SILVER EDITION

www.lerosa-fx.com

Automated Forex System

Version 2
Copyright © 2009
 U.S. Government Required Disclaimer

Commodity Futures Trading Commission Futures and Options trading has large
potential rewards, but also large potential risk. You must be aware of the risks
and be willing to accept them in order to invest in the FOREX, futures and
options markets. The past performance of any trading system or methodology is
not necessarily indicative of future results.
 Getting Started With Lerosa Pro FX

The LEROSA FX PRO requires the “MetaTrader 4” trading

platform which is freely available from a wide selection of Forex brokers.

Some of them are listed at the bottom of the document.

When choosing a broker make sure to consider:

− if the broker is regulated by home country regulatory body
− pip spread: 2-3 pips
− fast order execution
− free demo account available
− leverage: at least 1:100

After selecting the appropriate broker you should open live or demo account with them. Here is the
example of ForexMeta broker.
As you can see, you should complete the left-hand form to request a live
trading account (and qualify for any current cash bonus) and the right hand
form to request a practice account.

After submitting your details, you will be presented with a link to download MetaTrader 4, please find
the installation manual on broker’ s website.

Once MetaTrader 4 has been installed, the next thing to do is go to the

Tools – Options menu.
Select the Expert Advisors tab and ensure that the highlighted options
are set exactly as shown below:

Do not overlook the “Confirm DLL function calls” option (which should be
unchecked) when doing this or the robot will not function correctly later.
You may also wish to uncheck “Disable experts when the account has
been changed” and “Disable experts when the profile has been changed”
options though this is more of a convenience rather than a requirement.

Click the “OK” button to continue.

The next stage is to install the Lerosa Pro Fx robot but before doing
so, Metatrader 4 should be closed down by clicking the large “X” button in
the top-right of the application window as shown:
 Installing Lerosa Pro Fx

Having downloaded the robot to your Windows Desktop, first locate the
icon.

Open (unzip) file.

Depending upon how your computer is set up, the Lerosa Pro Fx icon may
look like this:

The next thing to do is locate the correct folder to install the robot into.

As standard, all installations of MetaTrader 4 follow a specific convention

for installing the various files which make up the MetaTrader system:
C:\Program Files\MetaTrader Folder\experts
Primary Path Application Folder Robots Folder

Unless you have deliberately chosen a different location, the Primary Path
(C:\Program Files) will always remain constant. The only variation
appears in the newer 64-bit (x64) versions of Windows where older, 32-
bit applications such as MetaTrader 4 are installed into the “C:\Program
Files” folder.

By contrast, the Application Folder varies for every broker providing

MetaTrader 4 and is the reason for the earlier suggestion to make a note
of the installation folder during the MetaTrader 4 installation process.
If you are not certain where your installation is located then one simple
way to find out :
Having confirmed the location of MetaTrader 4, it is a simple task to
Navigate there and install the robot.

To do this open the folder

Simply click the Lerosa Pro Fx icon using your left mouse
button and drag it into experts folder of MetaTrader Folder
...as shown here, the robot will appear in the “experts” folder as you can see:

...and will be available to you from within MetaTrader 4.

 Using Lerosa Pro Fx

Having installed the robot, reopen MetaTrader 4 and check the Navigator
pane on the left side of the MetaTrader 4 window:

Clicking the small [+] to the left of “Expert Advisors”...

...will expand that section to display the available experts (robots):

If everything is correct then the list will contain the “Lerosa Pro Fx” robot
along with any other expert advisors that you have installed or were
provided as part of the MetaTrader 4 system.

Please note that the Lerosa Pro Fx icon is gray whilst other icons in the list
are colored – this is perfectly normal.
A colored icon means that you have the “source code” for that particular
expert i.e. the instructions that tell the expert how to trade. A grey icon
means that you do not – almost all commercial experts will be gray.
To begin trading, you will require a EUR/USD chart.
Open new chart. To open a new chart, click the New Chart button in the
toolbar:

...then click EURUSD.

The chart timeframe usually defaults to “H1” but if

not, simply click the H1 button in the toolbar:
Once the chart is open, left-click the “Lerosa Pro Fx” icon in the
Navigator and it drag to the chart.

Important: Do not change the chart timeframe once the robot is

attached.

When you drop the expert advisor onto the chart, a “Properties” dialog
window will open. The dialog contains two tabs – “Common” and
“Inputs”.
The Common tab looks like this:

It is very important that all three of the settings circled in red match the
image above or the expert advisor will not function correctly.
Please pay special attention to the “Confirm DLL function calls” option
which should be unchecked.
The Inputs tab looks like this:

CONSERVATIVE MODE:

MODERATE:
AGGRESSIVE:

You can see that Inputs tab, unlike many robots out there, has no adjustable settings at all, meaning that this is a
real robot and all adjustments are done by him. You just select one of three types of trading regarding
aggressiveness, which feature more human nature involving greed and fear and has nothing to do with robot. To
set desired level of aggressiveness just type for conservative 0.025, for moderate 0.045 and for 0.065 in
appropriate box.

This EA can run both, with ECN broker and retail broker as selected in expert property
window. When ECN is false The EA operate under normal conditions, meaning that SL
and TP are placed along with the entry order. When ECN is false the EA is running as
requested by ECN broker.
Pay attention to!
You must insert broker data as follows:

Minimum Lot, Maximum Lot and Lot Increment. Lot Increment is a minimum lot increment allowed by the
broker.

Example:

*standard

Minimum_Lot=0.1 Maximum_Lot=100 Lot_Increment=0.01

Minimum_Lot=0.01 Maximum_Lot=100 Lot_Increment=0.01

Warning
1. You must pay attention to minimal deposit. If you want to keep to recommended risk for conservative
mode and your broker's minimal lots are 0,1 then your deposit should be at least $3000. For moderate
trading minimal deposit should be at least $4,500 and for aggressive trading the minimal lots should be
at least $8,000. That's all valid if your minimal lots are 0.1. Additionally, you have to pay attention to
the leverage you are using. We recommend leverage 1:100, if you are using the leverage 1:400 then
you have to adjust the risk consequently in order to follow recommended risk levels.

2. If you want to switch to now setting (conservative, moderate, aggressive) during the operation
of the EA make sure that last 2 positions were close in profit.

Once the new settings are entered, click the OK button to restart the
Expert advisor.

Depending on how well you have followed instructions so far, there will be
one of three possible things displayed in the top-right corner of the chart
with the robot attached:

The first possibility is a “X”, as shown below.

This means that expert advisor has not been enabled and can be
confirmed by the red “Expert Advisors” button in the toolbar:

The next possibility is a sad face, as shown here:

This means that the Common tab settings are incorrect. Either press the
“F7” key or click the sad face to open the properties dialog window again
then confirm that the “Allow live trading” setting is checked before
clicking the “OK” button.

The final possibility is a smiley face which means that the robot is
Correctly configured:
Please note:

Our EA is very robust and stable since it's trader oriented system with automated money management and risk
and protection adjustment to stand more consecutive losses without endangering the overall performance. EA
is also designed to cope with each environment and one must be patient to start earning properly, since this
depends heavily on current market situation, which is constantly evolving and changing.

For additional help or information please contact us via http://www.lerosa-fx.com/hdesk

Lerosa FX PRO_V.2
Retail Forex Brokers List

Forex Account
Division Opening
Brokerage Firm Founded Regulated by Margin Requirement/ Minimum

Leverage

2006 SFSA 100:01:00 $5,000

SWEDISH FOREX

1989 NFA, FSA, ASIC, BAFIN, OSC 100:01:00 $2,000

CMC MARKETS

1999 NFA, CFTC 100:01:00 $250

200:01:00
FOREX.com
2002 100:1 and 200:1 $500

FXDD

1992 DFSA 100:01:00 $2,000

SAXOBANK
1997 NFA, FSA, CFTC, SEC, ASIC up to 400:1 $250

GFT

2005 ARIF, SFDF up to a trader $300

CROWN FOREX

2001 NFA, CFTC up to 400:1 $250

FXSol

2004 NFA, CFTC 100:01:00 $500

ODLS.com

1991 SFBC 100:01:00 $ 500

SYNTHESIS BANK

n/a n/a $ 20 $ 20

REAL TRADE

1992 NFA, CFTC 100:01:00 $500

MGFOREX

1870 FSA up to 100:1 $5,000

DBFX

1999 NFA, CFTC 400:01:00 $200

CMS FOREX

1999 NFA, FSA, CFTC 200:01:00 $300

FXCM
n/a n/a 100:01:00 $500

COMPASSFX

2003 FSA 1:50 $200

IG MARKETS
2004 n/a 0,111111111 $100

FINEXO

2006 ARIF up to 1:100 $1000

TADAWUL FX

2001 NFA, CFTC 100:01:00 $250

INTERBANKFX
1992 FSA 40:01:00 $25,000

MAN FINANCIAL M
2001 CFTC, NFA 2% $7,500
HOTSPOT FX
1998 NFA 200-to-1 $500

FXLITE
2001 n/a 0,111111111 $200

ADMIRAL

2005 OAR-G 200:01:00 $5,000

WESTCAPFX
2005 NFA, CFTC 100:01:00 $10

FOREX CLUB

2003 ARIF, SFDF 200:01:00 $2,000

MIG

2002 SFDF 1% $5,000

ACM

2005 Polyreg 200:01:00 $2,000

FOREX.CH

2004 SEC, CFTC, NFA 2% $5,000

INTERACTIVE BROKERS
1996 n/a 1% $2000

FOREX

n/a n/a up to200:1 $500

EURONET
2004 NFA, CFTC 100:01:00 $500

VELOCITY4X
 1995 NFA, FSA, CFTC 100:01:00 $500

IFX MARKETS

2005 n/a up to 1:200 $1

LITEFOREX

FXEgypt 2005 n/a up to 1:500 $25

1980 NFA, CFTC $1000

PFG

1999 IFSC 200:01:00 $250

GCI Financial

1998 ARIF n/a $50 000

DUCASCOPY

2001 n/a up to 1:500 $100

NORTHFINANCE

PropFX n/a n/a up to 200:1 10

1998 FSA 100:01:00 $200

ALPARI
FX-PRO 2002 n/a 10% $1000
2004 NFA, CFTC 0,111111111 $5000

RCGFXTRADER
1996 NFA, FSA, CFTC up to 2% $1

OANDA.com
2005 n/a n/a $1

MARKETIVA

1989 CySEC, FSA, BAFIN, MFA up to 200:1 $100

WINDSOR BROKERS

2001 n/a up to 1:100 $200

FOREXSERVICE

NFA / CFTC through

2004 MBTrading Futures, Inc. 100:01:00 $400

EFX GROUP
NEUIMEX 2004 n/a 1% n/a
2003 n/a 0,111111111 $200

FXINTEGRAL

BANK

n/a n/a up to 1:200 $100

FINMARKET
2005 NFA, CFTC 0,111111111 $500

SNC investments
n/a NFA, CFTC 0,180555556 $300

RFXT

TeleTRADE 1994 n/a 0,180555556 $2000

2005 n/a 0,180555556 $100

FOREXYARD
2004 IDAC 0,180555556 $250

QUESTRADE

2005 n/a up to 1:400 $1

FXCAST
2005 NFA, CFTC 0,111111111 $500

DIRECTFOREX
1999 CFTC, NFA 100:01:00 $400
MB TRADING
2006 n/a 0,111111111 $5000

X-TRADE BROKERS

2001 n/a n/a $50

EASY FOREX
1999 n/a 0,180555556 $100

HIGHSTREET
2003 n/a 0,111111111 $200

FXINTEGRAL

BANK

2007 DonauCapital Wertpapier AG 0,111111111 $25

FOREX WEBTRADER
This Forex Broker Comparison List is Sortable, Just Click On The Header Text once or twice.
*Information is subject to change at any time
**We do not guarantee the accuracy of the information in this list, if you know of any discrepancy please email
us and we will update the list.
***Some information is unavailable to us in our research and is indicated by two dashes "--"

Find more about meta trader 4 brokers using the link below.

http://www.100forexbrokers.com/mt4forexbrokers

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