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Forex Night Trader - Manual Guide: 1. Requirements

This document provides instructions for installing and using the Forex Night Trader Expert Advisor. It requires a broker with low spreads and commissions, a minimum account leverage of 1:100, and MT4 to be connected to the broker server 24/7. The EA is installed by copying its file to the MT4 experts folder. Its input parameters include trading pairs, lot size based on account balance, maximum accepted spread, order comment, and unique magic number.

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Franck Ilunga
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75 views

Forex Night Trader - Manual Guide: 1. Requirements

This document provides instructions for installing and using the Forex Night Trader Expert Advisor. It requires a broker with low spreads and commissions, a minimum account leverage of 1:100, and MT4 to be connected to the broker server 24/7. The EA is installed by copying its file to the MT4 experts folder. Its input parameters include trading pairs, lot size based on account balance, maximum accepted spread, order comment, and unique magic number.

Uploaded by

Franck Ilunga
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Forex Night Trader - Manual Guide

1. Requirements

 5 digits brokers.

 This EA is designed to work best on ECN/STP brokers, which has low spread and commission.

 Min. account leverage: 1:100. Recommended: from 1:300 or above.

 Min. deposit: as low as 100$.

 MT4 opened and connected to broker server 24/7.

2. Installation:

 Open your MT4 -> Go to main menu -> Tools -> Options -> Expert Advisors tab -> Enable checkboxes and add
URL "http://register.autofxpro.com" as following:

 Unzip the product’s package, you will see the file “AutoFxPro.com – Forex Night Trader.ex4″.

 Go to MT4 data folder by opening MT4 terminal -> Main menu -> Files -> Open Data Folder.

 Copy file “AutoFxPro.com – Forex Night Trader.ex4″ to directory path: /[data folder]/MQL4/Experts/.

 Go back to MT4/MT5 terminal -> Main Menu -> View -> Navigator -> Right click on Expert Advisors folder ->
Refresh -> Find “AutoFxPro.com - Forex Night Trader” -> Double click or drag it into any chart.

 At startup window -> Common tab -> Enable “Allow DLL imports” and “Allow live trading” check box.

1 Forex Night Trader - Manual Guide | http://www.AutoFxPro.com


 Switch to Input tab, enter your registered email address and activation key in order to activate your license. You
just need to enter your license for each account at a particular MT4 for the first time. It will remember your
license info, so just leave the license blank next times.

3. Input parameters

Also in Input tab, you will see all of its parameters

 Trading Pairs: Input all pairs that you want to trade, separated by semicolon character (;). If you leave this
parameter as blank, it will trade with the pair of the attached chart. Recommended pairs that has low volatility
and low spread at night time such as EURUSD;EURGBP;USDCAD;USDCHF;

 Lotsize_Per_1000_Balance: The basic lotsize per 1000 units of your balance. For example: if you set 0.1
lot/1000$ balance, then lotsize will be 0.2 lots with 2000$ balance. Don’t set this parameter with too big value as
it may cause unwanted loss when account suffering temporary drawdown.

 Max_Allowed_Spread: The maximum accepted spread to open trades. If the spread is higher than
Max_Allowed_Spread, the EA will not open trade. You should set this parameter at a value at 1.5 – 2 times
higher than your average spread.

 Order_Comment: The comment that you want to attach to the orders opened by the EA.

 Order_Magic_Number: The unique magic number that you want to attach to the orders opened by the EA. You
should use this to avoid conflict if you run it with another EA on the same account.

2 Forex Night Trader - Manual Guide | http://www.AutoFxPro.com

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