Scribd
Upload
87 views

Loading Instructions For 4h Trading System 2010 Version 5.2

This document provides instructions for installing and configuring the NB 4H trading system version 5.2 on an MT4 platform. The system was tested on IBFX and UK FXSol broker accounts. It explains how to place the system files into the correct folders in the MT4 platform, including templates, experts, indicators, and scripts. It notes that the EAs are designed to work with both 4 and 5 digit brokers. The document provides steps to open the MT4 folders and place the system files in the appropriate locations. It also provides instructions to modify the EAs if the broker uses a different lot size, such as dimes instead of pennies. Traders are advised to demo the system before using it with real

Uploaded by

springsnow
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
87 views

Loading Instructions For 4h Trading System 2010 Version 5.2

This document provides instructions for installing and configuring the NB 4H trading system version 5.2 on an MT4 platform. The system was tested on IBFX and UK FXSol broker accounts. It explains how to place the system files into the correct folders in the MT4 platform, including templates, experts, indicators, and scripts. It notes that the EAs are designed to work with both 4 and 5 digit brokers. The document provides steps to open the MT4 folders and place the system files in the appropriate locations. It also provides instructions to modify the EAs if the broker uses a different lot size, such as dimes instead of pennies. Traders are advised to demo the system before using it with real

Uploaded by

springsnow
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 3

INSTRUCTIONS FOR NB 4H TRADING SYSTEM Version 5.

2
To put these folders in their proper places please follow these instructions. Make sure you have an MT4
trading platform from the broker of your choice. This system was tested on a live IBFX account and UK
FXSol. With IBFX .01 lot equals one penny and FXSol .01 equals one dime. Though MT4 platforms are nearly
the same many brokers have them adjusted for their particular use. .01 with one company may mean a
penny per pip and another it could be a dime per pip. Some use 4 digits trading some use 5 digits. 5.2
version was meant to make the entire system work the same EAs. In other words the MPTMs, EAs, and
indicators are all designed to work with all the different variations. The same EAs should now work on both
4 digit and 5 digit brokers. None of the EAs have stop loss or take profit settings. This is so ECNs can use
them. You will have to input your own SL and TP settings or use the MPTM to put them in for you. I am a
multi-level trader so I don’t use them but you can use this system with traditional SL and TP settings. You
decide.

To get to the folders to place the different parts of this system into correctly follow these steps.
1. Click on my computer
2. Click on local disk C: or wherever your MT4 platform is located on your computer
3. Click on program files.
4. Click on the MT4 folder you are using, IBFX will say Interbank FX Trader.
5. When you open that folder you will see several folders, you will now put folders or programs inside
these folders.
a. Open ‘templates’ folder of MT4. From inside the ‘templates’ copy all the templates and then
paste them inside the MT4 templates folder. Close folder and go back.
b. Open the ‘experts’ folder of MT4. Paste the EAs inside the expert’s folder, this includes the
MPTM also. DO NOT CLOSE THE FOLDER.
c. See the folder called ‘indicators’. Open that MT4 folder and place inside the programs from
‘indicators’ close that folder and go back one folder.
d. You will see a folder called ‘scripts’ open that folder and put inside there the ‘close all’ script
from the ‘script’ folder.
e. You now have all the programs installed that you will need for this system. Close all folders
and windows and open MT4.
6. If your system is like IBFX and uses penny lots you are ready to go. If you want to use the dime EAs
or your broker uses .10 lots, you will have to change the EA sections
a. OK with MT4 open, go to the upper left corner and click on navigator. Navigator is the
button with the yellow folder and yellow star on it. It will open a box on the left side of your
screen. Should look like this. (next page)
b. Click on Expert advisors and it will look like this.

c. Right click on any of the EAs; click Modify and a separate window will appear. You can now
make changes in the code. In the top third of the code is where you want to make your
changes.

d. When you see a trade scenario you like, go to the Expert Advisors and choose the buy EA or
the sell EA you wish to use. When price hits the BB on the 4H chart the EA will then enter a
buy or a sell. After this point happens you can put the template without an EA on and then
manage your trade manually or you can leave the template on. Trades are only executed
around the outer BB I have tried my best to make sure everything is error free but if you ask
my wife you will find out that I am not perfect. Please demo this until you are comfortable
with the system.

Happy trading,

Nanningbob

Aug. 1, 2010

You might also like