forex envy

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Step #1 First we need you to install Forex Envy into the appropriate folders on your computer or VPS. Please find the local drive that you used to install your broker on. Step #2 Locate the correct file used to install your broker.

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Forex Envy user guide

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Page 1: Forex Envy

Step #1

First we need you to install Forex Envy into the appropriate folders on your computer or VPS. Please find the local drive that you used to install your broker on.

Step #2

Locate the correct file used to install your broker.

Page 2: Forex Envy

Step #3

Locate your broker’s folder in which you would like to install Forex Envy.

Page 3: Forex Envy

Step #4

Locate the Experts folder

Page 4: Forex Envy

Step #5

Copy and Paste Forex Envy’s EX4 file into the Experts folder, and then select the Libraries folder.

Page 5: Forex Envy

Step #6

Copy and Paste Forex Envy’s DLL file into the Libraries folder

Page 6: Forex Envy

Step #7

Restart your MT4 broker account, and login if necessary. Make sure your navigator tab is open and select the Experts folder.

Page 7: Forex Envy

Step #8

You should see Forex Envy in your Navigator under the Expert Advisors folder if you properly installed the ex4 and dll files.

Page 8: Forex Envy

Step #9

Open the following 30 minute charts in your MT4 platform in this order:

1. EUR/USD 2. GBP/USD 3. EUR/JPY 4. EUR/GBP 5. USD/CAD 6. AUD/USD 7. NZD/USD 8. USD/JPY 9. AUD/NZD

In total you should have nine (9) charts open.

In the package of set files you downloaded for your broker you will either have nine set files if you are starting with a demo account, or fourteen set files if you are starting with a live account. The set files will have names like:

Trading Point #1 EURUSD max-55 ($1,650-$2,200) -HV-.set

Page 9: Forex Envy

Whether you are opening a live or demo account you will only be using the set files for currencies #1-9. The set files for #10-15 are for advanced users that have been trading Forex Envy for at least a month and have at least a year’s experience trading currencies. You can learn more about the last 5 settings know as the “Short Cycle” settings in our Advanced User section. For now just ignore them and set up currency pairs #1-9.

Step #10

Drag Forex Envy onto the first currency pair (EUR/USD) 30 minute chart. The properties menu for Forex Envy will pop up. Make sure the Common section matches the image below.

Step #11

Click on the Inputs tab and you will see a lot of different variables and values you can change.

Page 10: Forex Envy

Step #12

Input your User code into the Value column. Your User name can be found in your Profile page. Then click “OK”

Page 11: Forex Envy

Step #13

Repeat the installation process for all nine currency pairs.

The first nine currencies to be installed are known as “Long Cycle” pairs. This just means they are likely to close positions on a weekly basis. These are recommended for all users and do not require any special judgment in order to operate.

The second five currencies pairs (11-15) starting with the EUR/USD (short cycle) are known as “Short Cycle” pairs. This is because they are likely to close positions on a daily or hourly basis. These settings are explained in detail in the Advanced Users section and are recommended for people with some experience using Forex Envy.

Once all nine pairs have been loaded you should be 100% up and running. Forex Envy trades very often so every currency pair should have opened at least one position by the time you finish installing the last set file. Make sure all open positions are for the base lot size (probably .01 or .1 lots) and that the leverage you selected (1:500) appears on the left hand corner of your screen.

Forex Envy is an active trader. If the market is sideways you will notice some hedged positions opening. This is 100% normal. Lot sizes will begin to differ as the market moves along and Forex Envy begins to form “baskets”. It is normal for Forex Envy to have a small amount of negative equity for the trades that are open. This amount is usually just a small percentage of your total balance. It is also entirely normal to have over thirty open positions at once, so don’t worry if your screen fills up with little trades. Your margin percentage should be VERY HIGH, probably above 50,000%. Your margin will fluctuate as baskets of trades are created and closed. As long as your margin is over 300% you have nothing to worry about. If you notice that your margin seems low, please contact support right away.

If Forex Envy is set up properly your balance should only increase as time goes on! We recommend withdrawing winnings into your Savings Account at the end of each week. Keep in mind that you need to keep your account balance inside the amount you selected for your set files. So if your set files say $1,200-$1,600 and at the end of the week your balance is $1,700 the MOST you should withdraw is $500 dollars ($1,700-$1,200=$500). If you do not withdraw your weekly earning and choose to let your account grow make sure to install new set files to match your balance. More on this can be found in the Advanced User section.

Opening your Saving Account

This is one of the most important steps in our trading strategy. Even though Forex Envy will not be controlling this account, this account serves a vital purpose in our

Page 12: Forex Envy

long term trading strategy. There are several reasons why it is better to have a Saving Account as oppose to just withdrawing your funds.

1. It is free and fast to transfer funds between trading accounts inside your broker, while withdraws usually have a fee.

2. When you do choose to withdraw funds, you will only be paying one withdraw fee, as oppose to one withdraw fee per Earnings Account.

3. Brokers are less likely to take away or reduce your bonus credit if you are transferring internally, as oppose to withdrawing funds from the broker.

4. If you have to withdraw funds every week you may be encouraged to skip weeks because of the fees and time necessary to initiate and confirm a withdraw. Internal transfers take less time and therefore will encourage you to follow our instructions and transfer funds on a regular basis.

5. It is likely that your savings account will help generate a small but compounding income stream through the use of low risk, low return EAs.

6. Having funds in your Savings Account is like having funds in a bank account. You are less likely to spend it and more likely to use it for its intended purpose. Investment.

7. If you need to open more Earnings Accounts or restart an existing Earnings Account the funds will be ready for use, saving your time and deposit fees.

8. It will give you a very clear picture of how much Forex Envy is earning for you. It is psychologically important for every trader to see their winnings grow!

9. The chance of a trader taking an excessive risk like putting all of their funds into Forex Envy and not withdrawing their winnings is increased due to the lack of structure.

10. Some brokers actually pay you a health interest in keeping your funds deposited with them.

Well, there are ten good reasons to have a Savings Account. Please follow are

instructions and start one