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Prepare charts

Introduction​

Alpha Bot will simultaneously manage 4 different currency pairs and manage positions for each pair:

  • GBP/USD
  • USD/CHF
  • USD/CAD
  • AUD/USD
PRO PAIR ACCOUNTS

If you are using a .pro account, you will have to use GBPUSD.pro instead of GBPUSD (repeat for other pairs too).

Close existing charts​

By default, Metatrader will have 4 charts already opened. We can close these charts, as we will be preparing our own set of charts.

Prepare charts​

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The following steps (1-6) must be repeated for each currency pair!

This example shows the process for the GBP/USD pair, repeat the same process for the remaining 3 pairs.

1. Open chart​

  • Locate the "Market Watch" panel inside MT4

    Market watch panel

  • Find the GBP/USD currency pair in the list of available symbols

    Market watch panel with GBP/USD symbol

    tip

    If you can not locate a symbol, right click inside the "Market Watch" panel and select "Show all".

    Market watch panel show all

  • Now right click on the symbol and select "Chart Window"

    Market watch panel chart window

  • A new chart will appear for the GBP/USD symbol

2. Change chart timeframe​

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Alpha Bot requires all charts to be using the 1H timeframe!

  • To change the chart timeframe, simply use the buttons on the top of the MT4 toolbar

    MT4 change chart timeframe

  • Verify the GBP/USD chart is using the H1 timeframe

3. Attach AlphaBot to chart​

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Before continuing, make sure "AutoTrading" is disabled!

Autotrading disabled

  • With the GBP/USD chart highlighted, navigate to the "Expert Advisors" section and right click on AlphaBot

    Attach EA to chart

  • Then select "Attach to a chart" and a new dialog should appear

    Alpha Bot attach to chart dialog

4. Update Common settings​

  • In the "Expert - AlphaBot" dialog, navigate to the "Common" tab

    Alpha Bot common tab

  • Now enable the "Allow live trading" checkbox

    Common tab live trading checkbox

5. Update Inputs settings​

  • In the "Expert - AlphaBot" dialog, navigate to the "Inputs" tab

    Alpha Bot inputs tab

  • Enter your desired settings, based on your account balance and risk parameters

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Please refer to the Configuration section for a detailed explanation of the settings.

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Optionally you can save your inputs in a Setfile to reuse them when adding the remaining charts.

Please refer to the Setfile section to learn more.

6. Confirm settings​

  • If you have updated your parameters, click "OK" to attach the Alpha Bot to the chart

    Alpha Bot attached to chart

  • If done correctly, you should now see Alpha Bot ☹ in the upper right hand corner of the chart and also the text "License is valid" along the "Alpha Algo Bot" text.

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Remember to repeat this process for the 3 remaining currency pairs!