0% found this document useful (0 votes)
29 views

WallStreetGOLDTrader UserGuide

Uploaded by

shopion23
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
0% found this document useful (0 votes)
29 views

WallStreetGOLDTrader UserGuide

Uploaded by

shopion23
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/ 34

WallStreet GOLD Trader

User Guide

-1-
Contents:

- Getting Started -------------------------------------------------------------------3

- What you must know before using WallStreet GOLD Trader -------------------4

- The MetaTrader4 (MT4) Trading Platform ---------------------------------------5

- Installing WallStreet GOLD Trader ------------------------------------------------8

- Activating WallStreet GOLD Trader ----------------------------------------------13

- Starting and Configuring WallStreet GOLD Trader ------------------------------15

- WallStreet GOLD Trader Settings ------------------------------------------------18

- WallStreet GOLD Trader Brokers Spy Module ---------------------------------23

- Brokers Spy Module Settings -----------------------------------------------------26

- Advanced Time Management System Settings ----------------------------------27

- Risk Management Hints -----------------------------------------------------------28

- How to back-test WallStreet GOLD Trader ---------------------------------------29

- Email and Mobile Push Notifications ----------------------------------------------31

- All Forex Robots of FXautomater -------------------------------------------------33

- Terms of use and risk disclosure -------------------------------------------------34

-2-
GETTING STARTED

Do not EVER use two instances of the robot, or any


combination of robots with identical magic numbers on a
same account!!!

For a comprehensive information regarding the recommended, the


supported currency pairs and for the alternative settings, please visit
the “Settings” section in your members area.

If you decide to trade on more currency pairs at the same time, you may consider reducing the
risk for each pair (using AutoMM=1-2% for example).

Before installing WallStreet GOLD Trader on your computer and commencing trading on
a real account, please read this carefully: it may be crucial for your future profits.

Trading forex entails risk and each instance of negligence or inattention may
lead to significant loss!

1. We strongly recommend that you operate a demo account before trading


with real money. This will help you become familiar with the way WallStreet GOLD
Trader operates before you commit genuine funds to a real money account.

2. Please be exceptionally careful when determining trading volumes and setting


automatic risk management parameters!

3. If you suspect that WallStreet GOLD Trader might be operating incorrectly, please
halt operations and contact us immediately!

-3-
WHAT YOU MUST KNOW BEFORE USING
WallStreet GOLD Trader

▪ WallStreet GOLD Trader is compatible with all MetaTrader 4 brokers, as well as


with brokers using ECN-type order fulfilment. You do not need to change any
settings.

▪ WallStreet GOLD Trader automatically recognises whether your broker offers four
or five-digit quotes. You do not need to change any settings. You do not need to
multiply TakeProfit and StopLoss values by 10 if your broker offers five-digit quotes.

▪ We do not recommend that you launch and close your trading terminal too often.
Ideally, it should work without interruption from market opening on Monday to
closure on Friday.

▪ Maintaining a stable internet connection is of the essence to ensure reliable


WallStreet GOLD Trader operation.

▪ It is the spreads offered by your broker that chiefly determine how much profit you
can make by using WallStreet GOLD Trader.

▪ Be on the lookout for brokers who steal pips and who try to fulfil each order at a
price which is less favourable to you by 1 or 2 pips. This way, advertised 1 pip
narrow spreads can easily work out at 3 or 5 pips, thus reducing profits made by
WallStreet GOLD Trader. Be particularly cautious of new brokers who advertise
aggressively on the internet.

-4-
The MetaTrader4 (MT4) Trading Platform
WallStreet GOLD Trader operates within the MetaTrader4 trading platform. MT4 is a free
trading platform available through most forex brokers.

We cannot stress enough, how important is to choose a decent, reputable


FOREX broker with competitive spreads and good trading conditions. If you are
new to FOREX trading, make sure that you spend enough time in your own
research for that matter, before investing any real money in any FOREX broker!

Installing MetaTrader 4
Browse through this section if you are familiar with MT4 and already have a broker
account.

After completing installation, you will be asked to create a demo account. Fill in the
details and select the amount of the account deposit. Enable Agree to subscribe to your
newsletters, then click Next.

-5-
The program will ask you to select the trade server to which it should connect. Click
Next. In the next window, click Finish.

-6-
Your demo account is opened. Close MT4 so that you can install WallStreet GOLD Trader.

-7-
INSTALLING WallStreet GOLD Trader

We offer you two ways of installing our software:

Automatic installation using WallStreet GOLD Trader installer

Automatic installation is very convenient because you only need to download a single
file, start the installation process and follow the steps. Finally, the robot is automatically
installed in your terminal. Please read the instructions below to install WallStreet GOLD
Trader to your MT4 terminal:

❖ After logging into the member area with the username and password provided, go to
the download page. In download page, on the picture showed below, you have to
click on “DOWNLOAD” button in order to download automatic installation file. We
recommend you to save the file in convenient location on your computer.

❖ Go to the folder where you saved the file and double click on the file to start the
installation process.

❖ During installation, select the installation folder of your MetaTrader4 terminal. This
folder would usually have the name of your broker and would be found in
C:\Program Files.

Follow all the steps until you finish the installation.

-8-
-9-
Manual installation
In addition to automatic installation, we also offer manual installation. For this
purpose, we have created an archive that contains all the components and different
versions of our robot. Please read the instructions below to install manually
WallStreet GOLD Trader to your MT4 terminal:

1. After logging into the member area with the username and password provided, go to
the download page. In download page, on the picture showed below, you have to
click on “MANUAL INSTALLATION” button in order to download all the necessary files
for manual installation

2. We recommend you to save the file to a convenient location on your computer. Then,
go to the folder where you saved the file and extract (unzip) the archive you
downloaded. You will find these files in the archive after the download the
“WallStreet_GOLD_Trader_vX.X.ex4”, the “WALLSTREET_GOLD.dll” and the
“wsgold.bmp”.

3. Identify your "Application Data" folder.

First you need to locate your Application Data folder of the MT4. To do this, go to the
File menu in the MT4 platform and click on "Open Data Folder" (check out the image
below).

- 10 -
4. Place your robot files in the right location.

First thing to do is to open the MQL4 folder, which is in the "Application Data" folder
(which you already see). The next steps are very easy:

• Place the "WallStreet_GOLD_Trader_vX.X.ex4" file in the "Experts" folder


inside the "MQL4" folder.

• Place the "WALLSTREET_GOLD.dll" file in the "Libraries" folder inside the


"MQL4" folder.

• Place the “wsgold.bmp” file in the “Images” folder inside the "MQL4"

- 11 -
5. Run the WallStreet GOLD Trader.

After you have successfully placed the files in the correct folder, all you need to do is to
restart your MT4. If you have done everything correct, the EAs should appear in the
"Navigator" Tab of your MT4.

- 12 -
ACTIVATING WallStreet GOLD Trader
You should activate your copy of WallStreet GOLD Trader for your demo and real
accounts through our website. Login to our member zone and then find the account
activation page. Type your account number into the input field, select the type of
your account (demo or real), select WallStreet GOLD Trader from the list of available
forex robots and click Activate button. Repeat this procedure for each account.

Your WallStreet GOLD Trader licence is valid for an unlimited number of demo
accounts and for one real money account. The licence is not tied to one computer.
You are free to trade using your accounts on any computer at home, in the office, or
VPS.

As well, you have an option to remove an account that you do not use and activate a
new account on its place.

You should activate your demo or real account even if you wish to backtest
WallStreet GOLD Trader.

Your online authentication procedure may take some time. If you see an
“Online Authentication Problem!” alert, wait a couple of minutes and try
again. If the problem persists, contact us at
[email protected]

Here's how the activation form looks like:

- 13 -
You can see your currenly activated account numbers in the below table:

- 14 -
STARTING AND CONFIGURING
WallStreet GOLD Trader

After installing and activating WallStreet GOLD Trader, launch your MT4 terminal and
click Tools->Options.

At this stage, make certain that you have checked and unchecked all the boxes exactly
as shown below in order to ensure correct WallStreet GOLD Trader operation.

- 15 -
Now, open the graphs for the currency pairs you wish to trade, then select the 15-
minute graph, М15.

For a comprehensive information regarding the recommended, the supported currency pairs and
for the alternative settings, please visit the “Settings” section in your members area.

Select the 15-minute graph, М15.

Now you are ready to place WallStreet GOLD Trader on the chart. In the Navigator
window, double click Expert Advisors to expand it. You should now see all Expert
Advisors including WallStreet GOLD Trader. Now, you can right click WallStreet GOLD
Trader and select Attach to a Chart, or alternatively simply drag WallStreet GOLD Trader
onto the chart.

- 16 -
After placing WallStreet GOLD Trader on the chart, you should see a smiley face in
the upper right hand corner of your chart. This means the robot is running. If you
do not see a smiley face, make certain that under Properties on the menu bar, the Allow
Live Trading box is checked. If it is checked and you still do not see a smiley face, go to
Tools on the menu bar and select Options. A popup will appear. Select the Expert
Advisors Tab and check both the Enable Expert Advisors box and the Allow Live Trading
box.

You can enable or disable WallStreet GOLD Trader from the Expert Advisor button at
any time.

- 17 -
WallStreet GOLD Trader SETTINGS

We have used the proven trading principle of the original WallStreet FOREX Robot and
we’ve adapted it for trading GOLD (XAUUSD). The test results are very promising and we
believe that WallStreet GOLD Trader will provide consistent long-term profits.

Please, bear in mind that some brokers are offering very disadvantageous spreads in
XAUUSD, sometimes even higher than 20 cents. WallStreet GOLD Trader works best
with spreads lower than 4 cents, which is normal for most of the reputable ECN brokers.

We have performed 99.99% quality REAL tick tests with real spreads, which are
consistent with the “M1 open price only” back-tests, so you can use the “M1 open price
only” back-testing method with confidence.

The main WallStreet GOLD Trader settings are identical with the WallStreet Forex Robot
3.0 Domination settings, which are explained in this manual.

We do not recommend automatic risk settings greater than AutoMM=5, which is about
0.05 lots at $1000 account equity. Before using the automatic money management
function (AutoMM>0), please perform a backtest with your account balance and the
desired AutoMM value! This is important, because some brokers are using different lots
sizes for XAUUSD, which normally should be 100 000 ounces per lot. If you have any
questions, please do not hesitate to contact us!

You can edit WallStreet GOLD Trader settings by right clicking anywhere on the chart and
selecting Expert Advisors -> Properties.

WallStreet GOLD Trader automatically updates its settings from our web server.
This means that you can relax: your forex robot is always trimmed to
prevailing market conditions.

WinLargeFonts true/false: use "true" to adjust the robot information box display in
case you are using the Windows Large Fonts.

Magic: a unique identifier through which WallStreet GOLD Trader recognises and
manages its own positions. If you use other expert advisors on the same account,
please ensure that each of them has a distinct unique identifier.

EA_Comment: you can type here a comment, if you wish to mark the WallStreet GOLD
Trader trades.

MaxSpread: maximum allowed spread.

MaxSpreadExit: The parameter is used to control closing the trades and avoid closing
the trades when the current spread is greater than MaxSpreadExit. For example, if you

- 18 -
set MaxSpreadExit=20 the EA will close the trades only when spread is equal or lower
than 20 pips. This could be useful in the periods when there are high impact news
(events) and from 00:00 to 00:59 o'clock when the spreads could be higher than usual.
This parameter has value 0 (zero) by default which means it is disabled. If you want to
use it then you can set a value greater than 0 (zero).

Slippage: maximum allowed slippage.

StealthMode true/false: a mode which conceals stoploss and takeprofit levels in


program logic, making them invisible to brokers. If you use this mode, the stoploss and
takeprofit orders are not located in the trading server. In this case, if your trading
terminal is not connected, or the robot is not working, your orders would not be
protected. However, we are strongly encouraging using the StealthMode,
because in some cases the visible StopLoss levels could be attacked
tendentiously by algorithms that some unethical brokers could use.

EmergencyStopDist: this parameter ensures a second level of protection, when


StealthMode is used. At values greater than zero it activates a second level of true
(Emergency) StopLoss on a greater distance then the virtual hidden StopLoss is located.
In such case the value of the new emergency StopLoss will be the sum of the
EmergencyStopDist value plus the value of the hidden StopLoss.

As an example if StealthMode is used and the hidden “system” StopLoss is 60 pips and
the EmergencyStopDist is 100 pips, then the emergency StopLoss will be placed 160
pips away from the trade entry price. The only purpose of this is to protect you from
some extremely rare circumstances in which the market moves excessively and the EA
does not manage to close by a market order on the actual “hidden” StopLoss level.

CloseOnlyOnProfit true/false: when this mode is enabled, positions close to system


signals only, when they are in profit, or where stoploss may be reached. If
CloseOnlyOnProfit= false /default/, positions close to system logic even it is on a loss.

NFA true/false: use "true" if your broker is NFA regulated.

No_Hedge true/false: use "true" if you wish to cancel all hedge trades.

LongTrades true/false: enable/disable Long trades.

ShortTrades true/false: enable/disable Short trades.

RefreshDays: this value manages the real-time auto-update interval in days

PendingOrderDist: this value manages the new Pending (Stop/Limit) Orders


functionality:

- 19 -
- If the value is zero (default) the robot will use only market orders.
- If the value is greater than zero (a positive value) the robot will use “Limit” orders
with a distance from the market price equal to the PendingOrderDist value in
pips.
- If the value is lower than zero (a negative value) the robot will use “Stop” orders
with a distance from the market price equal to the PendingOrderDist value in
pips.

Generally, we recommend using market orders, but we’ve designed this functionality to provide
an additional flexibility to those our users, which would be interested to experiment. As an
example, if you notice that your broker executes the market orders with a great slippage, you can
try using Limit, or Stop orders. The Limit orders would help to open the trade on a most
favourable price, but you can miss some of the trades. We recommend this functionality only for
advanced traders, which are capable to make their own backtests and optimisations.

StopLimitExpire: this value (in minutes) manages the pending orders expiration in case
you are using the Pending Orders functionality.

StopLoss: distance to stoploss levels in standard (4 digits) pips.

TakeProfit: distance to takeprofit levels in standard (4 digits) pips.

SecureProfit: minimum profit to be guaranteed where the position’s current profit is


equal to the value of the SecureProfitTrigger parameter.

SecureProfitTrigger: the position’s current profit (in pips) which would guarantee
minimum profits equal to value of the SecureProfit parameter.

RecoveryMode true/false: when RecoveryMode is activated, an algorithm effectively


compensates current drawdown through smooth increases of trading volumes. This
mode is active only when AutoMM is greater than zero (AutoMM > 0). Before activating
RecoveryMode, please bear in mind that it can significantly increase risk to your account.
For this reason, RecoveryMode should be used at low values of the AutoMM parameter.

FixedLots: the extent of the fixed trading volume. If you use AutoMM>0, the value of
the FixedLots parameter does not matter.

AutoMM: automatic risk management activates at values greater than zero:


- Example 1: at AutoMM = 2, WallStreet GOLD Trader opens positions equal to 0.2 lots
(20,000) given account extent of 10,000. This places 2 percent of the account extent at
risk per individual transaction at a loss of 100 pips.
- Example 2: at AutoMM = 10, WallStreet GOLD Trader opens positions equal to 1 lot
(100,000) given account extent of 10,000. This places 10 percent of the account extent
at risk per individual transaction at a loss of 100 pips.

- 20 -
AutoMM_Max: the maximum permitted risk expressed as a percentage of the account
per individual transaction, calculated on the basis of a 100 pip loss.

MaxAccountTrades: using this parameter you could limit the number of


simultaneously opened trades in your account. The default value is zero, which means
that by default this option is disabled.

MaxAccountDD: the maximum allowed drawdown for the account in percent. The
option activates at values greater than zero. This option is based on the current
drawdown, which is the difference between the current account balance and equity.

MondayStartHour: The robot will start trading after this hour on Monday. If you want
to set any custom value it must be between 0 and 23. To completely disable trading on
Monday set MondayStartHour=24.

FridayExit true/false: if you wish to close all trades on Friday, you should use
FridayExit=true

LastTradeHour: the robot can trade until the end of this hour on Friday (including this
hour).

ExitHour: the robot will close all open positions at this hour on Friday.

If you decide to use the "FridayExit" option you should set "LastTradeHour" and
"ExitHour" several hours before the market closing of your broker on Friday.

Avoid_News true/false - if you wish to use the news filter function, you should set
Avoid_News=true

AutoGMT_Offset true/false – this parameter controls the GMT Offset calculation


method. In most of the cases, the automatic GMT value is correct. However, in some
cases, you may need to enter the GMT Offset by yourself. In this case, switch
AutoGMT_Offset to false and enter the value you need in the ManualGMT_Offset
parameter.

ManualGMT_Offset – in case you switch to AutoGMT_Offset=false, the value of this


parameter should be the right GMT Offset of your broker (usually, the winter GMT
offset). As well, in case you perform a backtest, you should enter here the correct GMT
Offset for the historical data you use – otherwise, the backtest will be incorrect.

DST_Usage true/false – activates the automatic DST (Daylight Saving Time)


correction.

Include_Medium_News true/false: if you also wish to avoid the medium impact


news, you should set Include_Medium_News=true

- 21 -
Wait_Before_News: the number of minutes before the news event, during which
trading will be switched off

Wait_After_News: the number of minutes after the news event, during which trading
will be switched off

Important: StopLoss and TakeProfit have default values of zero (0). When the default
value is selected, WallStreet GOLD Trader uses StopLoss and TakeProfit values
broadcast by our web server. If you wish to set your own StopLoss and TakeProfit values,
simply input values different to zero. In such a case, WallStreet GOLD Trader shall use
the StopLoss and TakeProfit values set by you.

- 22 -
WallStreet GOLD Trader
BROKER SPY MODULE
An insider look to the Broker behavior

The BROKER SPY MODULE compares the initial entry/exit price ordered from the robot,
with the actual broker execution price. The difference between the ordered price and
the broker execution price is the actual slippage.

If the broker is a correct one (and you are not trading news, spikes or other extreme scalping
techniques) the slippage could be either positive, or negative. In long term the average
slippage should be close to zero.

Unfortunately, some brokers are literally stealing from their clients with tendentious
negative slippage without any objective market reason. This is why we’ve developed the
BROKER SPY MODULE – to provide to our users this extremely important information -
an inside look to the broker’s behavior.

- 23 -
The BROKER SPY MODULE aggregates the whole important information of all trades
executed from the robot since it is started. All statistics is written on an external file, so
even if you restart the robot multiple times the statistics will not be lost.

If you change the magic number of the robot, the robot will create a new file and
the statistic will start from that moment. All statistics files from different magic number
initializations will be kept with the used magic number in the name of the file. If you
want to continue the statistics on some particular file you just need to initialize the
robot with the same magic number as is in the file name. The BROKER SPY MODULE
statistics files are located in the MT4 Data Folder->MQL 4->Files.

The BROKER SPY MODULE also provides important information about the average order
execution delay. The order execution delay could be initiated from the broker in low
liquidity conditions, or other objective reasons. Unfortunately in some cases some
brokers could use this tendentiously to steal their clients. In other cases the orders
delay could be caused by poor, or busy internet connection. However in all possible
scenarios this is a very important information to know. It could be considered as normal
if your order delay is below 1000 ms (1s) in normal market conditions, unless you do
not get a tendentiously negative slippage.

In addition the BROKER SPY MODULE provides statistics for the average spread for all
moments in which the robot initiate a trade signal.

Here is what exactly the BROKER SPY MODULE (BSM) statistics show:

The values in the brackets represent the extracted from the BSM history file data, from
all previews initializations of the robot. The values outside the brackets represent the
statistics since the last initialization of the robot.

First Trade – the date and time of the first trade from the statistics.

Last Trade – the date and time of the last trade from the statistics.

Total Errors – the total number of recorded errors for all type of orders

Stop/Limit Orders - the total number of successfully placed pending orders

Stop/Limit Deals - the total number of successfully activated pending orders

Market Trades - the total number of successfully executed market orders

Total Entry Slippage – the total slippage from all market and all activated pending
orders in standard 4 digit pips.

Average Slippage – the average slippage from all market and all activated pending
orders in standard 4 digit pips.

- 24 -
Average Speed – the average time delay for accepting of all type of orders in
milliseconds (ms)

Exit Signal Trades – the total number of successfully executed exit market orders

Total Exit Slippage - the total slippage from all exit market orders in standard 4 digit
pips.

Average Slippage – the average slippage from all exit market orders in standard 4
digit pips.

Average Speed - the average time delay for accepting of all exit market orders in
milliseconds (ms)

Average Spread – average spread for all trading signals generated from the robot in
standard 4 digit pips.

Last Signal Spread – the spread for the last trading signal generated from the robot

High Spread Count – the total number of cases in which the trade is canceled due to
high spread, considering the MaxSPREAD setting.

- 25 -
BROKER SPY MODULE
SETTINGS

BSM_Alerts true/false: use True, if you want to activate the Broker Spy Module alerts.

BSM_Alert_Open_Delay: the maximum allowed delay in milliseconds (ms) for


opening new trades, above which the BSM will display an alert.

BSM_Alert_Open_Slippage: the maximum allowed slippage (in standard 4 digit pips)


for opening new trades, above which the BSM will display an alert.

BSM_Alert_StopLimit_Delay: the maximum allowed delay in milliseconds (ms) for


accepting pending (Stop/Limit) orders, above which the BSM will display an alert.

BSM_Alert_StopLimit_Slippage: the maximum allowed slippage (in standard 4 digit


pips) for activating pending (Stop/Limit) orders, above which the BSM will display an
alert.

BSM_Alert_Close_Delay: the maximum allowed delay in milliseconds (ms) for closing


trades, above which the BSM will display an alert. .

BSM_Alert_Close_Slippage: the maximum allowed slippage (in standard 4 digit pips)


for closing trades, above which the BSM will display an alert.

- 26 -
Advanced Time Management System
SETTINGS
These settings have been specially developed to help traders avoid certain hour periods
during the trading week when the Forex market behaves more unpredictable.

MondayTrading true/false – enables trading on Monday.

MondayHoursForbidden – sets forbidden trading hours for Monday (applies only when
MondayTrading is enabled). You can set several values between 0 and 23 separated with
commas. For example, if you set MondayHoursForbidden=9,10,11 the EA will not trade
from 9:00 till 11:59. The hour values for this parameter are related to your broker’s
server time (the Market Watch)!

TuesdayTrading true/false – enables trading on Tuesday.

TuesdayHoursForbidden – same as MondayHoursForbidden with the difference that


you set forbidden hours for Tuesday.

WednesdayTrading true/false – enables trading on Wednesday.

WednesdayHoursForbidden – same as MondayHoursForbidden with the difference


that you set forbidden hours for Wednesday.

ThursdayTrading true/false – enables trading on Thursday.

ThursdayHoursForbidden – same as MondayHoursForbidden with the difference that


you set forbidden hours for Thursday.

FridayTrading true/false – enables trading on Friday.

FridayHoursForbidden – same as MondayHoursForbidden with the difference that you


set forbidden hours for Friday.

SaturdayTrading and SundayTrading true/false – enables trading during Saturday


and Sunday respectively. Due to big GMT offset, some brokers trade during weekends
and for that reason we added these parameters as well.

- 27 -
RISK MANAGEMENT HINTS

Risk management is of fundamental importance in attaining optimum forex trading


results. It pays to think carefully before deciding what percentage of your account to
expose to risk in each individual transaction.

If your account is significant in extent and importance and if you do not wish to take
unnecessary risk, then you should settle for AutoMM values between 1 and 5 percent
risk per individual transaction. In such case, you may expect a return on investment in
the order of 10 to 100 percent on an annual basis.

If your account is not significant in extent or importance, and if you can afford to
assume significant risk, then you may select AutoMM values between 10 and 20
percent per individual transaction. In such case, you may expect a return on investment
in the order of 200 and 1000 percent on an annual basis. Bear in mind, however, that
the level of risk assumed means that the chance of losing the entire account increases.

In reality, perhaps the most widely assumed risk per individual transaction is 5 percent
(AutoMM=5), and for a good reason. Assuming 5 percent risk and applying a good
trading strategy, your chances of steady long-term profit are significant, while the risk of
losing the entire account is minimised.

For example, if you have a USD 10,000 account, then:

- If AutoMM=0, the EA will trade with volume = parameter FixedLots (defaults


FixedLots=0.1)
- If AutoMM=2 (2 percent risk) the EA will open 0.2 lot positions (20,000)
- If AutoMM=5 (5 percent risk) the EA will open 0.5 lot positions (50,000)
- If AutoMM=10 (10 percent risk) the EA will open 1.0 lot positions (100,000)

- 28 -
HOW TO BACKTEST
WallStreet GOLD Trader

Please, do not forget to activate your demo, or real account, even if you only
wish to backtest WallStreet GOLD Trader!

If you wish to back-test WallStreet GOLD Trader, first you should download history from
the MetaTrader history center: click Tools -> History Center, or press the "F2" key of
the keyboard. In the list, find the currency pair that you wish to back-test and double
click to expand it. Click "1 Minute (M1)" and then click "Download". When the download
process is finished, double click on "5 Minutes (M5)” and "15 Minutes (M15)" to convert
the M1 data. Close the "History Center" window.

To open the "Strategy Tester" window click the "Strategy Tester" button of the
MetaTrader menu, or press "Ctrl+R" on the keyboard. In the "Strategy Tester" window
chose "WallStreet GOLD Trader", chose one of the supported currency pairs, chose M15
timeframe, chose the method "Every tick ...", as shown below. Click "Start" to start the
back-test.

- 29 -
The back-test by "Every tick" is the most precise, but it is very slow. If you wish to save
time you can run the back-test on M1 timeframe by "Open price only ..." method and
this will be correct too.

Important notice: If you make a back-test and at the same time you have WallStreet
GOLD Trader attached on the chart in live trading mode, this can overload your
MetaTrader4 terminal and can be a cause for a MataTrader 4 terminal crash. Do not
make back-tests on the same MataTrader 4 terminal, which you use for live trading!

We strongly recommend that you operate a demo account before trading with
real money. This will help you become familiar with the way WallStreet GOLD
Trader operates before you commit genuine funds to a real money account.

- 30 -
EMAIL AND MOBILE PUSH
NOTIFICATIONS

WallStreet GOLD Trader come with EMAIL and Mobile PUSH Notification
system

WallStreet GOLD Trader gives traders a bit of freedom with the new notification system.
Traders don’t have to sit in front of their computer all day monitoring their traders. In
spite of this freedom, traders like to know when a trading position has been opened or
closed out. Now WallStreet GOLD Trader will inform you about all actions performed in
your account. It easy to set-up your terminal to receive these notifications. The robots
can send email and push notifications to your mobile phone and inform you about all
the trades. By default, these options are disabled. In order to enable these options, you
have to set:

▪ EMAIL_Notification=true

▪ PUSH_Notification=true

To receive email messages, you have to configure the MT4 terminal properly too.
The configuration must be done in:

MT4 Menu -> Tools -> Options -> Email

Please check the next image:

- 31 -
To receive Mobile Push notifications, you have to enable Push Notifications and to
enter your mobile terminal MetaQuotes ID here:

MT4 Menu -> Tools -> Options -> Notifications

- 32 -
All Forex Robots of FXautomater
All of our forex robots are listed below. You can find many paid or free forex robots. All these
forex robots are developed by FXautomater. We develop different kind of expert advisors - fully
automated, hybrid systems, grid strategies, martingale strategies, scalpers, trending forex
robots and etc.. We have at least one forex robot which may suits your needs. If you cannot find
what you are looking for contact us and we may help you.

Visit https://www.fxautomater.com to check all our forex robots!

- 33 -
Terms of Use and Risk Disclosure

U.S. GOVERNMENT REQUIRED DISCLAIMER


FOREX trading has large potential rewards, but also large potential risk. You must be aware of
the risks and be willing to accept them in order to invest in the FOREX markets. Don’t trade with
money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell currencies,
futures or options. No representation is being made that any account will or is likely to achieve
profits or losses similar to those discussed on this web site.
The past performance of any trading system or methodology is not necessarily indicative of
future results.
Trading foreign exchange on margin carries a high level of risk and is not suitable for all
investors. The high degree of leverage can work against you. As with all investments, you should
not invest money that you cannot afford to lose. Before deciding to invest in foreign exchange,
you must carefully consider your investment objectives, level of experience, and risk appetite.
Additionally, you must be aware of all the risks associated with foreign exchange trading and
seek advice from an independent financial advisor. Past results are not necessarily indicative of
future success.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN


LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT
REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE
RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN
MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN
GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF
HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO
ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

By using WallStreet GOLD Trader, you acknowledge that you are familiar with these risks
and that you are solely responsible for the outcomes of your decisions. We accept no liability
whatsoever for any direct or consequential loss arising from the use of this product. It's to be
noted carefully in this respect, that past results are not necessarily indicative of future
performance.

Your purchase WallStreet GOLD Trader serves as your acknowledgement and representation
that you have read and understand these TERMS OF USE and that you agree to be bound by
such TERMS OF USE ("License Agreement").

Copyright Information

REPRODUCTION AND OR TRANSLATION OF ANY PART OF THIS WORK BY ANY MEANS


ELECTRONIC OR MECHANICAL INCLUDING PHOTOCOPYING BEYOND THAT PERMITTED BY
COPYRIGHT LAW WITHOUT THE PRIOR WRITTEN PERMISSION OF THE PUBLISHER IS
UNLAWFUL.

Copyright © 2021 – WallStreet GOLD Trader, www.wallstreet-forex.com - All Rights Reserved

Author: WallStreet Forex Robot Team


Website: www.wallstreet-forex.com

- 34 -

You might also like