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Admin
Posted: Tuesday, March 03, 2009 4:57:02 PM
Rank: Administration
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Joined: 2/3/2009
Posts: 92
Points: 6
This section is full description of using PipCastInvestor package. For brief startup tutorials and subscription tips follow this Link


Please download latest revision of PipCastInvestor form site.

Before using PipCastInvestor you need to install .Net framework 2.0 or 3.5 form Microsoft. .Net framework is a library for developing windows applications. PipCastInvestor needs this library to run.

Many applications including Microsoft Office 2003 and later install .Net framework on your computer. So this library may be pre installed on your computer. We recommend:
First download PipCastInvestor and try to execute .exe file. If it runs, but shows error messages, then you have .Net framework on your system. But if it doesn't run, then you need to download .Net framework from one of these address:

for 32 bit windows (most of us use this windows):

.Net framework Ver 2.0 ServicePack 1
http://www.microsoft.com/DOWNLOADS/details.aspx?familyid=79BC3B77-E02C-4AD3-AACF-A7633F706BA5&displaylang=en

.Net framework Ver 3.5 (Newer but large download size)
http://www.microsoft.com/downloads/details.aspx?FamilyID=ab99342f-5d1a-413d-8319-81da479ab0d7&displaylang=en


for 64 bit windows:
http://www.microsoft.com/downloads/details.aspx?FamilyID=98e83614-c30a-4b75-9e05-0a9c3fbdd20d&displaylang=en

Important note: Using latest version of .net Framework (currently 3.5 with SP 1)is recommended. At any time you can find the latest veriosn by searchin ".net framework" in Microsoft site.

To find out current version installed on your machine please follow this link.
Admin
Posted: Tuesday, March 03, 2009 5:04:31 PM
Rank: Administration
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Joined: 2/3/2009
Posts: 92
Points: 6
Inside of .zip file, there are two files: .ex4 and .exe
.ex4 is an expert advisor and is installed on a chart in your MetaTrader.
.exe is the messenger that reads trading commands.
Admin
Posted: Tuesday, March 03, 2009 5:07:30 PM
Rank: Administration
Groups: Administration

Joined: 2/3/2009
Posts: 92
Points: 6
For installing PipCastInvestor.ex4(expert advisor) do the following things:

Copy this file to your MetaTrader\experts directory. Close MetaTrader and open it once again, then:




Forget about these settings for this time, later we will talk about it.


OK




Admin
Posted: Tuesday, March 03, 2009 5:57:08 PM
Rank: Administration
Groups: Administration

Joined: 2/3/2009
Posts: 92
Points: 6
Copy PipCastInvestor to MetaTrader\Experts\Files directory. And after running the expert advisor, run PipCastInvestor.exe. UserID and password are available in ControlPanel page of PipCast.

After clicking Sign In, you must see the green button:


If you hide the progaram, at any time you can restore it by double clicking the related Icon in System Tray (clock area of windows.)

If you turn the computer off, next time you open MetaTrader, expert starts working automatically. But yo need to start the .exe file manually or put a ink in Startup section of windows.
Admin
Posted: Tuesday, March 03, 2009 6:12:21 PM
Rank: Administration
Groups: Administration

Joined: 2/3/2009
Posts: 92
Points: 6
In next few posts we will review the meaning of other input parameters of expert advisor. All of these fields are for limitting or increasing volume of trades from special channels. In case you need to do so, please also let us assist at info@pipcast.net.

For completely stopping receiving signals from a certain channel, uncheck the related check boxes here.

Slippage: is the difference between instruction price and current price on your MetaTrader. This slippage must be limitted. Default allowed value is 10 pips. You can change this value and specially for 5 digit brokers you beed to change this value to 100.

In next 6 parameters you have the option to limit slippage specially for 3 symbols. For examle:
Slippage_Control_Symbol_1=EURUSD
Slippage_Control_Pips_1=30

Admin
Posted: Tuesday, March 03, 2009 6:22:59 PM
Rank: Administration
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Joined: 2/3/2009
Posts: 92
Points: 6
MaxMagicNumberOfOtherExperts:

Expert advisors usually set a magic number for trades which lets them recognize their own trades when closing it. This option is useful if you are using another Expert advisor on your account. In this case (if you know the magic number) enter the value in this field to avid conflicting between two experts.

Other wise forget about this option.

NOTE: If you don't know the magic number, this is not an important matter because MagicNumber of PipCastInvestor changes every time and conflict with another expert may happen only once in your whole trading life.



Admin
Posted: Tuesday, March 03, 2009 6:42:02 PM
Rank: Administration
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Joined: 2/3/2009
Posts: 92
Points: 6
ChannelIDForLeverageControl_1 ~ 10
MaxAllowedLeverage_1 ~ 10
MaxAllowedLeverageConstantly_1 ~ 10

3 fields to ghether are used to control leverage of a channel. 10 groups of fields are used to limit leverages of 10 channels.

Assume we don't want to let channel 123 to have leverage of more than 5 because it uses a reckless trading style:

ChannelIDForLeverageControl_1=123
MaxAllowedLeverage_1=5
MaxAllowedLeverageConstantly_1=false

This 5 is compared with max allowed leverage of channel (default is 10 unless trader has changed this value ) and the resulting ratio of 0.5 is applied to leverage of all instructions from this channel.
Setting 3'd field to true changes this behavior and from now on, all trades of this channel are executed with leverage of 5.

You can select any large or small value for MaxAllowedLeverage.
If resulting volume is too low, minimum allowed volume for that symbol is automatically applied.
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