Installation Guide & User Manual

Install Guide
Thanks for purchasing the Reaper forex robot. This guide covers installation, settings, and the
best ways to use your new robot.

• Installing Your Forex Robots

o Step 1
o Step 2
o Step 3
o Step 4
o Step 5
• Live Trading
o Step 1
o Step 2
o Step 3
• Chart Templates
• Configuration
o Lot Size
o ECN Brokers
o Other Input Settings
• Quick Loading Custom Settings
o Templates
o Presets
• Using Reaper
• Additional Support

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Installing Your Forex Robots
The zip file that you downloaded contains all of the files for your new forex robots. Let's start
by installing them into MetaTrader 4.

Step 1
Double click the zip file you downloaded to view its contents. Keep that window open for
later.

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Step 2
Open your MetaTrader 4 platform. Click on File > Open Data Folder. A new window will open
showing you the contents of your MT4 data folder. All experts, indicators, and templates for
your MT4 terminal are kept inside this folder. The 32-bit folder name will vary.

* Note: If you do not see an option to "Open Data Folder" you are using an
old version of MT4. Upgrade your installation to v600 or newer before
continuing.

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Step 3
In the zip file you left open, select and drag its contents into the MT4 data folder window. You
can also copy + paste them if that is easier. Click yes if you are prompted to overwrite existing
files.

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Step 4
Close and reopen MT4. Your new forex robots should be showing in the navigator. Attach the
forex robot by dragging it from the navigator onto the desired chart.

* Note: If you purchased the Fractal Breakout Indicator, it will be listed under
the "Custom Indicators" folder in your navigator.

Some robots also come with templates. You can apply these by right clicking on your chart
and going to Template > [Robot's Name]. See chart templates for more info.

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Step 5
After attaching your robot a window with expert settings will open. On the "Common" tab,
make sure "Allow live trading" is checked.

* Note: If you are attaching the Fractal Pterodactyl Robot, you will also need
to check "Allow DLL imports" and uncheck "Confirm DLL Function calls" as
pictured below.

On the "Inputs" tab you can change lot size, max spread, and more to fit your needs. If
everything looks good, click OK.

* Note: When loading hardcoded robots for live trading, you'll need to set
the "YourAccountNumber" field on the Inputs tab to your live account
number. On newer robots like Reaper this field is named
"your_account_number". See the Live Trading section for more info.

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If your robots aren't running, be sure the "AutoTrading" button at the top of MT4 is green.
You may need to re-attach the robot if AutoTrading wasn't enabled.

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Live Trading
The robots you initially download will only work on a demo account. To trade live you need to
request your hardcoded forex robots.

Step 1
Go here and follow the onscreen instructions to complete your hardcoded robot request. You
will need to know the email address you used when you bought your robots and also your live
account number. You can find your live account number in MT4 by looking in the navigator
under "Accounts". You can also request it from your broker.

After completing your request you will receive an email with your hardcoded forex robots.

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Step 2
Before installing your new hardcoded robots you must first delete the demo versions you
previously installed into MT4. Follow these steps to remove your demo versions:

1) Open your MetaTrader 4 platform.

2) Click on File > Open Data Folder. A new window will open showing you the contents of your
MT4 data folder.
3) Exit the MT4 platform but leave the MT4 data folder window open.
4) In the MT4 data folder navigate to where your demo robots were installed. All robots
besides the Fractal Breakout Indicator are located inside of the "MQL4/Experts" folder. The
Fractal Breakout Indicator is located inside of the "MQL4/Indicators" folder.
5) For each hardcoded robot that you will be installing, delete the original demo version that
was previously installed.

* Note: You can tell demo versions from hardcoded versions by looking at their file name.
Hardcoded robots contain the words "_live_XX" towards the end of their file name. Demo
versions do not.

Example scenario:

You requested hardcoded versions of both the Fractal Breakout indicator and Hedge robots.
For the Hedge robot you would need to delete the file "Steinitz_HAS_MTF_Hedge_v3_24.ex4"
from your MQL4/Experts folder. For the Fractal Breakout indicator you would delete the file
"Steinitz Fractal Breakout Indicator_ v1.53.ex4" from your MQL4/Indicators folder.

Once the demo versions of each robot you hardcoded are removed, proceed to step 3.

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Step 3
Using the zip file you received via email, follow the same installation instructions above to
load the new hardcoded robots into your MT4 platform. Important: You'll need to set the
"YourAccountNumber" field on the Inputs tab to your actual live account number. This value
must match the one you gave us when you requested your hardcoded robots.

* Note: On newer robots such as Reaper, this field is named "your_account_number".

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Chart Templates
Some robots like Reaper come with full chart templates. You'll want to apply these before
attaching the robot to your chart. Do so by right clicking on your chart and going to Template
> [Robot's Name].

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Configuration
The default settings are used when you attach the robot to a chart. You will need to verify
they are correct for you. You can modify these settings at any time by right-clicking on the
chart that the robot is loaded on. To modify a setting simply double click on its value.

Two settings are very important. Let's take a quick look at them.

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Lot Size
All of our robots default to trading micro lot sizes. A micro lot is 1,000 units or $0.10 per pip
on USD based pairs. You can modify the "lot_size" field on your robot's Input area to change
the lots it will trade.

Input value Lot Size Price per pip Units Increments

0.01 Micro $0.10 USD 1,000 0.02, 0.03, etc.

0.10 Mini $1.00 USD 10,000 0.20, 0.30, etc.

1.00 Standard $10.00 USD 100,000 2.00, 3.00, etc.

Lot Size VS. Account Balance

The minimum recommended account balance for trading micro lots is $1000. You will need
more than that if you plan to trade multiple pairs or larger lots. You should always trade
within your limits and never set a lot size that is too large for your account.

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ECN Brokers
Brokers like IBFX are called ECN brokers. ECN brokers require trades to be opened a certain
way . If you are using an ECN broker you will need to set "using_ecn_broker" to true on your
robot. If you're not using an ecn broker setting this value to true will still work.

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Other Input Settings
Reaper comes with several settings that control how it trades. The default values are what we
recommend for most cases. However you can customize these values from their defaults and
create an entirely unique trading robot. Here's a breakdown of each setting for your
reference.

Field name Description

your_account_number When trading live this must match your live account
number and the hardcoded account number. Ignored for
demo accounts.

lot_size The lot size to use when Reaper opens a trade. See "Lot
size" above for more info.

max_spread If the current spread is greater than this amount Reaper

will not open a trade. Used to prevent news spreads.

entry_price_slippage The maximum allowable difference between the sent entry

price and the returned order price.

magic_number A unique number for this robot. Used to identify trades in

your account history.

using_ecn_broker When using an ECN Broker, make sure this is set to true.
See "ECN Brokers" for more info.

use_margin_checks 1 = Enables money management to prevent margin calls

0 = Money management disabled

minimum_margin_percent The minimum margin ratio required to safely open new

trades. Only used if "use_margin_checks" is enabled.

base_tf The main timeframe used to find new trades.

1 = M1 timeframe
2 = M5 timeframe
3 = M15 timeframe
4 = M30 timeframe
5 = H1 timeframe
6 = H4 timeframe
7 = D1 timeframe

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 8 = W1 timeframe
9 = MN1 timeframe
0 = Chart's current timeframe

require_fresh_bar 1 = Robot waits for a new candle to open before trading

0 = Disabled, starts trading right away

force_zig_zag 1 = Forces even alternation between buy and sell orders

0 = Disabled

te_method Trade expiration settings.

1 = Trades close at end of day
2 = Trades stop and reverse at end of day
3 = Trades close after X hours
4 = Trades stop and reverse after X hours
0 = Disabled, no expiration

te_expire_if_profitable 1 = Forces profitable trades to expire

0 = Disabled, only unprofitable trades expire

trade_expiration_hours The amount of hours before trades expire. Only used when
trade expiration is set to "... after X hours".

no_trades_on_friday 1 = Robot does not open trades on Fridays

0 = Disabled

use_time_restrictions 1 = Robot only trades between window times specified below

0 = Disabled, trades anytime

time_window_open If using time restrictions, set the time the trade window
opens.

time_window_close If using time restrictions, set the time the trade window
closes.

sl_method Stop loss calculation method.

1 = Use static SL values
2 = Use robot calculated ATR levels
3 = Use candle highs/lows
4 = Use box indicator levels
0 = Disabled, no stop loss

sl_multiplier Multiply the final calculated stop loss by this amount.

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static_sl_pips When using stop loss method 1, enter the static amount of
pips to use for a stop loss.

atr_sl_period When using stop loss method 2, enter the ATR period used
for calculation.

candle_sl_bars When using stop loss method 3, enter the previous number
of candles to scan for a high/low stop loss.

tp_method Take profit calculation method.

1 = Use static TP values
2 = Use robot calculated ATR levels
3 = Use candle highs/lows
4 = Use box indicator levels
0 = Disabled, no take profit

tp_multiplier Multiply the final calculated take profit by this amount.

static_tp_pips When using take profit method 1, enter the static amount
of pips to use for a take profit.

atr_tp_period When using take profit method 2, enter the ATR period
used for calculation.

candle_tp_bars When using take profit method 3, enter the previous

number of candles to scan for a high/low take profit.

sm_method Stop management settings for active stop adjustment.

1 = Move stop to break even when conditions are met
2 = Trailing stop using candle lows/highs
3 = Jumping stop loss
4 = Jumping stop loss after break even met
5 = Trailing stop loss
6 = Trailing stop loss after break even met
0 = Disabled, no stop management

break_even_pips After this amount of pips, the stop will be moved to break
even to prevent loss. Only used when methods 1, 4, or 6
are selected.

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break_even_profit An additional amount of pips to secure when the break
even is triggered. Only used when methods 1, 4, or 6 are
selected.

candle_ts_bars The amount of previous bars to find a candle high/low for

stop adjustment. Only used when method 2 is selected.

candle_ts_timeframe Leave at 0. For advanced traders only. The MT4 numeric

timeframe to look for candle high/low for stop adjustment.
Only used when method 2 is selected.

jumping_stop_pips The pip increment to use for an active jumping stop. Only
used when methods 3 or 4 are selected.

trailing_stop_pips The amount of pips that the stop loss will trail behind the
price as it moves forward. Only used when methods 5 or 6
are selected.

stop_trail_at_pips_profit 1 = Robot will end trailing stop after a certain amount of pips
0 = Disabled, trailing stop acts normal

stop_trail_pips If "stop_trail_at_pips_profit" is enabled, enter the amount

of pips at which the trailing stop will quit moving forward.
Only used when methods 5 or 6 are selected.

verify_trades Fixes a known MT4 bug with order opening. Recommended

setting is true.
true = Robot will verify trade in account history after opening
false = Disabled, robot will not verify trades have opened

verify_trade_max_retries The amount of times to retry order verification. Only used

if "verify_trades" is enabled.

verify_trade_sleep_time The minimum amount of time to wait before each

verification retry. Only used if "verify_trades" is enabled.

verify_trade_max_sleep_time The maximum amount of time to wait before each

verification retry. Only used if "verify_trades" is enabled.

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font_size The size of onscreen messages from the robot.

font_face The face of onscreen messages from the robot.

color_normal The font color of normal messages from the robot.

color_error The font color of error messages from the robot.

color_active The font color of active messages from the robot.

color_inactive The font color of inactive messages from the robot.

disable_logo 1 = Robot's onscreen logo is not shown

0 = Robot's onscreen logo is shown

show_sl_modifications 1 = SL modification messages show up in the journal

0 = SL modification messages are muted

debug_mode 1 = Robot runes in debug mode and outputs to the journal

0 = Robot runs in normal mode

box_method 1 = Box breakout method is enabled

0 = Box is not used

box_prev_days The amount of previous days to draw onscreen boxes for.

box_period_start The time that a new box period opens. Relative to your
broker's time.

box_period_end The time that the high/low box window closes after a new
box is opened.

box_end The time that a box closes out completely.

box_required_volume The amount of volume required for a signal to be valid.

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box_color The base box color.

box_breakout_color The color of breakout area 1.

box_breakout_color2 The color of breakout area 2.

box_period_color The outline color of the high/low period.

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Quick Loading Custom Settings
Customized robot input values will be lost when you close the chart. You can get around this
by saving a new template or using presets to quickly load your custom values.

Templates
Start by loading your robot on the chart as normal with its original template (if applicable).
Customize any input values you might need. When you're ready, right click in the chart and go
Template > Save Template.

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Specify a file name and hit save. Now when you start MT4 load that template onto your
charts. All of the values you originally specified will be loaded along with the expert.

Presets
Another way to quickly load your custom input values is to save them to a preset file. Preset
files can be loaded when attaching a robot to a chart.

Start by customizing your robot's input values. When everything is ready, hit the "Save"
button. Save the preset file to your computer where you can easily find it.

To load the saved values quickly, hit the "Load" button and browse to the file you created.
The robot's input values will automatically be changed to the ones you saved previously.

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Using Reaper

Currency Pairs
Reaper is configured to run on any currency pair. It will adapt its own settings for the chart's
pair. We recommend running Reaper on pairs with good spreads. Spreads will vary from
broker to broker.

Timeframes
Reaper works best on low/middle timeframes. M5, M15, M30, and H1 are all good choices.
Keep in mind that Reaper will use the value you've set for the "base_tf" input variable. Setting
that to "0" will force Reaper to use the chart's current timeframe.

Setup
Reaper is set to open and close trades by itself. In order to work properly Reaper needs to be
left on the entire time the markets are open (24 hours, 5 days a week). Make sure that your
computer stays on with your MT4 platform open and connected.

VPS
Most full time traders run their forex robots on a VPS. A VPS is a virtual computer in the
cloud. You can log into your VPS remotely and use it like a normal PC. Most forex VPS services
come with MT4 pre-installed. This enables you to have MT4 running all the time without
leaving your personal PC on for five days straight. Google "forex vps" for more information.

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Additional Support
Please contact us on our website using this form if you need additional help.

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