Owner’s Manual – Version 2015
TRANSLATIONS TO ANY LANGUAGE:
http://smartfxtechnology.com/information/manuals/
Welcome to the Master Scalper, a Smart Technology trading robot, developed for use
with the Metatrader 4 platform.
We will guide you thru its installation and give you a basic education of its trading
philosophy, so hopefully you will enjoy years of successful Forex trading.
Please refer to our Quick-Start Guide, for simplified setup instructions to get you up and
trading.
Master Scalper is a completely automatic, self-controlled trading system, which will
select its own trading hours and scans market conditions for opportunities to enter
trades in which there are greater probabilities of success to achieve long term profits.
Please read the following before installing this software.
IMPORTANT RISK DISCLOSURE
Notice and Terms of Use:
Trading off-exchange foreign currencies is a challenging and potentially profitable
opportunity for educated and experienced investors. However, before deciding to
participate in the Forex market, you should carefully consider your investment
objectives, level of experience and risk appetite. Most importantly, do not invest money
you cannot afford to lose.
Trading currencies in the FOREX (foreign exchange) market is not for everyone as it
involves substantial risk, including, but not limited to leverage, limited regulatory
protection and market volatility that may substantially affect the price, or liquidity of a
currency or currency pair.
More over, the leveraged nature of Forex trading means that any market movement will
have an equally proportional effect on your deposited funds. This may work against you
as well as for you. The possibility exists that you could sustain a total loss of initial
margin funds. To manage exposure, employ risk-reducing strategies such as 'stop-loss'
or 'limit' orders.
There are risks associated with utilizing an Internet-based trading system including, but
not limited to, the failure of hardware, software, and Internet connection. Smart FX
Technology is not responsible for communication failures or delays when trading via the
Internet.
All trading systems and methods, including this one, involve the likelihood of periodic
reduction of capital, even on winning trades.
For this reason anyone trading systems offered here must be prepared to adequately
fund his/her trading account to avoid having enforced losses due to broker trade
execution resulting from insufficient margin funding.
In purchasing or using the Master Scalper Expert Advisor you agree that any and all use
of it, is solely at your own risk and without any recourse whatsoever to the seller, seller’s
associates, subsidiaries, agents or partners. You understand that you are using the
Master Scalper Expert Advisor entirely at your own risk.
By purchasing or using the Master Scalper Expert Advisor you are not being offered or
given financial advice of any kind. In trading currencies in the FOREX market people
can and often do lose money. Past performance is neither an indication of, nor a
guarantee of future performance of any system or method as markets can change.
While the accuracy of the performance reports posted by us is guaranteed, no
guarantee is or can be given that any system or method will continue to perform
similarly in the future. If you have any doubts about trading currencies using the Master
Scalper Expert Advisor, you should first consult your own financial advisor.
Hypothetical or simulated performance results have certain inherent limitations. Unlike
an actual performance record, simulated results do not represent actual trading.
Further, since the trades have not actually been executed, the results may have under
compensated or overcompensated for the impact, if any, of certain market factors, such
as lack of liquidity.
The News Filter is added as a convenience to traders. It depends on the calendar of the
Forex Factory for its information. You can turn this filter On, or Off, by setting
CheckNews=True or CheckNews =False in the first line of the inputs tab of the EA.
Users assume full responsibility for the effects of the filter on actual trading.
We cannot guarantee that reports will actually be released at the expected times, nor
whether they will be “leaked” to the markets. Neither Smart Fx Technology nor the
Forex Factory assume any responsibility whatsoever for the results of the use of this
feature.
Although we have tested it thoroughly and use it ourselves in our own trading, it is a
convenience that traders may choose to use at their own risk.
The VIX Filter is added as a convenience to traders. You can turn this filter On, or Off,
by setting VIXFilter=True or VIXFilter =False in the first line of the inputs tab of the EA.
Users assume full responsibility for the effects of the filter on actual trading.
We cannot guarantee that the outcome of actual trading will be more or less successful
when this filter is used. Smart Fx Technology does not assume any responsibility
whatsoever for the results of the use of this feature.
Although we have tested it thoroughly and use it ourselves in our own trading, it is a
convenience that traders may choose to use at their own risk.
Registration, Terms of use, Installation:
The Master Scalper is very easy to register and install.
Just unzip the file and you will find the following:
- Read me First: This file will guide you thru the installation and contains your
registration code and password – the code and password were also e-mailed to
you separately.
- Owner’s Manual
- Setup file: This automated setup file will install each file in the correct directory of
your MT4 platform, automatically.
Please note: BEFORE you use the Setup file you need to have your MT4 platform
installed in your computer, so the robot files can be placed in it.
If you already have a Metatrader platform ready to go please forward to “Installation of
the Master Scalper Expert Advisor”.
License: This software is licensed to you for its use in one computer or one VPS.
Installation of the Metatrader 4 Platform:
MetaTrader 4 application is the most popular platform in the Forex Market. Brokers
worldwide support it.
Installation of Meta Trader 4:
1) Download the MetaTrader 4 from your broker.
2) Run the mt4setup.exe the way you launch any Windows program.
3) Proceed along the installation menu, select your language, read the License
Agreement, and select the Data Path. Please write this down, as it will be used when
installing the Master Scalper Expert Advisor.