Create and Test Forex Strategies
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eas-guide:entry-rules [2018/01/30 15:01] – yavor | eas-guide:entry-rules [2020/12/10 08:07] – Ilan Vardy | ||
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====== Entry Rules ====== | ====== Entry Rules ====== | ||
+ | EA Studio provides you with various indicators that you can use for your entry rules. You also have the option to adjust their parameters and logic rules. This way you can get the best Forex Entry Point. | ||
- | **EA Studio** uses technical indicators | + | As soon as a new bar opens on the chart, each of the entry rule is evaluated. The strategy needs to determine |
- | For example: if you use a Momentum indicator with a logical rule " | + | A 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 |
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 ==== | + | ==== Add/Remove Entry Rules ==== |
- | You can add Entry Rules by using the **+ Add a new entry rule** button. | + | You can add Entry Rules by using the **+ Add a new entry rule** button. |
- | All of the indicators express a logical condition that can either be fulfilled or not fulfilled. When creating a strategy, you should | + | To remove an Entry Rule just click the **X** button on in the top-right corner of its box. |
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+ | ==== Using a Single Entry Rule ==== | ||
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+ | All of the indicators express a logical condition that can either be fulfilled or not fulfilled. When creating a strategy, you should | ||
<WRAP group> | <WRAP group> | ||
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The strategy will trade Long when "AC rises" and will trade Short when "AC falls" | The strategy will trade Long when "AC rises" and will trade Short when "AC falls" | ||
- | ==== Two or more entry rules ==== | + | ==== Using multiple Entry Rules ==== |
When a strategy has more than one indicator, it will trade only if all indicators give permission for entry in the particular direction. | When a strategy has more than one indicator, it will trade only if all indicators give permission for entry in the particular direction. | ||
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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 | + | * trade Long - when: "AC rises" and "RSI changes its direction upward" |
- | * trades | + | * trade Short - when: "AC falls" and "RSI changes its direction downwards" |
===== Ambiguous rules ===== | ===== Ambiguous rules ===== | ||
- | There are cases when the strategy | + | There are cases when the Entry Rules' |
+ | Example: | ||
<WRAP group> | <WRAP group> | ||
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</ | </ | ||
- | That strategy will not trade because its rules give simultaneously | + | The strategy |
~~DISQUS~~ | ~~DISQUS~~ |