Welcome Forex Trading Troll Users,

The Forex Trading Troll is really easy to set up and program to take partial profits and move your stop loss up at intervals you decide.  Once you do it a few times it becomes almost second nature. But sometime in the heat of battle (Forex trading), you might make a mistake.

Here is a video where I show you two common mistakes and how to spot them using the on chart display…

Written Instructions

If The On Chart Display Immediately Says “Reach” In The TP1 Spot (Take Profit 1)

If you set up the Troll and the on chart display immediately says “reach” in the TP 1 spot (Take Profit 1), that means you don’t have the lots set correctly.  Remember, the lots for the 3 take profit targets must equal the entire lot size you used to place the order. For example, if you placed the order with 0.30 lots, the three target price levels must equal 0.30.

If you automatically see “reach” in the TP1 slot on the chart display, you should go into the settings again and make sure you have the lot sizes set correctly.  This can happen sometimes if you have the Troll on the chart from a previous trade, and then make another trade later with a different lot size.  So, just make sure you don’t see “reach” automatically after setting up the Troll, and if you do… recheck your settings.

If The Chart Display Immediately Say “Set” In The Three Move SLs Spots

This means you did not set a Stop Loss in Metatrader4. When you place your trade manually, you need to also set an initial stop loss. The Troll only can “move” a stop loss if you have one set to begin with.  So, if you immediately see “set” in all three spots on the Move SL display, go into your Metatrader4 and modify the order with a stop loss.  You will then see the numbers appear on the chart where the Troll will move your stop losses.

That’s basically it…

It is a good habit to check the on chart display after you set up the Forex Trading Troll on an open order. If you see anything that doesn’t look like the way you set it up, go back into the settings by RIGHT CLICKING on your chart, moving you cursor to “Expert Advisors” and then to “Properties”. This will take you back to the Troll settings where you can check the lot sizes and levels.