What is this? How did I get here? 

Welcome to the home of Trade Slapper, a forex chart and trade expert advisor orchestrator. Trade Slapper can function as an add-on to Trade Explorer by LeapFX and the FED bot available from Nurp* or you can upgrade to Trade Slapper Deluxe which includes its own (and dare we say, better!) Martingale expert advisor.

Why is it called the 'Trade Slapper' and how does it help me?  First let's discuss how the popular Martingale expert advisors (i.e. Trade Explorer and the FED bot) usually place and handle trades for you. As part of its standard trading strategy, this type of Martingale bot spends a lot of time not in the market. Using its proprietary indicator logic, it decides when to place a trade to enter the market with the intent of exiting quickly when the market price moves in the expected direction. When the market price does not cooperate, the first trade and subsequent trades are added to a trade basket. The Martingale bot then utilizes Grid and Martingale strategies to manage these trades with the goal of closing out the whole basket when a sufficient price retracement results in enough of the trades having a positive value and offsetting the original trades which still have a negative value.

The Trade Slapper watches all the charts running the Martingale bot and, if it finds any that don't already have a buy and sell trades on them, it 'slaps' a trade onto the chart by placing a buy and/or sell trade. One of these trades will likely close quickly. The other trade becomes the 'slap' that starts the Martingale bot's trade basket. The basket grows as price moves against it. The Trade Slapper continues slapping new trades in the opposite direction direction. When price begins to retrace, the trade basket usually closes out and a new one begins in the opposite direction, and the cycle continues.

The Trade Slapper's inputs include common Martingale bot settings which Trade Explorer and the FED use to operate.

Additionally, the Trade Slapper has a "re-slap" feature to take advantage of sideways price movements by placing slaps with half the standard take profit (TP) setting and typically 2x the lot size (fully customizable).

How do I set up the Trade Slapper?  Anyone who has used Trade Explorer or the FED bot knows they're not quite plug and play. We needed to watch videos and/or have someone walk us through the process. The Trade Slapper does a lot of this work for you by automatically opening all trade charts and applying Trade Explorer or the FED bot to the new charts with all the right settings. Skip down to "Registration and Download" to get started.

Why does the Trade Slapper open 2 charts for each currency pair?  The two charts per currency pair handle the long (buy) and short (sell) sides of the slaps and trade baskets. A copy of Trade Explorer or the FED bot will run on each chart and handle their respective buy and sell trades independently using unique magic numbers.

Can I just slap the Trade Slapper onto a new trading account with the FED bot?  This is the cleanest way to set up the Trade Slapper.

Can I just slap the Trade Slapper onto my trading account with existing FED bot trades?  Yes, but it can be complicated and potentially costly because of magic numbers. We recommend you start a new trading account, or re-use one that doesn't already have any open trades. 

Can I share the Trade Slapper with other people?  Yes, and you can do so using your referral code to get a cut of their licensing fees.

What are the minimum requirements for running the Trade Slapper?

• Account leverage: So far, our data suggests 1:500 is quite suitable for trading with Trade Slapper and TE/FED bot. 1:200 - 1:400 can work, but you may not enjoy how low the margin level can go and you should severely limit the number of pairs traded. 1:2000, if you can find it, is by far the best way to allow the Trade Slapper to shine.
• Broker max trades: If you trade all 27 currency pairs that Trade Explorer / FED can commonly work with, your account will occasionally reach 300 open trades (particularly due to any chart using <1.10 lot exponent). Contact your broker to ensure they will let you have open at least 350 trades.
• PC/Server/VPS: If you trade all 27 currency pairs you'll end up with 46+ charts. Chart count is linearly related to the amount of memory MetaTrader4 uses and can contribute to a lot of CPU usage. With so many possible server configurations, it's difficult to recommend a specific setup at this time, but this is the rule of thumb we use: if your server's VPS or CPU spike to 100% usage at any time, you need a better one!
• Balance: We recommend a minimum balance of $20,000.00 but this can vary widely based on your currency pair selections and lot size settings.

What does trading with Trade Slapper and the FED bot look like? First, a giant disclaimer:

The below information is in no way a guarantee of financial success with specific returns on your investment. Past results do not guarantee future results. In fact, at any time, the exact opposite is possible. The markets change all the time. No one knows what the market will do or else there wouldn't be a market. You could lose all your money trading on the forex market with or without a bot. Do not trade forex with money you cannot afford to lose as you learn or if the markets move in directions you do not have the balance to cover, or if you cannot recover from losing. We highly recommend you take into great considering our minimum balance per lot size recommendations and be aware that even that setting must be used with vigilant caution and attention and with money you can afford to lose. We are neither financial planners nor advisors. Any opinions we share are our own and reflect some of our own personal experiences.

Now that you've closely read the above disclaimer (essentially a summary of our official one), here is what working with the Trade Slapper and Trade Explorer / FED bot often looks like for us, starting with a new trading account. This information is based on experiences with our own live and demo accounts and can be seen by closely studying our live and demo account results available at myfxbook.com.

• First day:
  • After completing setup, instantly up to ~39 new slap trades are opened (46 if also doing shorts on JPYs, which we do not recommend).
  • If markets are busy at time of setup, half of these will close soon due to price movement and their Take Profit settings (TP). 
  • The first re-slaps are likely to occur before the first slaps close with TP. 
  • Balance increases are often mirrored by a similar value of equity drawdown spread across many currency pairs.
• First week
  • There could be over 100 open trades by now.
  • Returns can range from 0.3% to 1% per day (more likely to be closer to 0.3%) depending on how busy the markets are.
  • As a drawdown resolves in one direction, another drawdown will begin in the other direction. Generally speaking, there is never more than one drawdown per currency pair because as one direction goes into drawdown, the other direction receives slap after slap. However, as price retraces and a drawdown basket gets close to its TP, a basket will start in the other direction and could have ~3 trades in it when the drawdown basket closes.
• Second week:
  • There can be over 200 trades open by now.
  • Balance increases are often mirrored by a similar value of equity drawdown spread across many currency pairs.
  • Typical daily return is likely to increase from 0.3% to 0.4%. 
• Third week:
  • There can be around 200-320 trades open by now.
  • Balance and equity begin to move in sync more often. This manifests as a constant drawdown of 1-8%. 
  • Typical daily return is likely to increase from 0.4% to 0.6%. 
  • All currency pairs will be in some amount of drawdown, but only in one direction per currency pair as mentioned above.
• Week four:
  • Trade Slapper should be fully mature by this time.
  • Full maturity looks like a steady 3-8% drawdown spread across most of your currency pairs, 200 - 300 open trades, balance and equity usually moving in sync with each other, a daily return of 0.5%+, and an average daily return around 1%. 

At any time, depending on the combination of your balance, Trade Slapper settings, and market activity, drawdowns will reach 15-30% (and higher is always possible). For this reason, we recommend you frequently (at least weekly) transfer your balance increase out of your trading account to a safer place.

Remember, the above returns and drawdowns are not guaranteed in any way and only reflect our own personal experiences and can be seen by careful examination of our myfxbook data.

Can I share my license key with other people?  No, the license and trading account number have to match. It won't work with a different trading account number.

Can I backtest the Trade Slapper?  Yes, sort of. You can use our backtester to test 1 currency pair trading in 1 direction. It's not possible to test the whole Trade Slapper + Trade Explorer / FED setup with many charts and currency pairs. We do have several myfxbook links with both demo and live account results at reputable international brokers. You can also use the Trade Slapper in a demo account.

Can someone help me set up the Trade Slapper on my account?  Yes! Please schedule a free meeting with us.

How do I change my trading account number tied to my license key?  You can update it at any time, but beware that Trade Slapper checks your license every 20 minutes or so.

Which forex currency pairs is the Trade Slapper designed to work with?  The Trade Slapper is currently designed to trade with the following forex currency pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY.

I have so many more questions. How do I get answers?  Please sign up for a free consultation session or start a support ticket for email communication. We're happy to talk.

Registration and Download

1. Sign into your TradeSlapper.com account or complete an account registration.
2. Sign up for a consulting session or fill out a contact request if someone has referred you and is able to help you get up and running.
3. Place an order for either the demo or the standard live Trade Slapper license (after satisfying #2 above by speaking with a TradeSlapper.com rep).
   1. Fill in the broker account number in which you intend to use the Trade Slapper. The account number can be for a real live account or a demo account. The account number is used to tie your lot sizes and balance to your account here at TradeSlapper.com.
   2. Read and accept the Trade Slapper license agreement and the Forex Trading Risk Statement and Liability Agreement.
   3. Add the product to your cart and check out.
4. Grab your license key.
5. Download the latest Trade Slapper.
6. Extract the files on your computer and drag and drop them into your MetaTrader 4's MQL4 folder.

Installation in MetaTrader 4 (MT4)

1. After downloading the Trade Slapper, open the zip file.
2. Open the MT4 instance in which you wish to use the bot.
3. From within MT4, open its data folder by clicking on the File menu > Open Data Folder.
4. The contents of the Trade Slapper zip file mirror the structure of the MT4 data folder. You can drag and drop the contents to the data folder or otherwise copy the files one folder at a time.
5. Restart MT4, or right-click in the Navigator pane's Indicators, Expert Advisors, or Scripts folders, and select Refresh.
6. Trade Slapper should show up under Expert Advisors in the Navigator pane.
7. In the Tools > Options > Expert Advisers menu, ensure the following options are enabled:
   1. 'Allow Automated Trading' before loading the Trade Slapper, or, among other issues, none of the charts it opens will be able to place trades
   2. 'Allow DLL imports' is required to allow Trade Slapper to verify your license key and share closed transaction data
   3. 'Allow WebRequest for listed URL' and add 'https://tradeslapper.com' to allow Trade Slapper to verify your license key and share closed transaction data
8. Open a new chart for any currency pair. It can be any one - it doesn't matter.
9. Drag the Trade Slapper from the Navigator pane and drop it onto the currency chart opened earlier.
10. Enter your Trade Slapper license key and TradeSlapper.com email address.
11. Enter your FED bot receipt/registration code and email address. We need to pass this information to the FED bot that is loaded with each chart.
12. Adjust your comfort/risk settings or proceed with the default settings. Documentation on these settings can be found here.
13. After you click Okay, Trade Slapper will close all your other charts and open new ones with specific trade options, magic numbers, etc, so consider this before you click Okay. After Trade Slapper has opened charts, you can revisit the Trade Slapper's input options and set "Open all Charts" and "Close all Charts" to 'false' and click Okay to prevent this behavior from repeating when you may not want it to.
14. We recommend you also save your settings in a new .set file.
15. Sit back and watch! If you run into snags setting up the Trade Slapper, please open a support request and we'll help you get up and running.

*TradeSlapper.com and Trade Slapper are offered with no association, approval, or endorsement by Nurp or LeapFX. Trade Explorer licenses, if desired, may be purchased at LeapFX and a FED bot license, if desired, may be obtained at Nurp.