Installing QUIKER EA in the MetaTrader 4 trading platform
So, after you have bought this trading robot, we will send it to your Email. Download the QUIKER EA file to your PC.
After that, go to your MetaTrader 4 platform and find the “File” menu in the upper left corner of your platform. Select “Open data folder” from this drop-down menu. Click this menu item and the root directory of the MetaTrader platform will open.
Open the MQL4 folder and find the “Experts” folder inside it.
You need to copy the QUIKER EA file to the “Experts” folder:
After that, close the MT4 platform and turn it back on. That is, in simple words, you need to restart your MT4 platform. This must be done in order for the QUIKER expert file to be initialized in the internal directory of your platform and become available in its menu for selection and use.
Installing QUIKER EA on the quotes chart
Open quote windows for the following currency pairs:
- NZDCAD,
- AUDNZD,
- AUDCAD,
- GBPUSD,
- EURNZD,
- GBPCAD,
- EURAUD,
- EURGBP.
Thus, 8 different (listed above) windows of currency pairs should be opened on your platform at once. After that:
- Set the M5 timeframe for each quote window,
- Click on the “Autotrading” button:
Set links to news sites in the MetaTrader 4 platform settings. To do this, click on the “Tools” drop-down menu of your platform and select the “Options” item:
In the “Expert Advisor” tab, check the box for allowing Web requests. After that, add 4 different web addresses to the empty field below:
https://www.worldtimeserver.com/time-zones/utc
https://ec.forexprostools.com
https://www.worldtimeserver.com
http://timesrv.online
ATTENTION!!!! If you do not insert these WEB addresses in the platform settings, then the QUIKER EA will not work!!!!
All these 4 web addresses must be entered in turn in the settings columns. You should get it like this:
Open the “Nafigator” tab and in the “Experts” section find QUIKER EA. Drag it onto each chart of currency pair quotes that you have previously opened (from the list above):
After you drag QUIKER EA onto the quotes chart, the manual settings of this Expert Advisor will open. you don’t need to change anything yourself. The only function you need to set correctly is the risk size (by default, the EA uses the function of automatic calculation of the risk size at the level of 2% of the maximum DD).
To set up the automatic money management function, you need to double-click on the variable and select the risk size that suits you best from the drop-down menu.
You can choose between:
- low risk (on each trade you risk 0.5% of your deposit),
- medium risk (on each trade you risk 2% of your deposit)
- high risk (on each trade you risk 5% of your deposit)
Of course, the higher the risk, the higher the profitability of the trading robot. Each trader’s perception of risk is an individual concept. Start using QUIKER EA with minimal risk, and when you are convinced that this Expert Advisor really trades accurately and safely, set the risk size that will be optimal for You.
If you want to use QUIKER EA to challenge FTMO or another Prop Firm, set the maximum risk size of 2% for each asset in this way. Thus, you will not exceed 5% of the daily trading drawdown, as well as other rules and restrictions.
Also, you can set a different risk percentage manually. To do this, set the “Lot-sizing method” variable to “Lots based on Max Risk per Trade” and set the number of risk percentage you want to use in each trade:
Recommended settings:
- Minimum deposit $200 or more
- Leverage: from 1:30 and up
- Recommended Account Type: Narrow Spread Account
- Trading hours: American and Asian exchange sessions
- Timeframe for trading: M5
- Assets for trading: NZDCAD, AUDNZD, AUDCAD, GBPUSD, EURNZD, GBPCAD, EURAUD, EURGBP.