forex shocker

Installation Manual for

Forex Shocker 3.0 LAST UPDATED: May 22, 2011

Copyright Information

NO PART OF THIS PUBLICATION MAY BE REPRODUCED, STORED IN A RETRIEVAL SYSTEM, OR TRANSMITTED IN ANY FORM OR BY ANY MEANS – INCLUDING ELECTRONIC, MECHANICAL, PHOTOCOPY, RECORDING, SCANNING OR OTHERWISE (BEYOND THAT PERMITTED BY COPYRIGHT LAW) – WITHOUT THE PRIOR WRITTEN PERMISSION OF FOREX DEVELOPERS, LLC. Copyright © 2011 FOREX Developers, LLC, All Rights Reserved Website: http://www.forexshocker.com

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Disclaimer and Risk Disclosure Statement

Trading any financial market involves risk. This e-book, software (MetaTrader expert advisor), the website www.forexshocker.com and its contents are neither a solicitation nor an offer to buy or sell any financial instrument. The contents of this e-book and software are for general informational purposes only (“contents” also includes, but is not limited to, the website www.forexshocker.com and any e-mail correspondence related to or connected to the aforementioned website).

Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to accuracy. We do not accept any liability for error(s) and/or omission(s). Examples are provided for illustrative and educational purposes only and should not be construed as investment advice or strategy. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this e-book, or the website www.forexshocker.com. Past performance is not indicative of future results.

By purchasing Forex Shocker, or using its website, you shall be deemed to have accepted these terms in full. By purchasing Forex Shocker, you have also expressly accepted, and agreed to, the Terms and Conditions set forth on www.forexshocker.com. FOREX Developers, LLC, the website, this e-book, the software and their representatives and associates do not and cannot give investment advice. We endeavor to ensure that the website is available 24 hours per day but we cannot be held liable if, for any reason, the site is unavailable.

The information provided in this e-book and software is not intended for distribution to, or for use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

Hypothetical performance results have many inherent limitations, some of which are mentioned below. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently

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achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

For example: the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect trading results. There are numerous other factors related to the market in general and to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, all of which can adversely affect actual trading results.

We reserve the right to change these terms and conditions without notice. You should check for updates to this disclaimer, which may be made at any time without notification.

The content of this e-book, www.forexshocker.com, and all related websites and correspondence are copyrighted and may not be copied or reproduced.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Options and Currency 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 futures, options and currency markets. Do not trade with money you cannot 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 website. The past performance of any trading system or methodology is not necessarily indicative of future results. 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

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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.

Getting Started with MetaTrader 4

CONGRATULATIONS ON YOUR PURCHASE OF FOREX SHOCKER 3.0!

Introduction

The Forex Shocker expert advisor runs only on the MetaTrader 4 trading platform. This platform is very popular among traders, and is available for free from a wide variety of Forex brokers.

If you do not already have MetaTrader 4 installed on your computer, you can download a free practice (or “demo”) account from most Forex brokers who offer MetaTrader 4.

We highly recommend that you install and operate Forex Shocker on a practice account first. Even if you already have a live (or “real”) MetaTrader 4 account, you should initially test it on a practice account. We emphasize that all users should operate Forex Shocker on a practice account for a minimum of two (2) months in order to familiarize yourselves with the manner in which Forex Shocker trades and performs. After that period of time, if you are fully satisfied with Forex Shocker’s performance and comfortable with how it trades, you may install and run it on a live account.

If you do not have a live account, you can open a MetaTrader 4 account at any number of Forex brokers. While we do not recommend any particular broker, your best chances of success will be with legitimate, regulated ECN and/or STP brokers with low spreads. We would strongly suggest you stay away from dealing desk, market maker brokers (those brokers who generally have a conflict of interest and "win when you lose"). We are not affiliated with any broker and do not recommend any specific broker.

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MetaTrader 4 Installation

After downloading MetaTrader 4 from your chosen Forex broker, you should see an “mt4setup” icon (the name of your icon may differ) on your Windows platform desktop, which should look similar to this:

Double-click on this icon and you will then see a screen like this:

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This asks you to confirm that you trust the source of this file. This is just a Windows security feature. Click on the “Run” button to start the MetaTrader 4 installation process.

You will next see a screen like this:

Highlight the language you would like your MetaTrader platform to use, and the click the “Next>” button. The next screen will resemble this one:

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As the screen states, close all running Windows programs and then click on the “Next>” button to continue. You will then be brought to a screen like containing the End User License Agreement:

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If you agree, check the box to the left of where it says “Yes, I agree with all the terms of this license agreement”. When you do this, the “Next>” button will become activated, and you will be able to click on it. Doing this, will bring you to:

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Please take note of the installation folder (where you are installing MetaTrader into). In this case above, our MetaTrader is being installed in “Program Files”, which is located on drive C. You will later need to know the location of MetaTrader in order to properly install Forex Shocker. Then, click on the “Next>” button.

You will arrive at another screen which shows you the program groups. Click on the “Next>” button again. This will bring you to another screen which will tell you that you’re “now ready to install MetaTrader”. Again, click on the “Next>” button.

MetaTrader will then go through the process of installation on your computer. After this is completed, you will see a “successfully installed” screen similar to this one:

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Click on the “Finish” button and your MetaTrader platform will launch (if the “Launch MetaTrader 4” box is not unchecked by you).

When MetaTrader initially launches, you will need to fill in the information requested in the screen below in order to create your practice (or “demo”) account:

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Fill in your personal details in the appropriate fields. You will have the option of selecting the amount of leverage you would like to use for your practice account, and the practice “deposit” amount. After you are done, then be sure to check the box next to “I agree to subscribe to your newsletters”. If you do not do this, the “Next>” button will not be activated. After clicking the “Next>” button, your screen will look like this:

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Click the “Next>” button. (If there is more than one server listed, highlight the “Demo” one and click “Next>” button.) You’re almost done now. MetaTrader will login to the server and create a Login number and Password, as shown in the screen below:

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To complete the process, click on the “Finish” button.

You now have a MetaTrader 4 practice account set up on your computer!

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Installing Forex Shocker 3.0

After purchasing Forex Shocker, you should have received (1) this Manual and (2) the expert advisor file called “Forex Shocker 3.0.ex4” (or any updated version).

After providing us with your MetaTrader Real and/or Practice (“Demo”) account numbers, you will receive a supporting file called “shocker3.dll” (or any updated version).

We will also send you your Verification Codes. Your Forex Shocker has been implemented with a Verification Code generated from your account numbers and it will only run on the accounts you specified.

If you have not yet obtained your Verification Codes, you can e-mail us at [email protected].

VERY IMPORTANT: Forex Shocker will run on ONLY ONE (1) LIVE ACCOUNT and FIVE (5) DEMO ACCOUNTS specified by you.

1. You should have two Forex Shocker files downloaded onto your computer. They look like this:

Note that one file has the “ex4” extension, while the other has a “dll” extension.

2. If your MetaTrader 4 platform is running, close it.

3. Locate where your MetaTrader 4 program file is on your computer. Unless you made a change during the installation process, you will find it in your Program Files located on drive C. The name of your folder varies but you should see a file containing your MetaTrader 4.

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4. Double-click on your MetaTrader file folder and you will see

something like this:

5. Next, double-click on the “experts” file folder (shown by the arrow above). When you do this, you will then be inside the “experts” file folder and this will lead you to the next step:

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6. Drag-and-drop your “Forex Shocker 3.0.ex4” file into your “experts” folder. After you have done this, your experts folder should show your “Forex Shocker 3.0.ex4” file in a manner similar to this:

7. Next, double-click on the “libraries” file folder (located within the “experts” file folder) so that you will see a screen similar to this one:

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8. Now, just drag-and-drop the “shocker3.dll” into your “libraries” file folder.

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Using Forex Shocker 3.0

1. After you’ve gone through the steps described above, re-start your MetaTrader 4 platform.

2. Click on the “Tools” menu and then select “Options”, as shown in this example:

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3. After selecting “Options”, you’ll see this under the “Expert Advisors” tab:

4. BE SURE to that you have checked and unchecked the boxes EXACTLY as shown above. Forex Shocker will not run if this step is not performed properly.

Note that the box to the left of “Enable Expert Advisors (except for Custom Indicators and Scripts” MUST be checked.

Note that the box to the left of “Allow live trading” MUST be checked.

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Note that the box to the left of “Allow DLL imports” MUST be checked.

Note that the box to the left of “Confirm DLL function calls” MUST be un-checked.

If you fail to check “Allow DLL imports” and/or un-check “Confirm DLL function calls”, you will see an Alert box pop-up like this:

5. Forex Shocker can operate on the EURUSD, USDCHF, USDCAD, and GBPUSD currency pairs.

BEST PAIRS TO USE: Through our extensive backtesting, forward-testing, and use on real accounts, we have seen better results on the EURUSD and USDCHF pairs than USDCAD and GBPUSD.

Further, EURUSD usually performs better than USDCHF due to its generally lower spreads. Thus, if you choose to use only one pair to reduce your risk, we would suggest EURUSD.

On our real accounts, we use only the EURUSD and USDCHF pairs.

You may choose to use Forex Shocker on USDCAD and/or GBPUSD but, again, be aware that based on our constant and

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exhaustive testing on both real and demo accounts, we expect better results on EURUSD and USDCHF.

Set the time frame to M15 on the chart by clicking on the M15 button.

Be sure that the “Expert Advisors” tab near the top is “clicked on” (the small circle to the left of the words “Expert Advisors” will turn from red to green).

If done correctly, your MetaTrader platform will look just like the image shown below (pay special attention to the settings that the red arrows are pointing at):

Now, look over to the left-hand side, where you see the “Navigator” section. Look in the Navigator pane and click on the [+] to the left of “Expert Advisors”, and you’ll see an icon for Forex Shocker:

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You will notice that the Forex Shocker 3.0 icon is a shaded gray, while the other icons are colored. This is normal and is simply due to Forex Shocker 3.0 being a closed source code product.

6. Now, drag-and-drop the Forex Shocker 3.0 icon onto the chart you wish to run it on.

Note: If you inadvertently attempt to use a different time frame other than M15, you will receive a warning alert like this:

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7. After dragging and dropping the Forex Shocker icon onto the chart, a “Properties” dialog window will open up. This dialog has two tabs: “Common” and “Inputs”.

a. Common Tab

Be sure that your Common tab is checked off exactly as shown:

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Double-check and triple-check to make sure your settings are exactly as depicted above.

If you do not your settings as shown, you will receive an Alert box pop-up like this:

If you have properly set up Forex Shocker to run on MetaTrader, you will see a “Smiley Face” in the upper right corner of your chart (immediately to the right of the words “Forex Shocker 3.0”):

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If you see a “Frowning Face” instead of the Smiley Face, Forex Shocker is not properly set up. You should check your settings again and carefully make sure you have followed the instructions above.

A WORD ABOUT BROKERS: While we do not recommend any particular broker, your best chances of success will be with legitimate, regulated ECN and/or STP brokers with tight spreads. Forex Shocker is a “scalper” so it is very important to use it on a broker with the tightest possible spreads. We would strongly suggest you stay away from dealing desk, market maker brokers (those brokers who generally have a conflict of interest and "win when you lose"), especially those who still use 4 digit prices (non-fractional pip pricing).

b. Inputs Tab

Once you have done all of the above steps, move on to the “Inputs” tab, which looks like this:

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You will only be making changes to the right-hand side of this Inputs tab (in the “Value” column). To change the “value” of a setting, you will need to double-click on the entry in the Value column. For instance, if you’re changing the MoneyManagement variable, double-click on the word “false” and you will activate a drop-down menu containing the word “true”. If you desire to set MoneyManagement to “true”, just select that option.

The following describes the each input variable:

1. VerificationCode: This is the code you received from Forex Shocker. Double-click on the blank space, as explained above. You will activate that entry line and it will look like this:

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Now, “copy and paste” (or type in) your Verification Code you received.

The Verification Code is to ensure that you are an authorized user of Forex Shocker.

You will notice that the information screen displayed in the upper left corner of your chart will state “Authenticated” if you enter the correct Verification Code:

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If an incorrect Verification Code (or no Verification Code) is entered, you will see a notice stating: “NOT AUTHENTICATED”:

If Forex Shocker is not authenticated, it will fail to operate.

2. MoneyManagement: Set this to “true” if you would like Forex Shocker to determine the lot size per trade based on your available free margin balance. Then, you may select one of seven money management levels. Be sure to select only one of these levels:

"Conservative": 0.01 lots for every $1000 in free margin balance (and MaxTrades = 1 automatically)

“Moderately Conservative": 0.02 lots for every $1000 in free margin balance (and MaxTrades = 1 automatically)

"Moderate": 0.03 lots for every $1000 in free margin balance (and MaxTrades = 1 automatically)

"Moderately Aggressive": 0.05 lots for every $1000 in free margin balance (and MaxTrades = 1 automatically)

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"Aggressive": 0.1 lots for every $1000 in free margin balance (MaxTrades = 1 automatically)

"Very Aggressive": 0.1 lots for every $1000 in free margin balance (MaxTrades = 2 automatically)

"Super Aggressive": 0.2 for every $1000 in free margin balance lot for every $1000 in equity (MaxTrades = 2 automatically)

It’s important to note that if you are running Forex Shocker on multiple charts on a single platform and there is/are floating trade(s), any subsequent trades will have reduced lot sizes since your free margin balance will now be lower due to the open trades.

WARNING: Do not set “MoneyManagement” to “true” unless you have used this setting on a practice/demo account and are familiar with how it operates. You must be fully comfortable with, and completely understand, how many lots per available free margin balance Forex Shocker will trade if you set this variable to “true”.

The next section of the Input tab looks like this:

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3. Lots: This is used if the “MoneyManagement” feature is set to “false” (which is the default setting). So, if you are not using the “MoneyManagement” feature, then based on sound money management principles that you have decided is best for you and your situation, decide how many lots you would like Forex Shocker to trade. For instance, if you would like Forex Shocker to trade 0.2 lots, then enter it here.

Be aware that depending on your “MaxTrades” setting, Forex Shocker may open more than one trade on the same currency pair with the lot size you specified here. For example, if you entered 0.2 lots, and your “MaxTrades” is set at 2, you may see (depending on the circumstances) up to two open trades using 0.2 lots for any one pair. If you set the “MaxTrades” to 1, then you will only see one open trade per currency pair using the lot size you specified here.

4. FakeTP: Forex Shocker’s take profit (TP) level is between 4-6

pips, depending on the pair traded. This FakeTP of 10 pips (default) is used because:

a. Forex Shocker uses a “stealth” TP so that the actual TP

level of 4-6 pips does not appear on your MetaTrader 4 platform.

b. Your computer or VPS, and the MT4 platform operating Forex Shocker, must always be turned on during Forex Shocker’s trading hours and until all trades are closed. If your computer or VPS is shut down prior to all trades being closed, Forex Shocker’s TP levels of 4-6 pips cannot be executed properly and you may suffer losses. Thus, in an effort to minimize the possibility of losses in the event that your computer or VPS inadvertently shuts down while trades are still open, the “FakeTP” will close your trade if the price hits the TP level specified in this setting (default: 10 pips). The “FakeTP” must be 10 or greater for Forex Shocker to operate.

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5. MaximumTrades: This input is set by default at 2. This means that the maximum number of open trades for that particular currency pair is 2. This setting can be increased to a maximum of 3 (not recommended). Users who wish to lower their risk must set “MaximumTrades” to 1.

6. NFA Broker: All brokers regulated by the National Futures Association (NFA) are required to follow a first-in, first-out (FIFO) method to settle trades for each currency pair. By setting the “NFA_Broker” input to true, the “Maximum Trades” will automatically be set to 1 and the FIFO rule will not come into play. All users with NFA brokers such as Alpari (US) should change the NFA_Broker setting to “true”.

7. MaxSpread: This is the maximum spread permitted on the

pair for Forex Shocker to execute the trade. This input is set by default at 3.0. Fractional pips are permitted so that the user can set the “MaxSpread” to 2.2 or 2.5, for example.

We strongly recommend that this not be changed to a higher number than 3.0. For EURUSD, the MaxSpread should be set at no more than 2.0.

8. OpenSlippage and CloseSlippage: This is set by default to

0 and 3, respectively. Because Forex Shocker is a scalper, the opening of trades needs to be precise and a high amount of slippage on opening trades will only cause poor trades. It’s better to not execute a trade when there is too much volatility.

The next section of the Input tab looks like this:

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9. SetAutoGMT and SetManualGMT: Forex Shocker automatically calculates your broker’s GMT offset when this is set to “true”. The GMT offset is the difference between your broker’s server time (shown in the Market Watch pane in the top left corner of your platform) and official Greenwich Mean Time (GMT). You can check to see the GMT offset calculated by looking on your chart:

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If for some reason the GMT offset is not properly calculated or if you prefer to manually set the GMT offset, change this input to “false” and enter your broker’s GMT offset in the “SetManualGMT” line.

This GMT offset is very important. Forex Shocker only trades during a certain time each day (Monday – Thursday) and for it to know when to trade, it requires this GMT offset to be calculated.

For backtests: To perform backtests, the “SetAutoGMT” input must be set to “false” and you must type in your GMT offset in the “SetManualGMT” input. So if you’re GMT offset is +2, for example, change “SetAutoGMT” to “false” and change “SetManualGMT” to 2.

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10. UseDST GMTminus1: Each year, starting on a specified day in March and ending on a specified day in November, Daylight Savings Time (DST) is in effect in the U.S.A. Here are the exact time periods when DST is in effect through 2014:

March 13, 2011 to November 6, 2011




During DST (the dates set forth above), you must set this “UseDST_GMTminus1” input to “true”. If you fail to do so, Forex Shocker will not trade at the proper time.

We’ve received many questions about when this setting should be set to “true”. Again, the answer is: only during the time periods stated above. Who your broker is, or whether the country you reside in uses DST or not, is completely immaterial. We are only using the DST time periods of the U.S.A. as set forth above.

The next sections of the Input tab appear like this:

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11. Logic: This setting is very important. You must set this input to correspond with the pair you are trading on that particular chart:

If you are trading EURUSD, then you must set to 1.

If you are trading USDCHF, then you must set to 2.

If you are trading USDCAD, then you must set to 3.

If you are trading GBPUSD, then you must set to 4.

12. magic1, magic2, magic3, etc.: These numbers do not need to be changed. If you do change them, be absolutely sure not to set any of these to the same number as another magic number. In addition, do not change them to the same magic number(s) being used by another expert advisor which may be running on your platform.

13. CommentChange: This input is purely optional. By typing in a desired comment in this input, users are able to add their own comment which appears in the “Account History”. Again,

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this is purely optional and does not affect Forex Shocker’s trades.

Although already mentioned and emphasized earlier in this manual, these points are worth repeating:

BEST PAIRS TO USE: Through our extensive backtesting, forward-testing, and use on real accounts, we have seen better results on the EURUSD and USDCHF pairs than USDCAD and GBPUSD.

Further, EURUSD usually performs better than USDCHF due to its generally lower spreads. Thus, if you choose to use only one pair to reduce your risk, we would suggest EURUSD.

On our real accounts, we use only the EURUSD and USDCHF pairs.

You may choose to use Forex Shocker on USDCAD and/or GBPUSD but, again, be aware that based on our constant and exhaustive testing on both real and demo accounts, we expect better results on EURUSD and USDCHF.

A WORD ABOUT BROKERS: While we do not recommend any particular broker, your best chances of success will be with legitimate, regulated ECN and/or STP brokers with tight spreads. Forex Shocker is a “scalper” so it is very important to use it on a broker with the tightest possible spreads. We would strongly suggest you stay away from dealing desk, market maker brokers (those brokers who generally have a conflict of interest and "win when you lose"), especially those who still use 4 digit prices (non-fractional pip pricing).

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THANK YOU FOR PURCHASING FOREX SHOCKER!

YOU CAN ALWAYS CONTACT US AT: [email protected]

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