Create and Test Forex Strategies
This shows you the differences between two versions of the page.
Both sides previous revisionPrevious revisionNext revision | Previous revisionNext revisionBoth sides next revision | ||
eas-guide:exit-rules [2018/01/31 08:41] – yavor | eas-guide:exit-rules [2020/12/11 09:55] – Ilan Vardy | ||
---|---|---|---|
Line 1: | Line 1: | ||
====== Exit Rules ====== | ====== Exit Rules ====== | ||
- | The Exit Rules are responsible for closing positions. There are only three possible points for closing a position: at Stop Loss, aт Take Profit and at Bar Open. Since the Stop Loss and Take Profit are part of the Expert Properties here we will describe only the Bar Open case. | + | The Exit Rules are responsible for closing positions. There are only three possible points for closing a position: at Stop Loss, at Take Profit and at Bar Open. Since the Stop Loss and Take Profit are part of the Expert Properties here we will describe only the Bar Open case. |
===== No Exit Rule Indicators ===== | ===== No Exit Rule Indicators ===== | ||
Line 14: | Line 14: | ||
</ | </ | ||
- | When you create a new strategy it will contain no Exit rules and that is a perfectly valid exit condition. If there are no Exit rules the strategy will close all positions at the next Bar Open. This is indicated | + | When you create a new strategy it will contain no Exit rules and that is a perfectly valid exit condition. If there are no Exit rules the strategy will close all positions at the next Bar Open. This is indicated |
===== One Exit Rule Indicator ===== | ===== One Exit Rule Indicator ===== | ||
- | You can add Exit Rules indicators by using the "Add a new exit rule" | + | You can add Exit Rules indicators by using the **+ Add a new exit rule** button at the bottom of the Exit Rules list. The maximum number of Exit rules permitted is 2, after which the button becomes inactive, when this limit is reached. When you click the button, the program opens an Exit Rule Indicator panel at the left side of the Editor. There you can choose an indicator and set its Logical condition and parameters. |
- | All of the indicators | + | All of the indicators |
<WRAP group> | <WRAP group> | ||
Line 33: | Line 33: | ||
The example above shows one Exit Rule indicator – Bollinger Bands, with a logical rule: "The bar opens above Upper Band". | The example above shows one Exit Rule indicator – Bollinger Bands, with a logical rule: "The bar opens above Upper Band". | ||
- | The condition "The bar opens above Upper Band" can be either true or false. If you have an open long position and it happens | + | The condition "The bar opens above Upper Band" can be either true or false. If you have an open long position and a situation occurs where that the current bar opens above the upper Bollinger band, the strategy |
Let's now imagine that we have a short position and the bar also opens above the Upper band. The rule in the indicator slot is satisfied for a long position, but it is not satisfied for a short one because your rule for short positions follows the opposite logic. If we have to put it explicitly: close short when "The bar opens below the Lower Band". Because we are short and the exit rule doesn' | Let's now imagine that we have a short position and the bar also opens above the Upper band. The rule in the indicator slot is satisfied for a long position, but it is not satisfied for a short one because your rule for short positions follows the opposite logic. If we have to put it explicitly: close short when "The bar opens below the Lower Band". Because we are short and the exit rule doesn' | ||
- | ===== Two Exit Rules ===== | + | ===== Multiple |
- | When there are more than one Exit Rules, the program closes a position at Bar Open when at least one of these rules is satisfied. This is a key difference between the Entry and the Exit Rules. The program is very sensitive when it decides to close a position. | + | When there are multiple |
<WRAP group> | <WRAP group> | ||
Line 50: | Line 50: | ||
</ | </ | ||
- | Let' | + | Let' |
~~DISQUS~~ | ~~DISQUS~~ | ||