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Forex TYPHOON

megainvest

By megainvest
in MetaTrader Expert Advisors

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  • 5 months later...
deadsoul Newbie

⭐ deadsoul

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Re: (REQ) Forex TYPHOON

 

the manual is large file just showing how to download mt4 and set it up...but here is the important info...

 

Step 2: Determine the currency pair and time period to use
In this example, we will run the EA on the Daily chart of EURUSD. So the currency pair is EURUSD and the period is D1 (Daily).
Right click on EURUSD from the market watch window. When the menu pops up, choose “Chart Window”.
On the periodicity toolbar, click D1. Note that D1 stands for the Daily Chart. Each bar in the chart represents one day. Likewise, H1 will be the hourly chart. Each bar in the chart represents one hour and so on.
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Step 3: Run the ForexTyphoon Expert Advisor
In the Navigator window, double click “ForexTyphoon” under the “Expert Advisors” folder. You will see a pop up dialog. Notice the “Allow live trading” check box. This box must be checked. The “Inputs” tab contains parameters to tweak the EA. We will discuss it in more detail in the next topic. For now, we simply click the OK button to run the EA.
If everything is fine, you should see the label “ForexTyphoon” with a smiley face. See picture below. Our EA is now in action.
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Parameters
The ForexTyphoon EA comes with four parameters. You can change these parameters in the Input tab of the ForexTyphoon dialog box. See picture below.
Lots
Number of lots for each trade. If this value is set to 0 and RiskFactor is 2, the EA will calculate the number of lots such that the loss will not exceed 2% of account balance.
The default value is 0.
RiskFactor
The maximum percentage of account balance to risk in each trade. If the Lots is greater than 0, this parameter is ignored. Default value is 2 (2%).
MaxLoss
Maximum consecutive loss before EA stops. The default value is 0. Meaning it is ignored
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Examples of Winning Trade
EUR/USD H4, March 12, 2008 through April 2, 2008, ForexTyphoon generated a five consecutive wins, profit was $1124.50.
December 8

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