Installation Procedure of Magic IB System in MT4

Thanks for contacting us. Let us guide you through the installation process of Magic IB System with the
new indicator in MT4. You could also start installing while watching the video and pausing it before you
complete that installation step on your MT4. Here they are:

1. In your MT4, go to Files-->Open Data Folder--> templates. Then copy and paste the template "1 a EB
template." that we sent you into the "templates" folder.

2. In your MT4, go to Files-->Open Data Folder--> MQL4--> Indicators. Then copy and paste all the
indicators that we sent you into the "indicators" folder of your MT4.

3. Next, restart your MT4 and check if you can see the indicator "Renko Chart Builder" under indicators
in your left hand pane of the Navigator.

4. Then Open a 1 min chart in MT4 of any pair that you want to trade in, say EUR/AUD.

5. Don't touch anything on it please. Turn off "Auto Scroll" on the toolbar and keep the "Home" key
pressed on your keyboard or the number "7" key on the numeric keypad and go as far back by date on
the chart as you can. Then right click on the chart anywhere and click on "refresh".

6. Now, click on the "Navigator" button on the tools menu which will open the indicators pane on the
left. Go to indicators and select "Renko Chart Builder" and drag it onto the 1 min chart. On the new
window, go to "Common" tab and check "Allow DLL Inputs" and "Allow external experts inputs"

7. Then, go to "Inputs" tab on the same window. Now set the value of the variable "Starting Price"
around 1000 pips more than the current price of the pair on the chart. For example, if the current price
of EUR/AUD is at 1.4800 on the chart, then you would enter the value as 1.5800

8. Now, set the values of the other variables on the same window as given under:

Renko Box Size 1 = 15

Box Shift Percent 1 = 25

Renko Time Frame 1 = 20

Show Wicks 14 = true

Max Bars 1 = 50000

Now scroll down to see more variables and values. Then set the values for the second chart.

Use Second Renko Chart = true

Renko Box Size 2 = 40

Box Shift Percent 2 = 25

Renko Time Frame 2 = 40

Max Bars 2 = 100000

Once you are done doing this press OK and then close the window

9. Now wait for 2 messages to show up on the upper left corner of the chart. Sometimes they appear
after a few seconds depending upon the tick on the live chart.

10. Next, in the MT4, go to File --> Open Offline. Then look for your pair. For example, EUR/AUD M40.
Now click on it to open the chart in MT4.

13. Once you have 40 minutes chart open, go to the templates icon on the toolbar and select the
template "1 a EB template.". It will be applied onto your offline chart. Don't apply the template to the 1
min chart.

14. Now repeat step 10 for your 20 min chart and find the chart in the Open Offline menu and then
apply the same template on it as well.

15. Make sure the "Auto Trading" on the toolbar is always On. When you switch profiles, it turns off
automatically. In that case you would have to turn it back on.

16. Remember! NEVER CLOSE YOUR 1 MINUTE CHART. It hosts your 2 offline charts.

At this stage, you could start trading on the charts.

Please watch the video as well to learn how to trade using these charts once you install them correctly.If
you need further help, let us know. Thanks and good luck.

Best regards,

Support Team

myforexmagicwave.com

MyForexMagicWave LLC (USA)