HAPPY NEW YEAR

Instructions on getting setup

to RROP Funded Automation

Welcome to the team!

COMPLETE ALL 8 STEPS

Step 1:

Get a VPS

Before Installing EA

In order for this EA to run, it must be installed onto a WINDOWS computer that can be connected to the internet and ON at all times. If you have a computer available that meets these requirements, you can skip step one. While the EA's algorithm can be used with any pair, we have programmed the default setting around XAUUSD. We highly recommend starting with XAUUSD.

 

If you don't have a WINDOWS computer that can be connected to the internet and ON at all times, you need to purchase a VPS (virtual private server) that will be a virtual computer from a VPS provider. This is a subscription based service. Many of our users use the following:

FXVM   

FXVPS

ForexVPS.net

Click the links to view the special offers


Feel free to pick any VPS provider. (we highly recommend a VPS with at least 2GB of memory).

 


TO LOGIN TO VPS ON-THE-GO (iPhone / Android devices):


Download " REMOTE DESKTOP " 
Both available on app store and google play store
IPHONE APP STORE: https://apps.apple.com/us/app/remote-desktop-mobile/id714464092

GOOGLE PLAY STORE: https://play.google.com/store/apps/details?id=com.microsoft.rdc.androidx&hl=en_US&gl=US

Step 2:

Sign Up for a Forex Broker or Prop Firm

Its suggested to do DEMO account before going LIVE

Recommended Brokers for LIVE ACCOUNT :

LMFX

http://bit.ly/LMFXbroker (CLICK LINK)

1:1000 Leverage

ECN Premium

Introductory broker: 18559

LIVE/DEMO

DO NOT TAKE THE BONUS

Tradersway

https://bit.ly/tradersbroker (CLICK LINK)

ECN Account 1:1000 Leverage

LIVE/DEMO

DO NOT TAKE THE BONUS

Recommended prop firm challenge for up to $200k in funding:

#1 Recommended : https://bit.ly/forexbros

#2 Recommended : https://bit.ly/MFFfunding

Step 3:

EA Download

Please download the EA into your VPS via the Google Drive :


You need winrar to open the .zip file :

https://www.win-rar.com/start.html?&L=0

USE FREE VERSION OF WINRAR

How to add Webrequest URL:


Tools-> Options -> Expert Advisors -> Allow Webrequest -> paste the following website: 


https://ec.forexprostools.com/?columns=exc_currency,exc_importance&importance=1,2,3&calType=week&timeZone=15&lang=1

 

How to add News files:


File > Open Data Folder > MQL4 > ....


Add News Reader.mqh to

INCLUDE FOLDER 

Add FFCAL to

INDICATORS FOLDER

Step 4:

Presets

Download & attach the desired set file to your mt4 terminal chart within your VPS (we recommend you test 3-4 set files on a DEMO ACCOUNT to gauge what suits your trading style and to gain CONFIDENCE & BELIEF in what you're actually doing). https://drive.google.com/drive/folders/1FeJmcU4oFkUlyejCJqpgKuIhH3rCLy1Q?usp=sharing

Step 5:

EA Settings Explained

RROP Funded Automation settings explanation. https://drive.google.com/file/d/1FfgrIcutRuXwBgq9VDn6fsWPQRp_AJ_o/view?usp=sharing

BEST TO RUN ON 1min TIME FRAME

When putting on a Stop Loss, please make sure that the stop loss is always greater than the current spread of the pair you're trading.

I RECOMMEND EVERYONE TO START WITH FIXED LOT 0.01 ONLY TO TRAIN YOURSELF AND SEE HOW MUCH PROFIT YOU CAN MAKE IN 1 DAY. SO LET SAY WITH 0.01 YOU CAN MAKE $50 A DAY THEN IF YOU NEED $100 TO PASS CHALLENGE A DAY THEN CHANGE THE STARTING LOT TO 0.02 PERCENTAGE LOT = IGNORE THIS TAKE PROFIT IN PIPS = CHANGE TO 50 100 150 200 250 300 FOR GOLD

IT DEPENDS IF YOU WANT THE TAKE PROFIT TO BE TIGHT SET TO 50 IF YOU WANT THE TAKE PROFIT TO BE FAR SET IT TO 100 150 200 FOR FOREX PAIRS 5 PIPS = 50 10 PIPS = 10 THE NORMAL TP FOR EVERYONE USING NOW IS 100 PERSONALLY ON MY LIVE ACCOUNT MY TP IS 100000

SO THIS EA HAVE 4 TYPE OF GRID FUNCTIONS:

FIXED START IT WILL ALWAYS OPEN AT 0.01 0.01 0.010.01 0.01 0.01 0.01 AND SO ON

SUMM START IT WILL OPEN 0.01 0.02 0.03 0.04 0.05 0.06 AND SO ON

MARTINGALE ; IT WILL OPEN ON THE MARTINGALE FACTOR

STEP LOT : IT WILL OPEN ON THE STEP LOT SETTING.

EXAMPLE STEP LOT 2 IT WILL OPEN 0.01 0.01 0.02 0.02 AND SO ON

STEP LOT 4 IT WILL OPEN 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 AND SO ON

WE RECOMMEND TO USE MARTINGALE 1.11 ON DEMO

FIRST THEN WHEN YOU HAVE MORE CONFIDENT USE MARTINGALE 1.2 AND THEN 1.3 AND SO ON.

CALCULATE THE PROFITS SEE WHAT HAPPEN DURING HUGE TRENDING SESSIONS HOW BIG YOU CAN GET

PERSONALLY ON MY LIVE ACCOUNT I AM USING 1.11

Step 6:

How to Backtest

Backtesting is how you can test different presets. This will give you an idea of how the market moves and how changing just one of the settings can affect the long term performance. This won't be 100% accurate because of certain session you would probably turn off but will give you an overall idea.

How to Backtest Expert Advisor on Metatrader 4 with 99.9% accuracy WEBINAR: https://vimeo.com/showcase/9973516/video/777939113

Step by step instruction on Tickstory: https://www.youtube.com/watch?v=eJ3ijXpH7Ws

Step 7:

Ea Profit Tracker

Track your trades via the “RROP Funded Automation EA Profit Tracker” journal found on the Google Drive - we've found journaling and logging this way can really help traders progress.

https://docs.google.com/spreadsheets/d/1NIl3_ZQCRzc3xJPgRIrJLEc4eCvVF-Ec/edit?usp=sharing&ouid=110567406833676892602&rtpof=true&sd=true

Step 8:

Drawdown Calculator

There's also a 'Drawdown Calculator' excel doc in the Google Drive that can help in reviewing potential drawdown and planning for a specific size of move in the markets.

https://docs.google.com/spreadsheets/d/1w6vd5Fcl1PGfrvZD38e_hijnSqWNzsZm/edit?usp=sharing&ouid=110567406833676892602&rtpof=true&sd=true

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