TRADE VISION FX

TRADE VISION FX

©Vision-Webs Inc. All rights reserved. No reproduction without permission.

© Vision-Webs Inc. All rights reserved. No reproduction without permission.

1

Table of Contents

Disclaimer 2

Overview 3

Installing the Expert Advisor 5

Parameters 6

Chart Legend 7

Setting Up the Expert Advisor 8

Applying the Expert Advisor 11

- Momentum Arrow 13

- Session Trend 15

- Heat Vision 16

- Chart Factor 18

- Alerts 20

Setting the Execute Setting Script 22

Setting Favorites 25

Setting Hotkey 26

Applying a Script 27

Setting the Push Notification 28

Technical Support 31


2

Disclaimer

Trading Foreign Exchange (Forex) carries a high level of risk and may not be suitable for all investors.

There is a possibility that you could sustain a loss of all or more of your investment therefore you

should not invest money that you cannot afford to lose. You should be aware of all the risks

associated with Foreign Exchange trading. Unique experiences and past performances do not

guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients;

certain accounts may have worse performance than that indicated. Trading stocks, futures, options

and spot currencies involves substantial risk and there is always the potential for loss. Your trading

results may vary.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF

WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL

OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE

FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE

ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY

PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT

INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT

FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO

WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING

LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING

RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO

THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY

ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF

WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Substantial risk is involved. Forex 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 markets. Don't

trade with money you can't afford to lose. Nothing in these instructions, courses, or website shall be

deemed a solicitation or an offer to buy or sell Forex, futures, stocks and/or options. No representation

is being made that any account will or is likely to achieve profits or losses similar to those discussed

on our site. Also, the past performance of any trading methodology is not necessarily indicative of

futures results. Trading involves high risks and you can lose a lot of money. No representation is being

made that any software or training will guarantee profits or not result in losses from trading.


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Trade Vision FX

Look ahead with Trade Vision FX!

Trade Vision FX is a trading tool that is intended to find and then simplify the operation of trading.

It monitors the market for potential trade setups using proprietary algorithms that took four years in

development.

The Trade Vision FX algorithm handles five components of trading:

1. Scans market conditions.

2. Indicates Pre-trade setups.

3. Alerts and displays Trade Entry setups with stop loss and target levels.

4. Provides a quick and easy method to execute trades.

5. Monitors open trade conditions tick-by-tick.

Pre-trade Alert Notification

One unique attribute of Trade Vision FX is an automated

function constantly scanning a currency pair for

favorable pre-trade setups. Once market conditions

align, a Pre- Entry box displays on the chart and triggers

an alert and notification, if set. A Pre-Entry box will signal

a potential Long or Short trade setup. In this example,

a light blue box is shown for a pre-entry Long condition.

Trade Entry Alert Notification

The beauty of Trade Vision FX is its automation. When

exact conditions are satisfied, Trade Vision FX displays a

Trade Entry Box, either Long or Short, with 2 Trade Target

levels and a Stop Loss level. In this example, a

darker blue box, the Long Trade Entry box, is shown with

two Trade Target levels and a Stop Loss level. The white

vertical time line indicates when the alert was triggered.


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Trade Vision FX

Trade Vision Execute Script

Trade Vision FX is designed to make trade execution easy. Place complete trades in seconds with the

integrated “drag and drop” Trade Vision Execute Script.

When a user clicks, drags, and drops the Execute Script onto a chart, it automatically:

1. Determines position size, either Account percent or Fixed size.

2. Identifies the Stop Loss level.

3. Identifies the Target (Take Profit) level, either Target 1 or Target 2.

4. Provides a Confirm Trade execution message, either ‘Yes’ or ‘No’, as shown below.

Trade Vision Momentum Arrow, Session Trend, and Heat Vision

Trade Vision FX provides a simple ways to manage open trades at a glance:

1. Momentum Arrow – a large arrow near the top right corner. The angle and color of the arrow gives

traders a way to know the momentum of an open trade tick-by-tick.

2. Session Trend – a hand or face symbol to the right of the momentum arrow. If not in a trade, a

white hand symbol points in the direction of the session trend. If in a trade, a colored face symbol

appears

Benefits of trading with the Trade Vision FX:

1. Identify favorable trade setups.

2. Set alerts and notifications of trade entries.

3. Know stop loss and trade targets levels at trade entry.

4. Spend less time watching charts and more time focused on trading!


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Trade Vision FX

Installing Trade Vision FX

Trade Vision FX is compiled into a zip file. There are 3 items within the zip file to install:

1. TradeVisionFX.ex4 – Expert Advisor

2. TradeVisionExecSettings.ex4 – Script to configure trade execution settings.

3. TradeVisionExecute.ex4 – Script to execute trade.

Note: Trade Vision FX Expert Advisor (EA) does NOT place trades automatically. It only alerts,

notifies, and monitors Pre-trade, Trade Entry, and open trade conditions. Trade Vision scripts are used

to configure trade settings and execute trades with calculated position size, stop loss, and target levels.

Unzipping the Trade Vision FX zip file:

1. Open the email you received after purchase.

2. Select the download link and download Trade Vision FX zip file to the desktop.

3. Unzip the file using WinZip, Compressed Folder, or other unzip tool.

4. Save to the desktop the Trade Vision FX folder with the EA and Scripts.

Installing the Trade Vision FX EA file:

1. Open MetaTrader 4.0.

2. Click on “File” in the top menu bar.

3. In the drop down menu, select ‘Open Data Folder’.

4. A window will appear, select the ‘MQL4’ folder.

5. Select the ‘Experts’ folder in the MQL4 window.

6. Copy and paste TradeVision.ex4 into the ‘Experts’ folder.

Installing the Trade Vision Execute Script file:

1. Open MetaTrader 4.0.

2. Click on “File” in the top menu bar.

3. In the drop down menu, select ‘Open Data Folder’.

4. A window will appear, select the ‘MQL4’ folder.

5. MQ4 folder window appears, select the ‘Scripts’ folder.

6. Copy and paste TradeVisionExecute.ex4 and

TradeVisionExecSettings.ex4 into the ‘Scripts’ folder.

After installation, restart MetaTrader to complete the installation process. Upon restart, the EA will

appear in the Experts folder in the Navigator window and the Script file will appear in Scripts folder in

the Navigator window.


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Trade Vision FX

Parameters

The parameters are set designed in an easy to use, configurable format.

Email / Access Key - required email and password for client authentication

Alert Settings - set alerts to trigger

Notification Settings - set notifications to receive via Push Notification in MT4

Display Settings - set Momentum Arrow size & position, Trade Line view, Text size

Trade Colors - set colors for Pre-trade & Trade Entry box and trade levels

Momentum Arrow Colors - set Momentum Arrow status colors

Trade Line Colors - set Trade Line status colors

Notes:

1. Enter Username and Access Key the first time the EA is applied for each MT4 platform.

2. Trade Vision FX EA does NOT automatically place trades.


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Trade Vision FX

Chart Legend of the Trade Vision EA

Note: The Trade Line has the option to display Gain or Loss in base currency, commission and swap.

To enable or disable the Trade Line, right-click on the chart, select Properties, and check “Show object

descriptions”.


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Trade Vision FX

Setting up the Expert Advisor

Follow these steps to setup the EA BEFORE using it:

1. Open the MetaTrader 4.0 (MT4) platform.

2. In the top menu bar, select Tools.

3. In the Tools menu, select Options.

4. In the Options window, select “Expert Advisors”.

5. Under “Expert Advisors”, check the box to the left of “Allow automated trading”.


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Trade Vision FX


6. Under “Expert Advisors”, check the box to the left of “Allow WebRequest”.

7. In the white box below, double left-click on “add new URL”.

8. When the cursor appears, enter this web address exactly as shown:

http://www.vision-webs.com/cfp.php

This is very important!

The EA will NOT work correctly without

this web address.

This must be set the first time the EA is

loaded into MT4.


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Trade Vision FX


9. After entering the web address, click “OK”.

10. Trade Vision FX is now ready to be placed on a chart!

Error Messages

If the steps above are not done correctly, the following error message may occur:

Web Request Rejected.

This message occurs because the Web

Request URL is incorrect. TradeVisionFX

EA cannot connect to the web server.

Go back to Step 8 and correct the URL

address.


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Trade Vision FX

Applying the Expert Advisor

Follow these steps to apply the EA to a chart:

1. Open the MetaTrader 4.0 (MT4) platform.

2. Look for the Standard Toolbar near the top.

3. In the Standard Toolbar, look for the Expert

Advisor icon. It should appear as shown.

4. Note: The EA will NOT work if the Expert

Advisor icon is in the ‘Off’ condition.

5. If the Expert Icon shows red, then go back to

step #5 of “Setting up the Expert Advisor”.

6. Open a new chart.

7. Locate the Navigator window.

8. Scroll down to Expert Advisors

9. Double-click on ‘TradeVisionFX’.

10. The “Expert – TradeVisionFX” window will

appear.

11. Under the Common tab, make sure the box

“Allow live trading” is checked.


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Trade Vision FX


12. Under the Inputs tab:

a. Enter Username (Email).

b. Enter Access Key.

c. Scroll down and select parameters.

d. Click “OK”.

Note: If the Email address and Access Key are

not entered or entered incorrectly, this pop-up

message will appear.

13. When the EA is applied to a chart, it will

appear like the chart to the right.

Note: Five items appear in the top right:

a. Trade Vision FX name.

b. Smiley face or Frown face.

c. Heat Vision.

d. Hand symbol.

e. Momentum arrow.

Flashing arrow = live data feed.

White arrow = no open trade.

Color arrow = open trade.

14. A “smiley” face appears in the top right corner if the Expert Advisor

icon in the Standard Toolbar is set in the ‘On’ condition (#3 above)

and the EA is applied properly.

15. A “frown” face appears in the top right corner if the Expert

Advisor icon in the Standard Toolbar is set in the ‘Off’ condition.


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Trade Vision FX


Momentum Arrow

The Momentum Arrow is multi-faceted indication of immediate market momentum:

a. White arrow indicates no Open trades.

b. Color arrow indicates an Open trade and if price action favors the trade direction or not:

Blue arrow = Strong momentum in the direction of the trade.

Green arrow = Rising momentum in the direction of the trade.

Yellow arrow = Losing momentum in the direction of the trade.

Orange arrow = Rising momentum opposite the direction of the trade.

Red arrow = Strong momentum opposite the direction of the trade.

Note: Momentum Arrow updates color ONLY if the Trade Vision Execute script is used.

c. Arrow Direction indicates current price direction based on the type of trade, Long or Short.

Long Trade Entry – Momentum Arrow Color descriptions

Up Strong momentum in a Long Trade.

Angle-Up Rising momentum in a Long Trade.

Right Losing momentum in a Long Trade.

Angle-Down Rising momentum opposite a Long Trade.

Down Strong momentum opposite a Long Trade.

Short Trade Entry – Momentum Arrow Color descriptions

Up Strong momentum opposite a Short Trade.

Angle-Up Rising momentum opposite a Short Trade.

Right Losing momentum in a Short Trade.

Angle-Down Rising momentum in a Short Trade.

Down Strong momentum in a Short Trade.


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Trade Vision FX


Momentum Arrow – Direction (continued):

d. Flashing – The arrow will flash from a thin arrow to a bold arrow continually indicating a live

active data feed which is required to maintain the functionality of the EA.

The Momentum Arrow

flashes repeatedly between a

thin arrow and a BOLD arrow

to show a live data feed.


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Trade Vision FX


Session Trend

The Session Trend is an overall trend of the market for the given session.

The Session trend can fluctuate as price action dictates based upon market condtions. The market can

move continuously in a trend direction, lose momentum and run flat, shift gradually away from the

previous trend, or suddenly spike or swing in the opposite direction due to market volatility, news

announcements, and geopolitical events.

The Session Trend has two symbols:

1. Pointing hand symbol, if no trade… or

2. Face symbol, if open trade… , , or .

IMPORTANT: USE MOMENTUM ARROW & SESSION TREND IN COMBINATION AS NOTED BELOW.


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Trade Vision FX


Heat Vision

An integral element of Trade Vision FX is Heat Vision, a graphical interpretation of the current market

bias of a currency pair comparing the base currency (currency on the left of the pair) to the quote

currency (the currency of the right of the pair). For instance with the EUR/USD, the Euro is the base

currency while the US Dollar is the quote currency.

Use Heat Vision to determine if the current market bias favors the direction of a potential trade.

1. Understanding the Heat Vision graph:

Yellow Line – Represents an aggregate of the data for both currencies.

Blue Line – Represents the Base currency.

Green Line – Represents the Quote currency.

White (Center) Line – Represents a threshold from Long to Short.

Light Gray bands – Above and below center show areas where trades have better potential.

Heat Vision shows the directional bias over 7 bars of data.

2. Reading the Heat Vision graph:

High trade confidence: Yellow, Green and Blue lines are near each other and

angled in same direction.

Fair trade confidence:

o Yellow line is flat or slightly angled with Green and Blue lines are far apart

but angled is same direction.

o Yellow line is flat or slightly angled with Green and Blue lines are near but

angled differently.

Low trade confidence: Yellow line is flat with Green and Blue lines far apart

and diverging from each other.


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Trade Vision FX


Heat Vision

3. Trading the Heat Vision graph:

Long:

o Yellow line is angled up and within the upper Light Gray trade band.

o Blue or Green line is above the Yellow line, angled up, and within the upper

Light Gray trade band.

Short:

o Yellow line is angled down and within the lower Light Gray trade band.

o Blue or Green line is below the Yellow line, angled down, and within the

lower Light Gray trade band.

Trade suggestions for Open trades that might have completed the current move:

Long:

Yellow line is above upper trade band (end of move soon)

Yellow line is angled down (end of move soon or imminent)

Blue line above Yellow line, below upper trade band, and angled down (end of

move imminent)

Short:

Yellow line is below lower trade band (end of move soon)

Yellow line is angled up (end of move soon or imminent)

Blue line below Yellow line, above lower trade band, and angled up (end of

move imminent)

Heat Vision works for with following pairs:

- AUDCAD

- AUDCHF

- AUDJPY

- AUDNZD

- AUDUSD

- CADCHF

- CADJPY

- CHFJPY

- EURAUD

- EURCAD

- EURCHF

- EURGBP

- EURJPY

- EURNZD

- EURUSD

- GBPAUD

- GBPCAD

- GBPCHF

- GBPJPY

- GBPNZD

- GBPUSD

- NZDCAD

- NZDCHF

- NZDJPY

- NZDUSD

- USDCAD

- USDCHF


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Trade Vision FX


Chart Factor

Chart Factor can be used by a trader to determine a modified Stop Loss Level. It is a parameter of the

Dashboard Settings, and located in the left lower corner of the chart.

Trade Vision FX is designed to place a calculated Stop Loss level above a previous High and below a

previous Low when the Execute Script is used. Generally, this placement is a good Stop Loss level.

However, depending on a trader’s risk tolerance, the calculated Stop Loss Level may be too far from the

Trade Entry price. In this case, a trader can calculate a modified Stop Loss Level using the Chart Factor.

The Chart Factor is an algorithm that calculates the average price candlestick length over a period of

time. The price candle length is the distance from the candlestick High to the candlestick Low. For

instance, suppose the length from High to Low in pips for five candlesticks is 9, 11, 13, 10, and 7. The

average candlestick length is 10 … (9 + 11 + 13 + 10 + 7 = 50 / 5 candles = 10).

To determine a modified Stop Loss level, it is recommended to multiply the Chart Factor number by

2, 2.25, or 2.5.

Using the average candlestick length of 10 in the example above, a modified Stop Loss level could be

20, 22.5, or 25 depending on the risk tolerance of the trader.

In this example, the calculated Stop Loss

level is 1.33788, which is a distance of 27.2

pips away from the Trade Entry price. In

the lower left corner, the Chart Factor

display reads 6.8.

By using the Chart Factor calculations as

suggested above, the modified Stop Loss

(mSL) levels below the Trade Entry Price

could be as follows:

6.8 x 2 = 13.6 … mSL at 1.33924

6.8 x 2.25 = 15.3 … mSL at 1.33907

6.8 x 2.5 = 17 … mSL at 1.33890


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Trade Vision FX


Chart Factor

Once a modified Stop Loss level is determined, a trader can either:

1. Click and drag the Stop Level trade line to the modified level. MetaTrader options must be set to

allow this functionality.

2. Locate the Terminal window, select the trade, and enter the modified Stop Loss price.

The following is an example of the adjusting the Stop Loss level based on using the Chart Factor:


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Trade Vision FX


Alerts

Trade Vision FX has built-in alerts. Some alerts correspond to trading conditions while other alerts

relate to installation, parameter setup, or an error condition. Each alert is audible and displays a pop-

message box with a time and date stamp.

Trading Alerts

There are 5 trade alerts:

Hi/Lo Retest Market testing a previous High or previous Low.

Session Level Market attempting to break a calculated Session Level.

Pullback Market attempting to recover from a standard retracement.

Small Pullback Market attempting to retrace from a slight retracement.

Large Pullback Market attempting to retrace from a deep retracement.

Losing Momentum Market is showing momentum exhaustion in the trade direction.

Session Level Trade Alert Trade Confirmation Alert

Losing Momentum Alert Expired Trade Alert


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Trade Vision FX


Alerts

Installation / Parameter Setup Alerts

Username / Access Key Alert Settings Not Configured Alert

Confirm Execute Settings

Error Alerts

Username / Access Key Error Alert Unknown User Alert


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Trade Vision FX

Setting the Execute Setting Script

1. Locate the Navigator window.

2. Select the Scripts folder.

3. Select the TradeVisionExecSettings script.

4. Double click the script or “Click, Drag and

Drop” the script onto a chart.

5. Set “Show Trade Confirmation”

Yes – default

No

Note: To change a parameter, double click

on the parameter to highlight the value or

see a dropdown menu.

6. Set “Take Profit Setting”

No Take Profit

Use Target 1

Use Target 2


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Trade Vision FX

Setting the Execute Setting Script

7. Set “Trade Size Calculation Type”

a. Fixed Lot Size – This setting uses a specifc

lot size for every trade.

Default setting = 0.01 (1 micro lot)

b. Account Percent to Risk – This setting

sets a percentage of account to risk per

trade.

Default setting = 0.03

(0.03 = 3% of account at risk per trade).

8. Set “Fixed Lot Size”

Double-click on “0.01” and enter the

preferred lot size.

Default setting = 0.01 lot

9. Set “Percent of Account to Risk”

Double-click on “0.03” and enter the

preferred risk percentage of account.

Default setting = 0.03

Note: 0.03 means that 3% of account is at risk.

10. After the input parameters are set, then click “OK”

11. A ‘Confirm Settings window will appear.

Select “Yes” to save settings.

Select “No” to void settings.


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Trade Vision FX

IMPORTANT

Running the “TradeVisionExecute” script

with “Show Trade Conformation” set to “Off”

can lead to trading errors and account losses.


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Trade Vision FX

Setting Favorites

The Navigator window has two tabs, “Common” and

“Favorites”. The Favorites tab is designed to only show the

most used expert advisors, indicators, and scripts.

To move Trade Vision EA to the Favorites tab:

1. Right-click on TradeVisionFX under Expert Advisors.

2. Select from the dropdown menu, “Add to Favorites”.

To move Trade Vision Scripts to the Favorites tab:

1. Right-click on TradeVisionExecSettings.

2. Select from the Drop Down, “Add to Favorites”.

3. Repeat for TradeVisionExecute.

Select the Favorites Tab at the bottom of the Navigator window, and

the three TradeVisionFX tools will be listed together.


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Trade Vision FX

Setting Hot Key

Adding a Hot Key to Activate the TradeVisionExecute script:

1. Locate the Navigator window

a. Right-click on TradeVisionExecute.

b. Select from the Drop Down, Set hotkey

2. Locate TradeVisionExecute

a. Select in the Control column either “Alt” or “Ctrl”.

b. Enter a letter in the Key column.

c. Select Set.

d. Select Close.


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Trade Vision FX

Applying a Script

Follow these steps to apply the Script to a chart:

1. After Trade Vision EA signals a Trade Entry

condition:

a. Locate the Navigator window.

b. Look in the Scripts folder or Favorites Tab

c. Click on the “TradeVisionExecute” script.

d. Double click the script or “Click, Drag and

Drop” the script onto a chart, or click on the

chart with the Trade Entry condition and use

the Hotkey sequence.

2. If the ”Show Trade Confirmation” parameter is set to Yes, a “Please Confirm Trade” message box will

appear.

a. Select “Yes” to place trade.

b. Select “No” to void the trade.

3. Additional Prompts may appear:

a. “Warning: Expired Trade?” appears when the

displayed trade has expired.

b. “Lot size warning” appears if the account may be

at risk for a margin call.


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Trade Vision FX

Setting the Push Notification

The Trade Vision FX EA is designed to send messages from your MT4 desktop platform to a mobile

device (phone or tablet) with MT4 Mobile installed on it.

How to enable Push Notifications:

1. Open MT4 and select “Tools” in the top

menu bar.

2. In the drop-down menu select “Options”.

3. An Options window will appear, select the Notifications tab.

4. Check the box labeled ‘Enable Push Notifications’.

5. Using your mobile device (phone or tablet), download MT4 Mobile.

a. Use iTunes to download for an iPhone or iPad.

b. Use Google Play to download for an Android device.


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Trade Vision FX


6. After installing MT4 Mobile onto a mobile device, locate

and select ‘Settings’ in MT4 Mobile.

7. Scroll down to ‘Messages’ and write down the MetaQuotes

ID number, a series of letters and numbers such as,

‘ABCD1234’.


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Trade Vision FX


8. Enter MetaQuotes ID into the

MetaQuotes ID field in the

Notification window.

9. Click the ‘Test’ button.

10. Look for ‘Test message’ on your mobile device from your

MT4 platform. The same message will show within the

Journal tab of the Terminal window.

11. If Test message received, click ‘OK’. If no message received,

redo the steps above and make sure to enter the

MetaQuotes ID exactly as received in MT4 mobile.

12. The Trade Vision FX EA is now set to send messages for Notifications set to ‘true’.


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Trade Vision FX

Technical Support

If you require technical support or want to speak with a customer service representative, please contact

the Compass FX office at the following:

Email – [email protected]

Phone – 1.800.577.3600 / 972.680.8080

mailto:[email protected]

Documents

TRADE VISION FX