Expert Advisor Strategy Programming Request Form - MIG Bank
Expert Advisor Strategy Programming Request Form - MIG Bank
Expert Advisor Strategy Programming Request Form - MIG Bank
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Account holdER InFoRMAtIon<br />
Account holder(s) name(s) :<br />
Account number :<br />
ExPERt AdvISoR StRAtEgy PRogRAMMIng REquESt dISclAIMER<br />
<strong>Expert</strong> <strong>Advisor</strong> <strong>Strategy</strong><br />
<strong>Programming</strong> <strong>Request</strong> <strong>Form</strong><br />
I take full responsibility, and am fully aware of how the <strong>Expert</strong> <strong>Advisor</strong> and my Trading <strong>Strategy</strong> work. I will not hold<br />
the <strong>Bank</strong> liable for any losses incurred as a result of the implementation of my automated trading strategy.<br />
I understand that (i) a programming fee of US $ 50 per hour of programming will apply, and that (ii) the <strong>Bank</strong> will<br />
give me an approximate price/time estimation prior to programming. (iii) I also accept that the final amount may<br />
differ slightly from the estimated amount, and (iv) allow the <strong>Bank</strong> to debit the final amount from my account mentioned<br />
above.<br />
<strong>Expert</strong> <strong>Advisor</strong> programming strategy guidelines<br />
Before submitting your <strong>Expert</strong> <strong>Advisor</strong> <strong>Programming</strong> <strong>Request</strong>,<br />
please refer to the simple guidelines below – doing so may significantly<br />
reduce the programming time required and allow us to<br />
provide you with more precise results.<br />
1. Entry point(s)<br />
You should first consider when, what, and how much to buy and sell.<br />
2. Exit point(s)<br />
Next, consider when do I want to close/hedge the trade? Wait for<br />
SL and TP? Use trailing stop?<br />
3. number of open trades<br />
Think about how many trades you want open at the same time. Consider<br />
your available funds, and the conditions for the open trades, so<br />
that the next set of new trades may be opened without obstruction.<br />
4. time frame<br />
If the time frame is not specified, the time frame of the chart to<br />
which the <strong>Expert</strong> <strong>Advisor</strong> is attached will be used.<br />
5. Repeating<br />
Once a trade is open, consider whether or not the action should be<br />
repeated. Usually the answer is “no”. However, it is important to<br />
note that most traders only indicate the entering conditions, which<br />
the <strong>Expert</strong> <strong>Advisor</strong> fulfills at every tick.<br />
6. next trade<br />
If at least one trade is placed, please specify when a new trade can<br />
be opened: (e.g. when this one is closed; when the floating profit<br />
of this one is at least X pips; when the conditions on indicators are<br />
fulfilled again; even on the next bar, etc.)<br />
7. Indicators<br />
Unless otherwise specified, all the values of indicators will be taken<br />
on the current bar. All the crosses will be compared to the previous<br />
bar or the one before it.<br />
Place Account holder(s) signature(s)<br />
Date<br />
8. conditions<br />
All trading conditions should be quantitatively clear and realistic. If<br />
the conditions are unrealistic, they may be impossible to progra or<br />
the results your program generates will be random.<br />
9. number of currency pairs<br />
Consider how many pairs you want to use at the same time. It is<br />
generally recommended to trade on one or two pairs (The M I G<br />
Trading Station can support all 34 pairs at the same time). Note -<br />
unless specified, an <strong>Expert</strong> <strong>Advisor</strong> will trade only on the currency<br />
pair of the chart to which it is attached. If you prefer trading on<br />
several currency pairs, the following solutions are available :<br />
1. Attach the <strong>Expert</strong> <strong>Advisor</strong> to several charts of different<br />
currency pairs<br />
2. Program the <strong>Expert</strong> <strong>Advisor</strong> so that it works with several<br />
currency pairs<br />
If you decide to use several <strong>Expert</strong> <strong>Advisor</strong>s, the same <strong>Expert</strong> <strong>Advisor</strong><br />
on different charts, or if you trade manually in parallel to the <strong>Expert</strong><br />
<strong>Advisor</strong>, please note that it is not possible to make two trade<br />
operations at the same time. If you do, you risk freezing your trading<br />
platform for several minutes. We recommend separate trading<br />
with the <strong>Expert</strong> <strong>Advisor</strong> and manually on different sub accounts,<br />
which we can provide to you quickly and free-of-charge.<br />
Please note that if you have several <strong>Expert</strong> <strong>Advisor</strong>’s active at the<br />
same time, you risk run the risk of non-action to one or more <strong>Expert</strong><br />
<strong>Advisor</strong>’s, if another <strong>Expert</strong> <strong>Advisor</strong> is performing another action.<br />
10. testing is required<br />
Appropriate testing is a must before using <strong>Expert</strong> <strong>Advisor</strong> on a<br />
live account. Keep in mind that past trading performances do not<br />
guarantee you future success.<br />
I hereby certify that I have read and considered all the points as described<br />
in the <strong>Expert</strong> <strong>Advisor</strong> <strong>Programming</strong> <strong>Strategy</strong> Guidelines.<br />
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PRogRAMMIng InStRuctIonS oF thE clIEnt tRAndIng StRAtEgy<br />
Please describe you program Trading <strong>Strategy</strong> in the following fields.<br />
1. Entry points<br />
Describe conditions :<br />
2. Exit points<br />
Describe conditions :<br />
3. Number of lots to be placed<br />
4. Stop Loss and Take Profit<br />
<strong>Expert</strong> <strong>Advisor</strong> <strong>Strategy</strong><br />
<strong>Programming</strong> <strong>Request</strong> <strong>Form</strong><br />
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PRogRAMMIng InStRuctIonS oF thE clIEnt tRAndIng StRAtEgy<br />
5. Conditions for available margin<br />
6. Other conditions for opening a position<br />
7. Other conditions or comments<br />
IMPoRtAnt<br />
<strong>Expert</strong> <strong>Advisor</strong> <strong>Strategy</strong><br />
<strong>Programming</strong> <strong>Request</strong> <strong>Form</strong><br />
The <strong>Bank</strong> will provide you with an “.ex4” file and not the source code for the program.<br />
The <strong>Expert</strong> <strong>Advisor</strong> will only be operational with the M I G Trading Station; it will not work with other MT4 platforms.<br />
InStRuctIonS<br />
à To request programming services for your Trading <strong>Strategy</strong>, please send this form via email to<br />
info@migbank.com or fax it to +41 32 722 81 01.<br />
M I G BANK Ltd.<br />
Tel +41 32 722 81 00<br />
Place Account holder(s) signature(s)<br />
Date<br />
14, rte des Gouttes d’Or<br />
Fax +41 32 722 81 01<br />
CH-2008 Neuchâtel<br />
info@migbank.com<br />
Switzerland<br />
www.migbank.com<br />
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