Forex Pro Island Setup Guide
The Forex Pro Island MT4 Auto Bot is likely the best automated Forex software around. That said, people have been experiencing issues with installation, which is what this Forex Pro Island Setup Guide is all about.
STEP 1: Download MetaTrader
Step number one involves downloading and installing the MetaTrader 4 platform. It is important to know that the Forex Pro Island Bot works only on MetaTrader 4, simply known as the MT4 platform. In order to download this day trading platform, simply go through your broker and download it from there.
You can also use Google to search for MetaTrader 4, and then follow the search results, and download it from the official site. Once downloaded, follow the simple setup instructions.
STEP 2: Download Bot from ForexProIsland.com
In order to use the Forex Pro Island Bot, you first need to download it. You will then install the Bot onto the MT4 platform. In order to download this day trading app, first go to the official Forex Pro Island website. You can find the links here in this setup guide, at the top and bottom of the article.
Simply go to the official site and click on any one of the sign up/download links. You’ll have to enter some personal info before downloading it. Make sure to save the file to a location that is easy to access, such as the desktop on your computer.
STEP 3: Paste x6 BGot Files into MQL4/Experts Folder
Now that you have downloaded the Forex Pro Island file, open the file up, and also open up the MetaTrader 4 platform. Once the MetaTrader 4 platform is open, go to file, and select the MQL4 folder. Within this MQL4 Folder, go to the expert advisor folder. Now, go to the FX Pro Island file.
You will notice that there are 7 files within, 6 of which are the currency bots, and 1 of which is a setup guide. Select all 6 of the currency bots and then drag and drop them into the MQL4/Experts folder. Instead of dragging and dropping, you can also copy and paste them into there.
STEP 4: Paste SLM.dll File into MQL4/Libraries
The next step here is to paste the full SLM.dll file from the Forex Pro Island download file into the libraries folder. Here, take the SLM.dll file from the downloaded file, and then copy and paste it into the libraries folder. Just like the expert advisor folder, the libraries folder is found within the MQL4 folder. This should take a few seconds at the most.
STEP 5: Download All History Charts on Your MT4 Platform for All 6 Forex Pairs
What you need to do now in order for the Forex Pro Island Automated Bot to work, is to download all historical data for all timeframes, for each of the 6 currency pairs which this software can trade. You will need to download the history for AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY.
On the MetaTrader 4 platform, select “tools” tab, then go to “history center”, then click on the “Forex” tab, then select the Forex pairs you need to download the history for, then download all time frames. Triple click on each of the pairs and timeframes for each pair, and then download them. This needs to be done for the bot to work.
STEP 6: Open All 6 Forex Pair Charts
Using the MetaTrader 4 platform, go to the charts. Now, open up all 6 of the charts for the corresponding currency pairs which the Forex Pro Island Bot is designed to trade. Yes, you can open them up all at once and size them so they can all fit beside each other on the same screen.
Make sure to open up the charts with the corresponding time frame for the currency pair in question. For instance, if one of the FX currency pair bots is labelled as “H1” or “M5”, the chart you open also needs to have that same designation.
STEP 7: Drag & Drop Each Bot to Corresponding Charts
Now, go to the expert advisors folder, which you should now be able to find on the left side of the dashboard. Right click on this folder and then click on the “refresh” button. Now, open the expert advisor folder up, and you should be able to see all 6 of the currency bots.
Take each bot and then drag and drop it onto the corresponding chart. For instance, the AUD/USD H1 bot would be dragged onto the AUD/USD H1 chart. Every time you drag and drop, you’ll have to click “OK”.
STEP 8: Enter License Key Received After Purchase
When you first purchased and downloaded the Forex Pro Island Bot, you should have gotten a specific license key sent to the email which you signed up with. Within the little window that you click “ok” on after dragging and dropping the bot, you will see a section to enter the license key. Enter your specific license key here. This only needs to be done once.
STEP 9: Click on the Proper Settings – ALLOW
Then, there are some settings you will need to activate in order to allow the Forex Pro Island bot to run. Withing this same little window, where you clicked “ok” after dragging/dropping, the same window you entered the license key, you will see a tab labelled “common”. Go to this tab and then make sure to click/activate on “enable alerts”, “allow DLL imports”, “allow live trading”, and “allow import of external experts”.
STEP 10: Click on “Auto-Trading”
The final step here, to allow the Forex Pro Island Auto Bot to run is to activate autotrading within the MT4 platform. Here, simply go to the top of the dashboard. You will see a button labelled “autotrading”. It is red when turned off. Click it. It should turn green, which means that autotrading is activated, and the software should immediately start executing FX trades on your behalf.
Forex Pro Island Setup Guide – Conclusion
Yes, this can be a confusing process. If you have any more questions or issues with setting the Forex Pro Island Bot up, please feel free to ask and we will get back to you ASAP.