Scribd
Upload
143 views2 pages

FXCipher User Manual

The document provides instructions on how to install the FXCipher expert advisor (EA). It explains that users need to copy specific files to their MT4/MT5 folders, enable auto and DLL trading permissions, choose a preset and risk level, and ensure autotrading is enabled. It also provides information on minimum deposits required, recommended deposits, and descriptions of the EA's parameters and presets.

Uploaded by

Alexandre Vassoler
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
143 views2 pages

FXCipher User Manual

The document provides instructions on how to install the FXCipher expert advisor (EA). It explains that users need to copy specific files to their MT4/MT5 folders, enable auto and DLL trading permissions, choose a preset and risk level, and ensure autotrading is enabled. It also provides information on minimum deposits required, recommended deposits, and descriptions of the EA's parameters and presets.

Uploaded by

Alexandre Vassoler
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

USER MANUAL

HOW TO INSTALL THE EA:


Open your MT4/MT5 terminal. Go to File → Open Data Folder → MQL4/MQL5 → Experts. Copy and paste
FXCipher.ex4 file (if you use MT4), or FXCipher.ex5 file (if your use MT5) from the archive you received to the
mentioned folder.
Then go to File → Open Data Folder → MQL4/MQL5 → Libraries. Copy and paste ForexStore_1.4.dll file (if you use
MT4), or ForexStore_MT5_1.4.dll file (if you use MT5) from the archive to the mentioned folder. Reboot your
MT4/MT5 terminal.
Open a chart (or charts) with the supported currency pair(s) (EURUSD, USDCAD, AUDUSD, GBPUSD and EURJPY)
with ANY timeframe, drag and drop FXCipher to the open chart(s). If you want the EA to trade on all the supported
currency pairs, you need to open 5 different charts. Notice! Different presets of the EA support different number of
currency pairs (more information below).
Choose Common tab and check the boxes “Allow live trading” with “Allow DLL imports” (if you use MT4). In case of
using MT5 you need to check the boxes “Allow Algo Trading” in the Common tab, and “Allow DLL imports” in the
Dependencies tab.

Choose Inputs tab, choose one of the presets and specify your desired risk, if needed (more information about all
the parameters you can find below), or keep the recommended default settings. We recommend to set the risk up
to 25% (RiskLimit=25) for trading with the preset “Since 2010”, and up to 35% (RiskLimit=35) for trading with the
preset “Since 2017”.
Minimum deposits for the EA are: Preset “Since 2010”: EURUSD - $810, USDCAD - $550, AUDUSD - $750, GBPUSD -
$1250, EURJPY - $1050 for 0.01 lot. Preset “Since 2017”: GBPUSD - $390, EURJPY - $390 for 0.01 lot.
You should have at least $1250 to be able to trade on all the supported currency pairs of the preset “Since 2010”
together. The recommended deposit for such the trading is $5000. For trading on both supported currency pairs of
the preset “Since 2017” the minimum deposit is $390, and the recommended deposit is $1115.
Make sure that AutoTrading is enabled and the symbol “>” is running:

NOW YOU ARE READY TO START!


HERE YOU CAN READ MORE ABOUT ALL THE PARAMETERS OF FXCIPHER:
Preset – FXCipher has 2 built-in presets you can choose from. One of them has been optimized since 2010
and is highly reliable. The other one has been optimized since 2017, which helped to increase the profitability
of the robot. Preset “Since 2010” trades on EURUSD, USDCAD, AUDUSD, GBPUSD and EURJPY. Preset “Since
2017” trades on GBPUSD and EURJPY only.
AutoRisk – the money management of FXCipher. If “true” the EA will set lot size automatically, based on your
deposit and the risk you set. If “false” the EA will use lot size, which you can set manually in StartLot.
RiskLimit – a part of your deposit (in percentage) which the EA will use for trading. Doesn’t work if AutoRisk is
“false”. The minimum deposits which are required for the EA are equal to 100% risk. To be able to trade with
a lower risk your deposit should be bigger than the required deposits. For trading with the preset “Since
2010” and the recommended 25% risk your deposit should be $5000. For trading with the preset “Since
2017” and the recommended 35% risk your deposit should be $1115.
StartLot – lot size, which you can set manually. Doesn’t work if “AutoRisk” is “true”.
Drawdown Control – if “true” the EA works as usual and limits a drawdown. If “false” the EA removes all Stop
Losses and stops limiting a drawdown. It helps to wait for a rollback to clients who are willing to take that risk
Slippage – slippage, which you can set manually.
NFA – if “Yes”, the EA will disable opening of possible opposite trades (no hedge) and apply FIFO rule. If “No”,
the EA will trade without NFA limitations. Hide Stops will hide SL and TP for all orders, if that is needed, and
the EA will close trades in the necessary moments at their Market prices, same as on our account. Please
notice, despite the fact of enabling NFA option, some brokers may show a FIFO error from time to time, but it
is not dangerous for the logic of the EA.
MT5 version of the EA has an additional parameter - Order_Filling_Type:
ORDER_FILLING_FOK – an order can be filled only in the specified amount. That is a recommended default
mode for a guaranteed proper work of the original strategy.
ORDER_FILLING_IOC – a trader agrees to execute a deal with the volume maximally available in the market.
In case of using this mode, there could be a violation in the strategy of the EA, and we cannot guarantee a
proper operation of the system in all kind of situations. Use this mode only if the default FOK mode is
forbidden and you are ready to put up with possible deviations in the strategy.
ORDER_FILLING_RETURN – in case of partial filling an order with remaining volume is not canceled but
processed further. In case of using this mode, there could be a violation in the strategy of the EA, and we
cannot guarantee a proper operation of the system in all kind of situations. Use this mode only if the default
FOK mode is forbidden and you are ready to put up with possible deviations in the strategy.

If you have any questions, please contact us: [email protected]

You might also like