X DOUBLER
How To Install With Authentication Key
You only need Authentication Key And The EA:
1. Open Data Folder From Your Terminal
2. Open The MQL4 Folder:
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3. Open The Expert Folder:
4. Finally Copy The EA Into The Folder
The Next Thing You Need Is Restart Your MT4 Platform
Now we need to authenticate the EA to work:
If you have done everything perfectly;
You will see this:
Now let us talk about the settings:
TypeA: If set to TRUE it means once Xdoubler enter for a trade during a trending
trade, it will continue placing trade in that direction until the trend changes. For
example let say Xdoubler entered for buy once the trade is closed in profit.
Xdoubler will wait again for another buy trade signal and enter again and once the
trade is closed in profit, Xdoubler will go for another buy trade once there is a
signal. That is the reason if you want to make money fast you will set TypeA trade
to TRUE.
Note: What most traders forget is that the trend is your friend until it stab you at
your back. So if you are going to set TYPEA to true. Your account may get burnt
anytime, if you don’t set up your Entry Lot size and Attempt very well. Because you
are trading aggresively.
TypeB: If you set TypeA to FALSE it means you want Xdoubler to enter a trade
just once when the market is trending. For example if the first order is buy,
Xdoubler will enter for buy and once closed in profit, it will never enter for buy
again. Now it will be waiting for only sell signal to come in before it places trade.
And once Sell signal comes in, Xdoubler will sell again and once it is closed in
profit, Xdoubler wont enter for sell trade again. It will be waiting for buy signal.
Note: This type of settings is what I will refer to as: “make your pips and watch”.
Because you are not going to get stabed like the TYPEA settings, because when
TYPEA is trading everytime, TypeB settings will be watching waiting for the trend
to turn before it goes in again. This type of settings does not make you more pips
but it will keep you safe. The trick I use is to use this type of settings on many pairs
since Xdoubler can work on any pair. Please be careful so that you wont expose
your account too much to trading.
StopAttempt
This is very essential in both manual trading and auto trading. You and I are not
God to know when the market will move towards our direction. We don’t know if
the market will retrace down before going up or retrace up before moving down.
That is the reason this element is coded into Xdoubler.
For example If you want to use 0.05 lot size on a particular trade. Instead of
inputing 0.05 into EntryLot, You can split the lot sizes like this:
Let’s do the math:
EntryLot+Attempt2+Attempt3 will give 0.05 lot size.
So how do we tell the Xdoubler that once price touches Attempt 4, you want it to
close all trades.
Just Add 3 to Attempt3, that will give 6.
That is the reason I set 6 in the StopAttempt input.
So you will always add 3 to any attempt number to get the StopAttempt input.
So my advice is to set the next Attempt you don’t need to a very lower lotsize so
that you wont be affected with little loss of the spread while Xdoubler is closing all
the trades. In this example Attempt 4 is set to 0.01.
Let me talk about another example so that you can understand..
Let Azzume you want to risk 0.1 on everytrade. You can split your lots like this.
Let’s do the math
EntryLot+Attempt2+Attempt3+Attempt4+Attempt5 will give 0.1 lotsize.
So how do we tell the Xdoubler that once price touches Attempt 6, you want it to
close all trades.
Just Add 3 to Attempt5 that will give 8.
That is the reason I set 8 in the StopAttempt input. I hope you get it now!
Note: If your Attempt get to number 15, which means your StopAttempt is 18.
(3 + Attempt 15). Do not worry. Xdoubler as been coded to set Attempt 16 lotsize
to 0.01.
Now Let’s talk about DollarAmount
This is the number of dollar amount you want to target per trade.. If you set it to
25, it means once Xdoubler calculates open trades and it is equal to $25 it will
close trades.
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So if you set it to 1, it means once Xdoubler calculates open trades and it is equal
to $1 it will close trades.
Note: Attach Xdoubler to either 1 hour or 4 hours time frame.
It will work the same.
Xdoubler can be used on any pair too.
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