forex software

Ash24 · 2018-08-07 18:38:05

Ash24
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Registered: 2018-08-07
Posts: 2

Topic: Stop Loss - Always Use, May Use

Hi All,

Firstly, would like to say hi as this is my first post, I've read the guides and searched the forum but struggling to find definitive answers

If I use Stop Loss - Always Use combined with a strategy exit rule what will happen, I'm guessing that the first to trigger wins rather than one having preference over the other?

What does or Stop Loss - May Use mean, is that just for strategy generation, so that strategies can be generated with or without a stop loss, or is it used in the logic of finished EA somehow?

Thanks,
Ash

Popov · 2018-08-07 19:00:49

Popov
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From: Bulgaria
Registered: 2006-11-30
Posts: 7,986

Re: Stop Loss - Always Use, May Use

Hello Ash,

Welcome to the community!

Your guess is correct. The strategy closes a position ether on SL or when there is a satisfied closing condition, which happens first. An important difference is that the SL is set on the broker and it can be activated if the internet or the local machine fails and the expert doesn't run. The SL is the ultimate protection when the market goes against the position.

The Stop Loss: May Use options is only for the Generator. When May Use is selected the Generator tries to find best strategy with or without SL. You may see strategies in the Collection with and without SL.

Ash24 · 2018-08-07 19:23:11

Ash24
Licensed Member
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Registered: 2018-08-07
Posts: 2

Re: Stop Loss - Always Use, May Use

Perfect, thankyou for a very thorough and speedy response
Much appreciated
Ash

forex software

Stop Loss - Always Use, May Use

Posts: 3

1 Topic by Ash24 2018-08-07 18:38:05

Topic: Stop Loss - Always Use, May Use

2 Reply by Popov 2018-08-07 19:00:49

Re: Stop Loss - Always Use, May Use

3 Reply by Ash24 2018-08-07 19:23:11

Re: Stop Loss - Always Use, May Use

Posts: 3

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