Important!
MAKE SURE YOU ARE NOT RUNNING THE
SAME MAGIC NUMBER ON TWO OR MORE
CHARTS! YOU MUST CHANGE IT SO EACH
CHART HAS ITS OWN UNIQUE MAGIC
NUMBER!
Supported currency pairs: EURGBP, USDCHF.
Recommended Timeframes: M15, M30
Recommended Brokers: InstaForex or FXopen
It will work on most currency pairs, however the above three have proven to show the most
success with the least amount of losses.
Forex Rising Settings Guide
The default settings will be good enough out of the box to get you by on most brokers. You may need
to do some minor tweaking here and there though.
Hour_Start_Trade = 20;
The hour you want Forex Rising to start looking for trades to open. You should be looking to trade
between the Asian session although you can find profits outside this timeframe although it’s a little
riskier.
Hour_Stop_Trade = 3;
The hour you want Forex Rising to stop looking for trades to open.
Broker Type = 1
This is for 4 and 5 digit accounts. Use ( 1 ) if there are 4 digits after comma in trade platform EUR/GBP;
use ( 10 ) if there are 5 digits after comma in trade platform EUR/GBP.
Lot Type = 1;
Use ( 1 ) if you can exploit micro lots (0.01 lots) in trade platform; use ( 10 ) if you can exploit mini lots
(0.1 lots) in trade platform.
GMT = 1
Compare trade platform time with GMT (http://wwp.greenwichmeantime.com/); If time in platform is 1
hour ahead, then we put (1 ); if time in platform is 2 hours behind GMT, then we put( -2 ).
MaxLots = 5
This will set the Max lot size Forex Rising will use with its money management system.
Risk_Percentage = 15
Allowable amount of one position in per cent depending on Account Free Margin. (One position will
open approximately with 15 % from free account margin). If your trades seem very small, you can try
raising this up to 30 or so.
TakeProfit = 10
Pretty straight forward here, all trades will start with a take profit setting of 10 pips.
Trailing_TakeProfit = 6
Trailing TakeProfit is a new unique feature that will modify open trades and lower their respective take
profit values down if it feels it may be too risky to try to go for that high of a take profit. So it will lower it
to whatever you set this as.
Recovery = 5
If volatility gets out of control with trades open, then this Recovery setting will start shrinking the stop
loss level to close the open trades with the lowest amount of loss possible.
StopLoss = 40
The amount of Pips you want the trades to close out at for losses. 40 is fair setting, but if you have a big
enough account, or you plan on running low risk, you can raise this as high as you want. I have some
customers running it as high as 200+
MaxSpread = 5
The max spread trades will open under. (Position will open only when spread will be less or equal to 5).
MaxOpenOTrades = 3
Max amount of trades you want open at the same time. There is no right or wrong setting here, just user
preference.
Trade_Frequency = 3
The lower this is, the more it will trade. The higher, the less frequently it will trade. 3 is a safe bet for at
least a few trades a day.
MAKE SURE YOU ARE NOT RUNNING THE
SAME MAGIC NUMBER ON TWO OR MORE
CHARTS! YOU MUST CHANGE IT SO EACH
CHART HAS ITS OWN UNIQUE MAGIC
NUMBER!
Supported currency pairs: EURGBP, USDCHF.
Recommended Timeframes: M15, M30
Recommended Brokers: InstaForex or FXopen
It will work on most currency pairs, however the above three have proven to show the most
success with the least amount of losses.
Forex Rising Settings Guide
The default settings will be good enough out of the box to get you by on most brokers. You may need
to do some minor tweaking here and there though.
Hour_Start_Trade = 20;
The hour you want Forex Rising to start looking for trades to open. You should be looking to trade
between the Asian session although you can find profits outside this timeframe although it’s a little
riskier.
Hour_Stop_Trade = 3;
The hour you want Forex Rising to stop looking for trades to open.
Broker Type = 1
This is for 4 and 5 digit accounts. Use ( 1 ) if there are 4 digits after comma in trade platform EUR/GBP;
use ( 10 ) if there are 5 digits after comma in trade platform EUR/GBP.
Lot Type = 1;
Use ( 1 ) if you can exploit micro lots (0.01 lots) in trade platform; use ( 10 ) if you can exploit mini lots
(0.1 lots) in trade platform.
GMT = 1
Compare trade platform time with GMT (http://wwp.greenwichmeantime.com/); If time in platform is 1
hour ahead, then we put (1 ); if time in platform is 2 hours behind GMT, then we put( -2 ).
MaxLots = 5
This will set the Max lot size Forex Rising will use with its money management system.
Risk_Percentage = 15
Allowable amount of one position in per cent depending on Account Free Margin. (One position will
open approximately with 15 % from free account margin). If your trades seem very small, you can try
raising this up to 30 or so.
TakeProfit = 10
Pretty straight forward here, all trades will start with a take profit setting of 10 pips.
Trailing_TakeProfit = 6
Trailing TakeProfit is a new unique feature that will modify open trades and lower their respective take
profit values down if it feels it may be too risky to try to go for that high of a take profit. So it will lower it
to whatever you set this as.
Recovery = 5
If volatility gets out of control with trades open, then this Recovery setting will start shrinking the stop
loss level to close the open trades with the lowest amount of loss possible.
StopLoss = 40
The amount of Pips you want the trades to close out at for losses. 40 is fair setting, but if you have a big
enough account, or you plan on running low risk, you can raise this as high as you want. I have some
customers running it as high as 200+
MaxSpread = 5
The max spread trades will open under. (Position will open only when spread will be less or equal to 5).
MaxOpenOTrades = 3
Max amount of trades you want open at the same time. There is no right or wrong setting here, just user
preference.
Trade_Frequency = 3
The lower this is, the more it will trade. The higher, the less frequently it will trade. 3 is a safe bet for at
least a few trades a day.
