Current Settings
UPDATE: IN ORDER TO COMBAT PIRACY WE NOW REQUIRE ALL USERS TO EMAIL SUPPORT@FOREXENVY.COM WITH YOUR PATICULAR BROKER AND ACCOUNT STARTING CAPITAL IN ORDER TO RECEIVE YOUR SET FILES. YOU WILL BE SENT THE MOST RECENT SET FILES AVAILABLE. UPDATES WILL BE SENT TO YOU AUTOMATICALLY VIA YOUR REGISTERED E-MAIL ADDRESS. THANK YOU FOR YOUR UNDERSTANDING IN THIS MATTER. – TEAM ENVY
Please locate your broker, and download the corresponding set file. Next to each set file you will see a number that represents the largest position that can be opened using these settings. For example, (max-40) means the largest position that can be opened under these settings is 40 lots. These settings are considered to be very safe and quite profitable. We strongly recommend using the corresponding settings for the amount of capital listed in the left hand column. Once you download your set files please scroll down to the bottom of the page for more information on testing and correctly installing your setup.
Live Accounts
Trading Point: These settings are designed to be used with the “micro” account using 1:500 leverage. Keep in mind, the settings below include the bonus credit issued by Trading Point. For example, if you deposited $500 and were given a 30% bonus, then your equity would be $650. So you would select the settings that correspond with a balance of $650. We recommend an initial deposit between $500 and $3,000 using Trading Point.
Capital
$360-$480
$480-$640
$660-$880
$900-$1,200
$1,200-$1,600
$1,650-$2,200
$2,250-$3,000
$3,000-$4,000
Settings
Trading Point $360-$480 set files (max-12)
Trading Point $480-$640 set files (max-16)
Trading Point $660-$880 set files (max-22)
Trading Point $900-$1,200 set files (max-30)
Trading Point $1,200-$1,600 set files (max-40)
Trading Point $1,650-$2,200 set files (max-55)
Trading Point $2,250-$3,000 set files (max-75)
Trading Point $3,000-$4,000 set files (max-100)
Insta Forex: These settings are designed to be used with the “Standard Cent” account, not the “Erica” accounts while using a leverage of 1:600 or 1:1000. Keep in mind two things: the settings below include the bonus credit issued by Insta Forex, and Insta Forex multiplies your funds by 100 but divides those funds by 100 when you withdraw. For example, if you deposited $500 and were given a 30% bonus, your equity would be $65,000. So you would select the settings that correspond with a balance of $65,000. We recommend an initial deposit of between $500 and $1,000 using Insta Forex.
Capital
$36K-$48K
$48K-$64K
$66K-$88K
$90K-$120K
$120K-$160K
$165K-$220K
$225K-$300K
Settings
Insta Forex $66K-$88K set files (max-120)
Insta Forex $66K-$88K set files (max-160)
Insta Forex $66K-$88K set files (max-220)
Insta Forex $90K-$120K set files (max-300)
Insta Forex $120K-$160K set files (max-400)
Insta Forex $165K-$220K set files (max-550)
Insta Forex $225K-$,00K set files (max-750)
Lite Forex: These settings are designed to be used with the “PAMM or Floating Spread” account. Make sure this account offers 1:500 leverage and trades with a lot size of $10,000. Keep in mind, the settings below include the bonus credit issued by Lite Forex. For example, if you deposited $5,000 and were given a 30% bonus your equity would be $6,500. So you would select the settings that correspond with a balance of $6,500. We recommend an initial deposit of between $5,000 and $300,000 using Lite Forex.
Capital
$3,600-$4,800
$4,800-$6,400
$6,600-$8,800
$9,000-$12,000
$12,000-$16,000
$16,500-$22,000
$22,500-$30,000
$30,000-$40,000
$40,500-$54,000
$54,000-$72,000
$72,000-$96,000
$96,000-$128,000
$129,000-$172,000
$172,500-$230,000
$231,000-$308,000
$300,000-$400,000
Settings
Lite Forex $3,600-$4,800 set files (max-12)
Lite Forex $4,800-$6,400 set files (max-16)
Lite Forex $6,600-$8,800 set files (max-22)
Lite Forex $9,000-$12,000 set files (max-30)
Lite Forex $12,000-$16,000 set files (max-40)
Lite Forex $16,500-$22,000 set files (max-55)
Lite Forex $22,500-$30,000 set files (max-75)
Lite Forex $30,000-$40,000 set files (max-100)
Lite Forex $40,500-$54,000 set files (max-135)
Lite Forex $54,000-$72,000 set files (max-180)
Lite Forex $72,000-$96,000 set files (max-240)
Lite Forex $96,000-$128,000 set files (max-320)
Lite Forex $129,000-$172,000 set files (max-430)
Lite Forex $172,000-$230,000 set files (max-575)
Lite Forex $231,000-$308,000 set files (max-770)
Lite Forex $300,000-$400,000 set files (max-1000)
FX Primus: If you have a starting capital of $36,000 and would like to start an account with FX Primus please email support@forexenvy.com and we will assist you in setting up your account properly with the leverage they grant you.
Forex Envy Settings:
Please keep in mind NO SETTINGS need to be changed once you input your user name, key, and registered number. All other settings have been set up correctly for your particular broker and capital in your set files.
This information is available to help members understand what the individual settings do, as well as to encourage users to discover new settings and currency pairs that can be used by the Forex Envy community. For discussion surrounding anything and everything Forex Envy please visit our visit our Forum.
KEY: The code sent to you from Forex Envy once you send us your Metatrader 4 account number and Registered Number.
User: The unique user name that Forex Envy has assigned you.
Magic Number: A unique number that the user can choose so Forex Envy can keep track of its open trades, as well as differentiate trades from other currency pairs or EAs.
Base Lot Size: The lot size of the first levels.
Execution Point: The amount of pips the market has to move against an open position before Forex Envy will open a following trade.
Basket Take Profit: The amount of pips needed to close a basket of trades.
Basket Stop Loss: The point at which a basket of trades will be closed as a stop loss.
Multiplier: The lot size percent increase from the previous level to the current level. For example, if your lot size began at 0.1 lots in the previous level and your multiplier is 1.8 or 80% ,your lot size would open as 0.18 lots (80% larger) and would continue to increase by 80% for each new level opened.
Maximum Buy Levels: The maximum number of buy levels you will allow Forex Envy to open.
Maximum Sell Levels: The maximum number of sell levels you will allowing Forex Envy to open.
Slippage: The amount of pips the price is allowed to slip when Forex Envy opens a new trade.
Support ECN: If a ECN or 5 digit broker is being used, make sure to set this parameter to “true”. If your broker is not an ECN broker or uses 4 digits, leave this setting on “false”.
Bail Out Pct: This is the percent of the equity you are allowing Forex Envy to trade with. If this number is set lower than 100%, Forex Envy will shut down when account equity drops below this percentage.
Chicken Out: This function is always set as “false” by default. If set to “true” ALL TRADES controlled by that chart will close when you press “OK”. This function is valuable if you need to close a large basket right away for whatever reason.
Freeze After TP: This function will allow Forex Envy to continue trading, but when a take profit is reached Forex Envy will not open any new trades. This function is a graceful way to shut down Forex Envy in case the user would like to change settings, if a major event is coming in the near future, or there is any other reason the user would like to shut down a particular currency pair. This way, the user can do so without having to take a loss by manually closing all positions.
Freeze After TP Scheduler: This will automatically engage the Freeze After TP function. If you want to activate this function, first set the Freeze After TP Scheduler to “true”. Second, select the day, hour, and minute you would like the Freeze After TP to auto engage as well as the day, hour and minute you would like the function to turn off and resume trading. This scheduler runs on your server time which is listed in the upper left corner of your chart.
Envy Augmenter: This function allows the user to control the basket take profit and the multiplier at an individual level. This added control allows for a wide range of custom settings to be developed and implemented by Forex Envy users.
Multiplier: This is the lot size percent increase from the previous level to the current level. For example, if your lot size was 1.0 lots in the previous level and your multiplier is 1.8 or 80% your lot size would open as 1.8 lots (80% larger). Leaving this setting as “0” will defer to the multiplier the user selected originally.
Basket Take Profit: This is the amount of pips needed to close the basket of trades. If the user leaves the setting as “0” Forex Envy will use the original Basket Take Profit the user selected.
We have done our best to make the setup and usage of Forex Envy as straight-forward and trouble-free as possible. However, if we have overlooked anything and you would like clarification, please Contact Us at any time, and we will be happy to assist you!
Peace and Profits,
Team Envy