5.1 KiB
5.1 KiB
Quantum Forex Trader - Quick Start Guide
5-Minute Setup for Beginners
Step 1: Install Files (2 minutes)
-
Find your MT5 data folder:
- Open MetaTrader 5
- Click: File → Open Data Folder
- Navigate to: MQL5 → Experts
-
Copy the QuantumForexTrader folder to the Experts directory:
- Copy the entire
MQL5/Experts/QuantumForexTrader/folder - Paste into your MT5 Experts folder
- Final path:
[MT5_DATA]\MQL5\Experts\QuantumForexTrader\
- Copy the entire
Step 2: Compile (1 minute)
- Press F4 in MT5 to open MetaEditor
- In Navigator, expand Experts → QuantumForexTrader
- Double-click QuantumForexTrader_Scalper.mq5 to open it
- Press F7 to compile
- Check bottom panel: Should show "0 error(s), 0 warning(s)"
- Close MetaEditor
Step 3: Attach to Chart (2 minutes)
- Open EUR/USD chart in MT5
- Change timeframe to H1 (1 Hour)
- In Navigator, expand "Expert Advisors" → "QuantumForexTrader"
- Drag QuantumForexTrader_Scalper onto the chart
- In the dialog that appears:
- Common tab: Check "Allow Algo Trading" ✓
- Inputs tab: Leave everything default for now
- Click OK
Step 4: Verify It's Working (30 seconds)
Look for these signs:
- ☺ Smiley face in top-right corner of chart (good!)
- ✗ If you see an X, click the "Algo Trading" button in toolbar
- Check Toolbox → Experts tab for initialization messages
Expected Log Messages
When EA starts successfully, you'll see:
=== Quantum Forex Trader Initializing ===
Symbol: EURUSD
Timeframe: H1
Account Balance: [your balance]
=== Configuration ===
History Bars: 256
Confidence Threshold: 3.0%
Risk Per Trade: 1.0%
=== Quantum Forex Trader Initialized Successfully ===
What Happens Next?
The EA will:
- Wait 60 seconds between signal checks
- Analyze 256 bars of price history
- Generate signals when conditions are met
- Open trades automatically with SL and TP
Time to first trade: Could be 1 hour to 1 day depending on market conditions
Recommended First Settings
For demo testing (start here!):
| Parameter | Value | Why |
|---|---|---|
| Symbol | EUR/USD | Most liquid, lowest spread |
| Timeframe | H1 | Good balance |
| Risk % | 0.5% | Very conservative |
| Max Positions | 1 | Safest start |
| Stop Loss | 50 pips | Reasonable for EUR/USD |
| Take Profit | 100 pips | 2:1 reward ratio |
Common Issues & Quick Fixes
Issue: EA shows ✗ instead of ☺
Fix: Click "Algo Trading" button in toolbar (should turn green)
Issue: No trades after several hours
Possible reasons:
- Market conditions don't meet criteria (normal)
- Spread too wide (wait for better conditions)
- Outside trading hours (check time filter settings)
Action: Be patient! Check Experts log for "SIGNAL DETECTED" messages
Issue: Compilation errors
Fix:
- Ensure ALL 5 files (.mq5 and .mqh) are in Experts folder
- Check file extensions (not .txt)
- Re-download files if corrupted
Safety Checklist
Before going live:
- Tested on demo account for at least 1-2 weeks
- Understand all parameter settings
- Started with conservative settings (0.5-1% risk)
- Checked Experts log shows no errors
- Account balance sufficient ($500+ recommended)
- Using major pair (EUR/USD, GBP/USD, USD/JPY)
- Monitoring daily for first week
Quick Reference: Parameter Presets
Ultra Conservative (Recommended for beginners)
InpRiskPercent = 0.5
InpMaxPositions = 1
InpConfidenceThreshold = 0.05
InpMomentumThreshold = 0.15
Conservative
InpRiskPercent = 1.0
InpMaxPositions = 1
InpConfidenceThreshold = 0.04
InpMomentumThreshold = 0.12
Moderate
InpRiskPercent = 1.5
InpMaxPositions = 2
InpConfidenceThreshold = 0.03
InpMomentumThreshold = 0.10
Aggressive (Not recommended for beginners!)
InpRiskPercent = 2.0
InpMaxPositions = 3
InpConfidenceThreshold = 0.02
InpMomentumThreshold = 0.08
Monitoring Dashboard
Check these metrics daily:
| Metric | What to Look For | Action If... |
|---|---|---|
| Balance | Increasing over time | Keep going! |
| Equity | Close to balance | Normal |
| Drawdown | < 20% | Good |
| Open Positions | Within max limit | Normal |
| Smiley Face | ☺ showing | EA active |
Need More Help?
- Full instructions: Read USER_MANUAL.txt
- Technical details: Read QUANTUM_EA_README.md
- Troubleshooting: See USER_MANUAL.txt section 9
- FAQ: See USER_MANUAL.txt section 10
Remember
✓ DO:
- Test on demo first
- Start conservative
- Monitor regularly
- Keep learning
✗ DON'T:
- Use on live without testing
- Risk more than 2% per trade
- Disable risk management
- Panic on first loss
Next Steps
After 1-2 weeks of demo testing:
- Review trade history
- Check win rate (aim for >50%)
- Verify drawdown stayed under limit
- If satisfied, consider live with small account
- Start with same conservative settings
- Gradually adjust based on results
Questions? Read the complete USER_MANUAL.txt file!
Ready? Let's start trading! 🚀