PLUTUS FOREX EXPERT ADVISOR

1. Installation.

 

 

Copy Plutus EA files into your MetaTrader directory where the ex4 file should be copied and place into the \experts subfolder of your MetaTrader directory.

You can change the magic number for each pair the EA is place, and leave other setting as default.

 

2. Set up MetaTrader 4 terminal.

 

To be able to trade with Plutus EA (or, indeed, with any Expert Advisor), you need to enable trading by Expert Advisors and allow dll calls in your MetaTrader terminal. Launch MetaTrader 4 terminal and click Tools > Options > Expert Advisors. Make sure you have checked and unchecked all boxes as shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Download & Activating Plutus EA

 

For trading on a demo or real account with Plutus EA, you need to activate your license. Send us an e-mail (to plutus4ea@gmail.com) with confirmation of the payment (the transaction / receipt number) and your account number. You will receive a zip file with Plutus EA inside within 24 hours from us. This EA works only on your account, and when it is place to pairs, it display status activated. You may change your trading account at any time in the future. Just send us another e-mail, is free of charges.

 

4. Starting Plutus EA

 

Open the chart of the currency pair (EURUSD, AUDUSD, or GBPUSD) you wish to trade. Select the 1-hour (H1) timeframe of the chosen pair. Now attach Plutus EA to the chart. In order to do this, find the Navigator window of the terminal and double-click the Expert Advisors folder to expand it. In the Expert Advisors folder, you should see Plutus EA. Now right-click Plutus EA and select "Attach to a Chart" or, alternatively, simply drag Plutus EA onto the chart and drop it. This opens a Property window with settings of Plutus EA. Check the settings. Click OK and Plutus EA will start trading!

 

5. Applying Plutus EA settings

 

No preset settings files are provided with Plutus EA as the default setting already optimal for use of the three currency pairs (EURUSD, GBPUSD and AUDUSD). However, you can change the start lot setting accordingly to your deposit.

 

6. What do I need to change in the preset settings for my deposit and broker?

 

You need to change only the starting lot size.

 

7. What is the recommended money management?

 

The minimal deposit to trade with Plutus EA is

Regular $ accounts with minimal lot 0.01 (=$1000) $10,000
Cent accounts with minimal lot 0.1 (=10,000 cents = $100) $1,000
Cent accounts with minimal lot 0.01 (=1,000 cents = $10) $100

 

If you are trading with the minimal deposit, you should set the starting lot to the minimal lot size, trade one currency pair only (best, EURUSD) and we recommend that you use one of the low-risk sets.

For optimal performance (profit/risk ratio), we recommend to use deposit of 15,000 or larger and trade simultaneously 3 currency pairs. A good choice for the currency pairs might be 1. EURUSD, 2. GBPUSD, and 3. AUDUSD with start lot size 0.05 for each pair.

 

The recommended safe starting lot size is 0.01 per each 10,000 of your deposit and one currency pair. E.g., if your deposit is $30,000 and you are trading 3 currency pairs, the starting lot size should be 0.01.

 

8. What are the recommended brokers?

 

Plutus EA is designed so that its works well on most brokers with low spread (max 2.0 pips during London & New York sessions). Generally, a high leverage (1:200 or higher) is preferable, as it reduces the margin load on your deposit. If your deposit is less than $10,000, you have to use a cent account, so you need to find a broker, which provide cent accounts.

 

Below we list several brokers with cent accounts.

 

Forex4you http://www.forex4you.com/

Roboforex http://www.roboforex.ru/

InstaForex http://www.instaforex.com/

FxChoice  https://myfxchoice.com/