Forex Trading Systems

The Octopus Forex Trading System

How Forex Octopus woks

This Forex Octopus system provides the signals formed by the interaction of 3 Exponential Moving Averages (EMA) and 2 Indicators named Octopus 1 and Octopus 2.

Octopus 1 and Octopus 2 Indicators serve as filters to block the false signals. Octopus 2 also gives the signals for closing the orders.

The system is highly effective on any currency pair. Besides, it is very flexible as any trader with some trading experience can extend the terms of opening and/or closing orders. It may help you to increase the obtained profit.

Thus, the system can be used by the trader with any qualification.

We recommend start trading with only few currency pairs. If you are a Forex beginner take 2 or 3 pairs, if you are an advanced trader, feel free to take 5-8 currency pairs. And if you are an experienced trader, the amount of pairs is unlimited. Take as much as you can handle.

Installation and setup

Forex Octopus System is a Bundle of plug-ins that requires MetaTrader 4 to function.

If you already have MetaTrader 4 installed, place the following files:

octopus_1.ex4 octopus_2.ex4

into C:/Program Files/xxxxx/experts/indicators, where xxxxx is the name of your MT4.

For example, the MT4 from FxPro is called FxPro – MetaTrader, and the complete path will look like this:

C:/Program Files/FxPro – MetaTrader/experts/indicators.

Relaunch MetaTrader 4 and skip to Step 3 below.

If you do not have MetaTrader 4 installed, you need to download it from a Forex broker web site. We recommend using only well known, reputable brokers that have been on the mark for a long time.

Step 1

Follow the links above, choose your Forex broker, and download MetaTrader 4 for free.

After you download MetaTrader 4, install it on your computer. This is a standard and simple operation.

Step 2

After the installation of MetaTrader 4, place the following files:

octopus_1.ex4 octopus_2.ex4

into C:/Program Files/xxxxx/experts/indicators, where xxxxx is the name of your MT4.

For example, the MT4 from FxPro is called FxPro – MetaTrader, and the complete path will look like this:

C:/Program Files/FxPro – MetaTrader/experts/indicators.

Step 3

(if you have your own demo or your own real account already, skip Step3) Launch MetaTrader 4 by selecting it from the Start menu.

When the application launches, it presents a window in which you need to enter

your demo account details.

Fill out all the fields carefully.

Selecting the “I agree to subscribe to your newsletters” checkbox makes the OK button available. Once you have filled out all the fields, click OK.

When you click OK, your demo account will be registered and you will be signed in with the system with your demo account details.

Your account number is displayed on the left of the window title. If you see it there, it indicates that your account has been registered successfully and you have logged in the system.

Step 4

Take a look at the Navigator panel on the left of the main window. The Navigator panel displays all the accounts, indicators, expert advisors, custom indicators, and scripts available to you. Let’s focus on Expert Advisors for now.

If you followed the simple instruction above, you should see octopus_1 and octopus_2 under Custom Indicators.

If you don’t see it there, please make sure you have placed the files octopus_1.ex4 and octopus_2.ex4 in the correct folder, as described above.

Relaunch MetaTrader 4 and check

Custom Indicators again.

If octopus_1 and octopus_2 are still not listed there, contact our technical support by sending an email to:

support@ritalasker.com

Step 5

We only ask you to share in return of your download 🙂

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