Morpheus fx Solutions

http://morpheusfxsolutions.com

10yr Backtest EURUSD M15

10yr Backtest GBPUSD M15

TopBot Expert Advisor v1.0 User Manual

TopBot EA License Agreement

All contents of the TopBot EA web-resource and User Manual are neither an endorsement, nor a solicitation of any sort, and cannot be considered as a promotional offering. All information you receive is unsolicited, private encoded communications of privileged, proprietary, and confidential information for you only and by purchasing the given product you agree to keep this information private, confidential, and protected from any disclosure. You also agree to indemnify and hold harmless the authors of TopBot EA, their employees, contractors, and service providers. Should any of the practices described herein turn out to be unlawful in any jurisdiction, individuals pursuant to its legislation should restrain from any intentions or attempts to apply them in any manner, personally or in partnership with other individuals or entities. Unauthorized copying and distribution of all or parts of this product are strictly prohibited and will result in civil liability and criminal charges brought against the violators and their aides. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks be willing to accept them in order to invest in the futures and options markets. Don't trade money you can't afford to lose. This is neither a solicitation nor an offer to Buy/ Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system methodology is not necessarily indicative of future results. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you. As with all investments, you should not invest money that you cannot afford to lose. Before deciding to invest in foreign exchange, you must carefully consider your investment objectives, level of experience, and risk appetite. Additionally, you must be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor. Past results are not necessarily indicative of future success. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold TopBot EA and any authorized distributors of this information harmless in any and all ways. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

Introduction
Morpheus TopBot v1.0 (Non-Martingale)..Is OddBot On

Steroids !

TopBot is an intraday scalper that primarily utilizes the trade engine from the popular and successful OddBot Advisor and combines this with new filters and a Brand New Proportional Trailing Stop Engine. Automatic Stop Loss and proportional Trailing Stop. The new trailing stop engine shuts down trades quicker and allows TopBot to maximize Take Profit. The TopBot Expert Boost Profit in comparison to OddBot By up to 200% or more. The Robots Performance runs to a completely different outcome Hence the New Robot. The Proportional Trailing Settings can be set user defined to many situations which cause an effect on Take Profit and StopLoss . The Default settings are good to get you going..but please experiment as you wish. TopBot Performs well on Pairs EURUSD,GBPUSD and USDCHF M15 Timeframes. TopBot can be run alongside OddBot Or any other Robot.

The robot trades auto 24/5. Is compatible with all brokers and ECN. NFA Compatible Can be run run from smaller accounts from $500 ..although $1000 Recommended. Leverage 1:100 or Higher and low spreads less than 4 and ECN is best setup. The experts are protected and the License provided at purchase will be entered in settings.

Installation
The first step in this process is to download and install a MetaTrader 4 platform, and then add the EAs to individual M15 charts for your chosen currency EURUSD,GBPUSD or both with different Magic Numbers. (TopBot Expert ex4 to Metatrader\expert folder Libray File (DLL)to Metatrader\expert\library folder Indicator File (FFCAL) to Metatrader\expert\indicator folder

See Pictures at end of manual. . For more information on Metatrader setup ..Install Experts..use this video link: http://www.youtube.com/watch?v=IX-CQfz2GUA

Parameters
Time Filter Settings: Gmtshift This is the time difference from your BROKER TIME against GMT TIME Eg/ if your market watch window(broker time) says 1.00 am And it is currently 00.00 gmt (midnite) then the value would be +1 Because your broker is one hour ahead of gmt time. TimeFilter =True/Fasle This enables/disables the Time Filter for you to adjust trading times thru the week. Default = 0-24 hrs Trade Sunday= true/false ..allows/stops orders to be open on start of market session Sunday night. Friday filter=true/falseallows/.stops opening orders after this time to avoid open orders over the weekend gapDefault 19 gmt. NewsFilter Settings: UseNewsFilter = True/False enables/disables newsfilter

Leave start/end news filter as 0-24=default MinsUntil/After news is the time in mins the newsfilter will take the action user defined Best to close profitable trades only High-medium-low..impact 1=takes action on all news impacts ratings 2=takes action on medium and high only impact 3=takes action on high only impact Best to leave Newsfilter settings as default..not need to adjust..done for you Take Profit = Profit taken in pips Stoploss = Stoploss taken in pips..this is the maximum value..although oddbot will try and close Much earlier upon market retraction. VisableMode = True/Falsethis shows or hides TP and SL values to broker SecureProfit = amount in pips for minimal TP..The profit Trigger is set internally from a movement past 10 pips from open order. You can adjust this from 1-3 pips depending on your broker. FixedLot = This is user defined fixed lot size of open orders. AutoMM = If 0 then it is disabled and fixed lot size is used. If 1 then 1% risk of free margin/account equity is applied to lot size using auto-money management

Eg.1000 account AutoMM=1=1%=0.01 Lot We find AutoMM=5.0 = 5% RISK is safe to use on both pairs. MagicNumber = user defined unique expert orders identifier. You must set this number so that it is different for different pairs trading. Eg/EURUSD could be 123use any number. GBPUSD could be 1234 as long as they are different. MaxSpread = maximum permissible spread broker defined for suitable trading.

Slippage = maximum permissible slippage..requotes for suitable trading Maximum Trades = is user defined number of trades allowed at any one time for that particular expert advisor only. Proportional Trailing Stop Engine: This is a vital part of the trading System and handles Automatic Stop Loss and proportional Trailing Stop. Designed to close out trades early upon market reversal and Increase Take Profit. You can see the originator comments here: http://codebase.mql4.com/6057

Proportional Trailing Stop Engine Settings: nTrailingStop [pips] - initial trailing stop. It will be used until your trade will reach profit = nPropSLThreshold. nPropSLThreshold [pips] - after reaching this profit proportional trailing stop will be used extern double dPropSLRatio=0.35; dPropSLRatio [decimal] - multiplying factor ( PropSL = Profit * dPropSLRatio - Spread ) extern int nUseEscape=0; nEscapeTP [pips] - take profit level in pips The Proportional engine will modify your default SL and TP settings Reducing the Overall Loss given a sudden market reversal.

You can find more information and backtest results and presets from our website and forum http://morpheusfxsolutions.com http://morpheusfxsolutions.com/forum-morpheusfx/ Notes:

Not trading?make sure you adjust max spread accordingly Best to use default settings on EURUSD/GBPUSD Only adjust gmt shift and magic numbers and set AutoMM=5.0 Backtesting can only run with News Filter disabled.