1. Get to know your Trading platform.
First thing you need to do is become familiar with the MT4 trading platform, the world’s most popular, user-friendly trading platform. Most of it is fairly straightforward… easy to understand even for first-time users.
We’ve installed the robots on your charts to assist with the easy setup. All you need to do is hit the “AUTO-TRADE” button found on the top toolbar. AUTO-TRADE needs to be activated at all times in order for our robots to make trades. If disabled, they cannot do this. Be sure this button is on as it is turned off automatically if you switch your chart profile or trade accounts.
Before you get involved in the Live market, partake on a demo account. If you want to open a $10,000 live account, then you need to open a $10,000 demo account. You won’t have false expectations by doing it this way.
If you’d like to know more specifics about the MT4 platform, you can download the MT4 full user guide here.
2. Download the MT4 Mobile App
Once you’ve activated the robots on the Evestin VPS, we suggest you download the MT4 mobile app to your smartphone. This is a handy way in which to watch your trading account. Go to your App Store and download the MT4 mobile app. Log in to your trading account using the account number and password you were given by your broker.
You can even setup real time notifications sent directly to your smartphone when trading robots open/close trades. To learn how to do this READ THE INSTRUCTIONS ON MT4 WEBSITE HERE.
3. Get to know our trading robots
Don’t worry if you don’t see trades for several days. Unlike the majority of robots, our robots don’t make trades all the time. That’s because our robots are closely aligned with manual trading strategies that look for only high probability trades. We average one trade per day, although it’s not uncommon for no trades to be made in a complete week. It’s all dependent upon the market. For us, less is definitely more.
We use a portfolio of different and unique trading strategies that each has it's own strengths. Some with high Win rate, some with high Risk:Reward ratio. This approach lets us control the risk and limit the drawdowns, while at the same time ensuring consistent profits over months and years in any market phase. Trendy or range bound, rising or falling markets.
4. Understand the Risk.
Money and risk management is a critical part of our trading systems. In fact, this is one topic you should really understand if you’re going to invest in our trading robots. There’s no holy grail in trading, and there is the possibility of losing trades. Period.
Therefore, you must prepare yourself for this. All of our trades have a predefined STOP LOSS price that will kick in automatically if the trade doesn’t work like it was projected to.
Our robots calculate these Stop Loss levels automatically – the only thing you’ll need to do is set the account % risk on each trade based upon your risk tolerance:
- Conservative: 0.5% of your account per trade. (Max Drawdown expected: 5%)
- Average (default risk setting): 1% of your account per trade. (Max Drawdown expected: 10%)
- Aggressive: 2% of your account per trade. (Max Drawdown expected: 20%)
5. Think in probabilities and long-term success.
Don't use 30 day trading results to decide on your subscription as such a short time trading period is nothing but random.
Professional traders are not worried about the next trade winning or losing. What they care about is making money long term and grow their trading account over time. They want to maximize their profits by playing the mathematics – by thinking in probabilities.
We look at probabilities on a large trade sample sizes over 3 months, 1 year and 5 years. Statistics and probabilities show that over long term our trading robots have an edge over the market.
But just because we have an edge doesn't mean every month will be profitable. In fact there is 17% probability that any 30 Days of trading will be unprofitable. But the good news is that winning periods are much larger than losing periods. Our largest losing month was only -7% while largest winning month was a massive +16%
The market also tends to run in cycles, meaning that you should never expect linear performance from your trading robots. There are periods of stagnation, that can last for up to 3 months, often followed by sudden and strong moves in the market. This is where most of the profits are made. It's the way market shakes out all the impatient traders.
6. When you are ready.
In the last week of your trial, you have a good idea of how the robots are trading and how Evestin Forex works. This is when you need to consider opening your Live trading account with a Forex broker. Use our broker to assist you in this process, as it gives you peace of mind that you’ll get the same trades as us. Different brokers can have different prices, spreads and time zone settings, which gives you false signals. If you want the same trades as us, you need to use our brokers.
FOR CLIENTS IN UK (FCA Regulated In UK)
FOR CLIENTS IN EUROPE (MFSA Regulated In EU)
FOR CLIENTS IN UNITED STATES: (NFA regulated in US)
FOR ALL OTHER CLIENTS (ASIC regulated in Australia)
7. Enable Account-tracking
Once you've setup your Live account make sure you take advantage of our Account-tracking feature. Your account will be added to our user portfolio that our trading experts monitor daily. This feature will also allow you to track your account progress in great detail straight from a web browser.
Wishing you all the success in your trading,
Founder Of Evestin Forex