Dr. Chuckie's Trading Tools

v2bot. Live trade results.


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V2Bot Best Practice



After you purchase V2Bot, it is a good idea to open a clean $10,000 Demo Mini Account to practice with and to get familiar with the Strategy features and behavior. This way you will know what to expect and how to best operate with this EA to earn the profits.

Next step is to read the Documentation page and install the EA files according to it.

Important: Some Brokers use the additional letter "m" at the end of the Pair name to designate a Mini Account, and some do not do this. In my examples I'm using this "m" notation, but you won't need it if your Mini Account charts are named without "m" at the end. In that case, use regular names.

When the files are installed, we're ready for the flight! First, create 4 30-minutes charts for these Pairs:
EURUSDm
GBPUSDm
USDCADm
USDJPYm

Now go to the Navigator window and drag the V2B-EA from Expert Advisors to each chart, leaving all Input parameters with their default values, except OppositeSymbol1 and OppositeSymbol2, as they should be different for each chart:

For EURUSDm and GBPUSDm charts these Inputs should be:
OppositeSymbol1 = "USDCADm"
OppositeSymbol2 = "USDJPYm"

For USDCADm and USDJPYm charts:
OppositeSymbol1 = "GBPUSDm"
OppositeSymbol2 = "EURUSDm"

OK, now we're done! Just sit and wait for the system to go to the market and watch how the positions will be performing. Usually, there are several (2 to 10) trades per one 24-hour session, so you might need to wait.

Important: The FX Market is very vulnerable to the news. So I strongly recommend to turn the system off before the expected major news anouncements like Unemployment claims or Interest rate change. If you have some positions open by that time, manually move the stops to the minimum possible loss or, if the position is already profitable, just close it. This will help you to avoid sudden losses brought by unpredictable behavior of the Market during such events.