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Ver 2.5 - Updated 14/02/2024
Set-up & strategy guide
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Introduction
Welcome to Perceptrader AI’s comprehensive guide. In this documentation, we’ll cover everything relevant to trading with Perceptrader AI Expert Advisor, from the most basic concepts, to installation, setup and trading strategy. The information is purposely divided and ordered into fourteen different sections:
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Introduction
9. Grid trading system risks: In the ninth section you will find critical information about the risks of trading with grid systems, and why money and risk management are key for long-term sustainability.
10. Parameters: In the tenth section, you’ll find a brief explanation of each one of the +100 parameters that Perceptrader AI allows you to configure.
11. Community: In the eleventh section you will find information about our Telegram private groups, and instructions on how to join them when you buy your Perceptrader AI license.
12. Testimonials: In the twelfth section you will find some of the testimonials and reviews from happy clients who succeeded with Perceptrader AI and my Expert Advisors.
13. Affiliate program: In the thirteenth section, you will find information regarding our affiliate program, and how you can earn up to 50% commissions by referring colleagues/friends/family to Perceptrader AI or any of my Expert Advisors.
14. Frequently asked questions: In the last section of the guide you will find a compilation of the most frequent questions I get asked by clients and users going through the free trials for my Expert Advisors, and their corresponding answers.
I will try to cover everything relevant to my Perceptrader AI Expert Advisor on this guide, but it is possible that you still have doubts or face some issues while installing, configuring or trading with them. Please, feel free to contact us anytime at support@valerytrading.com and we will be more than happy to help you out with anything you might need.
Best wishes,
Valeriia Mishchenko
Algorithmic software developer
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Table of contents
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EXPERT
ADVISORS
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Expert Advisors (EAs) are software programs written in MetaQuotes language (MQL), that can be used to automate trading on the MetaTrader 4 and 5 (MT4/MT5) platforms. ��EAs use different algorithms to monitor and trade financial markets. They follow predefined parameters to identify opportunities and can either notify you or automatically open a position. Expert Advisors can also set conditions for closing positions, such as stops, trailing stops, and limits.
Expert Advisors work by allowing you to define rules for finding opportunities and making trading decisions, and use complex mathematical models that combine multiple yes/no rules. This enables them to execute advanced trading strategies and make quick decisions based on computational power.
According to their trading strategies, EAs are usually classified within:
What is an Expert Advisor
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There is a wide array of Expert Advisors available on the internet. The MQL5 marketplace stands out as the largest platform for buying and sellings EAs. Owned by MetaQuotes, the MQL5 marketplace is seamlessly integrated with MetaTrader 4 and 5 platforms, making it easily accessible to users.
In my journey as an Expert Advisor developer, I joined the MQL5 marketplace in June 2021. To my delight, my EAs garnered significant attention and popularity. If you're interested, you can explore my public MQL5 profile, where you'll find my collection of Expert Advisors, along with live signals records and valuable client reviews.
While the MQL5 marketplace serves as a popular hub for Expert Advisors, some developers opt for an alternative approach by selling their creations on their own websites. This choice provides them with greater flexibility and allows for custom developments that enhance the overall user experience. Taking a cue from these developers, I launched my own website in June 2022, which serves as an additional platform to showcase and sell my Expert Advisors.
On my website, I offer a range of features that enhance the user experience. These include a multi-functional user dashboard, the opportunity to try out expert advisors with free trials, a dedicated custom VPS service, and helpful profit calculators. The aim is to provide you with a comprehensive and tailored experience when utilizing my EAs.
As a user or client, you have the freedom to choose the platform that suits you best to access my EAs. In this guide, our primary focus will be on the website platform, as it offers unique features and a personalized touch. Rest assured, regardless of the platform you choose, the Expert Advisors themselves remain unchanged, ensuring consistent and reliable results. The platform choice mainly influences the overall user experience, providing additional convenience and functionality along the way.
Where to find Expert Advisors
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One crucial aspect in the realm of Expert Advisors is the ability to verify their track records using a reliable third-party platform. In this industry, there are unfortunately numerous individuals with malicious intentions who make false claims about their EAs, aiming to deceive unsuspecting individuals venturing into Forex trading.
Without a trustworthy third-party platform that tracks the performance of Expert Advisors over time, it becomes challenging to ascertain their actual capabilities. As a result, you are left with the option of either blindly believing the claims made by the developer or questioning their authenticity.
Fortunately, there are several reputable third-party platforms available for verifying track records, with MyFxBook being one of the most popular and trustworthy choices. It provides a comfortable trading environment, facilitates analysis of trading systems and accounts, and encourages idea-sharing among traders.
Advanced traders can optimize their forex trading systems and monitor their trading performance, while investors and managers can connect with each other. MyFxBook ensures guarantee, security, and transparency in these interactions.
To ensure transparency and trust, I maintain a verified public MyFxBook profile. It showcases more than 15 different track records of variations of my expert advisors, each with different configurations.
This profile updates in real time with every trade executed in my official accounts, meticulously recording the trading history.
Feel free to visit my MyFxBook profile at any time and don't hesitate to ask me any questions regarding the track records you find there. I am more than willing to assist you and provide any necessary clarification.
How to verify track records (MyFxBook)
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PERCEPTRADER AI
EXPERT ADVISOR
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Perceptrader AI Expert Advisor is a cutting-edge grid trading system that leverages the power of Artificial Intelligence, utilizing Deep Learning algorithms and Artificial Neural Networks (ANN) to analyse big amounts of market data at a high speed and detect high-potential trading opportunities to exploit.
It is built upon Waka Waka’s proven trading strategy, and seamlessly integrates with ChatGPT and Google's Bard for accurate forecasts, empowering traders with intelligent decision-making capabilities.
Features:
Perceptrader AI description
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Description
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Since being published on August 2019, Perceptrader AI has achieved:
+ 55 profitable months in a row (as from February 2024)
+ 238.91% account growth
+ 2.23% monthly gain
- 21.96% maximum drawdown
You can verify yourself the track record on the different Perceptrader AI MQL live signals:
Verified Track record: MQL5 live signals
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Or on my verified Perceptrader AI MyFxBook track records:
Verified Track record: MyFxBook
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Back-testing
Before ever deciding to trade with an Expert Advisor, it is a good idea to back-test it.
Backtesting is a method of analyzing how well a trading strategy could perform by applying it to historical data from the real world. It helps you compare different strategies and choose the one that gives you the best results.
The idea behind backtesting is that strategies that worked well in the past are likely to perform well in similar market conditions in the present and future. By testing trading plans on previous datasets that closely match current market conditions, you can see how they would have performed before actually making any trades.
However, it's important to remember that backtesting doesn't guarantee success in the current market. Past results are not a foolproof indicator of future performance.
Backtesting is simply a part of doing your research before entering a trade. It helps you understand the potential volatility of an asset and take steps to manage your risk accordingly.
You should also keep in mind that real trades involve fees that may not be considered in backtests. It's crucial to account for these trading costs when conducting simulations, as they will affect the profit-loss margins on a live trading account.
That’s why constantly back-test all of my Expert Advisors, with real tick data and 100% accuracy trading history.
Here you have links to +20 years backtests for Perceptrader AI:
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Every once in a while I record videos of visual back-tests for my Expert Advisors. These videos are for short periods of time (2 years usually), as testing for longer ones would make the videos too long.
Here’s are 2 years back-test with both “Unique” and “Standard” trading set files for Perceptrader AI, starting in 17 July 2021 and finishing in 17 July 2023, with a $10.000 initial deposit. In both cases, the exact same trading set files you’ll find in Perceptrader AI’s download folder were used, and the back-tests were conducted in a MetaTrader 5 platform, IC Markets broker.
Please note that these back-tests were conducted using a custom high-risk files for illustrative purposes and does not accurately reflect realistic outcomes.
If you have any questions regarding these videos, please feel free to contact us at support@valerytrading.com and we will do our best to help you out.
Back-testing videos
“Unique” mode
“Standard” mode
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Remember, past performance is not a guarantee of future results.
However, if you want to get an estimation of your potential profits using Perceptrader AI, you can access the profit calculator within your user dashboard on my website.
To use the calculator, simply input your deposit size, choose from the available risk settings, and adjust the time frame using the time bar.
The calculator will then provide you with an estimated total profit, along with estimated monthly gains and estimated drawdowns, displayed on the right-hand side of the calculator.
This can give you a rough idea of the potential outcomes when using the Expert Advisor under different scenarios.
These estimations are based on mathematical calculations that take into account the historical trading performance of my live accounts since each Expert Advisor was made available on MyFxBook.
Profit calculator
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BROKERS
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To trade with Perceptrader AI, you will need a broker. If you already have a broker of preference, you can skip this whole section and go directly to licenses.
In the world of trading, a forex broker plays a crucial role as a financial services company. They offer traders a platform where they can buy and sell foreign currencies.
A forex broker is sometimes referred to as a retail forex broker or a currency trading broker. They cater to a diverse range of clients, including retail currency traders who use these platforms to speculate on currency trends. Additionally, they serve large financial services firms that trade on behalf of investment banks and other customers.
While each forex broker firm handles only a small fraction of the total foreign exchange market volume, their services are invaluable to traders and investors alike.
In order to trade with my Expert Advisors, you will need to operate within a broker that offers MetaTrader 4 or 5 platform.
The broker you select to operate within is completely up to you. Based on the Expert Advisor/s you want to trade with, your broker selection will have a significant impact in the results you get.
Even if you trade with EAs that are not sensitive to spreads/slippages, it’s always recommended to operate with brokers that offer you the best trading conditions.
In the next few pages, I will give you a few tips on how to select a broker, and my top recommendations based on that.
If you already have a broker of preference, you can skip it and go directly to licenses section of this guide.
What is a Forex broker
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To engage in forex trading, you will need to open a trading account with a provider that offers online foreign exchange (FX) trading or CFD trading services.
These providers are commonly referred to as retail "forex brokers" or "CFD providers", and there are a few important aspects to consider when choosing one:�
How to select a Forex broker
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All the aspects mentioned above are important, but the one that will affect your results the most when trading Forex as a retail trader, is spread.
To check the historical spreads of different Forex brokers for different currency pairs, you can use a free tool called ForexBenchmark:
How to select a Forex broker
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Based on my own experience and my client’s, these are my top 3 recommended brokers to trade with my EAs:
Recommended Forex brokers
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3. Tickmill: Tick Mill is an online Forex Broker with a proven track record of strong financial results and stable growth. Tick Mill has put itself in an enviable position as a trusted market leader and innovator.
4. RannForex: small offshore broker, sometimes with the best trading conditions
5. XM: reputable broker with very good trading conditions at night
6. Pepperstone: good option for big lot sizes
7. MT.COOK: small, but capable broker for professionals
8. ThinkMarkets
9. AxiTrader
10. Oanda (the best choice available for US citizens)
You are welcome to select any broker from this provided list, or another of your choice. However, ensure that the broker you choose offers favorable trading conditions. Please note that these suggestions are purely based on our experience and is not and should not be considered as financial advice.
Recommended Forex brokers
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Popular Forex brokers within clients
We recently run an anonymous poll on our private client’s Telegram groups, with the question “What’s your broker/s of preference for ValeryTrading EAs?”��All the recommended brokers were placed as options.��These were the results after almost 200 votes, ordered by popularity:��1. IC Markets = 59%
2. Others = 24%
3. Pepperstone = 6%
4. Tickmill = 3%
5. FiboGroup = 2%
6. OANDA = 2%
7. XM = 2%
8. ThinkMarkets = 1%
9. RannForex = 0%
10. MT.COOK = 0%
As you can see, many clients trade with my recommended brokers, and many prefer others that fit their specific needs and wants.
If you have any doubts regarding your broker selection, feel free to contact us at support@valerytrading.com and we will help you out
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Forex Brokers account sizes
Another question we get a lot is regarding how much clients should invest to trade with my Expert Advisors.
Here’s an anonymous poll on our private client’s Telegram groups, with the question “Total trading account size (of all trading accounts combined)”��These were the results after more than 200 votes, ordered by total account size:��1. 0-5k = 27%
2. 5-10k = 16%
3. 10-25k = 14%
4. 25-50k = 12%
5. 50-100k = 12%
6. 100-500k = 11%
7. 500k-1m = 3%
8. +1m = 5%
These numbers might help you to decide how much capital you should be investing to trade with my Expert Advisors.
If you have any doubts regarding your account/s size, feel free to contact us at support@valerytrading.com and we will help you out
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After selecting a broker that aligns with your preferences, you will need to open a MetaTrader 4 (MT4) or MetaTrader 5 (MT5) account with them.
The choice between MT4 and MT5 doesn't significantly impact the trading algorithms used by the Expert Advisors. All of my EAs are compatible with both platforms.
While there may be some internal differences between the platforms, as the developer, I have ensured that you won't notice these variations.
Occasionally, there might be slight differences in quotes between MT4 and MT5, but these discrepancies are typically small and random.
MT4 is more widely supported by brokers, and as a result, it tends to be the preferred choice for most traders. However, MT5 offers a superior tester, which I recommend utilizing. I encourage you to test both platforms for yourself and determine which one suits your needs best.
Something worth mentioning, is that when you get a license for any of my Expert Advisors through my website, you will be able to use it both for MetaTrader 4 and 5 accounts, while if you get it through the MQL5 marketplace, you will be only able to use with with MetaTrader 4 or 5 accounts.
In case you want to make your own research and compare these platforms, here you have the links to their official websites:
MetaTrader 4 vs MetaTrader 5
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LICENSES
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To be able to trade with Perceptrader AI in your MetaTrader 4 or 5 platform, you will need to have an active license.
When you open an account in a Forex broker, you receive a MetaTrader account number.
A license simply means that we allow your MetaTrader account number to trade with the Expert Advisor.
Without an active license, the EAs will display an “License error!” message in their graphical user interface, and it will not be able to place trades in your account.
There are two ways to get a license to trade with Perceptrader AI:
In both cases, you’ll need to manage your licenses through the user dashboard on my website.
Therefore, your first step is to go to my user dashboard and register an account, which takes only a few minutes.
If you already have an account, then you can skip that step and go directly to the free trials/purchase sections.
How licensing works
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How to start your free trial
After registering in my user dashboard, you can start 14 days free trials for Perceptrader AI, from the “Expert Advisors” tab in your user dashboard.
You’ll get unlimited access to the EA for 14 days, and be able to trade with them in your demo or live account. You will not be required to provide any payment details or make a commitment of any type.
Mind that you will need a MetaTrader 4 or 5 account number to start your trial, so in case you do not have one, please head over to the “brokers” section of this guide.
Here is a step-by-step tutorial video on how to start your trial, in just a few minutes. You can follow the instructions and get started within a few minutes:
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How to start your free trial
In case the step-by-step tutorial video is not enough for you, here you have a breakdown of all the steps you need to take in order to start your free trial:
Perceptrader AI
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How to start your free trial
Perceptrader AI
Perceptrader AI
Perceptrader AI
4. Next, head over to Perceptrader’s AI box, choose within MetaTrader 4 or 5, and click on the ‘Start trial’ yellow button.
5. Enter your MetaTrader account number and click on the ‘Start Trial’ green button.
6. Your Expert Advisor box will ‘unblock’, displaying to you an image of the EA, as well as a ‘TRIAL: 14 Days Left’ label. That means your trial license is now active and available for 14 days. Each day this label will be updated, and inform you how many days you have left in your trial.
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How to start your free trial
After starting your trial, you will receive an automated email confirmation from me:
Receiving this email means you are now officially allowed to trade with Perceptrader AI, so we can move to the next section of this guide: installation.
Please open this email to confirm that everything is working on your side. If you don’t see a message, check your spam folder. It can sometimes end up there, depending on your spam filter settings
This will be the first email of many. For the duration of your free trial, I will be sending you valuable information on how to get the best out of my Expert Advisors, so please make sure you read them. They can make the difference between achieving success with the EAs or failing to do so.
Not only that, but I will be also sending you a few success stories of clients of mine using my EAs, so you can see what's possible and fuel your motivation to achieve what they did.
If at any point you want to stop receiving these emails, just let me know and I will stop sending them immediately to you.
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How to purchase licenses
Hopefully you after going through your free trial with Perceptrader AI you decide you are ready to take the next step to take your trading to the next level, by purchasing lifetime licenses for the EA.
By acquiring a permanent license of Perceptrader AI, you’ll receive:
The price for Perceptrader AI is incremental and slots are limited. That is because I want to keep the amount of users low to be able to provide the best possible support to all of my clients, as well as working on constantly improving the EAs and developing new ones.
By having prices which increase with the amount of clients that buy my EAs, I am able to keep the number of clients limited and controlled. I would rather have less clients and be able to ensure them an excellent user experience than having lots of them.
Hope you can understand.
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100%, 30 day money back guarantee
If you are not completely satisfied with Perceptrader AI, I offer a hassle-free refund policy. Your satisfaction is my utmost priority.
I genuinely care about the results that each of my clients achieves, to the extent that I have been called "obsessive" at times.
It’s no secret that this industry is filled with bad players with malicious intentions who make false claims about their EAs, aiming to deceive unsuspecting individuals venturing into Forex trading. I’ve personally seen and heard about thousands of them, so I understand where the skepticism comes from.
I have dedicated significant time (+10 years) and effort to perfecting my EAs, and I am confident that they can help traders reach their goals and potentially even fulfill their dreams. The evidence lies in the results they produce.
To demonstrate my confidence, in the highly unlikely event that you do not fall in love with my Expert Advisors, I am prepared to promptly refund every penny you paid, without any questions or hesitations.
Not only that, but I am willing to extend this exceptional guarantee for a generous period of 30 days. Compared to the standard 7-day guarantee offered by the MQL market and the absence of guarantees on most other EA selling sites, this is an exceptional offer that showcases my commitment to your satisfaction.
It’s simple: either you are satisfied with your purchase, or you get 100% of your money back.
You have my word of honor,
Valeriia Mishchenko
Algorithmic software developer
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How to activate your licenses
Once you make a purchase for Perceptrader AI, you can activate up to 10 MetaTrader 4 or 5 account numbers from the “Licenses” tab in your user dashboard on the website.
You’ll get lifetime unlimited access to the EA, and be able to trade with them in your demo or live account. You will not be required to make any recurring payments of any kind.
Mind that you will need a MetaTrader 4 or 5 account number to activate your licenses, so in case you do not have one, please head over to the “brokers” section of this guide.
Here is a step-by-step tutorial video on how to activate your licenses, in just a few minutes. You can follow the instructions and get started within a few minutes:
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How to activate your licenses
In case the step-by-step tutorial video is not enough for you, here you have a breakdown of all the steps you need to take in order to activate your licenses:
You must use the same email address that you used when buying the EA license, for the system to recognize your purchase.
Once inside the user dashboard, you will find the dashboard with a navigation menu to the left, and the ‘Expert Advisors’ tab will be selected by default.
If you head over to the Perceptrader AI box, it should be unblocked, displaying a small image of the EA on a MetaTrader chart, as well as a ‘OWNED’ green box message.
This means the system successfully recognized your purchase, and you can now proceed to activate your MetaTrader 4 or 5 licenses your EA
In case after your purchase you do not see your Expert Advisor there, please contact us at support@valerytrading.com and we will help you out.
Perceptrader AI
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How to activate your licenses
2. To activate your Perceptrader AI license, simply choose within MetaTrader 4 or 5, head to the EA box, and click on the “Activate License” button.
3. Next, enter your MetaTrader 4 or 5 account number and click on the “Submit” green button.
4. Once you do that, your license number will be visible and you will have one less available license. This means your EA is now allowed to start placing trades on that MetaTrader 4 or 5 account.
Perceptrader AI
Perceptrader AI
Perceptrader AI
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How to activate your licenses
After activating your license, you will receive an automated email confirmation from me:
Receiving this email means you are now officially allowed to trade with my Expert Advisors, so we can move to the next section of this guide: installation.
Please open this email to confirm that everything is working on your side. If you don’t see a message, check your spam folder. It can sometimes end up there, depending on your spam filter settings
If you do not receive this email or have any issues with license activation, please contact us at support@valerytrading.com and we will help you out.
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INSTALLATION
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Once you’ve selected a broker and opened an account with them, you can proceed to install Perceptrader AI in order to start trading with it.
There are three different things you will need for that:
To make the installation process as simple and flexible as possible, you can choose two different options:
It’s up to you which one to choose, and it will probably depend on how much experience you have with Expert Advisors and MetaTrader platforms in general.
How to install Perceptrader AI
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The easy installation option gives you access to Perceptrader AI in the most simple and fast way. Instead of going through the process of downloading the EA, installing it on your MetaTrader 4 or 5 platform, and configuring your platform to allow automated trading, you get everything done for you.��For a lot of people, the process I mentioned above is a bit too technical and requires expertise and efforts they would prefer not to expend. If that’s the case, then the easy installation is perfect for you.
The way this is made possible is through ValeryVPS, which is a VPS (virtual private server) designed for optimal results, customized with all of my Expert Advisors and configurations, and powered by the renowned company ForexVPS.net.
ValeryVPS is ideal for you if you want to trade with Perceptrader AI already installed & configured, ready to go on a high-performance server, and located as near as possible to the leading Forex brokers.
Originally, ValeryVPS was only available to clients who bought my Expert Advisor licenses, but now it’s also accessible for everybody who’s going through a free trial of any of my EAs. That means that you can try for free Perceptrader AI in a ValeryVPS server. If by the end of your trial you decide to buy your EA license, you’ll be able to also keep your server without cost, for a period of 2 months.
After your 2 months free period, you can keep your ValeryVPS by moving to a paid plan, provided by ForexVPS.net. While servers at ForexVPS.net are usually around $35-40 per month, we got a special deal for our clients, and you’ll be able to get it for just $30 per month.
Therefore, please have that in mind when you choose within easy or manual installation. In both cases you’ll need a VPS to run my Perceptrader AI, but you might want to choose another VPS service which fits best your wants and needs.
“Easy installation”
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Once you’ve licensed your account number for Perceptrader AI, you can start trading automatically with it in your MetaTrader 4 or 5 platforms.
To do so, your first step is to install the Perceptrader AI in your MT4 or MT5 platform. Getting started with the “easy installation” is very easy and takes only a few minutes.
In the following tutorial video, I will show you step-by-step instructions on how to do that:
“Easy installation”: tutorial video
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How to easily install Perceptrader AI (recommended)
If you find the step-by-step tutorial video insufficient, here's a simplified guide on how to easily install Perceptrader AI, the easy way:
Accessing a ValeryVPS is available to you in two ways:
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How to easily install Perceptrader AI (recommended)
c. Click the "Activate ValeryVPS" button. Please note that this button will only appear if you have purchased an Expert Advisor license from the website and have not previously requested a VPS, or if you are in the midst of your 14-day free trial and are requesting the VPS for the first time. A pop-up with instructions will then appear, and you should click "Activate ValeryVPS" once more.
d. Review your email inbox, using the same email address you use to access your user dashboard. You will receive an email from ForexVPS.net, which will include comprehensive details about your ValeryVPS as well as your login credentials.
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How to easily install Perceptrader AI (recommended)
e. Follow the instructions in the email and log in to your ValeryVPS.
d. Once inside your ValeryVPS, you will find different folders and access files:
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How to easily install my Expert Advisors (recommended)
e. Launch your preferred broker and log in to your MetaTrader account. If you cannot locate your broker in the "Brokers" folder, you have the option to either download it to your ValeryVPS or access it through the standard MetaTrader 4 or 5 platforms. If you have not yet created a broker account, please consult the "Brokers" section of this guide and establish one before moving forward.
f. Once logged in, you can proceed to open a chart, drag Perceptrader AI from the “Expert Advisors” folder in the navigator to the chart, configure the EA according to your wants/needs and start auto-trading.
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The manual installation allows you to manually set up Perceptrader AI in your own computer or any VPS of your choice.
This method requires you to:
As you can see, there are quite a few steps that need to be followed.
Manual installation is the most popular way of setting up Expert Advisors that are not purchased within the MQL5 marketplace.
Most developers provide their EA’s files and leave it to the user to download and install them wherever they prefer.
If you have experience dealing with Expert Advisors and MetaTrader, or want to install Perceptrader AI in your own PC or any VPS of your choice, then the manual installation is a good option for you.
If you do not have much experience, do not have a VPS of preference or want to save time and efforts, then the “easy setup” is probably the best option for you.
Please mind that for both methods the Expert Advisor is exactly the same, and the results you get will not be directly affected by any of them.
“Manual installation”
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Once you’ve licensed your account number Perceptrader AI, you can start trading automatically with it in your MetaTrader 4 or 5 platforms.
To do so, your first step is to install the EA in your MT4 or MT5 platform. Getting started with the “easy installation” is very easy and takes only a few minutes.
In the following tutorial video, I will show you step-by-step instructions on how to do that:
“Manual installation”: tutorial video
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How to manually install Perceptrader AI
In case the step-by-step tutorial video is not enough for you, here you have a breakdown of all the steps you need to take in order to manually install Perceptrader AI:
If you already have one, you can skip to the next page. In case you do not here are my recommendations:
As you do your own research, you will discover there are both free and paid VPS services.
Free VPS servers are not suitable for the operation of several terminals or for the full-fledged work of EA,
since they are severely limited in computing power and/or the amount of RAM. You can use these with small testing or demo accounts, but I do not recommend using free VPS servers with big accounts.
Paid Windows VPS is the best solution. For 95% of all possible tasks VPS server with 2-4 cores, 4-8 gb RAM and an SSD disk will be enough. On such a VPS, you can easily run 5-10 MT4/MT5 terminals.
It is important that your Windows VPS is close to your broker trading server. This minimizes the delay in trading. Most broker trading servers are located in New York and London.
Based on my experience and knowledge, here are three accessible VPS providers that you can use to run Perceptrader AI without any problems:
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How to manually install Perceptrader AI
2. After sorting out your VPS, next step is to access your user dashboard sign-up page and create an account.
3. After you’ve created your account, log into it.
4. Once inside, you will land in the user dashboard “Expert Advisors” section. You can download there Perceptrader AI by clicking in the “Download” button in the EA box. A .zip file will be downloaded, containing all the relevant files for you to install and set up the EA.
5. Extract the files into desktop or a folder of your choice.
PerceptraderAI.zip
PerceptraderAI
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How to manually install Perceptrader AI
6. Next, head over to your MetaTrader 4 or 5 platform on your VPS and proceed to install the EA in the “Expert Advisors” folder of your terminal.
To do so:
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How to manually install Perceptrader AI
d. Drag the Perceptrader AI .ex4/.ex5 files from your desktop or folder of choice to the “Advisors” folder
e. Head back to your MetaTrader terminal, and locate the Navigator to the left hand side of the screen. Once there right click on the “Advisors folder”
f. Click on “Refresh”and maximize the “Advisors” folder
If everything was done correctly, you should see Perceptrader AI now in the list, ready to be used.
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How to manually install Perceptrader AI
7. Once you have Perceptrader AI in your Navigator, you will need to make some configuration changes to your MetaTrader terminal: allow web requests and enable automated trading:
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How to manually install Perceptrader AI
d. Check the “Allow WebRequest for listed URL:” box
e. Add the following URLS by clicking on the green “+” symbol and copy-pasting one by one :
https://www.worldtimeserver.com
f. Click on the “OK” button and return to your MetaTrader terminal
IMPORTANT: All the URLs mentioned above are of critical importance for the correct functioning of Perceptrader AI. All my EAs use these URLs to manage licensing and economics news filtering. Failing to add them will prevent Perceptrader AI from working in your MetaTrader terminal, so make sure to do so.
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The MQL5 marketplace installation allows you to download, install and set up Perceptrader AI in your MQL5 VPS or own computer after making a purchase on the MQL5 marketplace.
This method requires you to:
As you can see, there are quite a few steps that need to be followed.��An extensive guide on how to do all this can be found in this MQL5 article.
If you’re already a MQL5 marketplace user and prefer to keep your Expert Advisors within their platform, feel free to do so.
For all the setup methods the Expert Advisors are exactly the same, and the results you get will not be directly affected by any of them.
“MQL5 Marketplace installation”
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What is ValeryVPS
As explained in the “installation” section of this guide, a VPS is strongly recommended to anyone trading with Perceptrader AI.
I offer a service of Forex trading Virtual Private Servers (VPS), designed for optimal results, customized with Perceptrader AI & all of my Expert Advisors, and powered by the renowned company ForexVPS.net, called ValeryVPS.�
ValeryVPS is perfect for you if you want to trade with my Expert Advisors already installed & configured, ready to go on a high-performance server, and located as near as possible to the leading Forex brokers.
You can learn everything about it in this video:
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How to get ValeryVPS
There are two ways in which you can gain access to a ValeryVPS server:
Using the easy installation, you can get free access to a ValeryVPS for the duration of your free trial. Therefore, you’ll get access to the server for a maximum of 14 days. If you want to activate your ValeryVPS server when you’re halfway through your trial, you will get access to it for one week, until your trial ends.
Mind that you will only get access to a ValeryVPS server for your first Expert Advisor trial. That means if you already got access to a server while on trial before, you will not be eligible to get it once again.
In order to keep your ValeryVPS, you will need to purchase an Expert Advisor license. If you buy any EA license before your 14 days trial expire, you’ll get to keep your server for free, for a period of 2 months from the moment of your purchase. If you do not buy any EA license before your trial period expires, the server will be automatically terminated.
Once you purchase a Perceptrader AI license, you can get free access to a ValeryVPS server for a period of 2 months.
Two weeks before your 2 months period ends, you’ll have the possibility to keep your server by moving to a paid plan provided directly by ForexVPS.net at $30 per month, or simply terminate your server.
If you do not make a decision within those two weeks prior to your 2 months period end, your server will be terminated automatically.
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How to activate your ValeryVPS
Once you purchase your Perceptrader AI license, you can get free access to a ValeryVPS server for a period of 2 months.
Mind you will not get your server until you manually activate it, from your user dashboard.
Here’s a step-by-step tutorial video on how to activate your ValeryVPS:
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How to update your Expert Advisor/news events files
One of the advantages of having a ValeryVPS is that you can update automatically Perceptrader AI or any Expert Advisor in a few minutes, without having to download and installing any files.
Whenever there is an update to Perceptrader AI or the newsevents.txt file used for back-testing, you can update the files by following these steps:�� 1. Look for the “Expert Advisors” folder in your ValeryVPS desktop and open it.
2. Locate the auto-updater files:
3. Double click on any of those files, then press any key and wait for the script to run. Once the updates are finished, you will see an “!!! DONE NOW !!!” success message, which means your files have been updated successfully, and are now available in your MetaTrader terminals and ready to be used.
Expert Advisors
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How to renew/terminate ValeryVPS
After your free ValeryVPS 2 months period ends, you’ll need to decide if you want to keep your server by moving to a ForexVPS.net paid plan, or to terminate the server.
Two weeks before your period ends, we’ll make a window available in the ValeryVPS section of your user dashboard, where you’ll be able to make your decision. If you decide to keep it, you’ll start paying monthly invoices of $30 to ForexVPS.net directly, and if you decide to terminate it, the server will be deleted.��Mind that not making a decision within the two weeks prior to your 2 months period expiration, will result in server termination, so make sure to make your decision as soon as you can. We’ll notify you via email as well, to make sure you do not miss it.
To decide if you want to renew/terminate your ValeryVPS, follow these steps:
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How to renew/terminate ValeryVPS
4. Decide if you want to keep or terminate your server by checking the “I want to keep my server” or “I do not want to keep my server” boxes
5. Confirm your decision by clicking on the “Confirm decision” button.
Based on your decision, your server will be kept online or terminated at the end of your 2 months period.
Remember that if you do not make a decision before your period ends, your server will be automatically terminated.
If kept online, there will be no changes to your server, and you’ll be receiving invoices from ForexVPS.net the first day of each month. You’ll have 4 days in total to pay for said invoices to avoid server suspension and 3 days after that to avoid server termination.
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SET-UP
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How to setup Perceptrader AI
After you’ve successfully installed Perceptrader AI either through the “Easy”, “Manual” or “MQL5 marketplace” methods, you’re ready to setup your EA on your MetaTrader charts and start trading with it.
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How to setup Perceptrader AI
3. Select the timeframe for the chart by clicking in any of the available time frames in the top menu. As Perceptrader AI works for 5 minutes time frame, I will set it for “M5” (5 minutes)
4. Head over to the “Expert Advisors” menu in the Navigator, and drag your Perceptrader AI into the chart.
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5. A window will pop up, with the Expert Advisor information under the “Common” tab and parameters configuration under the “Inputs tab”, that you can modify to fit your wants and needs.
Make sure that the ‘Symbol Suffix’ parameter contains the suffix of your broker if it uses one. If pairs of your broker looks like EURUSD.a instead of EURUSD, this parameter should be set to .a
Perceptrader AI has +50 configurable parameters that will directly affect how the EA trades in your accounts and the results you get. You can find detailed information about each one of them later in this guides. The set of parameters that load by default are the ones I recommend to anyone starting out with my Expert Advisors. These are the same ones that I utilize on my official MyFxBook track records, so it’s a good idea to stick to them.
5. Once you’re done with modifying your parameters, loading a given trading set-file, or decide to stick with default parameters, click on the “OK” button.
How to setup Perceptrader AI
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6. Return to your market chart and wait a few seconds for your Perceptrader AI to load. If everything was set up correctly, you should see a “Live trading” blue text message in your EA graphical interface, which indicates that it has been successfully loaded and ready to start taking trades. At this point, there is no need for you to do anything else
To verify that everything is set up correctly in case of MT 4, you can check if there is a smiley or a sad face next to the EA name on the top hand-right side of your chart. A smiley face means everything is ok, and a sad face means there is some configuration error.
In case you face any issues at this point, please contact us at support@valerytrading.com and we will be more than happy to help you!
How to setup Perceptrader AI
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There is a possibility that when you load Perceptrader AI into your chart, you see a “License error!” message displayed in the EA graphical interface instead of the “Live trading” one.
That means your account number is not being recognized by the licensing server, and therefore not allowed to be used to trade with my Expert Advisors.
In 95% of the cases, not placing the URLs on your MetaTrader platform is what causes the issue, so make sure you verify that before anything.
Second most frequent reason for this error is confusing MT 4 license with MT 5, and vice versa. Please make sure you activated the same version you are using
Here you have a step-by-step tutorial on how to fix the “License error!” in just a few minutes:
How to fix the “License error!”
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UPDATES
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How to update Perceptrader AI
To ensure that Perceptrader AI continues to perform at its best, I consistently update it, incorporating the latest advancements in algorithmic trading and financial markets, as well as incorporating feedback and requests from my valued clients.
When Perceptrader AI receives an update, I strongly recommend that you also update it on your end. This can be accomplished through three different methods:��1. If you followed the “Easy setup” in this guide and have your Perceptrader AI EA installed in a ValeryVPS, you’ll just need to run an auto-updater script, located in your VPS desktop. Detailed instructions can be found in p.59 of this guide.
2. If you followed the “Manual setup” and have Perceptrader AI EA installed on your own PC or VPS of preference, you’ll need to:
a. Re-download Perceptrader AI from the “Expert Advisors” section in the user dashboard in ValeryTrading’s website
b. Extract the updated .ex4/ex5 files and install them in your MetaTrader terminal data folder, as explained in p.51 and p.52 of this guide
c. Refresh your MetaTrader terminal navigator and reload your Perceptrader AI EA into your market charts
d. Ensure that the version of the Perceptrader AI you are loading is the most up-to-date
3. If you bought Perceptrader AI through the MQL5 market, you’ll need to do the update through the MQL5 platform directly. The process is pretty straightforward. You can check the “How do I update an app to the latest version?” at the end of this article from MQL5.
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PROP-FIRM
SET FILES
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What is a prop-firm & a prop-firm challenge
Proprietary trading firms, commonly known as prop firms, are specialized financial institutions that trade in various markets such as stocks, bonds, commodities, and Forex using their own capital. These firms employ traders to invest and generate profits, which complements their other activities like managing client portfolios and providing investment services.
In recent years, online prop trading firms have become prominent. They differ from traditional prop firms in that they provide traders with direct access to markets and the necessary capital, without acting as intermediaries. This model places the onus on traders to be well-versed in market dynamics, risk management, and trading strategies, as well as understanding their own trading psychology.
To support traders, prop firms offer resources like capital and demo accounts that simulate live market conditions. When traders execute trades in these demo accounts, the firm replicates them in the actual market, taking on the risk of profit or loss.
However, entering the world of prop trading is not straightforward. Aspiring traders must undergo a stringent evaluation process, often referred to as a "challenge," and usually pay an upfront fee. This process is designed to assess whether a trader has the necessary skills to trade responsibly and profitably, considering the significant risk the prop firm assumes by providing its capital for trading.
The popularity of prop firm challenges has increased notably since the pandemic in 2020.
Firms like FTMO are known for these challenges, which offer traders the chance to trade with the firm's capital and potentially earn higher profits.
The rigorous nature of these challenges ensures that only skilled traders are accepted, thereby reducing the financial risk for the prop firms. This has led to a growing interest in prop firm challenges among those looking to enter or advance in the trading industry.
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What are prop-firm challenges conditions?
In order to pass a prop-firm challenge and become a funded trader, certain conditions and rules must be complied with:
Risk management: Prop traders must adhere to strict risk management rules to safeguard the firm's capital, such as maximum daily and overall losses. If they violate these guidelines, their account may be closed. While some prop trading firms allow traders to retake the challenge, others do not, so it is essential to carefully read the terms and conditions before signing up.
Progression: Prop traders must adhere to a progression scheme. Those who demonstrate safe and effective trading skills may have opportunities to move up the ranks and receive more trading capital. The timeframe and criteria for progression differ across firms and industries. Some firms evaluate traders after three months, while others establish progression targets at the outset.
Tradable assets: The range of tradable assets available to prop traders varies depending on the firm. Some firms focus on Forex or stocks, allowing them to tailor their support and software to specific traders.
Traders can fail a prop firm challenge and lose their initial fee in several ways, with a possible retake depending on the firm's policy:
Despite marketing claims, these challenges are not easy and have multiple failure points.
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Prop-firm challenges disclaimer
When considering the pursuit of a prop-firm challenge, it's crucial to approach with realistic expectations and a clear understanding of the inherent risks. Despite the allure of becoming a funded trader and the potential for significant profits, the reality is that the success rate in these challenges is low. The vast majority of participants, unfortunately, do not succeed in meeting the stringent criteria set by prop firms.
It's important to acknowledge that prop firms, while offering an opportunity, also operate with a business-first mentality. The statistical likelihood of passing a challenge is small. This is evidenced by data released by some of the largest prop firms in the industry, revealing that the success rate is low. Most traders do not only fail to earn profits but also struggle to recoup their initial fees. This harsh reality is often obscured by the appealing marketing of prop firms, which highlights the potential for success without fully disclosing the odds against it.
Moreover, prop firms are acutely aware of the existence and capabilities of various Expert Advisors (EAs) which have shown consistent performance on live accounts. To safeguard their interests, these firms have implemented strict rules and parameters, particularly concerning automated trading. These restrictions are designed to neutralize the advantages that EAs might provide, further complicating the challenge for traders who rely on these tools.
In conclusion, while our Expert Advisors, equipped with custom trading set files, are designed to optimize performance within the confines of prop-firm rules, they do not guarantee success.
The reality of prop-firm challenges is that they are very difficult to pass. This should not deter determined and skilled traders from attempting these challenges, but it should prompt a careful and informed approach.
Understanding the high risk of failure is key to making a well-considered decision about whether to engage in a prop-firm challenge.
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How to increase your chances of passing a prop-firm challenge
As the popularity of prop-firm challenges has surged, so too has the market for Expert Advisors promising guaranteed success. However, these solutions are often ineffective.��The key issue with using popular EAs is that if too many traders employ the same strategy, prop firms can easily identify and restrict these identical trades. It’s not just about the trades placed by the EAs, but how these trades adapt to the stringent rules of prop firms, especially when used simultaneously by multiple traders.
The secret to succeeding in prop-firm challenges lies in understanding that no EA can assure victory. The rules of prop-firm challenges are dynamic, constantly evolving to prevent exploitation. To enhance the chances of passing a challenge with an EA, it needs built-in rules and parameters that align with the ever-changing prop-firm guidelines.��This is where specialized trading set files come into play. These are designed to make our Expert Advisors compatible with strict prop-firm rules to avoid being limited or flagged.��Custom set files offer several advantages:
In conclusion, while no Expert Advisor can guarantee success in prop-firm challenges, selecting one that offers tailored, prop-firm-friendly features significantly increases the likelihood of passing these rigorous tests.
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How to get a custom prop-firm trading set file
With our Expert Advisors, you have the opportunity to request a custom-made prop-firm trading set file tailored to your specific needs. Simply access your user dashboard and provide details like your preferred prop firm, chosen Expert Advisor, account type, challenge type, maximum drawdown, profit target, and additional rules. Our team will craft a set file based on your specifications and make it available for download directly from your dashboard. ��This personalized approach ensures that your trading strategy aligns perfectly with your objectives and the unique requirements of your chosen prop firm. Please note, this service is a benefit offered only to our clients who have purchased an Expert Advisor license, ensuring a dedicated and exclusive experience.��Here’s a step-by-step tutorial video on how to request your custom prop-firm set file:
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How to get a custom prop-firm trading set file
To obtain your customized prop-firm trading set file, please follow these steps:��1. Navigate to the "prop-firm set-files" section within your user dashboard. Note that this section is accessible only if you have an active Expert Advisor license.
2. In the "Request a prop-firm trading set file" menu, complete all required fields and then click the “request set file” button. The necessary information should be available on your prop-firm's website or in their documentation. If you can't find specific details, we advise contacting their support team for clarification, or you can reach out to us at support@valerytrading.com for assistance.
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How to get a custom prop-firm trading set file
3. After your prop-firm set file is prepared, you can download it from your user dashboard. It will be located in the “My prop-firm trading set files” section, adjacent to the “request a prop-firm trading set file” option. To download, open the set file and select the “Download” button.
SET
FTMO-Waka-#1.set
Once you've downloaded the set file, you're all set to upload it into your prop-firm’s MetaTrader platform and begin trading. This file is always available in your user dashboard for future access, and you have the option to delete it whenever it's no longer needed.
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How to use a custom prop-firm trading set file
You are now prepared to integrate your trading set-file into your prop-firm's MetaTrader platform and start trading. Here's how to proceed:�
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How to use a custom prop-firm trading set file
3. After loading your custom prop-firm trading set file, the inputs for your Expert Advisor will automatically adjust. Simply click on the “OK” button, wait for the Expert Advisor to appear on your chart, and then enable it to start trading.
That's all there is to it!
Your Expert Advisor is now set up to automatically trade on your prop-firm account, tailored to your specific needs.
Should you have any questions or concerns about custom prop-firms, don't hesitate to contact us at support@valerytrading.com and we’ll be happy to help.
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GRID TRADING
SYSTEMS RISKS
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Because Perceptrader AI operates as a grid trading system, it is crucial to prioritize effective money and risk management to ensure its long-term sustainability.
To gain a comprehensive understanding of this critical aspect, I have prepared an in-depth exploration that covers all the essential information.
I highly recommend reading this material carefully before engaging in trading with Perceptrader AI or any other grid trading system.��1. Money management:. The first thing I always start with is money management. Simply put, it’s how big the lot size you want to open in relation to your deposit size. In Perceptrader AI, Waka Waka and Golden Pickaxe, it’s regulated by the ‘Lot-sizing Method’ parameter and others related to it. In most cases, it’s enough to choose one of the predefined risk levels from low to high in this parameter, and that’s it. That’s all money management most people will need. You can see how Perceptrader AI performed with each risk level in the Perceptrader AI: Risk management section of this guide.
2. Risk management. To keep it short, that’s how the EA deals with drawdowns. In most cases, it’s enough to use the simplest ‘Max Floating Drawdown %’ option. For example, if you set it to 30, the EA will close all trades in case of reaching a 30% drawdown, securing the remaining 70% of the account. However, this parameter is connected with money management. If you set too tight of a drawdown limitation with a high risk level, it’ll frequently be triggered during normal work of the EA, interfering with its trading. E.g., it doesn’t make sense to choose high risk and set the maximum drawdown at 5%. That’ll make you bump into this drawdown limitation time and time again, ultimately meaning losses. I usually recommend setting this value above the maximum drawdown seen in the tester.
If you can’t test the EA properly yourself, I have already compiled long-term test results in the Perceptrader AI: Risk management of this guide, as mentioned previously.
Money & risk management for grid trading systems
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3. Default parameters: People frequently ask me what settings of the EA should they use. The answer is that I use default settings and think they are the best in most cases. This sounds boring, but profitable professional trading and investments are always boring. There’s a saying about that attributed to Warren Buffet: “Beware the investment activity that produces applause; the great moves are usually greeted by yawns”. If you are bored with trading and investments, it usually means you are on the right track.
There are plenty of variables in my EAs that change results significantly: from core parameters of the system (how to choose an entry), to exit parameters (TP level) and grid settings (coefficients and grid spacing). What some people don’t understand is that default values are not chosen randomly. They are a result of careful market research aimed at identifying market reversal levels. Default parameters of the EA work together with the aim of exploiting existing market reversals on the pairs it trades. If you change an entry level, TP value, or grid setting, you might interfere with this logic.
For example - if you make the TP value larger, the EA will exit trades later, and the reversal level might not be enough to close trades and get out of a trending movement. If you change grid coefficients to, let’s say, 1-1-1 (so that all orders have the same lot size), you will interfere with the trading logic, making it much more difficult for the EA to get out of the grid. Of course, if you are a professional trader, you know it very well and may ignore this recommendation. But if that’s the case, this whole post is just 2x2=4 for you, and you won’t find it particularly useful. If you found something new or interesting in it, chances are, default parameters are better for you.
4. Make sure your money management is in line with your deposit size and account leverage: By definition, one can’t use high risks with a 1:30 account leverage. The same goes for $100 – it’s impossible to use low risks with a small deposit size.
You can find historical values and deposit size recommendations at the same table mentioned before, in the Perceptrader AI: Risk management section of this guide.
Money & risk management for grid trading systems
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5. Make sure your VPS works 24/5: If the EA entered a position, then your VPS went offline for a day or two and was not in the market to catch a reversal, it may bring losses to you. Make sure your VPS is stable and also put the terminal in the startup folder of your system. In this case, if your VPS is restarted (which happens every once in a while with any server), the terminal will get back online as soon as the server gets up and running.
If you do not have a VPS yet, I recommend you to check the “ValeryVPS” section of this guide.
6. Take it seriously and plan ahead: What you might not have understood when reading this information is that each example I have outlined above is real. There were users of my EAs who used high risks with a tight drawdown limitation at 5%, there were users who changed grid coefficients, some used the EA with a small deposit and high risk on a 1:30 leverage account, and so on.
Each of these examples meant losses. Each of these rules meant someone lost real money.
There is a saying in the health and safety industry that “all safety regulations are written in blood”. It’s true, and the same goes for the rules outlined in these few pages. Each of them is written with losses of traders.
It’s smart to take all of them into account and trade accordingly, with strict risk and money management in place.
Money & risk management for grid trading systems
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PARAMETERS
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Once you load Perceptrader AI on your chart, pop-up box will appear showing settings of your EA. Make sure that all the settings and alerts are correct before clicking OK. A full list of settings is located in the next slides.
IMPORTANT: If your broker uses a suffix (e.g. EURUSD.a) you should change the ‘Symbol Suffix’ parameter to the suffix of your broker. In this case, it should be changed to .a instead of a blank value used by default.
Inputs
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Perceptrader AI: MM & Risk settings
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Perceptrader AI: MM & Risk settings
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Perceptrader AI: MM & Risk settings
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Perceptrader AI: MM & Risk settings
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Perceptrader AI: MM & Risk settings
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When trading with a grid you do not usually experience realized losses, but you get floating drawdowns from time to time. Significant ones are usually rare, but it all depends on risks you set
You can set very high risks and lose the whole deposit in one go even on a small market movement or you can use lower risks and survive even another 2007-2009 financial crisis without a scratch
How to best deal with that? I usually recommend doing the following:
Imagine the biggest floating drawdown you can handle with the EA. Multiply that by 2. After that select risks level with which you did not have the historical drawdown exceeding this multiplied value
Why should you multiply the drawdown? Any trading system will eventually surpass the historical drawdown. Grid trading has a larger risks variability over time, so it needs this x2 margin to account for many things that will happen in the future that we don’t know yet
Below you can find the table with Perceptrader AI test results on high-quality tick data from different sources:
Perceptrader AI: Risk management
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Perceptrader AI: Time settings
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Perceptrader AI: Strategy
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Perceptrader AI: Forecast settings (live trading only)
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Perceptrader AI has been integrated with both ChatGPT and Google’s Bard AI, giving the user the possibility to receive weekly market forecasts from these language models and filter trades according to them.
Here’s a video that explains how to configure this feature, and how it works:
Perceptrader ChatGPT & Bard Market Forecasts
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Here’s how the market forecasts functionality works:
Perceptrader ChatGPT & Bard Market Forecasts
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If you want to make use of the market forecasts functionality, the first step is to enable it from Perceptrader AI’s parameters.
To do so, head over to the “Inputs” section of the Expert Advisor, when you load it into your chart or if the EA is already loaded there, and scroll down until you see a section called “--> Forecast settings..”
Once there you can enable ChatGPT or Bards forecast by switching the value from “false” to “true”.
There is nothing else you need to do after that. If the values are set to “true”, Perceptrader will automatically use the forecasts to filter trades, without any intervention from you.
The forecast is the same for both language models, the only difference being how they word it. This means that the filter will work exactly the same way if you choose ChatGPT or Bard.
Perceptrader ChatGPT & Bard Market Forecasts
You can access the market forecasts functionality by clicking on the “Market forecast” button in Perceptrader AI’s user graphics interface, next to ChatGPT/Google Bard icons:
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Once you click on the button, a window will open, where you’ll be able to choose within two dropdown menus:
Perceptrader ChatGPT & Bard Market Forecasts
After selecting the language model and currency pair, click on the “Forecast” button, and you’ll receive your market forecast.
This is a brief technical analysis of the pair’s price action, chart patterns, and an educated guess of future market movements.
Based on this forecast, Perceptrader AI will filter trades, taking one of four paths:
It is very important to understand here that once you enable ChatGPT or Google Bard’s forecasts in your EA parameters, all this process will be done automatically.
Even though you can manually get the market forecast, that is not actually needed for the filter to work. That means if you activate the forecast in your EA parameters, and never click on the “Get forecast” button, the filter will still work.
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Perceptrader AI: Machine learning setup
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Perceptrader AI: Take profit settings
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Perceptrader AI: Stop loss settings
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Perceptrader AI: Grid settings
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[-Currency pair] - optional parameter specifying which currency pair the rule applies to. For example -EURUSD.
Example: USD,AUDGBP-GBPUSD-NZDUSD,CHFEUR-EURUSD,FOMC,Rate-AUDCAD
USD, - takes into account all news events for USD on all currency pairs
AUDGBP-GBPUSD-NZDUSD, - takes into account all news events for AUD and GBP on GBPUSD and NZDUSD currency pairs
CHFEUR-EURUSD, - takes into account all news events for CHF and EUR on the EURUSD currency pair
FOMC, - takes into account news events with the word (or part of the word) FOMC in the header on all currency pairs
Rate-AUDCAD - takes into account news events with the word (or part of the word) Rate in the header on AUDCAD currency pair
Perceptrader AI: News filter settings
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- Prohibit opening of the initial trade - the news filter only prohibits opening new initial trades.
- Prohibit opening of all trades - the news filter prohibits both the initial trades and the averaging ones.
- Close all open trades - the EA will close all trades before the news is released.
Perceptrader AI: News filter settings
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Perceptrader AI: Stock market crash filter settings
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- Direction - 1 for Buy, 2 for Sell
- TradeNumber - the number of trades from 00 to 99. 00 - for the initial trade, 01 - for the first averaging trade, and so on.
The resulting magic number can be, for example: 22648400, 12648403.
Perceptrader AI: Additional settings
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Perceptrader AI: Backtest settings
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COMMUNITY
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Telegram public channel
I strongly urge you to join my Telegram announcement channel.
Why?
Because there, you will have access to continuous updates and insights on my expert advisors, market trends, and algorithmic trading as a whole.
Staying informed with the latest and most relevant information will empower you to make informed decisions, allowing you to maximize your profits while effectively managing your risk.
Trust me, it can make a significant difference in your trading journey.
To follow the channel, simply click on the provided link and become a subscriber.
I recommend enabling notifications so that you receive immediate alerts whenever a new post is made.
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How to access to exclusive Telegram group
After purchasing your Perceptrader AI license, you will be able to join the exclusive private Telegram group.
Within this group, you will find a community of hundreds of experienced users who have been trading with my Expert Advisors for up to 3 years.
The groups are usually very active, with the members sharing their experiences and expertise daily, learning from each other and working as a team to achieve their trading goals.
Additionally, you’ll be able to find members of our team dedicated to providing technical support to whoever may need it.
Furthermore, I am involved in the groups, dedicated to assisting everyone with their queries and providing timely updates and relevant news.
Your satisfaction and success are my top priorities.
To join the Perceptrader AI group, simply look for the “Telegram” button inside the Expert Advisor in your user dashboard, and click on it.
You’ll be automatically redirected to the group, with an invite to join.
Perceptrader AI
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TESTIMONIALS
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Testimonials & reviews
Since their launch in June 2021, my Expert Advisors have garnered significant attention and have attracted over 3,000 clients.
Together, we have formed what I believe to be the most exceptional trading community worldwide.
The value and effectiveness of my Expert Advisors are truly measured by the feedback and experiences shared by my clients. Here are a few testimonials from some of them:
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AFFILIATES
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Affiliate program
In addition to earning profits through trading with Perceptrader AI, you also have the opportunity to generate income by participating in my affiliate program.
Since the launch of my website, you can now passively earn by sharing information about my Expert Advisors with others.
The affiliate program offers a base commission rate of 20%, with the potential to earn up to 50% in commissions from the sales you refer. Once accepted as a program partner, you will receive a unique referral link.
Simply share this link online, and for each person who visits the website and purchases an EA, you can earn commissions of up to 50% of the sale value. The referral link includes cookies that remain active for 90 days on the browsers of your referred individuals. This means that if they request a trial and make a purchase within 90 days, you will still receive commissions.
If you have any questions or concerns regarding our affiliate program, please don't hesitate to reach out to us at info@valerytrading.com. We are here to assist you!
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Affiliate program application
To join the affiliate program, you are required to submit an application, which will be thoroughly reviewed before acceptance. I am specifically seeking qualified partners who align with my values.
Given the less-than-ideal reputation of the Forex EA industry, I am committed to avoiding aggressive promotion by scammers who may falsely portray my expert advisors as a "holy grail" or a "get-rich-quick" solution. Such misleading claims misrepresent the realities of trading.
Rest assured that I prioritize authenticity and transparency in promoting my expert advisors, focusing on their genuine capabilities and potential benefits for traders.
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FREQUENTLY ASKED QUESTIONS (FAQ)
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Frequently asked questions (FAQ)
Although we strive to make trading with Expert Advisors as straightforward as possible, we understand that it can still be a challenging endeavor. Over the years, we have received numerous inquiries from individuals interested in our EAs. To assist you, we have compiled a list of the most commonly asked questions along with our typical responses. If your specific question is not included here, or if you require further assistance, please don't hesitate to reach out to us at support@valerytrading.com, and we'll be delighted to provide you with the help you need.
Q - How to fix the “Symbol Suffix” issue?
A - If your broker uses a suffix (e.g. EURUSD.a) you should change the ‘Symbol Suffix’ parameter to the suffix of your broker. In this case, it should be changed to .a instead of a blank value used by default.
Q - I got a “License error!” problem. What should I do?�A - To solve this error, you need to do two things:
1. Make sure necessary URLs are allowed in the MetaTrader terminal. For your convenience, I have attached the list of servers to add to this message
2. Make sure you correctly write your account number and whether you use MT4 or MT5 in the user dashboard
(Please refer to the “How to fix the license error! message” section of this guide)
Q - I added the necessary URLs but still have the “License error!”. What could be the reason?
A - The most common reasons for the license error are:
1. Registering the MT 5 license while using the MT4 terminal, or vice versa. That's the most common error. Please make sure you registered the correct terminal version.
2. Mistype in the account number. That's also common. You need to make sure the account number is typed correctly in the valerytrading.com dashboard.
3. Mistype in the URL. That's also common, that's why I provide a list of servers to copy from.
4. No account is registered in the dashboard. That's easy - just add it there, and it's done.
5. Trying immediately after adding the account. In this case, you can reload the EA.
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Frequently asked questions (FAQ)
Q - I have an “Other instances found!” error. What is the problem?
A - You only need to install one copy of the EA to trade on all pairs listed in the 'Symbols' parameter. Please, remove the excess copies, and the EA will work.
Q - I have the “MQL: trading not allowed!” error. What should I do?
A - To solve this problem, please, do the following:
1. Make sure the “AutoTrading” button is pressed
2. Click on the icon near the EA title in the upper right corner of the chart. There, go to the “Common” tab and make sure the “Allow live trading” tick is active.
(Please refer to p. 52 of this guide)
Q - I can't run the EA. It says that the expected lot size is 0.00, and I get this error:
“NZDCAD: Can't calculate lot size, because no data received: ACCOUNT_LEVERAGE / MODE_MARGINREQUIRED!” or “Failed to get MODE_MARGINREQUIRED.”
A - In most cases, this error means you've installed the EA on a symbol of your broker that's not tradable. Some brokers use suffixes on their tradable symbols, such as EURUSD.a instead of EURUSD. In this case, you need to install the EA on a chart of a tradable symbol (in this case, EURUSD.a) and also set the 'Symbol Suffix' parameter to .a to solve this issue. You may be confused as to why brokers do that. In some cases, brokers need separate trading pairs for indicative purposes (e.g., to calculate technical info, like your deposit load and margin level) and another set of pairs to be traded. In this case, they do it by making two sets of pairs - indicative ones without the suffix and tradable with it.
Q - What brokers can I work with? Can it be «<insert your broker name here>»?
A - The decision of which broker to trade with is one that has many factors to consider. Please refer to the “Brokers” section of this guide, where you will find extensive information about brokers, how to choose one, and my personal recommendations based on my own and my client’s experience.
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Frequently asked questions (FAQ)
Q - What type of account should I use - Standard, Raw Spread?
A - I recommend using ECN accounts with the lowest spread. If you use IC Markets, that’s a Raw Spread account. If you use Pepperstone, that’s a Razor account. This type of account can be named differently, but the overall execution is usually the best on the account with the lowest spread and with commissions, as opposed to accounts that include everything in the spread.
Q - What is the difference between the MQL5 and valerytrading.com licenses?
A - You get the EA to work on 10 different accounts with the valerytrading.com purchase (these accounts can be switched on the website if you need it) and 10 different PC/VPS (with no account limitation) in case of the MQL Market purchase. You get both MT4 and MT5 on the valerytrading.com website, but you need to choose only one with the MQL Market purchase. Depending on your mode of use, one or the other may fit you better.
Q - I have the error “M5 is needed” with the EA. What do I need to do?
A - This error means that you placed the EA that is optimized to trade on the M5 timeframe on the chart with another timeframe - for example, H1. So, the bars of your chart contain hourly data each, while the EA needs the chart with bars that contain 5-minute data. Just switch the chart timeframe, set the EA on it, and it should work.
Q - Should I use the AI filter with Perceptrader AI or not?
A - By default, the Perceptrader AI EA uses the neural net filter that’s set by the ‘Enable Neural Network Filter’ parameter. It was trained on hundreds of years’ worth of market data and makes results significantly better. I do not recommend turning it off. There is also a filter based on ChatGPT/Bard that allows the EA to perform additional market context analysis. While it can’t be tested yet, in most cases, it makes sense to turn it on for the EA to navigate safely during strong trending market scenarios. However, it sometimes makes trading less frequent. If you prioritize more frequent trading, you can turn it off.
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Frequently asked questions (FAQ)
Q - How many of your EAs can I run on ValeryVPS?
A - All of my EAs are optimized for performance. This means that code is efficient and does not usually load CPU. So, it mostly depends on how many MetaTrader terminals can a VPS run. ValeryVPS can support up to 5-6 terminals at once, each with different EAs. That means you can run more than a dozen of my EAs on 5-6 different terminals.
Q - My broker leverage is limited to 1:30. Would it be beneficial to choose another broker with higher leverage for the longer term?
A - If you plan on using higher than low risk settings with the Perceptrader AI EA, I recommend having a higher than 1:30 leverage. With a 1:30 leverage, you can only use low risks. Otherwise, you may run out of margin one day. After all, that's the reason for leverage restrictions - to make sure you can't use high risks in trading. However, if you are satisfied with using low risks, you can use them with such leverage.
Q - I get a “Not enough historical data!” error. How can I solve it?
A - There may be a couple of reasons for it. Depending on the reason, there are several potential solutions. Here are all of them:
1. Make sure you have at least these values in the MetaTrader settings. Having less might result in such errors (see screenshot)
2. Make sure that all pairs you wish to trade are in the Market Watch.
3. If both are correct, click through all the timeframes of every pair this error happens on.
4. If that didn't help, reinstall the terminal.
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Frequently asked questions (FAQ)
Q - Is Perceptrader AI the best of your EAs for prop firms, or do you suggest buying another of your products?
A - It depends on the exact conditions of the prop firm you mean. Some prop firms have specific requirements, like the prohibition of grid trading, mandatory closure of all trades before weekends, very small leverage (like 1:10), and so on. Such conditions may or may not make PAI a preferred solution for the prop firm. If you can tell me what their conditions are in detail, I can give you a specific answer.
Q- I tried downloading the latest EA version, but I still get an old one from the valerytrading.com website. How can I solve it?
A - Sometimes, a web browser caches the old file, and you get it when trying to download the new one. To solve this, please clear the cache of your browser or use the Incognito mode to download the new version.
Q - What should I do to make the EA FIFO-compatible?
A - The current version of the FIFO rule forbids two things: having orders of the same lot size and having orders in opposite directions. That's a bit simplified, but that's how it is. To have all orders of different lot sizes, you need to set the '2nd Trader Multiplier' to something which will give you the lot size of the second trade that is not the same as the first one. The value you need depends on the risks you use and your deposit size. If you use small risks on a small deposit, you may need 1.5 or even 2 to change from 0.01 lot to 0.02. If you have a big deposit size, even 1.1 will be enough to change, let's say, 0.1 to 0.11. To avoid orders in the opposite direction, you need to set the 'Allow Hedging' setting to false. This way, you won't have FIFO violations.
Q - I would like to buy the EA from you. How many accounts can I use it on?
A - You get the EA to work on 10 different accounts with the valerytrading.com purchase (these accounts can be switched on the website if you need it) and 10 different PC/VPS (with no account limitation) in case of the MQL Market purchase. You get both MT 4 and MT 5 on the valerytrading.com website, but you need to choose one with the MQL Market purchase.
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Earnings & Risk Disclaimer
U.S. Government Required Disclaimer
Trading foreign exchange ("forex") on margin has large potential rewards but also carries a high level of risk. You must be aware of the risks and be willing to accept them to invest in the foreign exchange ("forex") markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this guide or valerytrading.com website. The past performance of any trading system or methodology is not necessarily indicative of future results.
*CFTC RULE 4.41(b)(1)/NFA RULE 2-29 – SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE BEING SHOWN.
NO REPRESENTATION IS BEING MADE THAT ANY PERSON WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Be warned that there is a possibility to lose real money if traded on a real money account, and the owners of valerytrading.com can NOT be held accountable for any losses that may occur including from any potential software bugs/glitches or malfunctions.
Valerytrading.com and its owners assume no responsibility for errors, inaccuracies or omissions in these materials. They do not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Valerytrading.com and its owners shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials.
We assume that you are legally permitted to purchase and use our products. Making sure that you are following the global and local laws and legislations is your responsibility. We cannot be held responsible for any damages or lawsuit against you due to such regulations.
All information on this guide or any software and or guide purchased from our website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibility for your actions, trades, profit, or loss, and agree to hold the owner of valerytrading.com and any authorized distributors of this information harmless in any ways. All rights reserved. The use of this website and or its contents constitutes acceptance of our disclaimer.
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