Gold EA Setup

Alan Solosh here, the passive income guru in this video tutorial explains to you how to set up your gold robot.

Fantastic. Welcome back. It's now time to set up your gold robot. So let's get started. The first thing that you need to do is you need to log into your vpn, so please pause the video. Please log into your VPN. Now, once done, you can come back to this video and resume the video. So if you don't have the gold pair loaded, what you need to do is you need to right click in this window and then click on symbols. So please pause the video. Please go and do that step. Now, once done, you can come back to this video and resume the video. Now, sometimes these folders are open, so you need to close these these folders. And the gold pair is under metal, so you need to drop down this, the section here. And then if this is unchecked, then it won't be in this area. If it does have a yellow, if the icon is yellow, then your gold pair will be located in the market watch. So please pause the video. Please go and add your gold pair to the market watch. Now, once done, you can come back to this video and resume the video. And you can just close that window. Cool. So you can add the robot to the gray. Sorry, you can add the pair to the gray area by just right clicking and then say chart window. So please pause the video. Please go and do that step. Now, once done, you can come back to this video and resume the video. Now, this EA works on price action, so it'll open a trade when the price increases. It doesn't matter what time frame you're on. So now it's time to add the robot to the chart. So we're just going to.

As you know, there's two ways to add the robot. You can either drag the robot onto the chart, or you can right click and you can say attach to chart. So please pause the video. Please go and add your robot to the chart. Now, once done, you can come back to this video and resume the video. Right? So let's just reposition this window to the top over there. So left mouse click down, drag the window up, and then left click. Then wait. Hover your mouse over the horizontal line until your mouse turns into a parallel line with two arrows and then drag the.

Drag the window open. So please pause the video. Please go and do that step. Now, once done, you can come back to this video and resume the video. Right. So what you need to do is you need to enter in your License key over here. Your license key is your username for your VPN. It starts with a 543. Okay, so.

You can just check the email that I sent you originally with your license key for the best forex ea and in there it says their username, VPN username and that is the number that you will type in here. So mine is 543039 I think. 543059. Right. So we're just going to put that in there and please pause the video. Please go and find your username. Now once done, you can come back to this video and resume the video. Right. So I highly recommend, okay, so what you can do is you can actually mask a mouse mouse over the horizontal, the parallel line on the right hand side until your mouse turns into a horizontal line and then drag left mouse click down and drag the window open over to the right so that this.

You can see the writing over here. Now this is a very sophisticated piece of technology. In the beginning I recommend that you stick to the engineer setting or the settings that we've laid out for you over here. Don't change any settings for the moment now on the website. Let's go to the website now. So on the website under the other training, or rather below the, the, the video that you're on at the moment are the settings for the, the robot so that you can go through these, these settings. So here it's, there's an explanation on how to load it. If you don't want to watch the video, you can go through the text version.

And.

You can go through the various other settings over, over here. But we want to go through the, the understanding the EA settings. So if you want to know what the settings are of this robot, I put them here in, in step six. So you can just go through that. But for now just leave the settings as they are. Don't, don't change anything on, on your robot, okay? Also leave the lot sizes the way they are for the moment. I'm using a lot size of zero point.

Capital. So if my capital goes to zero goes to 1100, I then change my lot size to 1.1. Okay? It's very important that the lot started and your lot one are identical. Okay. And then there is a calculator which going to work out the other lot sizes per each level that is going to open. So currently this, the settings are doubled. So each trade is going to double in value when the next trade opens. So the first trade is going to open at 0.01 the second trade is going to open at 0.02. The next trade is going to double at 0.04. The next trade is going to Double at 0.08. Okay, now as you obviously increase these, these lot sizes, you need to then obviously increase these lot sizes. Now there's a lot size calculator for you.

On the training website. Let's go and show you that. So let's go and find that calculator for you. Here it is. Here is the lot size calculator. And then you can just download the lot size calculator and then follow this video to understand how to use the lot size calculator and then how to then enter the lots into your ea. Okay, so you would then put your preferred. So if you change this to 0.02, then your next lot size will be 0.04. So this will be 0.02. This will be 0.02. And then over here, this lot size two will be times two, which is 0.04. Your next one will be 0.08. So if you change your lot size to 0.1, then this will be 0.1 and your next lot size will be 0 point 2, 0 point 4, 0 point 8, and you'll carry on down until you have completed all the lot, all the lots up to lot 12. Okay. Be very careful not to over leverage and use the incorrect lot sizes with this robot or you could land up losing a portion of your capital. Okay. This is an amazing tool that can make you lots and lots of passive income if you use it correctly. If you use it incorrectly, you, you could lose a portion of your capital because you will hit an equity protection. And I've set the equity protection up at 30%. That is what I'm comfortable with. And it also allows, if the equity protection does get hit, then the robot will automatically hedge itself and place a trade to. It'll add up all the lot sizes. So if you've got a total value of 15 lot sizes as a sell, it will then place a buy for 15 lots and it will protect your account. The robot will be removed and it allows you to then discuss with me or discuss on the group what the next steps are, of which we have a tool to remove that hedge in a very easy and effective manner. So you don't have to worry about all that. Okay. So don't worry about it. Cool. So what we're going to do is we've now set up everything here and you can, you've put in your license key and you can click ok. And then what will happen is the information will then load onto the chart. Now, there is one more step to, to add to the, to the MetaTrader 4 platform. So let's get that going. So before I go any further, just pause the video, go and make sure that you've done all the settings and you've checked the calculator and you've chosen the correct lot size. I would reckon starting a lot size of 0.01. As a beginner, if you're a more experienced trader, then you can use a lot size of. I'm using a lot size of, as I said, a 0.1 per 1000 capital.

You know, I think in the beginning you need to actually see how the robot trades before you increase your lot sizes. So let it trade for a couple of days and then you can decide after you understand the risk, what lot sizes you would want to use. And go up slowly on your lot sizes, do it incrementally. So if it's a 0.01, go up to maybe a 0.03 or a 0.05, let it run for a couple of days, get into it, understand it, understand your remarks, understand other robot trades, ask questions on the telegram group, and then we can. And then you can ascertain what lot size that you want to use. Cool. So the next step that you want to do is you want to click on the tools and you want to click on options. So please pause the video. Please go and do those steps. Now, once done, you can come back to this video and resume the video. Right? So now in the section over here, you're going to enter a a URL. And what you're going to do is you're going to go back to the training website and, and it says here in step one, set up the news indicator. And over here in the third block, it says here, use Forex Factory. So you're going to copy it. So please pause the video. Go to the training website. Now go and find section setup 1, go to the third block, copy this, this over here. So please pause the video, go and do those steps. Now, once done, you can come back to this video and resume the video. Then you're going to go back to the VPN and you're going to paste Control V or Command V on a, on a Windows machine, your URL in that section. So please pause the video. Please go and do that step. Now, once done, you can come back to this video and resume the video. And then you've already set up these steps over here. So I wouldn't worry about changing anything. If you have changed it. Just make sure that yours looks the same as mine and only the one symbol is the one section is unchecked, the one check box is unchecked. Right? And then you can click on the ok, the OK button. So please pause the video, please go through that, Please go do those steps. Now once done you can come back to this video and resume the video.

Right. So you can actually see that this has already taken profit. There we go. There's the profit, there's the one over there. Very, very fast robot, very amazing robot. You're going to make lots and lots of money with this, with this robot. So I hope you enjoy it. Please take care with your lot sizes. Don't over leverage your account. This can be a very dangerous robot because of the trades doubling with, with each next trade that opens. So if you use the wrong lot size, your lot sizes can, can increase very, very rapidly because the.

The distance between each Trade is about 2 pips. So you need to be very, very careful. And then also please do not trade this robot during news events. So let's go back to the training website and let's go and just make this, just lower that. And then it says here, it's fold that up. And it says here times not to trade gold. Great. So these are the time, these are the, the news events that you do not trade gold. We do not trade gold during fomc which is.

Interest rates in America. We do not trade.

Gold during NFP which is non farmers payroll. So it's all payrolls, all those salaries in America X farm workers. We don't trade during CPI which is the consumer price index, which is inflation. We don't trade during GDP which is gross domestic product either and we don't trade during interest rates. So you need to take note of when not to trade gold. And how you do that is that you need to set up your, your, your phone which is the MYFX book on your phone. Cool. So let's go back to the vpn. So please pause the video. Please go back to your VPN now once done you can come back to this video and resume the video. Okay, so what you need to do is you need to save this preset. So what you can do is you can click on the smiley face. So please pause the video. Please click on the smiley face. Now once done you can come back to this video and resume the video. And then you can click on save and we can just put your gold 0.01, lots of size. And you can then click on the save button. So please pause the video, Please go and do those steps now. Once done, you can come back to this video and resume the video. Now before you hit okay, I highly recommend that you go back to the training website. Okay, So I apologize. The MYFX book will be. The video for MyFXBook will be under, in the section over here, probably step number nine. So on the training website, please go through this section six over here and understand the settings, the settings and the lot sizes of the ea. Please read through this. Please understand what each of the settings are before you change any of the settings. It's a very, very powerful robot. There's lots of wonderful functions to assist you to exponentially grow your account. So let's go back to the VPN and we've saved it and now you can click on the OK button. So please pause the video, go back to the VPN. Now click on the OK button and you can now start enjoying some passive income. So that's the end of this video. I hope you enjoyed it. I'm looking forward to seeing your testimonial videos on the Telegram group. And please follow the rest of the information on this video and I'll see you on the next videos. Before you go, if you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that, there's a couple of things that you need to do. You need to subscribe to my YouTube channel. And how you do that is you just mouse over the video that you're watching and in the bottom right hand corner of the video is a YouTube icon. Click that icon now. So please pause the video, go and do that step. Now, once done, you can come back to this video and resume the video. Now if you're not already logged into your Gmail account, then you'd need to log into your Gmail account. Now, below the video that you on YouTube there is a subscribe button. So what you do is you click on that subscribe button and then next to the subscribe button is a bell icon. You can click on the bell icon. So please pause the video, go and do those steps. Now once done, you can come back to this video and resume the video. The next thing that you do is you need to give a thumbs up. And then in the comments section, which is over here, you can leave a positive comment with together with your Bitcoin wallet address. Now you have to follow the steps exactly to be able to get that prize. So you need to subscribe, you need to hit the bell icon, you need to give a thumbs up, and you need to leave a positive comment with your Bitcoin wallet address. Only then are you entered into the competition and are legible to win a prize if chosen. So if you want to win 0.005 of a bitcoin, I highly recommend that you follow those steps and then you'll be eligible to win that prize. So good luck and I hope you win that prize. And if you do, remember to invest it in a passive income stream and I'll see you on the next.