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FxZapperForexRobot

InstallationandUserManual

V1.2April2010

CopyrightFXZapperEA,Allrightsreserved
Version1.2

ReleasedateApril2010

Website: http://www.fxzapper.com

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Copyrightinformation
REPRODUCTION AND OR TRANSLATION OF ANY PART OF THIS WORK BY
ANY MEANS ELECTRONIC OR MECHANICAL INCLUDING PHOTOCOPYING
BEYOND THAT PERMITTED BY COMPYRIGHT LAW WITHOUT THE PRIOR
WRITTEN PERMISSION OF THE PUBLISHER IS UNLAWFUL AND STRICTLY
PROHIBITED.

DisclaimerandRiskWarnings
Trading any financial market involves risk. The content of this manual, its
various associated websites and all related correspondence are neither a
solicitationnoranoffertopurchaseorsellanyfinancialinstrument.
Although every attempt has been made to ensure accuracy, we do not give
any express or implied warranty as to its accuracy. We do not accept any
liability for error or omission. Examples are provided for illustrative and
educationalpurposesonlyandshouldnotbeconstruedasinvestmentadvice
orstrategy.
No representation is being made that any account or trader will or is likely
to achieve profits or losses similar to those discussed in this ebook. Past
performanceisnotindicativeoffutureresults.
By purchasing the software, subscribing to our mailing list or using the
websiteyouwillbedeemedtohaveacceptedthesetermsinfull.
Weendeavourtoinsurethatrelatedwebsitesareavailable24hoursperday
but we cannot be held liable if, for any reason, a site is unavailable. The
information provided in this manual is not intended for distribution to, or
for use by, any person or entity in any jurisdiction or country where such
distribution or use would be contrary to law or regulation or which would
subject us to any registration requirement within such jurisdiction or
country.
Hypothetical performance results have many inherent limitations, some of
which are mentioned below. No representation is being made that any
account will or is likely to achieve profits or losses similar to those shown.
In fact, there are frequently sharp differences between hypothetical
performances results and actual results subsequently achieved by any
particulartradingprogram.

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One of the limitations of hypothetical performance results is that they are

generally prepared with the benefit of hindsight. In addition, hypothetical
trading does not involve financial risk and no hypothetical trading record
cancompletelyaccountfortheimpactoffinancialriskinactualtrading.
For example: the ability to withstand losses or to adhere to a particular
tradingprograminspiteoftradinglossesarematerialpointswhichcanalso
adverselyaffecttradingresults.Therearenumerousotherfactorsrelatedto
the market in general and to implementation of any specific trading
program, which cannot be fully accounted for in the preparation of
hypothetical performance results, all of which can adversely affect actual
tradingresults.
We reserve the right to change these terms and conditions without notice.
Youcancheckforupdatestothisdisclaimeratanytimewithoutnotification.
The content of this ebook and all related websites and correspondence are
copyrightandmaynotbecopiedorreproduced.

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Introduction
Congratulations on purchasing FX Zapper EA the trading robot with an outstanding success rate
andevidenceofastronggrowthinprofitovertime.
Thistradingrobot(alsoknownasanExpertAdvisororEAforshort)willanalyseandtradethe
Forexmarketforyou,100%automaticallyandfeaturesquickandeasyinstallation.
Youwillenjoyaveryeffectiveexpertadvisorwithaproventrackrecord.
Theonetimepaymentincludesandupdatesforthetradingrobotwithnomonthlyfee.
ItisassumedthatyouhaveselectedabrokerandthatyouhavedownloadedMetaTrader4fromthe
brokerswebsite.Inadditiontothisitisalsothoughtthatyouhaveanaccountsetupalbeitademo
accountorlivetradingaccount.
FX Zapper recommends a low spread broker, preferably ECN style broker. Personally, we like
www.fxcbs.com.
FxZapperisdesignedtoworkontheEURUSDcurrencypair,althoughitispossibletorunonother
pairsifoptimisedbytheclient.WepreferonlytorunitonEURUSD.
Wereferyoutothisusefulwebsite http://www.mt4spread.comtoidentifypossiblebrokersthat
youwouldliketouse.Intradingthespreadisacostandthereforethetighterthespreadsthemost
profitableFXZappercouldbe.
Itwouldbeusefulatthisstagetoidentifywhattypeofaccountyouhavesetup.Accountssetupby
traders could typically be mini accounts (allowing a minimum lot size of 0.1), however becoming
increasingly popular are micro accounts (allowing a minimum lot size of 0.01 lots). Although the
differences seem slight they can have an impact on the operation of FX Zapper from a money
managementperspectiveonly(Doesnotaffectexecution).Asthisisthecaseitisimportantthatyou
look at Section 2A in particular detail and that you understand the allocation of lot size when
applyingFXZapperEAtoalive/demotradingaccountandwhenbacktesting.
It is important to know that your MetaTrader 4 terminal when FX Zapper EA is applied should be
openatalltimessothattradingcanoccur.
PleasereadandfollowtheinstallationguidecarefullyandfullybeforeyouoperateFXZapperEA.

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TableofContents
1.

MetaTrader4Download

2.

Securityandlicensinginformation

3.

FXZapperEAInstallationGuide

4.

Settingupfortrading

5.

BacktestingFXZapperEA

6.

Brokertimeoffsetting

7.

TroubleshootingFXZapperEA

8.

Frequentlyaskedquestions

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1. MetaTrader4
Section1A
installed.

EnsureyouhavethelatestversionofMetaTrader4

Todothis,clickHelpinthemainMetaTrader4menu,thenclickAbout,awindowsimilartothiswill
appearshowingtheversionandbuilddetailsplusthedatethatitwasreleased.
NOTE:FXZapperEArequiresBuild225orhigher

Undernormalcircumstances,MetaTrader4willautomaticallycheckfornewerbuildseachtimeyou
starttheapplicationandwillimmediatelyofferyoutheopportunityofupdatingyourversion.Ifyou
findthatanearlierversionisinstalledonyourcomputerandyouarenotbeingofferedtheoptionof
updatingthenpleasecallyourbrokerforassistance.
Assuming that everything is working correctly, if you open MetaTrader 4 and you dont have the
latestbuild,itwillimmediatelydisplayawindowsimilartothis:

Wheneveryouseeascreenlikethis,clicktheStartbuttonandMetaTrader4willupdateitselftothe
latest release. The process does not take very long and will reduce the possibilities of you
encounteringproblemswithrobotsthatyoumaywishtouse.

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Oncecomplete,thefollowingscreenappears:

ClicktheUpdateandRestartbuttontolaunchtheupdatedversionofMetaTrader4.

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Section1B

InternalconfigurationofMetaTrader4

TherearesomesettingsinMetaTrader4thatifchangedpriortoinstallationtoensurethesuccessful
installationandrunningofFXZapperEA.
With MetaTrader 4 installed, it is recommended to go to the Options Menu to check the internal
settingstheretoensuretherobotwillruneffectively.
FromtheToolsmenuchooseOptions:

IntheOptionswindowthatopens,clicktheExpertAdvisorstab.
You will see the following window. Make sure you the check/uncheck the boxes so that it looks
identicaltothescreenshotbelow.

NOTE:IfthisisnotcompletedthenFXZapperwillnotfunctioncorrectly.
Click OK button to continue. Close the MetaTrader 4 window using the X in the topright of the
applicationwindow.

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2. Securityandlicensinginformation
Weofferafull60dayrefundpolicyonourproductcommencingfromthedateofpurchase.
ToprotectFXZapperEAfrompiracywehaveapplyarestrictionregardingthelengthoftimethatit
will function from the date of purchase. The length of time will be between 6570 days from the
dateofpurchase.
Ifyourequestarefundatanystageduringthe60daywindowyourFXZapperEAwillceasetotrade
after6570daysfrompurchase.
TheFXZapperEAyouhavereceivedonpurchasewillrunforbetween6570daysonanyaccount
numberyouapplyitto(atthisstagethereisnolimittothenumberofaccounts/brokersFXZapper
canbeappliedto).ThismeansyoucantryoutFXZapperEAonamultitudeofbrokersandaccounts
totestwhichwouldbemostsuitable.
Oncethisperiodends(outsidethe60dayrefunddeadline),youmustcontactadmin@fxzapper.com
providingtheoneaccountnumberyouwouldliketouseFXZapperEAon.
WhenyouhavesupplieduswiththeaccountnumberyouwillreceiveafullylicensedversionofFX
ZapperEAthatwillhavenoexpirydate,however,youwillonlybeabletouseFXZapperonthisone
tradingaccount.
Informationonhowtoupdateyourlicenceoncereceivedwillbeincludedalongwiththelicenceif
andwhenyouprovidetheaccountnumber.
As with most computer software, your fully licensed for FX Zapper EA is valid for use on one
MetaTradertradingaccountonly(theaccountnumberyouprovideuswith).
Thismeansthatonceyouprovide admin@fxzapper.comwithyourtradingaccountnumber(only
your account number no passwords are required from you) FX Zapper EA will be locked to that
accountonly.
Note:ThisdoesnotaffecttheaccountsabilitytoapplyFXZappertomultiplecurrencypairs,solong
asitisonthissametradingaccount.
Ifforanyreasonyouapplyandreceivearefundofyourpurchase,yourlicensewillberevokedand
FXZapperwillautomaticallystopworkingonyourcomputerafteraperiodof6570daysofpurchase
nomattertheaccounttype.
You have the right to apply (apply meaning sending admin@fxzapper.com an email detailing the
accountyouwouldlikethefullylicensedversiontobelockedto)forthefullylicensedversionofFX
Zapper EA during the 60 day refund period, however, if you do this, you revoke your right to a
refund.

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3. FXZapperEAInstallationGuide
SECTION3A

FXZapperRobotInstallation

We will use broker Tadawulfx for screenshots as they seem to be quite popular broker with our
clients.Thisisforillustrationonly.
Afteryoucompletedthepurchaseprocess,youwillhavereceivedtheFXZapperEApack.Thispack
includes FXZapperv1.2.ex4 file, FXZapperV1.2 Licence.dll file and this user manual for FX Zapper
EAV1.2.
When you have successfully 1) downloaded MetaTrader, 2) setup a trading account and
3)completedSection1understoodsection2thenwearereadyforthissection.
FXZapperEAmustbecopiedintothecorrectlocationwithinMetaTrader4sothatMetaTradercan
identifyitasanExpertAdvisor(EA).
TodothisyoumustlocatetheMetaTrader4folder.IfyoudontknowwheretheMetaTrader4
folderisyoucanuseyourdesktopicontoviewitslocationbydoingthefollowing:
Hoveryourmousepointerovertheicon(donotclickonit)onyourdesktop(inthisexampleitis
C:\ProgramFiles\TadawulfxTrader4)andthelocationofMetaTraderwillappear.

UsingthisinformationlocateyourMetaTrader4folder.

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Whenyouhavelocatedthefolderitwilllooksomethinglikethis.

Nowthatyouhavelocatedthefolder,thenextstepistocopyFXZapperV1.2.ex4fromyour
downloadedFXZapperEApackintotheexpertsfolder.YoucandothisbyrightclickingontheFX
ZapperV1.2.ex4fileandselectcopy.
Opentheexpertsfolderandarightclickwithinthewindowbutnotonafolderwilldisplayamenuif
youclickpastethiswillplacethefileintheexpertsfolder.

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Carryouttherightclickandpasteanywhereinthisareashownabovenotonafolderwithinthe
expertsfolderorthelocationwillnotbecorrect.YoushouldseeasabovetheFXZapperV1.2filein
shownintheexpertsfolderwhenitiscopiedandpastedsuccessfully.
IfyouseeFXZapperV1.2inthewindowcongratulationsyouarealmostthere,wenowmustdothe
samefortheotherfileFXZapperV1.2Licence.dll.

SECTION3B

FXZapperV1.2Licence

ThisfileenablesMetaTradertorecognisethattheversionofFXZapperyouareplanningtouseis
licensed.
ThisfileliketheoneintheprevioussectioniscopiedintotheMetaTrader4folder;notehoweverthe
locationisdifferent.RepeatthestepsoutlinedinSection3AtolocatetheMetaTrader4folder.
OnceyouhavelocatedtheMetaTrader4folderitwilllooklikesomethinglikethis

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Opentheexpertsfolder.

Openthelibrariesfolderwithintheexpertsfolder.
NextstepistocopyFXZapperV1.2Licence.dllsuppliedintothelibrariesfolder.Youcandothisby
rightclickingontheFXZapperV1.2Licence.dllfileandselectcopy.
Inthealreadyopenedlibrariesfolderrightclickwithinthewindowbutnotonafolderwilldisplaya
menuifyouclickpastethiswillplacethefileinthelibrariesfolder.

Ifyouseethefilelocatedinthewindow(asabove)congratulationsyouhavebothallthenecessary
softwareinplaceforFXZapperEAtotrade,nextstepisapplyingFXZapper.

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4. Settingupfortrading
SECTION4A

ApplyingtheExpertAdvisor

AfteryouhaveinstalledEx4fileanddllassection3,pleasecloseandreopenyouMT4terminalifitis
notalreadyclosed,inwhichcaseopenit.
FxZapperEAisprimarilydesignedtorunonEURUSD5minchart.
Youareofcoursewelcometoexploreothercurrencypairs,asFXZapperEAisbuiltonuniversal
principlesthatapplytoallpairs.ItispossibletotesttheeffectivenessofFXZapperusingtheBack
testingtechniqueoutlinedinSection5.

ThenclickEURUSD.
Tochangethetimeframeto5minutes,inthetoptoolbarclickontheM5button:

Inthenavigatorwindow,expandtheExpertAdvisorsmenuanddoubleclicktheFXZapperV1.2.

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NOTE: The FxZapper EA will be GREYin your case in the Expert Advisors Tree,
this is correct. It just means the source code is not revealed. It will work
perfectlywell.
IntheFXZapperwindowthatopens,clicktheCommontabtoseethesegeneraloptions.Makesure
yourscreenlooksthesame,especiallythetickintheboxAllowLiveTrading.

Itisveryimportantthatallofthesettingscircledinredmatchtheimageaboveortheexpertadvisor
willnotfunctioncorrectly.
PleasepayspecialattentiontotheConfirmDLLcallsoptionwhichshouldremainunchecked.When
finishedwiththiswindow,clickOKtoapplyFXZappertothechart.
Thatsit!FXZapperisreadytoanalysethemarketandtradeautomatically.
Checkthefollowing,thereisasmilingfaceinthetoprightcornerofthechart;

Ifyouseeasadface;

YouveprobablyforgottentoticktheAllowlivetradingboxintheprevioussteps.
Inthatcase,inthenavigatorwindowdoubleclicktheFXZapperV1.2again.

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Ifyouseeanxnexttothename...

...thenpressthelargeelongatedtoolbarbuttonthatsaysExpertAdvisors;

Important:DonotchangethecharttimeframeonceFXZapperEAhasbeenattached.
FXZappercomeswithdefaultsettings.Donotchangethemunlessyouareanadvancedtrader.The
settingsareaccessibleviatheInputstab,andwillbeexplainedinthenextsection.

SECTION4B

AdjustingFXZapperInputs

ToadjusttheExpertAdvisorsettingsdoarightclickonthechartcontainingFXZapper.
ThefollowingmenuwillappearlistingTradingatthetoptoPropertiesatthebottom.Ifyouhover
overtheExpertAdvisorasidewaymenuappearsasshownbelow.
ClickonPropertiescontainedinthesidewaymenu.(ORHITF7FunctionKeyforShortcut)

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Thefollowingwindowwillopen.Ensurethatthewindowobservedisidentifiedasbeingthesameas
theonebelow:

SelecttheInputstabscrollingupanddownwillrevealallthefollowinginputs:

Inputscontinued...

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TheInputCategoryareasfollows:

MagicNumber

Moneymanagementincorporateslots,riskandlotdigits.

Ordersmanagementincorporatesecnbrokeroption,stoplossandtakeprofit.

Timefilteroptionusedtocorrectforbrokertimesettings(seeSection6).

InputsTabexplained:
MagicNumber:ThisistheuniquereferencenumberthattheExpertAdvisorusestodistinguish
differenttradesthathavebeenopened.Thiscanbeleftasthedefaultnumber.
MoneyManagement:Thisisafundamentalaspectoftradingandanintegralpartofthewaythe
ExpertAdvisortrades.Thereare2optionsavailablewithinFXZapper.
Lots:Thisinvolvestradingafixedlotsize.ThismeansthattheExpertAdvisorwillbetradingusing
thissetvalue.Theaccountwilltradeatalinearrateusingafixedvaluelotsize.Forexampleto
tradeabalanceof$5,000,wewouldrecommendasettingof0.5lotsizeandreducingthelotsize
accordinglyforexample$1,000equatesto0.1lots.Ifyouwouldliketousethisaspectformoney
managementthenyoushouldensurethatmmissettofalse.
Risk:ThisisthepercentofthebalancethatwillbetradedwhenFXZapperopensatrade.This
meansthatthelotsizebeingtradedwillalwaysbedirectlylinkedtothebalanceoftheaccount.This
aspectofmoneymanagementcaninvolvemoreriskanddoesmeanthataccountscanprofit/lossat
anexponentialrate.Werecommendasettingofbetween5and10%.Ifyouwouldliketoselectthis
optionchangethemmvaluefromfalsetotrueandFXZapperwillusethe%riskthatyouhaveset.
Lotdigits:Itisimportantthattheminimumlotsizethatcanbeorderedthroughyourbrokeris
identified.Thereareminilotallocation(minimumlotsize0.1)andmicrolotallocation(minimumlot
size0.01).Iftheminimumlotsizeallocatedbyyourbrokeris0.1,thenthisinputmustbesetat1,if
theminimumlotsizeis0.01thenthisvalueshouldbechangedto2.
NOTE:IfthisisnotdonetheremaybeproblemswithFXZappersendingorders.
OrderManagement:Thisistheoptiontospecifyinputssuchasbrokertypeandstoplossandtake
profit.
ECN:IfthebrokeryouhaveopenedyouraccountwithisanECNbrokerthenthisoptionmustbe
changedfromfalsetotrue.Ifyouareunsureastowhattypeofbrokeryouaredealingwithcontact
theircustomersupportandtheywillbeabletoprovideguidance.
Stoploss:Thisisthevalueset(inpips)thatanopenedtradewillclosewithloss.Standardsettingis
70pips.
Takeprofit:Thisisthevalueset(inpips)thatanopenedtradewillclosewithprofit.Standard
settingis10pips.

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TimeFilter:Thisistheoffsetthatneedstobeappliedforyourbroker.Alistofbrokersand
theiroffsetsareattachedinAppendix1ofthisdocument.Notethatitwasnotpossibleto
acquireallthebrokershoweverthemajoronesarelisted.Thisisaveryimportantpartof
correctoperation.

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5. BacktestingFXZapperEA

SECTION5A

AccessingtheHistoryCentre

BeforeyoumakeaBacktestyouneedtoensureyouhavelatesthistorydatadownload.Open
MetaTrader4andpresstheF2buttonthiswillopentheHistoryCentreofyourbroker.

Youwillhavetoexplore(eachbrokerhasaslightlydifferentapproachtosetupofthehistory
centre)andfindtheEURUSDtabanddoubleclickit.
Doubleclickthe

whentheexpandedmenuappears.

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WhenithasbeenselectedclickonDownload.

WhenyouhaveclickedDownloadthefollowingwindowmayappear,clickonOKtoproceedwith
thedownloadingofthehistorydata.

MetaTrader4mayshowawindowthathasthefollowingquestion.Therearenonewdatafora
symbolEURUSD.Doyouwanttorecalculatealltimeframes?IfthiswindowappearsclickYes.
WearereadytobacktestFXZapperontheEURUSDonthe5minutetimeframe.
NotethatifyouwouldliketoseetheperformanceofbacktestingFXZapperonanyother
currencypairrepeattheaboveprocedureforexampleGBPUSDonthe5minutetimeframe.

SECTION5B

BacktestingFXZapper

OpenMetaTrader4andifthetesterwindow(usuallyatthebottomoftheMetaTrader4window)is
notopen,PressCTRL+Rtoviewit.

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Thetesterwindowlookslikethis:

SelectFXZapperV1.2fromtheExpertAdvisorpulldownmenu.
SelectEURUSDfromthepulldownmenuassociatedwiththeinputSymbol.
ModelselectionshouldbechangedtoEverytickifitisnotalreadyonthisinput.
PeriodshouldbechangedfromdefaulttoM5(5minutetimeframe).
Ticktheusedateboxandeitherinputthedatesdesiredorusethepulldownmenutoselectthe
desireddates.FromindicateswhenthetestwillstartandToindicateswhenthetestwillbe
stopped.
OnceyouhavethesevariablessetclickonExpertProperties.ClickontheTestingtab(themostleft
tab).

InthiswindowyoucanchangetheInitialDepositamountandcurrency.
PositionsLong&Shortshouldbekeptasis,thisisbecauseFXZappergoesbothLongandShort
whenittrades.
Optimisationsectiononthiswindowdoesnotaffectthebacktest.

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Onceyouhaveselectedthedepositamountandselectedthecurrencyyoudesire,clickontheInputs
tab(thecentretab).

ThisiswheretheinputsfortheperformanceofFXZapperareentered.Thepossibilitytoinvestigate
whetherornotyoupreferafixedlotsizeorpercentageriskcanbeinvestigatedusingtheback
testing.
Alltheinputsareexplainedinsection4.IfyouareusingaECNbroker,youwillneedtochange
ECN=truebeforethebacktest.
Also,youwillneedtochangeLotdigitsfrom1to2,ifyourbrokerhasmicrolot.
ClickingOKclosesthetestingwindow,toinitiatethebacktestclickonStartonthebottomleftof
thetesterwindow.Allowtheprogramtofinishthebacktesting;thismaytakesometime
dependingonthetimeperiodsspecifiedforthebacktest.

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Onceinitiatedthegreenbarwillprogressfromlefttoright.

Oncompletionofthebacktesttherewillbe5tabsinthetesterwindow.
SettingstheoriginalwindowwheretheinputswereenteredNotethegreenbarhasbecome
solid(fromlefttoright).

ResultsthistabshowstheresultofeachtradeopenedbyFXZapperofthetimeperiodspecifiedin
thesettingsbeforethebacktest.

Graphthistabshowsagraphicalrepresentationofthebalanceandequityoftheaccountoverthe
periodofthebacktesting.

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Reportthistabproducesareportprovidingadetailedsummaryoftrades

TosavethereportproduceddoarightclickanywhereonthiswindowandselectSaveasReportand
choosethedestinationyouwouldliketosavethefiletoforfuturereference.
JournalthistabdetailstheloadingoftheExpertAdvisorandorderdetails

NOTE: The backtest shown in this ebook has been done for illustrative purposes and does not
reflecttheperformanceofFXZapperonallbrokers.
OpeningtheInputstabandclickingonResetandOKwillbringFXZapperbacktothedefaultsettings
atanypoint.
IfwhenyouhavebeenalteringforexampleTakeProfitandStopLossvaluesandyouwouldliketo
savethemsimplyclickonSaveandchoosethefilelocation(defaultistesterfolder)andname(the
exampleisFXZapperV1.2modified).ToloadsettingsclickonLoadandchoosethesetfileyouhave
previouslysaved.

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IfwhenyouhavebeentestingandwouldprefertoloadthesettingsthatyouhaveoptimisedintoFX
Zapperthiscanbedonebycarryingoutthefollowingprocedure.

SECTION5C
ZapperEA

Loadingsavedsettings(frombacktesting)intoFX

Section4detailshowtoloadFXZapperintoachartandgetittrading.CarryoutSection4as
detailedandusetheadditionalproceduretoloadthesettingsthatyouhavesaved.
WhenFXZapperhasbeenattachedtothechartandisrunning,loadthesettingsyouhavesavedby
doingthefollowing.
ClickonthechartonthechartthathasFXZapperattachedtoitandpressF7.
ThiswillopenthefollowingInputsmenuforFXZapper.

ClickontheLoadbutton.
SourcethesetfilethatyousavedwhenthebacktestingwasperformedasaresultofSection5B.
Thedefaultfolderistester.

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Toaccessthedefaultfoldertesteryouwillneedtoexploretofindthefolder.Thefolderpresets
opensbydefault.UsingthepulldownmenuintheLookin:optionaccesstothefoldertesteris
possible.

SelectthefoldercontainingtheBrokernameandmentionsMetaTrader4/Trader4.Inthisexample
TadawulFX(TDFX)isthebrokername.

Scrolldownuntilyoufindthefoldertester,doubleclicktoopenthefolder.

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WhenopenyouwillneedtochangetheFilesoftype:toAllfiles(*.*).

WhenyouselectAllfiles,thesetwillappearnamedaswhichevernameyouchose.Inthisexample
thesetfilewascalledFXZapperV1.2.ClickonitonceandclickonOpenandthesettingssavedinthe
setfilewillbeloadedintoFXZapperEA.
ClickOKtoconfirmthesettings.
ActioncompletedthisishowtoloadsettingsthatyoucreatedfrombacktestingintoFXZapper
whileitisrunningonachart.

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6. Brokertimeoffsetting
WhytheBrokerGMTtimeoffsettingimportant.
AsyoumayappreciatetradingtheForeignExchangethrougharangeofBrokerscreatessomeissues
regardingthetimingoftradesdependingonwhichtimezonetheBrokerisoperatingfrom.
FXZapperEAhasaninbuildspecifiedtimefilterthatiseffectiveduetovolatilityofthemarketat
certaintimesoftheday.Toovercomethisissuethereisanoptiontocorrectfortimingbetweenthe
brokerandthetimefilterbuiltintoFXZapperEA.
OpenMetaTrader4andifFxZapperisattachedtoachartpressF7toopenFXZapperEAsettings
scrolldownuntilyouseetheInputsshownbelow.
Theoptionwearespecifyingishere:

ThisiswherewecorrectforthetimingoftradesmadebyFXZapper.
DependingontheBrokeryouareusingthecorrectionwillvary,belowarealistofwellknown
brokersandthevaluesthatshouldbeinputtedhere.

BrokerName
Alpari(UKandUS)
FXOpen
FXPro
FXCM
IBFX
Gain/Forex.com
FXDD
TadawulFX(TDFX)
MBTrading

summergmtshiftvalue
2
3
3
1
0
0
3
2
4

wintergmtshiftvalue
1
2
2
0
0
0
2
1
5

EnteringthesevaluesiscriticaltosuccessfuloperationofFXZapperEA.Onceyouhaveenteredthe
correctvaluesforyourbrokerclickOKtosavethechanges.

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7. TroubleshootingFXZapperEA
Problem:

MyMetaTradercrasheswhenIoperateFXZapperEA.

Solution:
YoureusinganoldversionofMetaTrader4.Updatingtoanewversionisdone
automatically:whenyouopenMetaTrader,andconnecttoanyaccount(demoorlive)itwillopena
LiveUpdatewindow.Youshouldallowtheliveupdatetorun.

Problem:

FXZapperEAisrunningbutnotradesarebeingopened.

Solution:
ItisnottypicalthatFXZapperwillopenatradeeveryday.FXZapperEAlooksfora
goodopportunitytoenterthemarket.Ifitdoesntspotagoodenoughopportunityitwonttrade.
Thegoalistotradeasprofitablyaspossible,notasoftenaspossible.Dependingonmarket
conditionstheremayevenbeseveraldayswithouttrading.
However,ifmorethanaweekhaspassedwithnotrade:
Verifythattherobotisindeedworking(smileyfaceintoprightcornerofthechart).
CheckJournaltabintheTerminalwindowofMetaTrader4forordersenderrors.

IfthereareordersenderrorspleaserefertoSection4Bonsetupoflotsizes(thisislikelytobethe
causefortheordersenderror.

Problem:

WhatshouldIdoifmycomputerrebootedorlostpower?

Solution:
OpenMetaTrader4againoncethecomputerisoperational.MakesurethatFX
ZapperEAisswitchedonandfunctional(checkforthesmileyface)anditwillcontinuetotradefrom
whereitleftoff.

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8. FrequentlyAskedQuestions

Doesmycomputerneedtobeworkingallthetime?
Yes,absolutely.ForFXZappertofunctionfullythreeconditionsmustbemet.Yourcomputeris
switchedon.MetaTradersoftwareisalwaysopen(withFXZapperloadedintoachart).Youhavea
constantconnectiontotheinternet.

WhatisanExpertAdvisor?
AnExpertAdvisoriscomputersoftwarethatswrittenintheMQ4language,itworksinMetaTrader
4tradingplatformandexecutestradesautomaticallyusingalgorithms.

WhatisMetaTrader4andwherecanIdownloadit?
MetaTrader4isafreetradingplatform.Youcandownloaditfromyourbrokerswebsite.

WhatbrokershouldIuse?
You can use any broker that offers the MetaTrader 4 platform. We use www.fxcbs.com
whichhaslowestspreadsandisECNsytle.
TurningtheExpertAdvisoronandoff
IfforanyreasonyouwouldliketoturnoffFXZapperEA,youcandosobyclickingtheExpert
AdvisorsbuttononthetoptoolbarinMetaTrader4.
Whilethisbuttonhasawhitebackground,itmeansthatExpertAdvisorsareactiveandabletoopen,
closeandmodifytrades.Theexamplesbelowshowsthebuttonswitchedoff(left)andon(right),
notethedifferences.

ShouldIuseademoorliveaccount?
YouareadvisedtooperateFXZapperforamonthonademoaccount,untilyouaresurethatitis
compatiblewithyourchosenbrokerandyouaresureaboutriskingrealmoney.

WhatsettingsshouldIuse?
FXZapperEAhasdefaultsettingshoweveritisuptoyoutheenduserhowmuchriskyouwouldlike
totake.Usingafixedlotsizehasthepotentialtobeareliablesourceofsteadyprofitwithout
massivejumpsinprofit/loss.However,usinga%riskaccountcanserveverywellasthegrowthcan
beexponentialinthelongrunasdemonstratedinourBackandForwardTesting.Thedownsideis
theriskinvolvedusingthe%riskapproachtomoneymanagement.

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WhatcurrencypairscanIuse?
WerecommendEURUSDpair.Howeverthisdoesnotmeanthatyoucannotbacktestandforward
test(usingademoaccount)ondifferentpairs.FXZapperhasalogicinbuiltthatcanbeappliedto
anycurrencypair.

HowmuchmoneydoIneedtostarttrading?
Dependingonyourbrokerthisdoesvaryquiteabit.Startingoutwithasmallamountofcapitalcan
disadvantageyouduetotherestrictionontradesizes.

Anythingelseyouarehavingproblemswith?
Pleaseemailusatadmin@fxzapper.comforassistance,operational24/5.
GoodluckandGoodtrading.

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