What is this? How did I get here? 

TradeSlapper.com is the home of the Trade Slapper, an add-on to The FED bot expert advisor available from Nurp*

Why is it called the 'Trade Slapper' and how does it help me?  First let's discuss how the FED bot usually places and handles trades for us. As part of its standard trading strategy, the FED bot spends a lot of time not in the market. Using its proprietary 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 FED 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 FED 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(s). One of these trades will likely close quickly. The other trade becomes the 'slap' that starts The FED bot's trade basket. The basket grows as price moves against it. The Trade Slapper continues slapping in the other direction. When price begins to retrace, the trade basket usually closes out and a new one begins in the opposite direction. Slap lot sizes vary according to your comfort/risk level settings, but generally the slaps for currency pairs which tend to have faster price retracement are set to 2x your standard opening lot size, but this is fully customizable.

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.

How do I set up the Trade Slapper?  Anyone who has used the FED bot knows it's not 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 putting the FED bot on them 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. A copy of 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 my trading account with existing FED bot trades?  Yes, but it can be complicated and potentially costly because of magic numbers. This is the primary reason we currently require all new clients to schedule a consulting session with us prior to receiving access to a Trade Slapper live account license. 

Can I just slap the Trade Slapper onto a new trading account with the FED bot?  This is the cleanest way to set up Trade Slapper. However, even though we are working hard to simplify the setup of the Trade Slapper, you must still schedule a consulting session to make sure you know a little more about what you're getting into.

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 account leverage levels work best with Trade Slapper?  So far, our data suggests 1:500 is quite suitable for trading with Trade Slapper and the FED bot. 1:200 - 1:400 can work, but you may not enjoy how low the margin level can go.

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 do not use any risky settings above "Occasional 2am wakeup" and 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 FED bot at "Occasional 2am Wakeup" level 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 ~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 300 trades open by now.
  • Balance and equity begin to move in sync more often. This manifests as a constant drawdown of 3-8%. 
  • 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 0.7%, and an average daily return around 1%. 
  • At any time, depending on the combination of your balance, Trade Slapper settings, and market activity, drawdowns can reach 20-35%.

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 account number.

Can I backtest the Trade Slapper?  Due to the complicated nature of Trade Slapper's orchestration (two EAs working in concert with each other), it is not possible to backtest it (as far as we are able to tell - please let us know if you figure it out! We'll pay you for the information if it is repeatable in MT4). However, 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 meeting with us.

How do I change my trading account number tied to my license key?  You don't need to change it. Just purchase another free copy of the Trade Slapper and set a new trading account number on it, then start using the new license key. You may receive a prorated invoice for the old and new accounts (assuming you stop using the old account and license key).

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.

How do I update the lot sizes when my account balance goes up or down?  Trade Slapper can automatically calculate your lot sizes for you (except for the Custom comfort/risk setting) and it can automatically update your FED charts for you. Simply enable "Autoupdate by checking lot sizes every 5 mins" or click the "Update Lot Sizes" button on the Trade Slapper chart and watch the automation go!

I have so many more questions. How do I get answers?  Please sign up for a free consultation session or start a support ticket. 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. If you don't already have a FED bot license, please visit Nurp.