Dear Forex Trader;

http://www.euro-blaster.com

Dear Forex Trader;

Thank you for purchasing EURO-BLASTERV3



an elite Expert Advisor for the

Metatrader 4 client platform.

Please read and follow all these instructions prior to using the program to achieve
maximum benefit from your new trading system.

When you receive your download link follow these steps:

First, you may need a copy of winrar (a shareware file compression utility) to open the
compressed file. You can get a free eval copy of winrar at

http://www.win-

rar.com/download.html

. If that link does not work, simply do a search for free winrar

download and you should find it no problem.

1) Save the winrar file to your computer.
2) Close your Metatrader client session.
3) Open the winrar file and highlight the Euro-Blaster.ex4 file, it should look similar

to this:

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

Copyright 2009 Patrick Doucette and The Forex Spiritual Team . Copyright holder provides product with no warranty
with respect to performance, user assumes all risk associated with the use of this software. http://www.euro-blaster.com

http://www.euro-blaster.com

4) Click on the Euro-Blaster .ex4 file to highlight it, then click the “extract to” button

at the top and a window will open showing your computers’ file directory. Double
click in the directory until you reach your Metatrader client’s experts folder.
Probably C:/ProgramFiles/yourbrokerMetatrader/experts. With this location
highlighted, click OK.

5) Re-open your Metatrader client session. Euro-Blaster should appear on the left side

of your screen in the experts section.

If you cannot see this; click on “view”, select Navigator to bring up the Navigator
window. Then double click the Expert Advisors to show the list of expert advisors.

From here, right click on the Euro-Blaster expert advisor and select ‘attach to chart’.
You should have a 5 MIN EURUSD chart open to which you can attach the EA.

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

To open a new chart (select File, then select ‘New Chart” and choose the EURUSD
currency pair. Make sure the M5 button is depressed to select the 5 Minute Time
Frame.

Make sure that in the Metatrader client, in the main screen, click ‘tools’ click ‘options’;
under the expert advisors tab, make sure you have checked “enable expert advisors”
and “allow live trading”. It should look like the image below:

1) This is the recommended time frame to achieve maximum results.

•

EURUSD

5M (5 minute chart)

2) After you have attached Euro-Blaster to the chart it should have the name at the top

right corner of the chart.

Right click on the name Euro-Blaster in the top right corner and select ‘Expert
Advisors’ and then select ‘properties’. (Or you can click on the name of the EA and
press F7).

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

The EA properties box should open as in the image below:

Make sure the properties match the properties in the image above; Enable Alerts; Allow
Live Trading; Allow DLL imports and Allow import of external experts. Do not check
the box “Ask manual confirmation” unless you want to be prompted for approval of
each trade.

4) After you load Euro-Blaster onto your Metatrader client, you should see the Smiley

Face in the top right corner of the chart.

EXPLANATION OF SETTINGS:

In previous version we included sample set files which have been confusing to some
traders; to keep up to date on suggested settings please join the Euro-Blaster users
newsletter at our website:

Free Newsletter Sign Up

EXPLANATION OF SETTINGS:

Settings are found under the ‘inputs’ tab. (Right click the expert advisor name on the
chart (top right corner), select properties, select inputs.

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

You should see the following:

EA_Name

Euro_Blaster

Creator

The Forex Spiritual Team

Magic Number

default is a random 4 or 5 digit number

This magic number is used to differentiate multiple orders. If you want to run Euro-
Blaster more that once (i.e. in two or more different charts) at the same time, you
should change the magic number for each chart. This will allow each EA to look after
it’s own orders.

Use_Time_Mgmt

default is true

If you only want to run Euro-Blaster only during certain times (server time) you can
adjust the settings here accordingly. Default is to just let it run non-stop 24/5 by leaving
the setting to false. Euro-BlasterV2 has an expanded Time Management function to
allow for two separate trading times if desired.
An example:
part 1_1: the start and end settings are at 1.00 to 8.00
part 1_2: the start and end settings are at 15.00 to 21.00
So Euro-Blaster will only trade on that time period set, and will not make any trades in
time period between the settings above ... in other words from 8.00 to 15.00 and 21.00
to 1.00 EB will not trade.

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

Trade on Friday

default is false; switch to true if you want to trade on

Friday’s. *Note: you must have Use_Time_Mgmt set to ‘True’ for the
Trade_on_Friday function to be enabled.
Therefore, if you do NOT want to trade on Friday, set Use_Time_Mgmt to True AND
set Trade_on_Friday to false.

Default is TrueMoney management. If set to ‘true’ this will allow

Euroblaster to adjust lot size depending on the equity available.

RiskPercent

Default is 5. This will tell Euro-Blaster how much risk to take; it works

in conjuction with the money management function. If you have over $1000 and are
very aggressive you can change this to 10.
EURO-BLASTERV2 has improved riskpercent function. risk percentage 10% is equal
to 100% risk at standard lot (1 lotsize = $100k, 1 pip = $10) or 10% is equal to 10%
risk at mini lot (1 lotsize = $10k, 1 pip = $1). Test on demo to make sure you are
comfortable with the riskpercent function.

LotSize

Default is set by MM

MM can be set to false and lotsize

can be set to 0.01 or 0.02 if you are just starting out and only have a small account, say,
less than $500. If your account balance is over $1000 and you are very aggressive you
can set lot size to 0.1. Better to have $5,000 or more in your account to trade 0.1 lots.
Also you can use MM set to true if you are very aggressive but better to have over
$5000 or $10,000 in your account for that. **The most importance note about Lot Size
is to run Euro-Blaster on DEMO with different lot sizes to get a feel for your own risk
tolerance.

Max_Lot_Size Default is 100

When MM is employed; this is the highest lot

amount Euro-Blaster will trade as the account grows. So as you start making a few
hundred grand in your account; Euro-Blaster will trade 100 lots at a crack. (It’s fun to
dream, right?) Actually you should set this according to your risk tolerance. If you set
MM to false, set Max_Lot_Size to 0.01 or 0.02 depending on your risk tolerance and
account size.

MaxOrder

Default is 5

When Euro-Blaster gets a signal to enter

a trade it can place multiple orders at the same time. I like to set this to 5. This function
works together with StopTime

StopTime

Default is 1

This is the number of minutes between

trades placed by Euro_blaster. Can be set between 0 and 5. I like to set this to 1. Euro-
Blaster V2 has improved sensitivity for this function.

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

When Euro-Blaster gets a signal to place a trade and MaxOrder is set to higher than
one; this is the amount of time it will wait between orders to make sure the trade signal
is still there. These two functions are very important so let me give you an example.
Let’s say you set Max_Lot_Size to 0.02 and MaxOrder to 3 and StopTime to 0. When
Euro-Blaster gets a strong signal to trade, it will immediately place 3 orders in the same
direction, long or short, and each order will be for 0.02 lots. Thus, you will have 3 open
orders totaling 0.06 lots. Now let’s say you set Max_Lot_Size to 0.02 and set
MaxOrder to 3 and StopTime to 1. Now when Euro-Blaster finds a trade opportunity it
will immediately place a single trade for 0.02 lots. Then it will wait one minute; if the
trade signal still exists, it will place a second order for 0.02 lots and so on for the third
and final order. This feature allows you mitigate some of the risk in placing a single
large order. It can also allow you to exit a trade a little at a time. Basically it provides
powerful versatility. Again I strongly recommend you experiment with this feature on
DEMO to get a feel for how it works.

TakeProfit

Default is 25

This is target in pips that Euro-Blaster

tries to hit. Euro-Blaster also has an internal trigger that may extend take profit level to
more pips or cut the take profit level smaller depending on internal logic.

Min_Auto_TP Default is 10.

This is the target Euro-Blaster may switch to

depending on internal logic triggers. If you do not want Euro-Blaster to change the TP
level, use this feature. For example, if you want your TP target to be 25 pips and only
25 pips, set the Min_Auto_TP to 25. This is a new feature in V2 based on customer
requests.

StopLoss

Default is 300

This is maximum loss in pips Euro-

Blaster will allow prior to closing a trade. Previous versions of Euro-Blaster used a 500
pip SL for some backtest reports. Euro-Blaster V3 produces outstanding results back to
2007 using a 350 SL. (More about backtests later).

TrailingStop Default is 0

This is number of pips that will follow an order

to protect against loss. Please see the definition of TrailingStop in the Metatrader Help
Index if you are unsure about how Trailing Stop or Stop Loss works.

TrailingProfit Default is falseThis allows TP level to move forward with trend to
increase profits.

TrailingPips

Default is 1

This is of pip increment for TrailingStop.

Again, please practice with different settings on DEMO so you can see how an order is
handled with the different trailing settings. Euro-Blaster is a powerful program that can
be complex or you can keep it simple; it gives you the flexibility to have both.

Profit_Protection

Default is False

This is function allows you to set

a specific account equity profit target. It is used together with PercentOverBalance.

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

Percent_Over_Balance

Default is

This function allows you to set a

specific account equity profit target.

BreakEven

Default is TrueThis is a new function in Euro-BlasterV2.

If you place a trade and like to “lock-in” a profit once the EA moves into positive
territory, this function is for you.

BreakEvenPips

Default is 10 pips

If BreakEven is set to True, Euro-

Blaster will close the trade once it reaches the specified number of pips rather then
descend into a drawdown. For example in a normal trade with a TP of 25; the trade
may go into profit by 9 pips, then drop to a negative 15 pips before reversing and going
on to reach the TP target. With BreakEven enabled, when the trade reaches a specific
number of pips profit; it will set a StopLoss at the entry point (break-even) rather then
descend into drawdown. This is for the conservative trader that would rather close an
order than wait for a reversal.

Hedge Allowed

Default is False

If your broker allows trades in

opposite direction of existing trades you can change this to true. Otherwise leave as
false (no hedging allowed.)

Release notes for Euro-Blaster V3:

Examples of risk setting and lot size:

With max order set to 1, risk percent set to 10%, and account balance of $500, the lot size
will be 0.5 lot
If however you set MaxOrder to 5 the lot size will be 0.1 lot

So when changing maxorder, you are also changing the lot size traded.
If MaxOrder is set to 1 and EB trades 0.1 lot
then MaxOrder set to 5 will trade 0.02 lot

Details of Profit Protection and Percent_Over_Balance:

If brokers restrict the use of take profit settings, Euro-Blaster can now be used differently
to take profit. This can be by setting Profit_Protection to true and setting
Percent_Over_Balance to a specific percentage.

The user should calculate their lots and risk based on their account balance and 10 - 25 pips
of take profit per trade.
For Example:
using a standard lot size 0.1 and account balance $500 with max order =1.....
If profit percent (Percent_Over_Balance) set at 1% --> trading will be closed when account

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

equity reaches about $505 (1% over the account balance) or about $5 in profit. This would
be similar to trading with a takeprofit set at 5 pips.

Profit percent set at 2% would equal trading with a take profit set at 10 pips
Profit percent set at 5% would equal trading with a take profit set at 25 pips.

Profit percent can also be set in decimal mode, for example 0.1%, so that users trading in
microlots; say a lotsize of 0.01 lots, can now use profit percent setting of 0.1 to 0.5 % (with
account balance $500) to simulate trading with a TakeProfit setting of 10 to 25 pips.

You can also use the settings supplied in a .set file. You simply copy the set file to
C:\ProgramFiles\Metatrader\experts\presets Then when you right click on the expert
advisor, select properties, click on ‘load’ button and select the appropriate set file from
the presets folder and double click it. This will automatically adjust all the above listed
parameters for you and load them instantly. Several ‘.set’ files are included with your
download. You can also create and save your own set files.

•

A note about backtests: When most customers purchase Euro-Blaster they are
anxious to run a backtest and see “if it really works”! We have had numerous cases
where customers get totally different backtest results with different brokers;
different backtest results between their desktop and notebook; different backtest
results from home and at work; different backtest results on different days of the
week. (You get the idea.) After all is said and done please realize you are not
buying a backtest machine. The complexity of the EA will produce a variability in
backtest results, period.

Also, Euro-Blaster is not really for beginners. You should have basic knowledge of the
forex market prior to trading with any system.

Imagine you want to travel from Los Angeles to New York City and you only have 2
days to get there by car. If you decide to build your own car; that is like trading ‘by
hand’ . Manual trading may work in theory but unless you happen to be Henry Ford or
John DeLorean you will have a tough time. Or you can take a 1994 Winnebego with
bad tires, high mileage and a top speed of 50 miles an hour but chances are you won’t
make it in time. The Winnebago is like using fundamental news; simply too unreliable.
Now, you may have the option of using a brand new Lambourghini equipped with 300
horsepower, radar detector and a state-of-the-art GPS system. Your chances of making
the trip have just increased dramatically! Euro-BlasterV3 is a shiny new
Lambourghini…take care of it, don’t abuse it and it can perform like you wouldn’t
believe. Driving recklessly (setting MaxOrder too high), driving too fast (setting
RiskPercent too high) will increase the likelihood of you crashing. If you crash, you
will not reach your destination.

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

How accurate really is Euro-Blaster?

Please remember what you are paying for. It has taken hundreds of hours to calculate
all the technical indicators that line up to predict winning trading conditions. This effort
is accomplished by studying historical data. Over the past few years when specific
conditions arise; and Euro-Blaster followed those conditions for trading; it would have
been correct in placing a profitable trade every single time within a stop loss limit of
500 pips (V3 300 pips) . This, in itself, is a remarkable achievement of technical
analysis, trial and error and persistent calculation. Does it follow that in the future,
Euro-Blaster will be 100% accurate. No it does not. Euro-Blaster is a valuable tool;
when it places a trade, it is essentially telling you that every time these conditions arose
in the past and a trade was placed in such-and-such a manner, the result has been a
profitable trade.

Euro-Blaster will often place a trade and then it goes into negative drawdown; this

may last for a few hours or a few days; when this happens (and it will) there is strong
psychological incentive to close the order for a loss. This cannot be controlled or
avoided, all you can know for sure is that statistically the odds are in your favor. At the
end of 2009 the data for the year will have to be re-analyzed to determine if the EA can
be improved but currently it is at it’s maximum predictive capability. You cannot
improve the performance without matching indicators directly to the data which is
simply curve-fitting or over-optimizing. Please also note that many expert advisors are
sold for hundreds or even thousands of dollars that do not match the sophistication and
performance of Euro-Blaster.

If future market activity emulates the past market activity for the EURUSD, guess

what?…you will get rich by using Euro-Blaster! But..please, please remember the
current financial situation is precarious. Experts are predicting a collapse in value for
the USD against the EURO; that is why I always feel more comfortable when Euro-
Blaster places a buy order instead of a sell order! An expert advisor is great at giving
you better odds, trading precisely, watching the market for you non-stop etc..etc..but it
can never guarantee you 100% accuracy. We humbly offer this product to you at a fair
price and hope it gives you profits but please use it wisely and realize the limitation of
any EA.

--The Forex Spiritual Team

ADDITIONAL IMPORTANT POINTS:

5) Euro-Blaster will sometimes have trades executed on a demo account but not on

live accounts and vice versa. The Metatrader platform is not perfectly uniform for
all brokers and traders and most brokers may be subject to off-quotes or rejected
orders at one time or another. Great effort has been made to make Euro-Blaster as
robust as possible but the possibility of missed trades is very possible. This is partly
due to the sensitivity of the indicators; each tick can trigger or not trigger an order

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

http://www.euro-blaster.com

by very sensitive increments; and it is partly due to the variability of the actual data
stream from the various brokers.

6) Stop loss default setting is 300 pips, you can modify depending on your trading

style. Please run backtests and set stoploss to your preference. Calculate the impact
on your account of hitting the stoploss two or three times in a row. If this would
wipe out your account then your lot size is too high with respect to your account
balance. You must plan for the worst-case scenario to survive in the long run.

7) As with any trading system, proper money management is a key to long-term

success. Euro-blaster may not trade every day and may go several days without
placing a trade. Don’t overtrade. Be patient and let your EA do its work!

Reminder: the best way for us to keep in touch with you is via a newsletter. This way we
can send out any important news to everybody at one time.
Individual email correspondence is becoming less efficient as more and more traders are
becoming interested in Euro-Blaster.

Free Newsletter Sign Up

As an added bonus for signing up for the newsletter; we will select a valuable and inspiring
e-book to send to you absolutely free! Enjoy!

Please note: This product is not for re-distribution or re-sale! Any appearance of similar re-
sale items on eBay or elsewhere will result in request of immediate removal. Please honor
the efforts that have gone into the creation of this product and respect the copyright!
Thank-you!

Good luck and happy trading!

The risk of loss in trading foreign exchange can be substantial. You should therefore carefully consider whether
such trading is suitable in light of your financial condition. You may sustain a total loss of funds and any
additional funds that you deposit with your broker to maintain a position in the foreign exchange market. Past
performance for a trading system is no guarantee of future results.

EURO-Blaster



is copyrighted software, reproduction or redistribution in whole or in part is strictly prohibited.

Document Outline