One Click Trader

One Click Trader
Manual
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Table of Content
Introduction............................................................................................................................................. 3
Metatrader4 platform (MT4) Installation ............................................................................................... 4
One Click Trader Installation ................................................................................................................... 9
Starting and configuring One Click Trader ............................................................................................ 11
One Click Trader functions .................................................................................................................... 13
MAIN PANEL ...................................................................................................................................... 13
SET1 PANEL........................................................................................................................................ 15
SET2 PANEL........................................................................................................................................ 17
ORDERS PANEL .................................................................................................................................. 18
PENDING PANEL ................................................................................................................................ 19
PANEL SET3........................................................................................................................................ 20
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Introduction
Before installing and starting One Click Trader you should know the
following:
1. Trading foreign exchange on margin carries a high level of risk, and
may not be suitable for everybody. By using One Click Trader, you
acknowledge that you are familiar with risks described on page 22
and that you are solely responsible for the outcomes of your
decisions.
2. Before using One Click Trader on a live account it is recommended
to test on demo.
3. If you find any irregularities when running One Click Trader, turn it
off and ask the author for assistance: [email protected]
One Click Trader is compatible with any version of Metatrader platform of
any broker.
One Click Trader automatically recognizes 4 or 5 digits quotation.
Platform restart is not required.
System requirements:
● 1.5 GHz Processor
● 1 GB RAM
● Windows 8, Windows7, Windows XP or Windows Vista
Reliable Internet connection is required for One Click Trader to operate
properly
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Metatrader4 platform (MT4)
Installation
One Click Trader is running on Metatrader4 platform. If you do not have it,
use the link from One Click Trader recommended broker below
http://www.tickmill.com/trading-platforms/
During the installation process follow these instructions.
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Click on Scan then click on Next.
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After the installation you will be asked to open a DEMO account. Fill in
all fields, allow subscription and click Next. In the next window click
Demo and Next, and then Finish.
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One Click Trader Installation
In order for One Click Trader to work properly you need to install
FRAMEWORK 4.0
http://www.microsoft.com/en-us/download/details.aspx?id=17851
You can download the OCT installer here:
http://www.tickmill.com/one-click-trader/
Follow the installer instructions
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Starting and configuring One Click Trader
After the installation go to Tools/Options in Metatrader4 platform. Select
Expert Advisors tab and check options as shown on the screen below.
In the new window click on Expert Advisors tab and select the following
options:
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Now you can start One Click Trader
Run OCT like every other Expert Advisor. Expand the “Strategy” button in
“Navigator” and find One Click Trader EA.
You can run OCT in 2 different ways:
First one is “Drag and drop” – while holding the Left Mouse Button drag
the Expert Advisor to the chart.
Second way is clicking the right mouse button over the One Click Trader
EA and selecting “Add to chart”.
If everything went OK you should see message One Click Trader window.
If you cannot see it, check the Expert Advisors tab.
If you are experiencing Error 126 problem, please download and install
the following add-on:
http://www.microsoft.com/download/en/de ... px?id=8328
If something is still not as it should be, please contact me [email protected].
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One Click Trader functions
MAIN PANEL
1 – Sell button (displays current Bid price)
2 – Buy button (displays current Ask price)
3 – Close all sell trades button (displays current profit from opened
sell trades, in base currency or pips – see SET2 panel, point 30)
4 – Close all buy trades button (displays current profit from open
buy trades, in base currency or pips)
5 – Close all trades button (displays current profit from open buy and
sell trades, in base currency or pips)
6 – Displays currency pair name OCT is running on.
7 – Money management button (on/off, trade size calculated by
equity size and StopLoss size)
8 – Displays current spread for the currency pair OCT is running on.
9 – StopLoss in pips (-1 means no StopLoss)
10 – TakeProfit in pips (-1 means no TakeProfit)
11 – Max slippage allowed (in pips) – controls your Slippage while OCT
is opening your trade. (HINT - It doesn't control your opened order
slippage) Example - current EURUSD price is 1.30000, slippage
parameter is set to 0. You try to open a trade using OCT. The software
calculates your instruction and wants to open a trade. In a meantime
the EURUSD price changed to 1.30002. Before sending "Open order"
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instruction OCT checks the price again. It changed by 2 points (0.2
pips) so trade won't open and you will receive a comment in an Expert
tab.
12 – Trade size (lots or percent - depends of money management
option)
A – Press there if you want to move OCT window over the chart
B – Minimize OCT window.
C – Show/hide ORDERS panel.
D – Show/hide PEDNGING panel.
E – Show/hide SET1 panel.
F – Show/hide SET2 panel
G – Show/hide SET3 panel.
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SET1 PANEL
13 – Turns Break Even ON and OFF (parameters set in 14 i 15)
14 – Break Even activation level
15 – Break Even level in pips
Break Even example:
Activate = 20
Step = 5
We assume the trade is opened at 1.5000. OCT will set the SL on 1.5005
after the price reaches 1.5020 level. This example does not include
spread.
16 – Turns Trailing Stop ON/OFF
17 – Trailing Stop activation level
18 – Trailing Stop step in pips
19 - StopLoss for Trailing Stop
Trailing stop example number 1:
Activate = 10
Step = 1
StopLoss = 20
We assume the trade is opened at 1.5000. When the price reaches 1.5010
level OCT sets SL on 1.4090. The next levels are:
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1.5011 -> SL 1.4091
1.5012 -> SL 1.4902
1.5013 -> SL 1.4903
This example does not include spread.
Trailing stop example number 2
Activate = 10
Step = 5
StopLoss = 10
We assume the trade is opened at 1.5000. When the price reaches 1.5010
level OCT sets SL on 1.5000. The next levels
are:
1.5015 -> SL 1.5005
1.5020 -> SL 1.5010
1.5025 -> SL 1.5015
This example does not include spread.
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SET2 PANEL
24 – Order comment
25 – Order Magic Number. Magic Number is a unique number which allows
OCT to recognize trades opened by this EA.
26 – Turn on/off trade's arrow drawing on chart
27 – Turn OCT functions on/off . When it’s set to off, you will have to
confirm each operation done by EA.
28 – Turn on/off automatic number of digits recognition. When it’s turned
on, you enter values like with 4digits brokers, for example 10 pips TP is
10.0 with 5 digits broker.
29 – Turn Visual Order function on/off. It allows to “drag and drop”
modify opened order: Stop Loss (red line), Take Profit (blue line) and
pending order: Open Price (yellow line).
30 – Change how profit/loss is shown (3,4,5 fields in main panel and 34
field in ORDERS panel).
31 – Show/hide hedge button
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ORDERS PANEL
32 – Automatic opposite trade button. It closes your existing trade and
opens reverse trade.
33 – Single trade number
34 - Single trade close button. It show the current value of the trade in
base currency or pips (see SET2 panel point 30). This button closes the
trade
35 – Single trade OpenPrice level.
36 – Single trade StopLoss level.
37 – Single trade TakeProfit level.
38 – Turn single trade StopLoss and TakeProfit edition on/off. It unlocks
fields 35, 36 and 37 where you can enter new values and confirm them by
turning edition off.
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PENDING PANEL
39 – Sell button (SellLimit or SellStop) – see point 44
40 – Buy button (BuyLimit or BuyStop) - see point 44
41 – Delete all sell pending’s
42 – Delete all open pending’s
43 – Delete all buy pending’s
44 – Change pending type (limit or stop)
45 – Pending order distance from the current market price
46 – Price, at which pending order will be set
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PANEL SET3
47 – Turns on/off PARTIAL CLOSE function on profit. Profit is set in field
number 49
48 – Turns on/off PARTIAL CLOSE function on loss. Loss is set in field
number 51
49 – Pip level, where you want part of your trade to be closed on profit.
You can set between 1 and 5 levels. -1 turns the level off.
50 – Percent level, where you want part of your trade to be closed on
profit.
51 – Pip level, where you want part of your trade to be closed on loss. You
can set between 1 and 5 levels. -1 turns the level off
52 – Percent level, where you want part of your trade to be closed on loss.
Partial Close TP example
TP1 = 10 , 25
TP2 = 20 , 25
TP3 = 30 , 50
TP4 = -1 , 0
TP5 = -1 , 0
This setting will divide trades closing to 3 steps.
We assume 1 lot trade is opened at 1.5000.
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- after reaching 1.5010 first 25% (0.25 lots) is closed leaving us with 0.75
lot trade
- after reaching 1.5020 another 25% (0.25 lots) is closed leaving us with
0.5 lot trade
- after reaching 1.5030 last 50% (0.5 lots) is closed.
Partial close function doesn’t have to close 100% of our trade. You can set
it to close for example 40% of the trade and leave the rest to reach fixed
SL/TP or close it manually. This example does not include spread.
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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 One Click 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 One Click 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 © 2011 – One Click Trader, www.forex-service.eu - All Rights Reserved
Author: One Click Trader Team
Website:
www.forex-service.eu
http://www.forex-service.pl/
http://forex-programming.eu
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