Create and Test Forex Strategies
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====== Entry Rules ====== | ====== Entry Rules ====== | ||
+ | For each Entry Rule in **EA Studio** you can choose an **indicator** to use, indicator logic and indicator **parameters**. EA Studio will use these settings to draw the indicator line and evaluate if it should open a position and in what direction. | ||
- | **EA Studio** uses technical indicators to determine | + | Each of the Entry Rules is evaluated in each bar. The evaluation of each Entry Rule when backtesting results in the " |
- | For example: if you use a Momentum indicator with a logical rule " | + | An practical |
- | In EA Studio all **Entry Rules** have to be met before a strategy can open a position. This means that if in the above example there is another | + | However we wanted |
You have to set only the rules for the long positions. EA Studio will set the rules to enter a short position automatically. It will do so by mirroring the long rules. You can see the short entry rules by clicking the **Short entry** tab above the Entry Rule list. | You have to set only the rules for the long positions. EA Studio will set the rules to enter a short position automatically. It will do so by mirroring the long rules. You can see the short entry rules by clicking the **Short entry** tab above the Entry Rule list. | ||
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In this case EA Studio will not open a position because there are no rules to determine the direction of the entry. | In this case EA Studio will not open a position because there are no rules to determine the direction of the entry. | ||
- | ==== One entry rule ==== | + | ==== Using a Single Entry Rule ==== |
You can add Entry Rules by using the **+ Add a new entry rule** button. You can't have more than four Entry Rules. The button **+ Add a new entry rule** button will become inactive when this limit is reached. When you click the button, the program will open an Entry Rule Indicator panel at the left side of the Editor. You can choose an indicator there and set its Logic and parameters. | You can add Entry Rules by using the **+ Add a new entry rule** button. You can't have more than four Entry Rules. The button **+ Add a new entry rule** button will become inactive when this limit is reached. When you click the button, the program will open an Entry Rule Indicator panel at the left side of the Editor. You can choose an indicator there and set its Logic and parameters. | ||
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In that example we have two indicators. Following the strategy logic, the program will: | In that example we have two indicators. Following the strategy logic, the program will: | ||
- | * trades Long - when: "AC rises" and "RSI changes its direction upward" | + | * trades Long - when: "AC rises" and "RSI changes its direction upward" |
- | * trades Short - when: "AC falls" and "RSI changes its direction downwards" | + | * trades Short - when: "AC falls" and "RSI changes its direction downwards" |
- | If one of the rules is not satisfied, the strategy will not trade. | ||
===== Ambiguous rules ===== | ===== Ambiguous rules ===== |