What is the minimum account balance required?
There is no minimum balance required to use the software. It can run on any account size. You should use an account balance that you feel comfortable with and never risk more than you can afford to lose as trading always has an element of risk involved.
What leverage should I use?
The software will run with any leverage. You should use a leverage that you feel comfortable with and understand the risks involved with online trading.
What trading platform do I need?
The software runs only on the MetaTrader 4 (MT4) platform for desktop, not in the MT4 mobile app or web trader platform. You should have the MT4 desktop platform already installed.
What broker should I use?
You can use any MetaTrader 4 forex broker. The lower the brokers spreads/commissions and faster the execution speeds, the better. You should already have an account with an MT4 broker.
I have no experience; can I use the software?
Step by step setup instructions are included but you should have some knowledge of MetaTrader 4 and using expert advisors (EAs).
What currency pairs does the software run on?
What chart time frame does the software run on?
Does the software use any martingale, grids or hedging?
No, the software does not use any martingale money management strategies, grid trading or hedging positions.
Can I try on a demo account?
Yes, if you wish. Many would say it is a wise idea to practice trading on a demo account first to familiarise yourself with the software and how it works.
What is a license?
1 license allows you to run the software on 1 real live MetaTrader 4 account.
How many licenses do I get?
The software comes with 1 real live MetaTrader 4 account license but you can purchase more using the link provided in the instructions. All packages include unlimited demo account licenses.
Can I change my license?
Yes, you can change your license to a different MetaTrader 4 account at any time.
Can I use my license on another computer/VPS?
Yes, you can use the same license for an account on multiple devices.
How do I get the software?
You will receive the software and instructions as an instant download link.
How do I activate my license?
You will receive an activation link with the software and instructions.
Are setup instructions included?
Yes, step by step setup instructions are included.
Do I get settings for the software?
The software comes with default settings based on many years of testing. You can set your own lot/risk size. Some users like to experiment with settings, currency pairs and time frames, which is fine but we would do so on a demo account to begin with.
Do you offer support?
Yes, via email only. Please allow up to 24-hours for a response, excluding weekends and public holidays.
Do you offer trial versions?
No, the robot has taken thousands upon thousands of hours to develop and test over many years.
Due to the downloadable nature of the software and unpredictability of the markets, there are no trials.
How much can I make every day/week/month? What is the drawdown?
There are no guarantees on what the results will be. Trading is risky by nature and there can be significant drawdown and losses as with any trading system.
Results depend on many factors such as market conditions, economic news releases, black swan events, settings used, lot/risk size, broker conditions, spreads, commissions, slippage and more.
What is Forex?
The Foreign Exchange market, also referred to as the "FOREX" is the largest financial market in the world,
with a volume of over $2 trillion a day.
If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the
Foreign Exchange really is.
What Tools Do I Need to Start Trading Forex?
A computer with an internet connection or virtual private server for remote trading. You also need a trading platform such as MetaTrader 4.
What trading software do I need to run 5 pips a day and where do I get it from?
5 pips a day is designed to work with the forex trading platform Metatrader 4, which is offered by many of the leading forex brokers.
Metatrader 4 can be downloaded for free from most broker's websites, usually via a "download trading platform" link.
What is a forex robot?
A forex robot (also called expert advisor) is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform. (there are also robots for other trading platforms).
Can advisors work when I am away or go out?
Yes, they can work 24 hours/day for you if you wish.
What is Virtual Private Server (VPS)?
VPS is a special service that can host your trading on a remote server so you no longer need to keep your PC on 24/5 for trading.
Demo or Real account?
You should always try your expert advisors on Demo account first.
We don't recommend trading on a real account without testing on a demo account first!