FAQ CSM EA V5.2 - Forex Auto Trading Tools · 2020. 8. 23. · MT4 account ID? The license is for lifetime and you can activate it on different account numbers. Since your MT4 license

FAQCSM EA V5.2.1A Currency Strength EA

Telegram: t.me/CSMEA

www.forexautotradingtools.com1

Designed and coded by Do Duc Linh, Ph.D (LEO)

What is the CSM EA (Expert Advisor)?■ The CSM EA is a trend following MT4 Expert Advisor that uses a pure price action strategy

using currency strength indicator.

■ The CSM EA takes into account the relative strength of the currencies and makes trades whereit finds currency pairs that have strong and weak currencies.

■ This EA does not use any risky strategies such as Martingale, Hedging, Grid, Averaging,Arbitrage, etc. It takes only one trade per chart at a time. It also avoids related currency pairswhen there is a trade. Every trade is opened with proper stop loss and take profit.

■ The CSM EA uses the currency strength meter to find the strongest trend, then looks forpullbacks to enter the market.

■ This is a fully automatic trading EA. All you need to do is to set it up and forget.

■ No worries about red news, because the EA can avoid high impact news time using a newsfilter.

■ With the CSM EA you no longer have to worry if you are doing the right things or not and youno longer have to read the news and financial statements. Instead, the CSM EA will do all thesefor you consistently because it has been told to do so.

■ All you have to do is to let the system work while following the defined rules of CSM strategyand you sit back and watch the trades play out.



What is a Currency Strength Meter?

■ So what is a currency strength meter, or a currency strength indicator?

■ Simply, a currency strength meter is a visual guide that demonstrates whichcurrencies are currently strong, and which ones are weak.

■ Currency strength indicators use the exchange rates of different currency pairsto produce an aggregate, comparable strength of each currency.

■ CS indicators help us to identify the strength of the trend and answer the basicquestion, Is the market trending, or is it in a range?



What is the CSM strategy?The CSM strategy included inside the CSM EA is a pure price action

strategy that can be described as below:

■ First, we use the Currency strength indicator that is build-in the CSM EA to find

trending forex pairs.

■ Then, we look for pullbacks/retracements to open trade following the trend.

■ Stop-loss is calculated based on the ATR value of that forex pair. The take-profit

target is set to at least 1R.

■ We do not open new trade on that pair if the running trade is not closed yet. Hence,

this CSM strategy totally fulfills the FIFO rule.



Can I move my license to a different MT4 account ID?

■ The license is for lifetime and you can activate it on different accountnumbers.

■ Since your MT4 license is locked to your MT4 account ID the YWY EA will workonly on the MT4 account number and name you have submitted during licenseregistration. If you want to move your license to a different MT4 account IDplease let me know. I will do this for you. Your previous account ID will becompromised then.



What about Forex economic news impacts?

■ The CSM EA has a live data feed of all important Forex news. These data aresynchronized with the EA meaning the EA knows and can determine what to doand if to trade or not.



How many pairs the EA is running and what time frames?

The CSM EA must be run on these 28 forex pairs on H1 timeframe to get best results:

■ EURUSD; EURJPY; EURGBP; EURCHF; EURAUD; EURCAD; EURNZD;

■ USDJPY; USDCHF; USDCAD;

■ GBPJPY; GBPUSD; GBPCHF; GBPNZD; GBPCAD; GBPAUD;

■ NZDCAD; NZDJPY; NZDCHF; NZDUSD;

■ CADCHF; CADJPY; CHFJPY;

■ AUDCHF; AUDCAD; AUDNZD; AUDUSD; AUDJPY;



The EA trades with TP and SL?

■ Of course! The EA uses TP and SL. SL is calculated using the ATR value on each pair.



Can I run the CSM EA with other trading systems on the same MT4?

■ Counter-question! Do you put gasoline and diesel in the same car? The CSM EA is a very need the MT4 station for himself.

■ When you run the EA, you CAN trade manual with the same MT4, but no install

another EAs.



What happens when I add additional money to my account?

■ Nothing, if you select automatic position sizing based on account balance risk percent, it would increase the calculated lot size.



Should I run the CSM EA on a VPS?

■ Yes you should, It makes so much sense to have the EA running on a VPS. You get a

high performance infrastructure with stable internet connection.

■ You do not know what VPS services provider suits this EA? Check my VPS service,

that is cheapest on the market and collocated in the U.S. Select your plan from $5

per month here:

https://forexautotradingtools.com/product-category/vps-services/



https://forexautotradingtools.com/product-category/vps-services/

For how long will the trades be open?

■ The CSM EA trades on H1 time frame using a day trading strategy, so trades can be open from a few hours up to one day or two.



Can I attach indicators on the CSM EA chart?

■ It is not recommended, but you can attach any indicators on the chart with running CSM EA for visual purpose.

■ The CSM EA calls and reads data from CSM indicators itself without loading them on the chart.



How to stop the CSM EA?

■ If you want to prevent the EA from opening new trades, then you need to turn off the MT4 auto-trade function. If there are still open trades on your account, you will take care of them manually until all are finished.

■ Since you have turned off the auto-trade function, no new orders will be taken.



Can I close trades manual?

■ Definitely Yes! If you see good positive floating on your account which the CSM EA is running on, you can close all trades to lock your profit.



What is the required account size and the recommended lot size?

■ You can trade with CSM EA on 28 pairs with $100 balance.

■ But to get best effects and results, I recommend minimum account balance of $300 for 28 pairs.

■ The recommended lot size is 0.01 per each $300.



What is the drawdown produced by the EA?

■ It depends on what is your capital and how many pairs do you run the EA on. On average 15-20% maximum.

■ From my experiences, on a $500 account, the DD is lower than 10% on average.



What is the monthly gain with the CSM EA?

■ The CSM EA is a very potential EA for the long-term. On average return of 5-15% per month is a very possible target.



How many trades are open at the same time?

■ Only one trade per pair at one time.

■ If we run the CSM EA on 28 pairs, 3-10 trades can be open at the same time.



Is it possible to run the EA on specific hours in the day or specific days in the week?■ Yes. The CSM EA come with hours filter and weekday filter.

■ The hours filter works on GMT time.

■ These filters allow EA to open new trades in specific times only, but running trades are still controlled by the EA.



How to set up the YWY EA

■ EA comes with detail manual on how to set it up.



Feedback from costumers and trading results







■ Detail report of the $1000 account

after 2 weeks running the EA.

■ Up 8.7% with drawdown only 1.5%.

■ Winning rate is 58% only but it is good

enough thanks to high risk-reward ratio.




■ On this $1000 account we

use the second settings.

■ Max drawdown is 6.09%,

after one month the

account grown up 6.43%.




■ This is non standard case,

when the user started with

$100 balance only.

■ We can see the lowest

drawdown is Aug 05, when

the balance is decreasing to

$84 (16% dd), after that the

balance is growing smoothly

up to $173.

■ Totally, account balance

grown up to 73% after one

month.



Where to buy the CSM EA?

■ You can buy it on my official website:

https://forexautotradingtools.com/product/csm-ea-v5-2-1/

■ Payment methods:

➢ Bitcoin

➢ PayPal

➢ Credit cards



https://forexautotradingtools.com/product/csm-ea-v5-2-1/

Documents

FAQ CSM EA V5.2 - Forex Auto Trading Tools · 2020. 8. 23. · MT4 account ID? The license is for lifetime and you can activate it on different account numbers. Since your MT4 license