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Q1:
What's the difference compared to the professional version
and free version?
A1: The software has Free Edition and Professional
Edition in two versions,Upgrade to Professional Edition, you
will get a faster signal, more professional features and services.
Professional Edition has the following two points different
from the free version of:
1, Professional Edition offers the EA system for MT4 platform, to provide a
real computer "automatic" transaction capabilities. Although the free version
also offers automated trading function, but it is not suitable for short-term trading, and this is just as a demo.
2,Professional Edition provides faster signal update rate
To fit the EA system's rapid short-term trading.
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Q2:How to use
the "Forex Signal Lamp" free version for your trading?
A2:
1,This system consists of 16 signal lamps, 8 green lights
that long signal,8 red lights that signal short, white means
no signal.
2,The more bright Lamp, said the signal is stronger, 8 represents
the signal lamp all bright is maximum (The Maximum value can
be changed in the "Advanced settings" ).
3,In accordance with this trading system trading, You can
follow the number of Lamp to Progressively Opening, and can
Progressively closeing when nuber of signal lamp is Reduction.
Of course, you can also use a single number of signal lamp
as a trading signal to trading.
4,If you refer to high-intensity signal to the transaction,The
trading opportunities will be relatively small, but the success
rate is relatively high,If you refer to low-intensity signal
trading, then the contrary. We recommended the adoption of
level-Opening of the methods to control risk, if you are a
professional traders .
5, you can set the region to set your alarm in the alarm
settings, so that the system will be in the signal to reach
the specified value is to give your alarm.(for v1.2)
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Q3: How to Use
Forex Signal Lamp Professional Edition for automated trading?
A3: Instructions for use about EA system
for MT4 platform(EA-expert advisors, that the automated trading
systems):
Installation steps:
1, in the "Advanced Settings" tab, select the MT4
installation directory (note: that your computer was already
installed MT4 software), The software will automatically install
the EA to your MT4's "expert advisors" directory.
(note: MT4 - MetaTrader 4, it is a currently very popular
in foreign exchange trading platform)
2,Directories are the right choice, and click on "Call
MT4" button, the software will call to start MT4 platform.
3,MT4 's "expert advisors" would be more in a place
called "Forex_Signal_Lamp" of the EA, Add this EA
to the UERUSD chart ( How to use MT4 automated trading functionality,
please read the MT4's instructions).
4, now, EA started automated trading, and note that if you
are not familiar with this system, or may not be very assured
that you can first trade at demo accounts or small live accounts
in order to observe the effect of the EA system.
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Q4: How to set
the parameters of EA?
A4: Under normal circumstances, use the default
parameter for EA, the following parameters of the EA specific
instructions(note, Only valid for the Professional version):
magic =300000: This parameter is EA's uniquely
ID in an MT4 platform , then you no need to consider setting
up and modify this value if ,there is no time to run multiple
EA in your MT4 system.
LimitedFunds =0: Specified limited funds,
"0" means not limited, that is, use the account
for all funds, and such as "5000" for 5,000 U.S.
dollars.
MaximumRisk = 0.1: The value of the biggest
risks that may exist, please do not set a value greater than
1, because it is very risky.
LevelNum = 16: Level number of Progressively
Opening, the LeveNum more means more frequent and more small
lots trading (Note that, when the position is less than the
smallest lots of your account , the system will be unable
to trading ) . For this parameter, the basic principle is
that the current liquidity of symbol better, more appropriate
to set a larger value, Liquidity is weak, then the contrary.(Note: Free version do not
set this parameter is greater than 32, because the signal
update is not enough fast.)
The calculation of the current lots is: lots = LimitedFunds
* MaximumRisk / LevelNum, Please do not make this value smaller
than the smallest lots of your account. We recommend that, 16 for EUR / USD, 8 for the other symbol, to free version.
OnlyClose =false: Only close orders, stop
to open orders, You can set it to true if you plan to end
the current EA to trading , It will close the remaining orders
in an appropriate time.
LP=1 : Stop-loss and take-profit size,
The system built with intelligent stop-loss and take-profit
strategy, Stop-loss by instructions,So, stop-loss price here
is just to control risk in your computer and network fails.
The default is 1, is a standard stop-loss price, if the 1.1
is a standard 1.1-fold, you can set up bigger if you make
sure your computer and network less likely to fail.
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