CAD-Trader v1 Manual

Release 13.05.2011 http://www.cad-trader.com

1. Disclaimer and Risk Disclosure

Risk Disclosure: 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 FOREX trading. Past results are not necessarily indicative of future success. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold CAD-Trader.com and any authorized distributors of this information harmless in any and all ways. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options 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 and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell 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. 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 UNDEROR-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.

2. Introduction
CAD Trader EA is an expert advisor that works on MetaTrader 4 Platform. The strategy is based on the up-and-down turns in the currency pair USD-CAD. The EA opens selltrades, when the currency pair moves up and it opens buytrades, when the currency pair moves down. The EA has been developed by Alfred Ebner. Every licence of the CAD-Trader EA will only work on the 1 live account that you have been registered.

3. Important Requirements:
Trading Platform: MetaTrader 4 Minimum Leverage: 1:50 but 1:100 or more is recommended Currency: USDCAD Minimum Accountsize: $500 at a MicroAccount EA running 24 hrs a day (VPS Server is recommended)

4. Installation
Please follow this Installation guidelines to install the CAD-Trader EA correctly. The EA works only with this broker account, that you have sent to the CAD-Trader support and on unlimited demo accounts. You should have got a .zip-file CAD-TraderEA.zip via E-Mail from CAD-Trader Support. This .zip-file contains this Manual and the files CadTrader_v1.ex4 and CadTrader_v1.dll. Copy the file CadTrader_v1.ex4 to the experts folder of your MetaTrader Broker and the file CadTrader_v1.dll to the libraries folder as you can see in Picture 1.

Picture 1

Open your MetaTrader software Load the currencypair USDCAD and choose the timeframe M5 Load the EA CAD-Trader_v1 to your chart. Go to Navigator on your left, choose Expert Advisor and double click at CAD-Trader_v1. Then you will see this window:

Picture 2

Make sure, you have the same common settings, as you can see in Picture 2 If you use the EA with the standard settings (recommended) you have to click on the "OK"-Button Your EA will smile on the right top corner and the EA starts to trade as you can see on Picture 3. If it does not smile, please check if the "Expert Advisor" button is activated.

Expert Advisor button

smile

Picture 3

5. Inputs Overview
If you open your EA (double click on the Smiley) and go to the "Inputs"-tab as you can see in Picture 4 you have the possibility to change the Inputs.

Picture 4

pips Moneymanagement

Here you can set, every how many pips a new trade should be opened If you set it to true, trades with a lotsize depending on your Account equity will be opened If you set it to false, trades with a lotsize, that you define in the "lotsize" parameter will be opened. If you set the parameter "Moneymanagement" to false, trades with this lotsize will be opened. Orders will only be opened, if the Spread is smaller than this value Here you can set, with what profit per open trade your trades should be closed. The value that you set here is for 0.1 Lot. eg. If you have 1 open trade with a lotsize of 0.2 lot and you have here the value 12, than the trade will close, when you reach a profit of 24.00 (12*2) If you have 3 open trades with a lotsize of 0.2 lots for each trade and the value 12, than the trades will close, when you reach a profit of 72.00 (12*2*3)

lotsize maxSpread win_per_trade

Risk

Here you can set your Risk-level. The higher this value is, the smaller will be the lotsize of the trades. The smaller this value is, the higher will be the lotsize of the trades. The value has to be between 2.5 and 10. eg. If you have an account with $ 5.000 and use 5 for the Risk, then trades with a lotsize of 0.1 will be opened. If you use 10 for the Risk then the lotsize will be 0.05. If you use 2.5 for the Risk, then the lotsize will be 0.2. Here you can define the SL for all of your trades in %. If the profit of the sum of your trades will be below this % of your Account balance, all of your trades will be closed. eg. If you have an account with a account balance of $ 5.000 and you use the value 50, then all of your trades will close when the profit of all of your trades is lower than $ -2.500. If you use the value 30, than all of your trades will close when the profit of all of your trades is lower than $ -1.500. If you set the value of this parameter to true, you can define, every how many trades the lotsize will increase Here you can set, every how many trades the lotsize will increase, if you have the parameter IncreaseLots set to true With this parameter you can define the increase of the lotsize after the NumberofTrades, if you have the parameter IncreaseLots set to true eg. if you set the NumberofTrades to 3 and the IncreaseFactor to 1.2, then the lotsize for your trades will increase after every 3rd trade by 1.2 (=20%). If the lotsize of the 1st and the 2nd trade is 0.1 lot, then the lotsize for the 3rd trade will be 0.12 lot.

SecuritySL

IncreaseLots NumberofTrades IncreaseFactor

6. Support
If you have any problem with the EA or have questions to it, feel free to contact our support at support@cad-trader.com.