My FXBook | The Best Forex EA Bot

Alan Solar here, the passive income guru. And this video tutorial is about learning about your statistics of your trading and how to get your statistics on MyFXbook.

Right, so what you need to do is you need to go to a website called myfxbook.com so please pause the video, go to that website now. And above this video on my website, on my training website is the link to myfxbook.com and if you're watching this on YouTube then check the comment section.

The link will be there as well.

So once you get to that website, go and register and create an account for yourself. You'll probably get an email where you'll need to click that link to register or your email. Go and set up your profile. Once you've logged into your account you can just go here and click on Edit Profile and just fill in all the details of if you want to. It's not necessary. There's no KYC documents or FIKA documents that you need to supply with this website so you don't have to worry about that. Okay so what we're going to do now is we're going to connect our MT4, our FPS account, our Trader account to MyFXBook so that you can start getting some statistics which they give you. Fabulous, fabulous statistics. Okay so the first thing you need to do is you need to click on Portfolio or over here there's a mouse, there's a drop down menu. So don't click it, just mouse over it and then it'll say Add Account. Okay so go and click on Add Account. So please pause the video, go to Portfolio. Drop the menu down and go and click on Add Account. Now once done you can come back to this video.

Resume the video.

So I'm going to re add this, this account over here. So I'm just going to delete it and I'm going to re edit. Okay so you'll have nothing here. These are the different accounts that I'm that I'm monitoring. So in the bottom right hand corner it says Add Account to click on Add Account. So please pause the video. Please click on Add Account. Now once done you can come back.

To this video and resume the video.

Drop down this menu and click on MT4 auto update. So please pause the video. Go and do that step. Now once done you can come back.

To this video and resume the video.

Right, so over here you would paste your FPS or your trader account. So I'm going to be adding my 4033 account. It's a demo account. So I'm going to be adding this one. Okay, so if you don't know your trader password, you'll need to go and change your trader password, which means that you'll need to set up your MT4 again. I'm going to show you in this video exactly how to do that.

If you don't have those credentials, if.

You do have your trader password, then you can basically just go back to here and or your investor password and you can put in your investor password over here your account number and your account name. So I'm going to call this 1k sent account.

Medium, medium risk. You can call your account whatever you want. And over here you can drop this menu down and Type in here FPS, I.e. the broker that we using. If you're using another broker then put.

In the broker that you're using.

So please pause the video, go and do that step. Now once done you can come back.

To this video and resume the video.

So over here it's asking you what the server is. So I'm going to just change my, I'm going to create a new password, right? So I'm going to generate a new password.

And that's going to give me my new trader password, okay? Which means that if you are trading then you will be logged out of MT4. As you can see in the bottom right hand corner now it says the invalid account, okay? So you'd need to copy that password, okay? And then go back to your VP, to your VPs and enter your new password over there in case you didn't have it. So let's just drop that down, let's go to that account and let's paste in the new password and let's say login, okay? So in the bottom right hand corner there you'll see that.

Now it's connected again.

Okay, now the reason I want to do that is because I need to create a new.

Investor password which.

MyFXBook is going to give me. Okay? So over here.

We'Re going to put the account number. So this will be that, your FPS account number. So copy that and paste that in there so you can pause the video. Go and do that step. Now once done, you can come back.

To this video and resume the video.

Now with the investor password, okay, you'd need to create an investor password if you haven't already created it.

So let's go and do that now on the VPs. Okay, so now we've got the, we've got the main password and we want to now create A an investor password. So click on Tools and click on Options. Please pause the video. Please go and do that step now and once done, you can come back.

To this video and resume the video.

Okay, so over here it says here change. So click on Change and then you'll copy the password that you got from FPS, which is this password here. That is the main password. Okay, so please pause the video, go and put in your. Your password. Now go and get that password and you can copy it and then paste it into the section over here. So please pause the video, go and do that step. Now go and paste in your master password. Now once done, you can come back.

To this video and resume the video.

So in the next section what you want to do is you want to click on this little icon over here where it says change investor password and you want to create an investor password for yourself. So call it anything. I like to just call mine Alanbot 1, 2, 3, 4, 5 and then Allen bot 1, 2, 3, 4,.5 and then click OK. OK, so please pause the video, go do that step. Now once done, you can come back.

To this video and resume the video.

Please remember that. Now once you've done this, okay, your, your.

You've.

You've changed your password over here. Your bot is switched off. And as you can see here, you're not trading. So you need to click that button again and make sure that it's green and you've got happy faces and you're trading again. If you have changed your password, okay, if you haven't changed your password, then don't worry about it.

That's that you can just ignore this thing.

Okay, so now we have created a password. We're going to call it ellenbot 1 2, 3, 4, 5 and we're going to create the account. Okay, so please pause the video. Go do that step. Now once done, you can come back.

To this video and resume the video.

So it takes a bit of time for your account to be created. It's crunching the numbers and doing what it has to do. Takes about 30 seconds to a minute and it'll take you to the next screen when it's done. And there we go. So cannot connect your account. So that's because my server is incorrect. I didn't change my server. So we need to check the server and FPS demo. So let's go back to here and.

Let'S click on Demo, FPS Demo and then we can click on Create.

So if you've made a mistake there, just go and rectify your Error. And once done, you can come back.

To this video and resume the video.

Right? So now the account has been created and processed successfully. So what we want to do is we want to click on the privacy settings over here, okay? So please pause the video, go and do that step. Now, once done, you can come back.

To this video and resume the video.

Okay, so over here it's saying that you need an authorization password. So you need to click on this authorization password. You need to copy this password. So please pause the video, go and copy that password. Now, once done, you can come back.

To this video and resume the video.

So once you've copied that password, you need to go back to your, your VPs, okay? And you need to change your investor password again. Okay, so we're going to change the investor password. We're going to change it over here. We're going to paste that password that we've just copied as the investor password, not the master password. Okay? But you need your master password to be able to change your, your, your, your investor password. So go, go back and go and get your master password. Okay, paste in the investor password that you got from MyFXBook and then you can click on. OK, 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, for your results to be authorized on MyFXbook properly, you need to create a trade. So I just use ej. So you just double click on ej. So please pause the video. Please, please go and click on ej. Pause the video, go and click on ej. Once you've done that, you can come back to the step and to this.

Video and resume the video.

So what we want to do is we want to just create a trade, but make sure that the trade is a 0.01 and not a big trade, okay? Especially on a live account, you don't want to be losing money here. You want to be losing just a little, a few cents just to get your account authorized. It's going to cost you a couple of US cents, so don't worry about it. And then in the comment section, you need to paste that password, not that password. You need to paste the password that you got from MyFXbook, which is this password over here. So go back to MyFXbook, go and copy that password. Go. Please pause the video, go and copy the password. Now, once done, you can come back.

To this video and resume the video.

Then you go back to your VPs and you paste this password in Here, make sure that it's correct. Still didn't copy. So because I'm on an Apple and I'm copying to Windows. So we're gonna do that step again and we're gonna paste it. There it is. That's correct. So it starts with an Al, ends with the Y8. So let's check it Al Y8 it is correct. And then we can just click on buy. So please pause the video, go and buy that. That to go and do that transaction now on your VPs. Once done, you can come back to.

This video and resume the video.

So as you can see at the bottom here, here is that transaction that we created. It's the 0.01 and we're only using like.1 2.0012 of a cent. So it's nothing really to worry about. So over here we want to update the password. So you want to click on update password and you want to paste this password over here in the section over here. So please pause the video, go and do that step. Now once done, you this video, resume.

The video and click on save.

So we've clicked on save and now we want to click on Connect. So go and click on Connect. 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 you must do this in the exact sequence that I've done. Otherwise you'll have to redo this whole setup all over again. Okay, so what it's doing now, it's now taking all the information, okay, the trades from your, your VPs from MT4, okay? And it is now crunching numbers and, and transferring everything to your profile on MyFXbook. Okay? So there you can see it's crunching numbers. It takes about a minute to do. And once that's complete, we'll go on.

To the next step.

Right? So sometimes you do get a general error. So just click on the connect button again. And it says here the account is successfully connected, which is great. Okay, so now what we want to do is we want to go to that account that we've just created. Okay? So you'll have to refresh the page because there'll probably be nothing here. So just click on Ctrl R or just click over here. There'll be a.

Little refresh button. Just find the refresh button and refresh your page. As you can see here, it says here that it is active, okay?

That it has loaded.

So we want to go to that one case center count with medium risk that we just created. I don't know what you called yours, but go and click on it. And as you can see, there are two ticks over here and that's what you want. If you've got one tick here, it means that you've done it incorrectly and you have not done this trade on, on on your VPs. Now that you've done the trade and you've got your two ticks, you can go back to your VPS and you can close out the this trade. So just click on the X and that trade will close. You don't need it. It was just there for MyFXbook to verify that you that you are the account holder. Okay, but you remember that you changed the investor password. So you'll need to now change the investor password back. Otherwise you won't be able to connect to your MT4 on your phone. So we're going to do that now. So let's click on Tools and we click on Options and.

What we want to do is we want to change the password, okay? And we want to change the investor password. So we're going to go back over here. We're going to go and get this password that we got from FPS. This is your master password so as to be able to change your password. So we're going to paste that password in there. So please go and find your investor password. Your master password. Okay, sorry, it's your trader password is your master password. Go and paste your trader master password in there. Click on investor password. And now you can create your, your investor password. We call it Alanbot 1, 2, 3, 4, 5. That's what I call mine. I don't know what you call yours and bot. 1, 2, 3, 4, 5. And then we're going to click on OK. And then we're going to Click on OK. Okay, now that you've changed your master password on here, you'll be able to log in with your phone again. So nothing's changed there, which is great. But you need to go back to MyFXBook and you need to go back and you need to click on Add account. So please pause the video, go back to MyFXBook. Go click on Add account. Now, once done, you can come back.

To this video and resume the video.

Now what we want to do is we want to click on the edit button. So please pause the video go and click on the edit button. Now click on. Once done, you can come back to.

This video and resume the video.

And you want to update your password to the new password. Allenbot 1, 2, 3, 4, 5. And you want to click on save. So please pause the video, go and do that step. Now. Once done, you can come back to.

This video and resume the video.

Then you want to click on connect because we've changed the, the investor password back to its to what we want our password to be. We don't want the password, the investor password to be the investor password that, that my FX book gave us. We want to use the password, our own password. Okay, so it says here that it's automatically done. We're going to go and check that. Now we're going to go to our accounts or mouse over portfolio. Let's go to the account that you created. So please pause the video, go and do that step. Now. Once done, you can, can come back.

To the video and resume the video.

So as you can see here, it is connected. It can. It says here that it updated five minutes ago and you've still got your two ticks. Okay. Which is great. So now you have set up.

Your account on MyFXbook. You can go and see the statistics and you can, there's lots of things that you can do here. You're not gonna break anything. So you can go and click on the, this, the tabs over here go and see the balance and the profit and the drawdown. You've got tabs over here, you've got summary and you can just go and see a whole lot of information about.

Your account, which is really, really interesting.

Okay. I like the, the way it looks on the phone. So I'm going to bring up the phone now and show you what it.

Looks like on the phone.

So there's an application that you can download to your phone, which I highly recommend. So if you're on an Android phone, go to the Google Play Store and if you're on an Apple phone, go to the App Store and, and let's do that now. So let's go and find it. There's the App Store. We open the App Store and in the bottom right hand corner there is a search button. You click on the search button. This is on an Apple phone. I'm not sure where it is on an, on an Android phone.

You need to just go and play.

Around there and go and find it. So we're going to put there my FX.

MYFX book. Just open it up and.

If you haven't downloaded, it'll be a cloud there. It'll say download or install. It should be a cloud.

There it is. It's a cloud like that.

So you'll just click on the cloud and you'll download that to your, to your phone and wait for it to download. Once you've downloaded it, go find it on your phone. As you can see, that's the icon over there. It says MyFXBook and you can go.

And click on it and open it.

Okay, so go do that step now. Go and install MyFXbook application on your phone. Once done, you can come back to.

This video and resume the video.

So in the top right hand corner there is a little.

There'S three lines and.

Mine says log out because I've already logged in. So you'll look for a place where it says login. You'll need to log in and then you can follow along. Okay, so go and log in now. It'll be your email plus the password that you used on your MyFXbook profile on, when you signed up on, on the, on the website. Okay? Those are the credentials that you will use. You'll use your email address and the password that you use to create your MyFXbook account on the, on the Internet. Okay, so over here where it says here. So in the top right hand corner you, there are three little lines. Okay, so you click on the three lines and then you'll get the different options available to you. The calculator, the calendar basically tells you what's happening for the day. The announcements. Okay, very interesting to note. When, when there are announcements, red is, I've only got red indicated here. I don't want to know about the other.

Announcements. They don't really impact us. Where it's got this over here, that means that it's a very high impact. And that's the next one. Okay, so just click on the three lines and it says their portfolio. And these are the different portfolios that it has. My phone has synced with MyFXBook.com okay. And the one that we did earlier was the one case sent account. So I'm going to click on the one Case cent account and it gives you a very, very clean look and feel of exactly what's happening with your account. So with this account, it's 3 weeks old, started on the June 11th and it's today's the 26th of June and my gain in profit has been 25.32% and my daily is 1.42 and gives you lots and lots of different statistics. At the top there it says their trades. You can click on trades. It tells you exactly what trades are open at the moment. And if there are Any orders, if you've placed any orders, if you're doing manual trading, which you're not doing manual trading, so you don't have to worry about that. And then there's history and it tells you exactly, gives you the history of.

Exactly what's going on with your account.

But if you click on the stats, it gives you a really clean.

Clean picture and pictorial of exactly what's happening.

With your account, which I really, really like. And gives you your total profit, which is great.

So I hope that you found this video interesting and useful and you know, just use it, go and check it out. There's lots of things that you can use that you'll be that you can use on, on MyFXBook, which is if you go back to the three lines, it's actually got calculators. So it's different types of calculators. Go and play around with it and go learn a little bit about my FX book and how it can benefit you. Cool. So I hope you enjoyed this video. I hope it was useful to you. If you did like this video, please mouse over the video. In the top right left hand corner of the video, there's a YouTube sign. Click on the YouTube sign. It'll take you to my channel on YouTube. If you're really on YouTube. Below the video on YouTube, there's a red subscribe button. Click on the subscribe button. Also next to the subscribe button is a little bell icon. Click on the bell icon. That way you'll get notified when I come out with new videos and I come out with videos all the time. And you need to be in the know of like what's happening in the passive income world. Below that is the thumbs up icon. Click on the thumbs up icon and if you'd like to earn some free bitcoin comment in the comment section, leave a positive some positive feedback as well as your bitcoin wallet address. Because I give away 0.005 of a Bitcoin every single Friday and you could be the lucky winner of that price. Okay, good luck for that and I'll see you on the next video.