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CongratulationsWelcome to the PIPS MINER SE, one of the most sophisticated Expert Advisors on the Forex market. Congratulations on the purchase! You now have a very profitable automatic system that we’ve tested for months now, both on demo as well as on real money accounts. The tests have shown the it is effective and profitable, and it is up to you to choose the risk / reward ratio and the profit percentage. Unlike other Expert Advisors, we would like to keep you on the safe and profitable side of trading, because the greater the number of satisfied users, the bigger the number of sold robots. And your satisfaction is our fundamental goal!

We would like to assure you that the robot will be regularly updated and by becoming a member to our website you will have your access pathway to the updates. Right now PIPS MINER SE comes in two versions, very moderate and slightly more aggressive, but we can assure you that by the time we will develop more aggressive versions, generationg much more pips.

Before you get into the details of PIPS MINER SE and Forex markets, we have to ask you to read the following statement:

Risk Disclosure StatementHYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN IN THIS DOCUMENT. IN FACT, THERE ARE FREQUENTLY HUGE DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.

HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITYTO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

U.S. Government Required Disclaimer:Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site in this manual. The past performance of any trading software or methodology is not necessarily indicative of future results.

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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading software is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Forexzone Ltd. and any authorized distributors of this information harmless in any and all ways.The use of this software constitutes acceptance of our user agreement. Forex MarketsAlthough this Ebook is not intended as a comprehensive Forex guide, we’ve put together for you some bits and pieces that should help you understand the market, for to trade the market without understanding its principles is a huge mistake. Every new trader should become familiar with the terminology of Forex, because this basic knowledge will definitely help them to generate profits.

What is Forex market?

The foreign exchange market (Forex or FX) is a global marketplace where currency trading takes place. Currently it is one of the largest and most liquid financial markets in the world and includes trading between banks, currency traders, corporations, governments, and other institutions and individuals. The average daily volume in the global foreign exchange is continuously growing. In 2007 it was reported that over $3.2 trillion were traded daily on the Forex market.

There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the “over the counter” nature of currency markets, it is rather a number of connected marketplaces, than a single market. That is why there is not a single exchange rate, but a number of different rates. The main trading centers are: London, New York and Tokyo, but Hong Kong and Singapore are also very important. Currency trading takes place continuously throughout the day; when the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session. Forex market is open 24 hours a day, 5 days a week, excluding weekends.

London is the biggest foreign exchange market in the world and through its dominance in the market, a particular currency’s quoted price is usually the London market price. But this also means that while London operates, therte is the biggest liquidity on the FX market and there is take a decent profit.

On the FX market currencies are traded one against another. Each pair of currencies constitutes a different, unique product. The price of the first currency in the pair is expressed in the second currency in the pair. So if we see EUR/USD and the price 1.6161 it means that the price for 1 euro is 1.6161 dollars. The most frequently traded pairs are those involving dollars, euro, yen and sterling. The most popular pairs are EUR/USD, USD/JPY and GBP/USD.

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There are several possible financial instruments on the FX market and those are:

• swap – the most common and most forward transaction type, where two parties exchange currencies for a certain period of time and agree to reverse the transaction at a later date

• spot – a two day delivery transaction the trade represents a direct exchange between two currencies and has the shortest time frame

• forward – one-way transaction, where two parties agree on a transaction on a future date, regardless of what the market prices are by that date

• futures – foreign exchange futures are exchnge traded forward transactions with standard contract sizes and maturity dates

• options – the market where the owner has the right, but not the obligation to exchange money denominated in one currency to another currency at a pre-agreed exchange rate; this is the deepest, largest and most liquid market in the world

Forex Terms GlossaryAsk – to buyBid – to sellBid/ask spread (pips) – the difference between the proposed buying price and the actual selling priceBearish – when the price is going down (downtrend)Bullish – when the price is goin up (uptrend)Base currency – first currency in a pair (example: EUR/USD)Counter currency – the second currency in a pair (EUR/USD)CPI – measure used to calculate the change in the prices of consumer goods in 200 categoriesGross Domestic Product – total market value of all goods and services produced within a country (GDP); it usually influences the exchange rate of the country’s currencyGoing long – investing in the base currencyGoing short – investing in the counter currencyLot - $100,000 contract valueMini Lot - $10,000 contract valueLeverage – the ratio between the money you deposit in your account to the actual value: if you use $1,000 to buy a Forex lot (contract) with a $100,000 value the leverage is 100:1Liquidity – financial ease of transaction, i.e. cashPip (percentage in point) – the measure of the smallest change in price amounting 1/10,000 of the value; if the EUR/USD price changes from 1.6161 to 1.6163 it changes by 2 pips. Pivot points – the tool to predict low and high points of the graph; pivot points show short-term trend and have to be recalculated each business dayTrading volume – the volume traded

Currency abbreviations:

USD (U.S. dollars) GBP (UK pounds) EUR (European euros) JPY (Japanese yen) CHF (Swiss francs) CAD (Canadian dollars) AUD (Australian dollars) CNY (China yuan) CZK (Czech korunas) HKD (Hong Kong dollars)

HUF (Hungarian forints) ILS (New Israeli shekels) INR (Indian rupees) KRW (Korean wongs) MXN (Mexican pesos) PLN (Polish zlotys) SGD (Singapore dollars) ZAR (SA rands) THB (Thai bahts)

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Trading psychologyMany experienced traders agree that the most difficult obstacle to overcome to become an effective trader is the psychology. On a daily basis you have to deal with some huge issues, such as ego, greed, discipline, endurance, determination, prudence, credibility. That is the first and most important reason to invent a trading robot, or as it is called, an Expert Advisor. Implementing the robot you eliminate a lot of psychological hurdles that could influence your performance as a trader a lot.

Protecting your fundsEvery trader should first of all think about controlling the losses. It really does not matter how big is your account, you should always afford a loss that occasionally can happen. The most difficult bit of money management is however to determine the risk ratio. Generally, it is said that you should never risk more than 2% of your account. On the other hand, when you’re trading account is very small, you can choose to use a larger % in order to build your account. So when you sign up for an account with a broker you should first:

• determine how big should your account be• check if the broker you’ve chosen allows for mini or micro accounts (if you want to open a

mini or micro)• check what the lot size is suitable for your account; you can do that on our website where

you will find the Lot Calculator in the Members Area

Remember, there are traders out there who prefer always to have mini accounts, because they can give them a lot more flexibility.

No matter if you have been trading for several years or are a newbie. There are some fundamentals to be followed, and these are:

• Keep your eye on the trend. The trend is your friend!• Cut losses.• Always use “stop-loss”.• Stick to the plan. • Use the leverage carefully. • Take a rest from the market.• Get yourself a PIPS MINER SE Expert Advisor.

Starting upIf you don’t have a Forex account yet, you will have to find a broker. It is complietely up to you which broker you choose, but please note that not all of them will suit your needs. If you would like to establish a micro or mini account, then you will have to look for a broker who offers micro or mini account.

Anyway, when you’ve chosen the broker you have to open an account and download the Metatrader 4 platform. Although there are several other platforms available on the market, the Metatrader 4 is the most popular platoform. The majority of the Expert Advisors work with Metatrader 4, it is user friendly and even allows yourself to become a Forex Robot designer. Most of the brokers offer Metatrader 4, but sometimes they also offer their own trading platform. But as most of the robots have been tested on the MT4 and nobody really knows how those robots would work with other platforms, we highly recommend the METATRADER 4.

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Installation of the platformThe installation of the platform is fairly easy. When you’ll sign for the account you will be redirected to a page where you can downlowd the platform. Click on the “DOWNLOAD DEMO SOFTWARE” and save the file to your desktop or another location that you can easily recall it from. Choose the language from the setup menu.

Then read the Terms & Condition and tick the box as shown on the image below and click “Next” button.

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Select the destination from the browser and launch the installation as shown on the images below.

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When you have installed platform onto your computer, you will see a similar icon to this:

Double click on this icon and you will access the trading platform.

When you open the platform there will probably be several charts open. Close each of them by clicking the cross in the top right han corner, then go to the File in the menu and select “Open Account”.

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Now you will have to fill in your details again. Fill in every box and select a type of account of your choice. If you can afford a micro account, select a micro account. Even though it is a “play money” account you will learn more if you keep it realistic. Remember, you are here to learn how to trade and if you can afford $500, let the account reflect your real future deposit.

If you don’t feel like, you don’t have to fill in your real detais for the demo account. When you finish click “Next”.

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When you finish you will be prompted to select a server, so just highlight the chosen one.

You will then see the details for your demo account. Please make sure you write them down, because you will need them in order to log onto your account in the future.

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NOW YOU HAVE FINISHED THE DOWNLOAD / REGISTRATION PROCESS.

Now when you are logged onto the platform, you will see a bar in the bottom right hand corner. It shows you the connection status.

By clicking select the currency pair EUR / USD. Select M5 (5 minutes) chart from the charts menu above the chart:

You are ready to start demo trading now and you can play with the paltform in order to get familiar with it, but please do not start any trades yet, unless until you learn more about forex and implement the PIPS MINER Expert Advisor family.

Pips Miner OptionsPIPS MINER opens trades while London Market remains open, which means between 8:00 A.M. – 5:00 P.M. London Time. Please note that due to DST London Time is not always the same as GMT (Universal Time).

You have now your copy of PIPS MINER and they are easy to install. Please read the following carefully in order to avoid any errors. However please remember that there is a slight difference between the performance of the different Pips Miner versions and they are shown in the table below.

Strategy PIPS MINER LELight Edition

PIPS MINER SEStandard Edition

PIPS MINER EEExtended Edition

Tested at Account Size $100 $1500 $3000

Total Net Profit* $196.95 $7077.70 $25,544Profit %* 196.9% 471.8% 851.5%Profit trades (% of total)* 93.51% 91% 88.88%

Max Consecutive Wins* 14 23 27

Open New Trades Between

8:00am–5:00pm London Time**

8:00am–5:00pm London Time**

8:00am–5:00pm London Time**

Max Simultaneous Orders 1 4 8

Intelligent Money Management Feature

Basic High Maximum

* Based on results Jan-Jul 2009 ** Due to DST (Daylight Saving Time) London Time changes two times a year (in the spring and in the autumn).

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ECN/STP brokersPips Miner will automatically detect if your broker is an ECN/STP and modify its orders to add stop loss and profit target after the trade has been opened. However,if any problems occur during this process and Pips Miner is not able to add s/l and t/p parameter to the trade, it will monitor this trade and close it automatically when it hits either s/l or t/p. Please note that in such case Pips Miner must remain switched on all the time, otherwise it will not be able to close the trade in time. You can turn off Pips Miner SE and EE.

Installing Pips Miner advisorsOnce you have got Metatrader 4 installed successfully on your computer it is time to install the PIPS MINER Expert Advisor. The installation is not a very complicated process and it is the same for all the versions – you just need to follow the instrudtions step by step. Shall you experience any problems, please do not hesitate to contact us at:

www.my4xstore.com/contact

Step 1If you followed the download instructions in the members area of the website correctly, you should have a ZIP file on your computer.The file contains the following attachments:

A) An Expert Advisor file(PipsMiner_LE.ex4)B) A Library file(PipsMinerLib_LE.dll)C) This instruction manual (InstructionManual.pdf)

If you purchased PIPS MINER SE the ZIP filewillcontain:A) An Expert Advisor file(PipsMiner_SE.ex4)B) A Library file(PipsMiner_SE.dll)C) This instruction manual (InstructionManual.pdf)

If you purchased PIPS MINER EE the ZIP filewillcontain:A) An Expert Advisor file(PipsMiner_EE.ex4)B) A Library file(PipsMiner_EE.dll)C) This instruction manual (InstructionManual.pdf)

If you purchased the PIPS MINER Package, you should have all the above mentioned files.

Now you should unzip the Advisor and Library files.

Step 2If your Metatrader application remains open, you should now close it. The Expert Advisor directory is usually under the “experts” subfolder of the MT4 installation folder. You can use your Windows browser to browse it. Find Meta Trader 4 in your Program Files folder and find “experts” subfolder. Copy the Pips Miner_SE.ex4 file (or _LE.ex4 or _EE.ex4 files accordingly) to that subfolder.Then open the “libraries” subfolder in the “experts” subfolder. Copy the PipsMinerLib_SE.dll file (or _LE.dll or _EE.dll files accordingly) from the zip package to the “libraries” subfolder in the “experts” folder.

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Step 3Check in your MetaTrader4 if the operation succeeded. If it did, you should see the Expert Advisor’s name in the drop down navigation menu of your MT4.

Step 4Launch the expert by performing the following operations:

To allow autotrading by an expert advisor, click on the Expert Advisors button on the panels of the MT4.

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Double click the expert (PIPS MINER SE); you will see the following window:

Please tick to “Allow DLL imports” and “Allow live trading”. Confirm by clicking “ok” button.

Open “inputs” in the left hand upper corner of the window. The following window will appear:

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On the image above you can see all the preset parameters of the advisor.

• “VersionDesc” means the brief description of the product. The EA is most effective with EUR/USD M5.

• LicenceDesc – just leave it as it is. • Licence_Number_SE - you will have to insert the number you have received in the email when

you purchased the PIPS MINER SE (or, accordingly LE or EE).• UserLogin – please insert your login, the same you inserted when you registered at www.

my4xstore.com). • EA_Pass – please insert your password (the same as to your account at www.my4xstore.com). • ParamsDesc – leave it as it is.• Lots – you can alter the size of the lots you would like to trade. Check what lot size is suitable

for your account; you can do by checking the Lot Calculator at www.my4xstore.com.• Magic_Number is a unique predefinednumber,which allows the robot to open and close

predetermined number of transactions (see table above in this Manual). • Back TestDesc - leave as it is.• London_Time_Shift - the EA works when London market is opened. This parameter is

automatically downloaded by the EA. In case you would like to run a back test you should type in the time difference between your broker (the time displayed on your MT4 graph) and London. When running a back test you will have to enter the license numbers, email and password again. After initialization, you will receive a „London Time Shift = xxx” message in the Experts tab (see the picture below). This is the value to be entered in London_Time_Shift box.

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IMPORTANT FOR THE USERS OF PIPS MINER EE v2.1

• MX_Lots enables to set the recovery mode multiplier. You can alter this number, however if you want to do so, please be sure to make it before you launch the robot. If you want to turn off the recovery mode, set the value to 0. We have tested many various recovery mode settings and 8 seems to be the most effective one, therefore we recommend that you leave this default value unaltered.

Please note: Every modification or restart of Pips Miner EE makes the strategy forget about the lost trades. This means that if you suffer a loss, you will turn the recovery mode off for the next trade. In case of Pips Miner SE you don’t have to turn off the computer as there is no recovery mode. Last but not least – trading with Pips Miner EE allows you to turn it off at any time and even change the MX-Lots without influencing the recovery mode.

Important: When launching the LE or EE version of the Pips_Miner you will have to repeat the same steps. Once you complete it your Expert Advisors will be ready for trading. If you have purchased a Trial Version of any of the Pips Miners you should proceed as described above. Once the trial period ends, your license will be disabled, and your Expert Advisor will not be able to open trades anymore. If, however, you will have open trades when the trial period ends, all will be closed when the t/p or s/l is reached.

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When you have preset the EA and allowed live trading, you will see the following message displayed on the graph:

Please note: if you launch any robot from the Pips Miner range outside London trading hours, the “Trade Status” will say: WAITING FOR LONDON OPEN and the trade will not start until the London market opens. If the London Market operates the “Trade Status” will show “ALLOWED”.

When the EA is ready you should see a smiling face image in the top right hand corner:

NOTE: You install all the Pips Miner versions in the very same way. In case you have any questions do not hesitate to contact us at: www.my4xstore.com/contact

We wish you a successful trading.

Forexzone Ltd.www.pipsminer.com