Raingull© AutoTS
Forex Trading Tool
Raingull©
AutoTS EA Robot is another great tool for Forex
Semi-Automated Trading on MT4
platform. It helps traders save lots of precious time and close orders automatically. Many people have their own favorite Forex trading strategies,
signals, indicators, etc., but most of them always easily encounter a same
problem: after they used their methods opening some orders, they have to
stick in front of computers and watch the screens, waiting for the chances
to close opening orders to take profit (or stop loss). Forex market is so volatile and the
profit easily comes while you are taking a nap and has gone fast before you
wake up. Don't think there are TP (Take Profit), TS (Trailing Stop) and SL
(Stop Loss) functions on MT4, they just help you deal with one single
position and TP/TS/SL by pips only. What if you have opened a group of
orders, and/or want to TP or SL by percentage because of Money Management? MT4 can
not take profit (or stop loss) and close all orders automatically while the total profit/loss
hits your target. To monitor market and take profit (or stop loss), it can take us many
hours, or one whole long night, no sleeping, even several days without rest.
And we often can not do other things at the same time, such as... going to
washroom.
Now, we have an useful tool to handle all these tasks:
1. Watching Forex market and your positions 24/5, free you
from sleeplessness and frazzle;
2. Taking Profit automatically and never lose a chance,
even in a fast market;
3. Controlling trading cost, preventing big spread slippage in fast market, protecting your
profit;
4. Stop Loss automatically to prevent bigger loss;
5. Alerting, including low margin level, high spread cost, and target profit, etc.
Just set a proper target, Raingull©
AutoTS EA Robot will grab the profit (or stop loss) for you.
Installation:
1.
Download Raingull© AutoTS and save it into your MT4
fold\experts.
2. Drag "Raingull AutoTS" from
MT4 Platform>Navigator>Expert Advisors panel onto the chart you want to run it on.
This will result in a pop-up box that will allow you to enter any external variables
that may be needed on the "Inputs" tab. Before entering values, please check on "Allow live
trading" under the 'Common' tab. To enter values on the "Inputs" tab, please
double click the current value, enter or select the new value and then press the "Enter" on your
keyboard. Numeric values must be sensible, do not contain commas or symbols. Some
external variables can not be set as decimal fraction, they must be set as integers.
The "Save" button allows users to
save their preferred settings with a file name of their choice for future use. Users can then reset the EA
robot to
those values by loading that file, just click the "Load" button.
Click "OK" button to active the Raingull© AutoTS with your chosen settings.
There may be a delay of up to a few minutes caused by data feeding and
refreshing.
Click "Account History" tab on MT4 Terminal, right-click any where in this
tab, select "Custom Period" and "Last week", show recent history. Then click "Trade" tab to be
ready.
If everything was done right, there will be a tiny smiley face at the top right corner of the
chart (next to the name of the Raingull© AutoTS). Besides, the chart will also show a summary of your
position at the top left corner. Well done! This EA robot is now up and running and the Raingull©
AutoTS is
flying.
Then the EA robot remains active on the chart while it monitors your position,
exits with your profit target. Your
computer and MT4 software must be running for all of this to occur. If the EA is stopped, or
your computer is downed, or Internet connection fails for a while, then everything resumes again, the
Raingull© AutoTS can pick up where it left off and resume trading automatically.
If there is no little face but a "X" at the top right corner of the chart,
it means the EA robot is not active. Please click the "Expert Advisors" button on MT4 toolbars (turn
it from red to green) to active the EA robot.
NOTE:
If the little face is not smiling, (if it has a frown) it means you did not check the "Allow
live trading" check box when you attached it to the chart. To fix this simply click the little
face, or press F7 on computer keyboard, or right-click anywhere on the chart and select "Expert
Advisors" from the drop down menu and then "Properties". On the "Common" tab, click to allow live trading and click "OK" button.
Smile!
If your broker offers 5th decimal pricing, Spread_Cost value that are
expressed in points should be multiplied by 10 than four-decimal pricing system. For example, if you
are setting a Spread_Cost of 5 pips in
current four-decimal system, you would need to enter
50 into the five-decimal pricing system's Spread_Cost field.
Raingull© AutoTS is designed to help
traders close trades. It is not a fully automated EA robot. So it is a semi-automated
Close-Order-Only Tool, can not open trades, just deal with
taking profit and/or stopping loss, good for manually trading traders.
If your strategies or entry timing are good, and profit target is proper,
Raingull© AutoTS will never let you down. Be careful, when
you are trying to stop loss in a fast market, for example while a big news comes, the final loss
may be bigger than the target you set in the EA. It is not the robot's problem, it is caused by
server is busy, slippage, etc.
By all means, users MUST forward test this EA carefully and thoroughly on a
DEMO account before using it in a live account. If you can not handle and control this EA robot
masterly and confidently in your certain broker's demo account yet, DO NOT rush headlong into
live trading!
SETTINGS:
Password (no need for Demo EA): Paste the
password provided individually for your account. Replace it with a new one each payment period.
The encoded Password contains account number, name, and expiry date, etc..
All_Symbol: If it is "true", the Raingull©
AutoTS will control all orders by all symbols. If it is set as "false", the EA robot will deal
with those orders by the certain symbol only, as which chart you put the Raingull© AutoTS on.
For example, let's say we have 3 opening orders: EUR/JPY, GBP/USD and AUD/NZD. When
All_Symbol is "true", the Raingull© AutoTS
will close all these 3 orders while the total target profit (account profit) is hit, no matter
the EA robot is put on which chart. When
All_Symbol is "false", if the EA robot is put
on GBP/USD's chart, it will focus at GBP/USD only. while GBP/USD hits target profit, the EA
robot takes this symbol's profit and ignores other symbols' profits or losses.
AlertProfit_Level:
Percentage of opening profit to alert, up to 2 decimal places. For example, if this
level is set at 1.5, When profit reaches 1.5% of your account balance while you start the
Raingull© AutoTS, the EA robot will alert and send a message, giving you some time in advance to
prepare taking profit. If AlertProfit_Level=0, the
function will be disable.
AlertProfit_$: Target
dollar profit to alert. When the profit on your position reaches this amount (up to 2 decimal
places), let's say 99.99 dollars, the EA robot will alert and send a message, even wake you up
in dreams if you turn on your mobile phone. If AlertProfit_$=0, the
function will be disable.
TakeProfit_Level:
Percentage of opening profit to take, up to 2 decimal places. When you set
TakeProfit_Level>0, the EA
will take the quicker of this or TakeProfit_$,
and activate the Trailing Stop by percentage (see below). If
TakeProfit_Level is set to 0 then no profit
will be taken by target percentage.
TakeProfit_$: Target
dollar profit to take. When the profit on your position reaches this amount (up to 2 decimal
places), the EA robot will activate the Trailing Stop by percentage (see below). If
TakeProfit_$ is set to 0 then no profit
will be taken by target dollar.
TrailingStop_Level: Allow users' exit profit
to fall by this percentage (up to 2 decimal places) before exiting. If users set
TrailingStop_Level>0, it will be triggered
while target profit has been reached. The
Raingull© AutoTS will follow the market up and not exit until it falls by this percentage from the
peak. The position will be closed and the trailing profit will be locked while it falls back
more than, for example, 15% or 30%. If the parameter is set to 0 then no trailing stop will be
used by percentage.
StableSeconds: In fast market, this will help
users avoiding being shaken off by false signals. For example, if set it to 5 (integer only), it
means the Raingull© AutoTS will wait for the fast market calming down to a stable situation at
least 5 seconds before a closing order is sent. 0 will turn this function off.
Delete_Pending: Set it to
"true" if user needs this EA Robot closing and deleting all orders including pending orders,
when target is hit. And it is affected by
All_Symbol. If user does not want the EA to
process pending orders, set it as "false".
AlertLoss_Level: Negative
percentage of open loss to alert, up to 2 decimal places. For example, if this
level is set at -1.5, When loss reaches -1.5% of your account balance while you start the
Raingull© AutoTS, the EA robot will alert and send a message, giving you some time in advance to
prepare next move. If AlertLoss_Level=0, the
function will be disable.
AlertLoss_$: Target
dollar loss to alert. When the loss on your position reaches this amount (negative, up to 2 decimal
places), let's say -99.99 dollars, the EA robot will alert and send a message, even wake you up
in dreams if you turn on your mobile phone. If AlertLoss_$=0, the
function will be disable.
StopLoss_Level: Negative percentage of open
loss to stop, up to 2 decimal places. The EA will take the quicker of this or
StopLoss_$ (see below). For example, if this
level is set at -1.5, When loss reaches -1.5% of your account balance while you start the
Raingull© AutoTS, the EA robot will close all relative orders at once. If StopLoss_Level is set to 0 then no
loss
will be stopped by target percentage.
StopLoss_$: Target
dollar loss to stop. When the loss on your position reaches this amount (negative, up to 2 decimal
places), let's say -99.99 dollars, the EA robot will close all relative orders at once. If
StopLoss_$ is set to 0 then no loss
will be stopped by target dollar.
Cost_Control: "true" will help you
control the orders' closing cost in fast market. "false" will allow the EA closing orders
immediately. When
All_Symbol is set at "true", Cost_Control
will be disabled automatically and all orders will be closed immediately at
market prices, because every symbol has different spread
cost.
Spread_Cost: If
Cost_Control
has been set to "true", the Raingull© AutoTS will not close orders while the spread
is wider than what you set here. For example, set 3 (integer only) pips for EUR/USD. While the
fast market comes, the spread of EUR/USD could go wild as high as 5 pips, the EA will wait for the spread calming down to 3 pips or less before closing a buy
or sell order.
Expiration_Hour: You can
close all orders (if All_Symbol is set
at "false", close all orders by the chosen symbol only) at a certain hour. For example, when
this parameter is set as 21 (integer only), the EA will close all orders at 21 o'clock, no
matter they are winning or losing. If you want to disable
Expiration_Hour, just set it as any
integer bigger than 23.
CallingMinutes:
The Raingull© AutoTS can send users a summary or alert by E-mail. For example, if
you set CallingMinutes to 100 (integer
only), the EA will send you a summary once every 100 minutes. On MT4, you can enable the
notification E-mail function in menu: Tools>Options>Email tab. You even can input your cell
phone E-mail address in that tab then you will receive the summary or other alerts by text
messages on your mobile phone. Set it to 0 will turn E-mail notices off.
AlertTimes: Alert is
helpful but if it is sent again and again, that is sort of annoying. Meantime, E-mail or cell
phone services could miss some messages. So we can set this to 2 (integer only), the EA will
send us each alert message twice, for assuring the message is not missed and not too annoying.
MarginAlertLevel: For avoiding the "Margin
Call", users can set an alert. For example, your broker's Margin Call level is 100%, set 200.50
(up to 2 decimal places) or other comfortable level for you in here, while the "margin level" drops to or lower than 200.50%
(or other safe level you set), the
EA will send an E-mail to warn you that perhaps you need to think about adding some funds before
the "Margin Call". Set it to 0 to disable this function.
Setting may be changed during a trade and they will be applied while it is
next appropriate. To modify settings, just click the little face, or press F7 on computer
keyboard, or right-click anywhere on the chart and select "Expert Advisors" from the drop down
menu and then "Properties" to get to the current properties. After finishing modifying, click
"OK" button.
To stop the EA, simply click the the "Expert Advisors" button (from green to
red) on toolbars. To resume, click the the "Expert Advisors" button from red to green. If you
wish to manually exit a trade, please right-click the chart, select "Expert Advisors" and
"Remove". Open trades can be closed by hand.
If you wish to remove this EA, please right-click the chart, select
"Expert Advisors" and "Remove".
Raingull© AutoTS EA Robot Demo
Free trial is welcome, you have 15 days to test
Raingull© AutoTS in
multiple demo accounts on MT4 platform.
TERMS OF USE:
Software provided by RainGull.Com is copyright (Canadian Intellectual
Property Office Registration No. 1049840) and all global rights are
reserved. The software is provided "as is" and not warranty is expressed or
implied. Use entirely at your own risk. |
