factor value which is smaller than the default one, the software will perform fewer trades, with the trade amounts and the total profit being considerably smaller. 13) How do I adjust the robot to work with a 5-digit broker?
The robot adjusts to a 5-digit broker automatically. There is no need for you to take any action in this regard.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options 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 futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell 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.
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. Contact e-mail: helpdesk@forex-auto-trader.com © 2008 ForexAutoTrader. All Rights Reserved
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