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Frequently Asked Questions

Solution Frequently Asked Questions

General Questions

What is Forex Management System (FMS)?

Forex Management System is a developed concept of making a trader’s management of open trades simple by protecting the profits earned, as well as mechanical in execution without any significant delay. This ensures the trader’s trading plan is being followed and executed precisely each and every time the way he/she wants it to be.

Is Forex Trailer part of FMS?

Yes. Forex Trailer is a set of mechanized rule for traders to exit their trades. Not only it forms part of a trading plan, it also free-up any emotion attached to trading. Freeing traders’ time will greatly benefit them as more time can be used to spend with family or performing investment analysis.

How can FMS help me in my trading?

It helps the trader to manage his open trades, thereby freeing him time to do other things. In addition, Forex Trailer provides a mechanical way to exit trade, avoiding emotions during trading. Partial close will allow trader to take small profits while staying in trade for a risk free profit (stop-loss is shifted to entry price) if direction of the trend indeed proof itself.

What is Metatrader 4?

Metatrader 4 is a trading platform where you get live price feeds, news and other features like indicators and plotting tools. Metatrader 5 is currently in the works right now.

What is Expert advisor (EA)?

Expert Advisor is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades for you!

Why are we selling Forex Trailer?

We believe that our software and solutions will aid traders greatly in their trading online. It is because we use this software in our trading and have benefited our performance greatly. By selling our proprietary indicators, tools and systems, we seek to be recognized in the forex industry.

Specific Forex Trailer Questions

What is Forex Trailer?

Forex Trailer is a fully independent software robot which manages traders’ positions in the foreign exchange market. Forex Trailer ensures they are closely monitored to close for optimum profits. Robots such as Forex Trailer are called Expert Advisors or EA, and are attached to the currency charts in the MetaTrader 4 trading platform which is provided by forex brokers. Forex Trailer was created by Warren Seah and his team.

Does Forex Trailer have monthly subscription fees?

No. This is a one-time payment, you will never be charged again.

Will I be up-sell an advanced version of the software?

No. We do not up-sell clients any advanced version software. All updates and new strategies will be available to client for FREE.

Can I run several Forex Trailer softwares at the same time?

Sure. You can run unlimited EAs in demo accounts and up to a maximum of 5 EAs in live accounts at any one time. It is capped at 5 to prevent software piracy. If you wish to use this EA in more than 5 live accounts, you can purchase additional license for a nominal fee here.

How do I ensure that Forex Trailer is managing my trades?

Forex Trailer requires that you enter the ticket order so that it will monitor the specified trade position. If a trade position is indeed monitored by Forex Trailer, you will see a smiley on the currency chart which you have attached Forex Trailer to, and “EA Operational” on the top left hand corner of the same chart.

Can I adjust parameters of the Forex Trailer advisor?

Yes, Partial closed Lot %, partial closed pip target. Indicators parameters are fully customizable by trader when it is used for trailing stop. Example, trailing by moving average will include parameters:

Method= 0,1,2,3,4 (simple, exponential, smoothed, weighted)
Apply to= 0,1,2,3,4,5,6,7 (close, open, high, low, HighLow/2, HighLowClose/3, HighLowOpenClose/4)

Can Forex Trailer work with other Expert Advisors?

In most circumstances, Forex Trailer will enhance the performance of other EA trading system. If you decide to use Forex Trailer to monitor the trades placed by other EA trading system, it is important that you fully understand the exit strategies recommended by your EA system provider and use Forex Trailer to exit your trades accordingly.

Forex Trailer works well with most semi-automated trading systems. It is important when using Forex Trailer along with other EAs, it is required that you ONLY attached Forex Trailer to a new currency chart because one chart can only accommodate one EA.

Is this complicated to setup with my current metatrader account?

Absolutely not! It is simple to drag/drop the Expert Adviser into your Metatrader account. Our clients usually import and start playing with it few minutes after downloading it. And you can too.

So is Forex Trailer totally hands-free?

Forex Trailer will only be totally hands-free after you placed it on a chart and set your intended parameters with your trade still going on. It is required you have a stop loss value enter before applying Forex Trailer. From then onwards, Forex Trailer will take care of your trade automatically.

What about using Forex Trailer with different brokers?

You can use Forex Trailer with different brokers only if your broker has its services used on the Metatrader platform.

What do you mean by Semi-automated system?

Semi-automated systems are EAs that are written in MQ4 language which are normally developed with the purpose of providing trading signals. They will give advice on how to enter and exit trades via their signals generated but do not perform the physical work of executing for you.

Will Forex Trailer have any future updates?

Yes. We are always looking to improve and add effective strategies to our trade management system portfolio and we will deliver it first-hand to you with updated strategies so that you can get to learn and enjoy trading better!

Will Forex Trailer work in future Metatrader platform versions?

Yes. We will be updating our Forex Trailer software accordingly to the latest Metatrader platform version so that you can use it.

Guarantee and Support

What if I am not happy with the package?

From the moment you purchase Forex Trailer, your investment is protected by our 8-Week, Iron-Clad, Clickbank Money-Back Guarantee — that's a full 60 days trial! So if for some reason you decide that the system isn't really for you simply contact us and you will be supplied with a prompt and full refund.

Do you provide support?

We provide rapid email support and online ticketing to our members. You will find them in the member area. Feel free to contact us if you have any questions or problems.

Do you provide video tutorials and instructions?

Sure, we have prepared video tutorials for you and the Forex Trailer User Manual. In addition to the basic help you need, we will provide you with Forex education through our Insider guide to Forex Trailer where we will expose what lies behind this software!
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Article ID: 1
Category: Knowledgebase
Date added: 2010-02-11 19:04:56
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