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Forex Trading Setup Guide

This document provides a user manual for the DolphinTrader trading platform. It contains 6 sections: 1) Instructions for installing the MT4 trading platform. 2) Directions for installing MT4 indicators, experts, and strategies. 3) An example of how to install and follow a trading strategy. 4) Instructions for installing MT5 indicators. 5) A recommendation to use XM as a broker and Forex Trendy and Extreme Forex Profits as trading tools. 6) A list of the best forex resources. The document aims to guide users on how to properly set up and utilize the DolphinTrader trading platform and associated tools and resources.

Uploaded by

Kusala Kumari
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
130 views15 pages

Forex Trading Setup Guide

This document provides a user manual for the DolphinTrader trading platform. It contains 6 sections: 1) Instructions for installing the MT4 trading platform. 2) Directions for installing MT4 indicators, experts, and strategies. 3) An example of how to install and follow a trading strategy. 4) Instructions for installing MT5 indicators. 5) A recommendation to use XM as a broker and Forex Trendy and Extreme Forex Profits as trading tools. 6) A list of the best forex resources. The document aims to guide users on how to properly set up and utilize the DolphinTrader trading platform and associated tools and resources.

Uploaded by

Kusala Kumari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DOLPHINTRADER

USER MANUAL

Version 1.7

Published by DolphinTrader.com. 1
LEGAL NOTICE
NO INVESTMENT ADVICE. The information contained in this user manual
has no regard to the specific investment objective, financial situation or
particular needs of any specific recipient.

DolphinTrader.com does not endorse or recommend any particular securities,


currencies, or other financial products. The content published in this document
is solely for informational purposes and is not to be construed as solicitation or
any offer to buy or sell any spot currency transactions, financial instruments or
other securities.

DolphinTrader.com does not represent or guarantee that any content in this


document is accurate, nor that such content is a complete statement or
summary of the marketplace.

Nothing contained in this document is intended to constitute investment, legal,


tax, accounting or other professional advice and you should not rely on the
reports, data or other information provided on or accessible through the use of
this product for making financial decisions.

You should consult with an appropriate professional for specific advice tailored
to your situation and/or to verify the accuracy of the information provided
herein prior to making any investment decisions.

Risk Disclaimer

Off-exchange foreign currency trading on margin carries a high level of risk


and may not be suitable for all investors. The high degree of leverage can
work against you as well as for you.
Before deciding to invest in foreign exchange you should carefully consider
your investment objectives, level of experience, and risk appetite. The
possibility exists that you could sustain a loss of some or all of your initial
investment and, therefore, you should not invest money that you cannot afford
to lose.
You should be aware of all the risks associated with off-exchange foreign
currency trading and seek advice from an independent financial advisor if you
have any doubts.

Published by DolphinTrader.com. 2
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

Published by DolphinTrader.com. 3
1. Install XM MT4
All MT4 indicators, MT4 strategies and MT4 systems have been tested with
the XM MT4 platform. For best trading results, please install the XM
Metatrader 4 platform. It only takes 5 min of your time.

Just click the banner below to get started with XM MT4.

After installing and running XM Metatrader 4 for the first time, the default
screen will look something like the picture below:

Published by DolphinTrader.com. 4
If you need any information about Metatrader4, we refer to the help topics, just
select the “help” button on the main tool bar and click “topics” or press F1 on
your keyboard to access the help topics.

2. Installing MT4 Indicators


Download the DolphinTraderDL.zip file and unzip the file. The unzipped file
contains 3 folders: MT4Indicators, MT5Indicators & MT4Experts.

How to install the MT4 indicators to the XM Metatrader 4 platform?

Step 1: Run the XM Metatrader 4 platform.


Step 2: Open the data folder from the main menu

See picture below

Published by DolphinTrader.com. 5
Step 3: Open the MQL4 folder

Step 4: Click the indicators folder inside the MQL4 folder

Step 5: Open the indicators folder

Published by DolphinTrader.com. 6
Copy all MT4 indicators from into this folder. Then restart the XM Metatrader 4
platform. You're now ready to start using all indicators!

3. Installing MT4 EA
This is very similar to installing MT4 indicators. Just follow the steps 2.1 - 2.4.
Install the expert advisors into this folder:

Then restart the trading platform. You're now ready to start using all expert
advisors. Drag and drop an EA from the navigator window to the chart!

Published by DolphinTrader.com. 7
4. Systems And Strategies
This section describes a typical example of installing a trading
system or strategy found on DolphinTrader.com.

Let's take this one for example:

http://www.dolphintrader.com/psar-moving-average-forex-trend-
system/

Step 1: Start Metatrader 4

Step 2: Open a new trading chart

Published by DolphinTrader.com. 8
Step 3: Add the “Used indicators” to the charts + adjust the recommended
indicator settings.

Please remember that The DolphinTrader download file contains most of the
“Used Indicators”.

You'll find all the other used indicators in the Metatrader 4 default indicators
folder (moving average, PSAR, MACD, Relative Strength Index,...).

You can add the “Used indicators” directly from the Metatrader 4 Navigator
window.

Main menu > View > Navigator (drag and drop).

Picture

For example, the PSAR Moving Average system requires you to add the 200

Published by DolphinTrader.com. 9
simple moving average indicator. This indicator is listed in the default
indicators folder. You need to drag and drop the “Moving Average” indicator to
your chart and modify its settings.

Picture

Modifying recommended indicator settings

Right click in the chart > Indicators List > select indicator then click the EDIT
button > select the Inputs tab to modify indicator settings > SAVE

Published by DolphinTrader.com. 10
Picture

Step 4: Follow The Trading Rules (use at your own risk)

That's it.

Optional: Right click in the chart and save as template. Now you can add this
trading system or strategy to other trading charts and currency pairs.

Published by DolphinTrader.com. 11
5. Installing MT5 Indicators
You can obtain a free copy of Metatrader 5 at IronFX. IronFX was
founded in 2010 and is authorized by CySEC, the FCA, the FSB,
the ASIC, the UCRFIN.

==> Demo Link: Open Metatrader 5 demo account here

==> Real Link: Open Metatrader 5 live trading account here

Sign up for free and follow the installation guidelines. The


Metatrader 5 installation process should only take 5 min.

After starting Metatrader 5 for the first time, the default screen will
look something like the picture below:

Published by DolphinTrader.com. 12
If you need any information about Metatrader 5, we refer to the help topics,
just select the “help”button on the main tool bar and click “topics” or press F1
on your keyboard to access the help topics.

How to install MT5 indicators to the IronFX Metatrader 5 platform?

Step 1: Run IronFX Metatrader 5 platform.


Step 2: Open the data folder from the main menu
Step 3: Open the MQL4 folder
Step 4: Click the indicators folder inside the MQL4 folder
Step 5: Open the indicators folder

Copy the MT5 indicators you want to install from the MT5Indicators folder into
this folder. Then restart the Metatrader 5 platform. You're now ready to start
using the MT5 indicators!

MT5 Systems And Strategies

For MT5 systems and strategies, take a look at point 4 “systems and
strategies”.

Published by DolphinTrader.com. 13
6. Best Forex Resources
Broker: XM MT4

For a VERY limited time XM is giving away $30 to any forex


trader who signs up for an account. You do not need to make a
deposit!

XM is our top recommended broker as they have the lowest spreads


and quickest execution times in the forex industry.

==> Click Here to Instantly Receive Your $30 Completely FREE!

Trading Software: ForexTrendy:

This popular trading software scans 34 forex pairs on all time


frames from minute to monthly. This way you pick the best trending
pair and time frame at the current time.

The system is running on our powerful computers, so you have


nothing to download and install. Just join in and start using it within
a FEW MINUTES! Get it on the link below:

==> Click Here to Start Trading With Forex Trendy Software

Trading System: Extreme Forex Profits

It is an automated buy/sell arrow indicator system:

 Easy-to-setup on your trading chart


 Over 90%++ winning accuracy (proven live-trading record)
 Whenever there is profitable trade detected, it will automati-
cally pop-up an Order Window for clients to enter the trade.
Target profit & stop loss are automatically set for the clients.
 No trading experience required
 Works on ANY timeframe
 Works with all major currency pairs

==> Click Here to Start Trading With Extreme Forex Profits System

Published by DolphinTrader.com. 14
Published by DolphinTrader.com. 15

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