FX UNIVERSITY TRAINING

CREATE VPS ACCOUNT; VIDEO: CLICK HERE

IN THIS LESSON: Learn how to order the proper VPS (Virtual Private Server) account; required to run your always on Windows PC in the cloud with Forex automation.

Once done with this lesson, move on to the next lesson to learn how to log into your VPS.

BONUS OFFER: (skip ahead of the next 10+ videos) for only $149 you can have everything custom setup for you; click here

IF you chose the 100% Done-For-You (DFY) setup option, you can simply forward the VPS setup email (containing IP address and password) to my email: terry@fxwithterry.com < and I will personally setup and optimize everything for you and you'll be up and running in hours instead of days without any complication.

Resources

ForexVPS.net

VIDEO: CLICK HERE

In this video you'll choose/setup your broker account and you'll also setup your demo trading account and pass that account info to me so I can plug that into your custom VPS server and MT4 setup.

HOW TO GIVE ME YOUR BROKER DEMO/LIVE ACCOUNT NUMBER:

Use the live chat box upper right and reply to my welcome message, with your demo/live account number; I will reply with the info you need as seen in upcoming videos.

Resources

Action items

NOTE: in the video I suggest to setup a $10,000 demo account, however let's discuss a few other options also.

1. setup a $100,000 account (max size) to give yourself more room to practice and change settings (trade more or less currency pairs or increase/decrease lot size / bid size). HOWEVER it is best to practice with the size of account you plan to have with live money.

2. choose a smaller "leverage" number when creating your demo account if you plan on trading with a proprietary forex trading firm (Prop Firm); most firms only provide 50-100 leverage; some as low as 10 so practicing with a 50 leverage will give you a better feel for margin % requirements (covered in the trade management section). HOWEVER if you are trading with your own money, a 500 leverage is what I suggest.

VIDEO: CLICK HERE

Once your VPS is setup properly, this video is how you log in using an Apple/Mac computer.

If you are on a Windows computer and you want to log into the VPS, see the link below for instructions.

Resources

Action items

Common login mistakes are:

1. accidentally adding a space at the beginning or end if you copy and paste username and/or password. Solution: manually type your username and/or password.
2. Not following the login example video specifically (skipping a step); Solution: slow down and focus.

VIDEO: CLICK HERE

Here we'll install the free MetaTrader4 software from your broker, login to your broker demo/live account and do some basic optimizations of the software.

*remember you should have setup/received a demo account at your broker (step #2) and that is the account number/password you'll use to log into your broker account feed inside of MT4.

You'll find the "Learn MT4" module helpful later on as you want to become familiar with the MT4 software - HOWEVER you do not need to learn every aspect of the MT4 software since you will most likely not want to do any manual trading - since we automate the process and make it easier.

Action items

Download MT4 from your broker (only use your brokers version, versions outside of your broker are not actually MT4 but rather version 5 which we do not use). Install MT4, login to your broker demo/live account and optimize MT4 for basic settings.

VIDEO: CLICK HERE

Learn how a VPS is optimized after setup for best operation and how to handle Windows updates so your VPS is not automatically reset during the week when automated trading is crucial.

Resources

Action items

CRITICAL: use the link above to view the "Group Policy" PDF, and follow the instructions, you are looking for the final step (choice 5) to say "download only" << EXTREMELY IMPORTANT.

VERY IMPORTANT: Do your Windows updates on the weekend when trading is halted.

VIDEO: CLICK HERE

In this video we'll cover the concept of installing MT4 and making it "portable" - meaning making MT4 install in one folder so it can be moved to an external drive, a USB stick, another computer, very easily. As is the MT4 installation by default does not allow this, and when you make MT4 portable you can take your account anywhere to any computer and run it easily.

Action items

Install a copy of MT4 portable, stay organized with your files and folders and launch in "administrator" mode from the root directory.

VIDEO: CLICK HERE

In this video I'll show some tactics to help you optimize an installation of MT4 assuming you want to run many of them at once on your VPS and not have them eat up too much memory or computer resources; MT4 by default takes up more computer resources than needed so here we'll cover the exact MT4 optimization tactics for a faster operating version of the software.

Action items

Optimize your own MT4 installation using my recommendations.

VIDEO: CLICK HERE

Learn how to monitor your MT4 Forex trading account on Apple iPhone iOS.

NOTE: as of now the MT4 app is no longer available; the USA has removed it from use due to relations with Russia.

VIDEO: CLICK HERE

Learn how to monitor your MT4 Forex trading account on your Google Android mobile device.

NOTE: as of now the MT4 app is no longer available; the USA has removed it from use due to relations with Russia.

VIDEO: CLICK HERE

Learn how to get specifically notified on your mobile MT4 device and app when a trade is entered into, modified or closed.

*Note: just because you are logged into your account on MT4 does not mean you will get trade notifications; this video will show you how to ensure you get notified. We cover both Apple iOS and Google Android versions.

NOTE: as of now the MT4 app is no longer available; the USA has removed it from use due to relations with Russia.

My friends at Trade ATS have put together a great course on what you need to know to operate MT4 Desktop efficiently; see the link below (register) the course is free.

Resources

VIDEO: CLICK HERE

If you are performing your own VPS / MT4 setup and installation or you want to add more MT4 installations to your VPS then this lesson will help you to install Metatrader 4 portable and also cover being organized with files and installing multiple versions.

VIDEO: CLICK HERE

It's important to be organized and know your demo or live account "leverage" and at times you may need to know the leverage long after you've created the account or to confirm your live/demo or even prop firm account leverage.

In this video I'll show you exactly how to do that and stay organized.

Action items

Practice doing this now so you have the skillset when you need it.

1: Workshop Overview: CLICK HERE
2: MT4 Overview/Goal
3: MT4 Chart Candle/Colors
4: MT4 The "RSI4" Indicator
5: MT4 Moving Average Indicators
6: Measuring PIP's & Lot Size
7: Trade Panel
8: Reading The RSI4 & Margin %
9: Reading The Moving Average(s)
10: Higher Time Frame Bias
11: Forex Market Hours
12: RSI4 Strategy
13: Trading With Stop/Take-Profit
14: Live RSI4 Trading [iPad]
15: Live RSI4 Trading [iPhone]
16: Live RSI4 Trading [VPS]

What is "Trade Recovery"?

Trade recovery techniques are used when you feel as if your trade has gone against you to a drawdown (potential loss) level that is not going to end up in profit so you make the command decision to recover the potential loss into a net profit.

In this section I'll show you both automated recovery and manual recovery and you can choose if and when this fits into your trading skillset arsenal.

Action items

Determine if/ when trade recovery is a skillset that could benefit you and then decide if automated or manual recover is the right path.

VIDEO: AW RECOVERY ROBOT

Here you'll learn how to use the leading recovery robot, which will recovery any trade from drawdown into profit - recommended for trading your own funds and not prop firm trading.

Note: when a currency pair is in "recovery" using this robot, you'll want to stop taking trades from the robot system on that particular currency pair.

Resources

Action items

Purchase and install this robot directly in the MT4 platform and practice recovering drawdown trades.

VIDEO: CLICK HERE

Here I'll discuss when to "visually" recover, in addition to having a drawdown trade you can look at the chart and make refined decisions on when and how to implement the AW Recovery bot.

Action items

Practice creating a visual MT4 chart as shown in the video and see if you can get a trade into drawdown (testing) and then set the recovery robot to recover based on doing only buys in and uptrend or only sells in a downtrend.

VIDEO: CLICK HERE

Here you'll learn how to manually recover a drawdown trade, without using any automation. This is a great skillset to have to trade with zero net losses.

Action items

Practice recovering trades that have went against you in drawdown, and manually recover into profit.