Welcome Forex Trading Troll users,

Once you have purchased the Forex Trading Troll, registered it and received it by email, it is time to set it up to run on Metatrader4.  By now, you should have saved the Forex Trading Troll to your computer and attached the file to your Metatrader4 platform.  (If you have not completed these steps, please go here.)

Before we begin, I want to bring TWO very important things I want to bring to your attention:

1. The Forex Trading Troll is an Expert Advisor.  In order to work properly, it MUST be attached to your Metatrader4 platform properly, and the platform must be connected to the Internet.  If you turn off your computer or lose Internet connection with an open trade managed by the Troll… it cannot perform the actions when the price levels are hit.
2. There are 3 price targets inside the Forex Trading Troll.  They MUST equal the lot size of the original order!  For example, if I place an original order of 3 mini lots (0.30 with my broker), then the 3 price targets must equal 0.30.  This could be 0.10 + 0.10 + 0.10, or 0.10 + 0.20, or 0.20 + 0.10, etc.  Or if the original lot size was 1.00 lots, then the three targets would have to add up to 1.00 lots (0.50 + 0.30 +0.20 or other variations).

Below is a video with detailed instructions as well as written instructions…

Written Instructions

Setting Up Metatrader4 To Run Expert Advisors

1. Open up your Metatrader4 Platform
2. At the top of the platform, click “Tools” and The “Options”
3. An Options Box will open up, and click the “Expert Advisors” tab
4. Make sure all the left hand boxes are checked, and the left interior boxes are unchecked

Attaching Forex Trading Troll To A Chart

1. Open a chart you want to trade with
2. In the Navigator window you’ll see an Expert Advisor icon.  Click on the + to open if it is closed.  If you added Forex Trading Troll properly, you’ll see the Forex Trading Troll Ea there.
3. You can simply LEFT CLICK on the icon and HOLD the mouse button and drag it on to the chart, OR RIGHT CLICK and choose “Attach to a chart”

Programming The Levels In The Forex Trading Troll

1. When you attach the Troll to a chart, a box with pop up with a COMMON tab and INPUTS tab
2. Under the COMMON tab, make sure all the left hand boxes are checked and interior boxes unchecked.  (This should be automatic if you set up the Metatrader4 Expert Advisors tab as previously instructed)
3. Under the Inputs Tab you’ll need to program the Forex Trading Troll to move stop losses, or take partial profits.  See below for details…

Partial Close Settings

* As discussed above, all Partial Close Lot setting MUST equal the original lot size

• Partial Close Lot 1 <- Partial lot to close at the first price target
• Partial Close TP 1 <- Pips away from ENTRY you want to close Partial Close Lot 1
• Partial Close Lot 2 <- Partial lot to close at the second price target
• Partial Close TP 2 <- Pips away from ENTRY you want to close Partial Close Lot 2
• Partial Close Lot 3 <- Partial lot to close at the third price target
• Partial Close TP 3 <- Pips away from ENTRY you want to close Partial Close Lot 3
• Slippage <- Amount of pips difference you are willing to accept the price.  Helps when price is moving fast and the action cannot be completed in time.  (I set this to 2 usually)

Trailing SL Settings

* The Stop Loss can be moved to a (-) Negative number to reduce risk, (0) Zero for Break Even level or a (+) Positive number to lock in profit.

• Move SL Target 1 <- Number of pips from Entry price must move
• Move SL 1 at <- Number of pips away from Entry you want the SL 1 to be moved to
• Move SL Target 2 <- Number of pips from Entry price must move
• Move SL 2 at <- Number of pips away from Entry you want SL 2 to be moved to
• Move SL Target 3 <- Number of pips form Entry price must move
• Move SL 3 at <- Number of pips away from Entry you want SL 3 to be moved

Alert Settings

• “true” if you want to get alert pop ups when an action is taken
• “false” if you do NOT want to get alert pop ups when action is taken

Comment Setting

• “true” if you want the on chart display
• “false” if you don’t want the on chart display
• There are also color templates for you to customize the look of the on chart display

Looks like a lot, but it is really not.  You can set it up in a matter of seconds after placing your manual trade.

NOTE: You do not have to remove the Forex Trading Troll from the chart when the trade is finished.  The on chart display will say “no order”.  However, when you place another trade on a chart where the Troll is attached, it WILL manage the trade with the previous settings.  Therefore, if you want to change the levels for the new trade, you need to Right Click on Forex Trading Troll at the top right of the chart and choose “Properties”. You can change the settings for the new trade as described above.