Forex Steam V10

Installation Manual and Success Guide

Forex Steam
Lifetime Membership
 Table of Contents
1. Cover
2. Contents
3. Broker Setup
4. Install MT4 or MT5 / VPS Setup
5. Registration
6. Zip File Extract
7. Copy / Paste Files / Installation
8. Authenticate
9. Authenticate
10. Authenticate
11. Final Steps
12. Light Version Inputs Explained
13. Normal Version Inputs Explained
14. Version 9 Light Version Inputs Explained (Parameters)
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BROKER SETUP

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 Before you can trade, you need to choose a Forex Broker. To make it easier on you we
have a recommended broker for this product, in FXOpen.

Click Here to Sign up now and get started.

For Forex Steam you can use either a live account trading real money or a demo account
and start trading fake money first to make sure you have everything set up properly. We
suggest you start with the demo first. People have had success recently with the ECN
account. Click open an account and follow the steps.

INSTALL MT4 PLATFORM

Here just click Next and then select your folder and click Next again.

INSTALL MT4 CONTINUED

Now you can open a demo account or if you already opened an account skip to the second
box and login to the account you already created.
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 Login Screen, continue to next page.

VPS SETUP

This step is not required but recommended. We use a Virtual Private Server to do all our
trading because the internet speeds are better and more reliable. This makes trades more
accurate and it means you don’t have to leave your computer on at all times.

 We changed to a cheaper solution recently.

 $8/month
 Windows KVM
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Click Here for Best VPS DEAL

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 Installation

When you first purchase Forex Steam you will receive an e-mail with a signup link to the
members area. If you have not received this check your junk mail immediately and sign up. I
show this entire installation process in video in the members area.

Next, go to the members area and download the latest version of Forex Steam.
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 Now you have the files, open the zip. You can just click and drag and drop the files.

Now start moving the files. The Forex Steam Light and Normal.ex4 files go into the
Metatrader 4 > Experts Folder (The light version is most preferred and recommended)
To get access to the necessary folders to place the software first OPEN your MT4.

Then Click FILE at the top left and Click Open Data Folder.
Then double click MQL4 and you will find all the necessary folders there.
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 Access MQL4 Folder

This install is the same for MT5, just says MQL5 instead of MQL4.
Now copy and paste or drag and drop the files from the Forex Steam Version 10 zip file.

Experts Folder
1. Forex Steam Normal M30 EURUSD V10 (Not a recommended version)
2. Forex Steam Light Risk M5 EURUSD V10 (MT4 & MT5)
Libraries Folder
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1. Misc.dll

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 Now you can open MT4. The next step is authentication.

When you signed up earlier to the members area you created a username. Now you will use
that username and your MT4 ID to authenticate.

Click here to go to the members area to authenticate

Scroll down all the way to the bottom and click authenticate.

Here you will need to enter your username and MT4 ID.

Authentication Page

Here you will enter the username you just created earlier.

If you did not receive the sign up email to register send [email protected] an email
immediately so we can get a you a new register link immediately. Just forward us your
order and ask for the link (usually goes to your junk mail).

Here is where you will find your Account ID.

Forex Steam

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 Click Submit and you are authenticated. Each Account ID counts for one license of the four
that you have. When you stop using an account we automatically remove the license and
reapply it to your account immediately.

ALLOW WEB REQUESTS:

Click Tools > Options

Allow DLL Imports

Allow Webrequest for listed URL
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Add URL http://www.forexsteam.com

(if you make any typo, missing www, putting https, or anything else, it won’t work – use
the exact url we have provided only)

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 The next step is putting Forex Steam on the chart and entering your username.

Click on the EA then Drag and Drop it onto the EURUSD CHART (this is the only pair
currently tested to trade our systems – we are working on other pairs)

This popup will come up and you should click the boxes we have clicked.
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 Next, leave this open and click the inputs tab, then enter your username. This is the same
process for the normal version.

Click OK (if you get access denied, take it off the chart and try authenticating again)
Next, set the timeframe and make sure expert advisors are green. The Light version is M5
the Normal Version is M30.
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The system is now set up. For the light version if it does not trade you will likely want to go
to Inputs and change the ECN setting to TRUE.

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 If you want to make sure you have no error messages, check your journal and experts tabs at
the bottom of MT4. If you have an issue the support team will likely ask for these photos so
having them ready is helpful.

The installation process is now complete. I will now go over the Inputs of the EA’s to help
you understand how they work.

Forex Steam Light Inputs Explained (Most Preferred Version)

Timeframe: M5
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Pair: EURUSD
Warnings:

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 Never run during holidays, any EUROPE or US holidays (we put updates on when there are
holidays in the members area).

Settings:
User
o This function is where you have to put your authenticated forex steam light username.

Magic
o This is the magic number you just have to change this if your are running on multiple
charts.

Lots
o If you are NOT using MM then you have to set your own lot size, you do it here.

MM
o If you are not getting trades, your broker may not be reacting well to our money
management function. Turn this off and set your Lots.

Risk
o This works alongside MM (Money Management). If MM is set to TRUE then the EA will
determine the risk percent according to the size of the account. You can set this.

Minlot/Maxlot
o No use changing this. Nobody will be trading more than 50 lots or less than .01.

ECN
o If you are using an ECN broker then this needs to be set to TRUE. Contact your broker
for further help.

MaxTrades/Tradesperbar
o If you want more than one trade open at a time then you can change this feature.
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o Can be modified change this to stop the trade at a certain amount of pips. If you want less
risk you can lower this

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 TakeProfit
o This will take profit at the pip amount set.

Retrace Exit
o If this is set to true then the EA will use the pipsretrace value to determine whether to pull
out of trades before they continue losing.

PipsRetrace
o This works with retrace exit. If the EA determines the current trade is on a losing trend it
will exit the trade at whatever this number is instead of hitting the stop loss. It is a fail safe
feature.

PipsStick
o Enables opportunity for later wins, bypassing the TP, is rarely ever used.

Forex Steam Normal Inputs Explained

Lotsize – This can be changed to make the trades bigger or smaller. Increase the lotsize for
larger trades & more risk.

Stoploss – If you are watching the EA and you feel you have a good understanding of when it
needs to pull out of a trade then you can set this to a certain # or manually exit a trade
yourself, this is safe!

Takeprofit – Along the same lines as the Stoploss, if you are comfortable with a higher or
lower value, you can change this.

MagicNumber – Just needs to be different for multiple charts.

Stealth – 1 on 2 off, it just changes the look of your trades, doesn’t impact actual
performance. Hides from brokers.

Format Speed – Highest is 1000, it works with the stoploss, you can lower this if you feel
Forex Steam

the trades aren’t exiting early enough for you. Lower in intervals in 100 for testing.

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 RiskRewardFragmentation – 1 on 2 off, we suggest you leave this on, it works with stoploss
takeprofit and lotsize to ensure that big trade exit points stay sharp and the trades don’t fall
back to breakeven.

That’s it for the guide, need more help check out our FAQ HERE.

Thanks again for becoming a member of Forex Steam, we look forward to talking with you
and having sustained success in the Forex Market as a team.

Version 10 Light Version Inputs Explained (turn off pips retrace if using break
even or trailing stop)

TradeOnMonday: true/false, set this to True if you want the EA to trade on Monday
Options Available for every day of the week. Some people prefer the EA doesn’t trade
Mondays.

enable_breakeven : true/false, options to enable/disable breakeven function

breakeven_at : number of pips profit that the breakeven triggers(for example, if you set
the breakeven at 8 pips, and the breakeven plus pips at 2, then the breakeven will trigger a
new stoploss when it hits 8 pips, and the new stoploss will be at 2 pips profit.)

breakeven_plus_pips : number of pips above/below open price for setting the stoploss
in the direction of the trade if breakeven is triggered.

enable_trailing_stop : true/false, options to enable/disable trailing stop function

trailing_stop_start : number of pips profit that the trailing stop start/activate/triggers.

trailing_stop : pips of trailing stop

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