Instant Forex Signal

Instant Forex Signal
Your Long Term Forex Trading Solution
SIM Instant Forex Signal User Manual v1.1 1/18/2012

Your Forex Trading Destiny Begins Here

Introduction
This document serves as user manual for subscriber of Instant Forex Signal. Subscriber for all type of subscription plans should read this manual carefully before you take any further actions. Basically this manual is constructed in the manner of step by step procedure to guide you from selecting broker account and finally receive signal into your MT4 trading account. Note: I understand that this manual seen a little long and I believe majority of subscribers will skip most of the sections in this manual. But let me warn you that never skip any sections or steps in this user manual. Can you answer below questions with fully confident? Can you list down all requirements that you must have in order to duplicate our Forex trading result? What lot size should you trade based on your account size? What is LotScaling? How can it affect your trading result? How to maintain the same risk level with Master Trading Account?
This user manual will answer all above questions in detail. Please proceed with this document step by step to successfully duplicate trading result from the Master Trading Account.
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Synchronization Flow Chart

This flow chart is very useful and manages to guide subscriber go through the synchronization between subscribers trading platform and the master trading account. Master trading account always has open/floating position due to the trading strategy being used. Subscriber wants to mirror or duplicate trading result from master trading account. Therefore subscriber should not start to copy trade(s) when master account has floating position. Subscriber must copy trade from first floating trade of the master account. The purpose of this flow chart is to help subscriber to copy trade start from first open position from the master trading account. This process only has to be going through once, in the future when subscriber upgrade subscription plan these steps can be avoided at all. However, if subscriber changes trading account then these steps need to go through again.
Start
Payment Done
Update User Profile with name of Subscribers Forex broker and trading account number (must be accurate). Admin update subscribers profile with Username, Password and ID. You need this information to receive signal (Admin takes up to 48 hours to process) Subscriber study user manual, setup and configure signal receiver EA. Subscriber activates signal receiver EA. However subscriber will receive error message: Your account is not allowed to receive signals, contact support!. This is normal because Admin has not connected subscriber to the master trading account yet. Never disconnect your trading account / signal receiver EA from internet from now onwards including weekends.
You are here now. Make sure you have done previous steps. If not, please do now then come back to this flow chart.
Subscriber should email admin, inform admin that subscribers trading account is now ready to receive signal.
Admin connects subscriber to master trading account. This step takes sometimes, it can consume between 1 day to 1 week depend on floating positions in the master trading account. Admin needs to wait until all floating position has been closed then only can perform this step. This is to make sure subscriber actually copy from first trade from master nd rd trading account but not start copy from 2 or 3 trades. (This step manages to remove previous error: Your account is not allowed to receive signals) Admin notify subscriber, his/her trading account is connecting to master trading account and will start receiving signal.
End
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Step 1: Requirements of Trading Account Why is this section so important to subscriber? Answer: Because subscriber needs to have a same trading facilities with the Master Trading Account in order to mirror the same result.
In order to replicate our trading signal effectively and achieve similar result from our Master Trading Account, you need to make sure that your trading account meets the following requirements: 1. You need MT4 trading platform build 225 and above (support build 409). Please update your Metatrader 4 trading platform from your broker to the latest version. This is to make sure our Signal Receiver EA compatible with your MT4 trading platform. 2. Your broker should allow you to trade minimum lot size of 0.01 lots. 3. Your broker should allow you to increase your trading lot size by 0.01 lots. For example, you can open trade with lot size 0.01 lots, 0.02 lots, 0.04 lots, etc. 4. You can use either 4 digits or 5 digits broker. We recommend 4 digits broker. 5. STP or ECN broker is acceptable. 6. Spread should not more than 4 pips for EURUSD currency pair. We only concentrate on EURUSD. If your broker will widen the spread during news hour, then this broker is not suitable to receive the Forex signal. Your broker should give maximum of 4 pips spread at all time. 7. Your trading account should have leverage of 1:100 or less. We do not recommend higher leverage than 1:100. This is to maintain the risk level of your trading account as close as Mater Trading Account. 8. Your trading account must be able to stand -70% of equity drop before your broker performs margin call on your trading account. The broker is not recommended if minimum equity to avoid margin call level is more than 30% of your account balance. 9. You need a very stable and fast internet connection. You want to receive signal as soon as our Master Trading Account enter a positions. Slow internet connection will slow down your signal receiving speed or may disconnect your MT4 from the master trading account. 10. Other than fast internet connection, you also need internet connection for 24 hours 5 days a week to your trading platform. You cannot disconnect the Signal Receiver EA from our Master Trading Account during trading day, not even few minutes. We recommend you use VPS to host your MT4 trading account.
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11. You need minimum of USD $1000 as initial capital to start using this Forex signal. You can adjust the Signal Receiver EA to trade larger lot size if you have more capital. Detail explanation will be provided on later section. 12. This is the most important requirement in order to use this Forex signal. Your trading account must trade 1pip = 1 cent when you use USD $1000 as capital. If your pip value is 1pip = 10 cents then you need USD $10,000 to trade this Forex signal. Not many brokers offering 1pip = 1 cent account. By now you should have make sure you can fulfill the requirements in step 1 before you proceed.
We repeat: Consistent and stable internet connection is the key to replicate our trading result. Single missed trade may make you lose a lot of your trading capital. You always need to copy from 1 open position until Master Trading Account closes them all. This process will keep on repeating.
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Step 2: Understanding Money Management in Master Trading Account Why is this section so important to subscriber? Answer: Because subscriber not only copies the trading activities (buy/sell) but also must copy the money management concept. This is to avoid your trading account to have excessive risk. In order to make profit as similar as our Master Trading Account, you really need to understand this section. This section is about money management rules in the Master Trading Account. Before we proceed, let me tell you relationship among capital, risk level, lot size and estimated monthly profit return. You can choose either one of the risk level to suit yourself. Initial Lot Size (Mini Capital (USD) Account 10,000 units) 0.01 0.01 1000 > 1300 Risk Level Average Monthly Profit relative to capital (%) 4 <4
Low Risk Conservative
On my definition, conservative has lower risk then low risk.
In the Master Trading Account, the risk level chosen is Low Risk. We use USD $1000 to start trading with 0.01 lots in mini account (10,000 units). Mini account here means that in the Master Trading Account 1 pip is equal to 1 cent. We will maintain this ratio and we will not likely to change it. With USD $1000 to trade 0.01 lot, subscriber should expect monthly return of 4% (annual average). I highly recommend subscriber to start using our signal with minimum account balance of USD $1000. This is to make sure your trading account has the same risk level with our Master trading Account. Therefore the risk is actually in controlled by the Master Trading Account and you do not need to worry about managing the risk. Another risk level, Conservative risk level, this has lower risk then Low Risk. It is using USD $1,300 to trade 0.01 lot. The estimate monthly return should be around 3% (annual average). If you are using this signal with large amount of money for example USD 10,000 and above, then I really recommend you to use Conservative risk level. In this way, your trading capital is guaranteed to be safe so this is definitely a long term solution. In short, Low Risk risk level will give about 4% average monthly return. If you do not afford to face margin call or to lose your money then you better use Conservative risk level so that you can preserve the capital as long as possible. Forex trading naturally is high risk trading. If you still trade it using higher risk money management then overall risk will become very high which is a bad strategy to win. Due to this reason capital preservation
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should always be primary objective while profit return should come next. Therefore I always recommend using as low risk as possible in the money management. By now, you should be able to decide how much money to trade 0.01 lots. If you have not, please think about it then decide now.
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Step 3: Understand the variable of LotScaling Why is this step important to subscriber? Answer: You need to have the correct value for Lot Scaling. This is to ensure your signal receiver EA is opening the lot size that matches your trading capital (account size). You do not want your trading account having excessive risk.
In Forex trading, you need to determine the lot size that you should execute for each trade. In the signal receiver EA, you can control lot size using a variable called LotScaling. This section will guide you to determine the correct value for this variable according to your account size. LotScaling is a multiplier to adjust lot size to match your account size (money in trading account). Furthermore, this section also explains the correct increment of lotscaling when your fund is growing. To remind you again, in the Master Trading Account, we use Low Risk risk level which use USD $1,000 trade with 0.01 lots. In the Master Trading Account, we always maintain this ratio, so we always trade by starting with 0.01 lots. Note: USD $1,000 is the minimum account size we recommend to trade using this signal. Lotscaling is used to control the opening lotsize in your trading account that match your trading capital. Basically for trading capital of USD $1000 use lotscaling = 1, when your account grow to USD $2000 then increase lotscaling to 2. Whenever your account having lesser than USD $2000 your lotscaling remain as 1. Let me help you to understand about LotScaling with examples. For example, if your account size is USD $1,000, to maintain the same risk level with Master Trading Account, so your LotScaling should be adjusted to 1.0. The reason is your account size is exactly same with account size of Master Trading Account. Another example, let say your account has USD $3000, to maintain the same risk level with Master Trading Account, your account size is three times (3X) larger than account size of Master Trading Account. Therefore the value of LotScaling is 3.0. Another example, let say your account has USD $4500, to maintain the same risk level with Master Trading Account, your account size is ($4500 / $1000) = 4.5 times larger than account size of Master Trading account. Therefore the correct value for LotScaling is 4.0.
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Remember; never use 4.5 as LotScaling for this case. Increase your LotScaling to 5.0 when your account size reaches USD $5000. Another example, let say your account has USD $1800, to maintain the same risk level with Master Trading Account, your value of LotScaling should be 1.0. Again, you need USD $1,000 to trade 0.01lots. Therefore increase your LotScaling to 2.0 only when your account reaches USD $2,000. This way, you are actually maintaining the same risk level with Master Trading Account, which is highly recommended. Last example, let say you want to start using this signal with USD $2500. In order to maintain the risk level with Master Trading Account, your account is ($2500 / $1,000) = 2.5 times larger than Master Trading Account. Value of LotScaling should be 2.0. Master Trading Account is trading with 0.01 lots. Again, you need USD $1,000 to trade 0.01 lots; so you need USD $3,000 to have value of LotScaling to be 3.0. Below is a formula to help calculate value of LotScaling: For Low Risk risk level: Your Account Size ($) / $1,000
For Conservative risk level: Your Account Size ($) / $1,300 Note: For Conservative risk level, USD $1,300 is not a fixed value, but it is minimum value. You can increase this value as you like. If you increase the value, meaning you are lowering your trading risk. From the answer of above formula, take the smaller whole number for the value of LotScaling. Example of smaller whole number: Answer from Formula 1.22 1.50 1.90 2.25 2.88 2.55 Correct Value for LotScaling 1.0 1.0 1.0 2.0 2.0 2.0
If you are not sure about value of LotScaling, please contact administrator of Instant Forex Signal. By having the wrong value, either your account is in danger or you may make lesser profit. Value of LotScaling should be adjusted from time to time to suit your
account size. This is not set and forget variable.
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By now, you should be able to calculate the value for LotScaling based on your trading account size. Calculate it immediately because you will need this value on the next step! Step 4: Install and configure the Signal Receiver EA. Why is this section important to subscriber? Answer: This is the technical step to allow your trading platform to receive signal. If you follow correctly, you can save a lot of time on troubleshooting on later stage.
After a lot of concepts and theories from step 1 to step 3, step 4 is all about practical. Let the fun begin! This section will show you the way to setup the signal receiver EA. Actually it is very easy to install and configure. Please login to the member area to download the signal receiver EA. The name of the file is SCM_Slave_Setup.exe. Before you proceed, you have to update your user profile with your trading account number that you would like to use it to receive Forex signal from Instant Forex Signal. Without this information your signal receiver EA will not work at all. Therefore it is compulsory to fill in your Forex trading account number in your user profile. Please login to www.instantforexsignal.com then look for My Account on the left side bar, click My Account, then click Profile button, then you should be able to edit your trading account number under Your Forex Account section. Detail explanation for installing and configuring the signal receiver EA please precede to Appendix section.
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Appendix
Signal Receiver EA Installation and Configuration Procedures
Requirements of Installation 1. 2. 3. 4. 5. 6. Metatrader 4 build 255 or above, up to build 409 Windows 2000 / XP / Vista / Windows 7 2GHz or faster CPU 512 MB RAM (1GB recommended) Microsoft Visual C++ 2010 Redistribution Package Basic Knowledge about installing Metatrader 4 experts.
Pre-installation Requisites Metatrader Use a clean installation of Metatrader Make sure is updated to current version Do not open charts you do not need Do not use experts and indicators you do not need Even if are not used, experts and indicators present in large amounts are not recommended, Metatrader still need to cache all scripts Do not back test on Metatrader where you use the signal receiver EA Do not open more Metatrader instances that you are absolutely not needed
Windows Make sure you have a clean and optimized system Check if regularly for possible issues, optimized and defragment it Do not run unnecessary software as torrents, chat software, or other programs that require substantial system resources Do not play music, movies or games while running the signal receiver EA Make sure you do not have viruses or Trojans on system Use quality antivirus/firewall programs. Some can delay or even block normal Metatrader operation. Make sure you have a good internet connection If you run Window 7 or Vista make sure you can run Metatrader with administrator privileges or you have disable UAC
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Installation Process 1. Close all Metatrader if any of these are running on your system. 2. Double click on the SCM_Slave_Setup.exe file. Click Next button.
3. This step you need to choose the directory that you want to install signal receiver EA. This signal receiver EA must install in the same directory of your Metatrader trading platform. Example below showing installing signal receiver EA in a directory called InstaTrader mysql slave. InstaTrader mysql slave is a directory where the trading platform is being installed and Forex signal will be sent to this trading platform. Press Next.
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4. Press Install.
5. You need to install Visual C++ Distributation in order for this EA to work properly. Follow the installation wizard, it will guide you through the entire process. When you see the screen below, it means you have successfully installed the Visual C++ distribution. Then press Finish.
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6. Press Next.
7. Click Finish to complete the installation.
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8. After you have completed the installation, navigate to experts directory where you install the signal receiver EA. Make sure you see a file named SignalSlaveMySQL.ex4. If you see this file in the experts directory then you have successfully installed the signal receiver EA. If you do not see this file, then you need to reinstall.
9. Please click on libraries folder, you should see a file called SignalCopyMySQL.dll
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Configuration Steps Please follow below steps to enable and configure the signal receiver EA to start receiving signal from Master Trading Account. 1. Open a new chart, any currency pair is allowed. However we recommend EURUSD. Note: Is not important what symbol or time frame you do attach the EA to chart. However, is recommended to choose volatile pair and lower time frame to have greater number of ticks. So that you can increase the speed of receiving Forex signal. 2. Drag and drop SignalSlaveMySQL EA into currency chart that you have just opened above. Note: Never attach SignalSlaveMySQL on more than one chart on same account.
Drag and drop into chart
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Your Forex Trading Destiny Begins Here 3. Double click on the name of this signal receiver EA (SignalSlaveMySQL) under Navigator window Expert Advisors. A properties window will show up. From here you can configure the signal receiver EA. Make sure you have the exact same setting with the figure below.
4. Click on Inputs tab. From this step onward, every important variable in this EA will be explained. Value for each variable will be recommended. However most of the values will be default value. MySQL server settings
Host: Trading server IP address. The correct IP address is: 168.144.107.110 Leave it as default value. If there is any changes to this value, administrator of Instant Forex Signal will inform subscriber.
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Port: This is the port number to connect to the trading server. The correct value is 3306. Make sure your firewall or antivirus software is not blocking this port. Leave it as default value. User: This is the username for your signal receiver EA to connect to trading server. You can get this username from your user profile at www.instantforexsignal.com Please contact administrator of Instant Forex Signal if you do not see Username in your user profile. You may use this contact form to contact administrator, http://www.instantforexsignal.com/contact Password: Password required by this EA to connect to the trading server. Please login to your user profile. If you do not find the password, please inform administrator of Instant Forex Signal by using Contact Us form http://www.instantforexsignal.com/contact. Administrator will update you as soon as possible. This value should not be changed from time to time, it should be permanent password. Database: This is the name of database for your signal receiver EA to collect trading activities. The correct value is signalmysql_db. In case if it is changed then administrator will inform subscribers. EncryptionKey: Key used for data encryption. Data transfer between trading server and this EA is encrypted using this key. Please leave it as default value. Never changes this value otherwise signal receiver EA will not be able to receive signal.
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Your Forex Trading Destiny Begins Here Trading setup
ID: Each MT4 trading account will be assigned with a unique ID. Please login to user profile; you should see this value under Signal Receiver EA. This value is very important; make sure you double confirm you are entering the correct value. Slippage: Maximum slippage you allow for opening and closing of orders. Slippage is the deviation from quoted price. It is calculated as 4 digits pip value. If your broker uses 5 digits it means Slippage will be converted from 3 to 30 automatically. This value has nothing to do with Master Trading Account. Recommended value is 3 pips which is default value. Pips Tolerance: Maximum difference you accept between current price of your broker and price sent by Master Trading Account.
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Your Forex Trading Destiny Begins Here MinNegativePipsTolerance: If MinNegativePipsTolerance = 2, it means -2 pips deviation of current price versus price sent by Master Trading Account. Recommended value is 0.0 which is default value. MaxNegativePipsTolerance: If MaxNegativePipsTolerance = 7, it mean -7 pips deviation of current price versus price sent by Master Trading Account. Enlarge this number so that subscriber MT4 will have less possibility to miss duplicate trading activities from Master Trading Account. Recommended value is 7.0. Never use number higher than 7.0. MinPositivePipsTolerance: If MinPositivePipsTolerance = 2, it mean +2 pips deviation of current price versus price sent by Master Trading Account. Recommended value is 0.0 which is default value. MaxPositivePipsTolerance: If MaxPositivePipsTolerance = 7, it mean +7 pips deviation of current price versus price sent by Master Trading Account. Enlarge this number so that subscriber MT4 will have less possibility to miss duplicate trading activities from Master Trading Account. Recommended value is 7.0. Never use value that larger than 7.0. Note: If your broker uses 5 digits it means Pips Tolerance will be converted from 7 to 70 automatically.
LotScaling: Used to adjust lot size to match your trading account size. Master Trading Account is trading with 0.01 lots and has account size of USD $1000. If your account size = USD $10,000 then use LotScaling = 10. Please refer to step 3 in this manual to have details explanation on this variable.
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Your Forex Trading Destiny Begins Here Manages symbols name
PairsPrefix: If your broker use custom prefix (like FX_EURUSD) then input here FX_ (without quotes). Otherwise use default value which leave it blank. PairsSuffix: If your broker use custom suffix (like EURUSDm) then input here m (without quotes). Otherwise use default value which leave it blank.
Master orders list settings
ShowMasterList: Will display on chart a list of orders currently open on Master Trading Account. It is useful to enable this function. Always set this value to true which is default value. MasterListColor: Set color for Master list.
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Your Forex Trading Destiny Begins Here Logging and warning settings
WriteLog: EA will create an own log as a .csv file. This log file includes content about trading record. Recommended value is true which it is default value. DisplayWarnings: Print on chart warnings related to MaxOrdersAge and info for orders outside range of PipsTolerance. Recommended value is true which it is default value. PrintWarnings: Print on experts tab warnings related to MaxOrdersAge and info for orders outside range of PipsTolerance. Since those warning are printed each cycle for each filter for each existing trade is better to use this option only to check functionality. Recommended value is false which it is default value. PrintInfo: Print on expert tab additional information.
Detect if market is open or close Get.GMT.from.web: If is false, GMT time will be acquire from host computer. If you set to false, please make sure your computer or VPS having correct time zone and the time is accurate. Recommended value is false which is default value. GMT.Open.Hour: GMT hour on Sundays when your broker is open for trading. Please consult your broker for correct value. Otherwise set it to 20. GMT.Close.Hour: GMT hour on Fridays when your broker is closed for trading. Please consult your broker for correct value. Otherwise set it to 23.
Note: Default times are Friday 22 GMT for market closing and Sunday 22 GMT from opening. Open hour and close hour vary from broker to broker. For example, Alpari UK start on Friday 22 GMT and close on Sunday 21 GMT. Market Status detects only weekends, not other non-trading days as holidays.
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Activation of Signal Receiver EA After you have done with correct settings and configuration, please enable your signal receiver EA and make sure you see a smiling face on top of right hand corner.
Please click this button to enable or activate the EA.
Make sure you see a smiling face. This indicates EA is starting to work.
If you see this, you need to click on the face; make sure you enable allow live trading.
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Your signal receiver EA is working perfectly if: 1. Connected to MySQL server 2. Master Open Orders is same with your trading accounts open order. 3. Data feed speed should not slower than SLOW; Very Slow is not acceptable, it will definitely cause your MT4 in delaying to receive and execute orders.
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Troubleshooting If you have been following procedures as listed in page 3 (Synchronization Flow Chart) but you still get error or problem as below figure, then you need to solve it as soon as possible by contacting administrator. The actual problem is your signal receiver EA has missed some open positions from master trading account; therefore Master Open Orders is not tally with your account open orders.
This is due to subscribers MT4 missed missed to copy trades from Master Trading Account
This is due to Subscriber has manually closed open order that sent by Master Trading Account Both symbols indicate subscribers MT4 is not tally with Master Trading Account. Subscriber has to execute below steps immediately. Solution: Step 1: You need to deactivate the signal receiver EA then close all open position. It is your choice either closes in positive or negative. The point is clear your MT4 from any floating trades. Step 2: Immediately email administrator regarding this issue. As soon as admin receive your email, your signal receiver will be disconnected from master trading account. Then administrator will reply your email asking you to activate your signal receiver EA again. Step 3: Whenever you read the reply email, immediately you activate the signal receiver EA and are ready to receive Forex signal. Make sure your trading account has no open positions before you activate the signal receiver EA. However you will get error message: Your account is not allowed to receive signals, contact support!. This is correct and normal. Step 4: When the time come, administrator will connect your signal receiver EA to the master trading account. Administrator will notify you about the connection. At this moment the error message should have gone. Your trading platform should be able to receive trading signal. Step 5: Please check again whether Master Open Orders is tally with your trading accounts open orders. Monitor MT4 for few days make sure everything is running correctly. Step 7: Contact administrator if you still facing error or problem.
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Friendly Reminder 1. When you change trading account number, you need to use Account Update Form which you can find it at member area. Fill in the form, wait for confirmation from administrator. As soon as you receive confirmation message from Instant Forex Signal, your new trading account will be able to receive trading signal. 2. LotScaling is a very important value. You need to make sure you are using the right value in order to protect your trading account from excessive risk. 3. You need to have stable and consistent internet connection. Never ever disconnect both your trading account and signal receiver EA from internet. This is very dangerous. You can consider running your trading platform in VPS. 4. If your signal receiver EA happens to run in VPS, you need to check your VPS from time to time, make sure your VPS vendor does not restart the server.
Additional Information A few words about speed, MySQL is a very fast database, orders are sent from Master Trading Account and received by subscribers MT4 less than 1 second (Usually under 0.5 seconds). Most delays are caused by Metatrader itself. As any EA run based on ticks, if EA is attached to a pair that have low volatility then will have big time interval between ticks. In this case is no use MySQL speed if ticks came at interval of 4-5 second or more. Try to attach EA to a volatile pair to ensure sufficient ticks. Other aspect is data feed or broker. If data feed from broker is slow then will send fewer ticks. There is no solution for this except changing broker. Typically a 4 digit broker has less tick than 5 digit broker. Other things that may cause delay and are outside of EA control are: Bad internet connection. Firewalls and antivirus that hang too much analyzing data. File sharing programs that consume high bandwidth.
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Your Long Term Forex Trading Solution

SIM Instant Forex Signal User Manual v1.1 1/18/2012