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eas-guide:strategies-and-expert-advisors

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eas-guide:strategies-and-expert-advisors [2019/02/25 17:27]
Vinicius Barenho Pereira eas-guide:strategies-and-expert-advisors-strategy-properties.png
eas-guide:strategies-and-expert-advisors [2019/04/06 14:28]
Vinicius Barenho Pereira ?nolink in image tags
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 What you see on the picture below is the price chart of the EURUSD market. You can trade manually - buy and sell on the market. You can also see the current (latest) price in the right end of the chart. As you will notice the price is constantly moving and it is not easy to decide whether you should buy or sell and what point in time you should act. Of course, you want to trade in the proper direction since you want to make a profit. What you see on the picture below is the price chart of the EURUSD market. You can trade manually - buy and sell on the market. You can also see the current (latest) price in the right end of the chart. As you will notice the price is constantly moving and it is not easy to decide whether you should buy or sell and what point in time you should act. Of course, you want to trade in the proper direction since you want to make a profit.
  
-{{ :eas-guide:eurusd_market.png |}}+{{ :eas-guide:eurusd_market.png?nolink |}}
  
 ==== Indicators ==== ==== Indicators ====
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 You can add an indicator to the chart very easily. For our example, we will use one of the most popular indicators - MACD ("Moving Average Convergence Divergence"). You can just drag and drop the indicator from the MetaTrader **Navigator** box to the chart. (if you don't see the navigator go to **View > Navigator** to enable it) You can add an indicator to the chart very easily. For our example, we will use one of the most popular indicators - MACD ("Moving Average Convergence Divergence"). You can just drag and drop the indicator from the MetaTrader **Navigator** box to the chart. (if you don't see the navigator go to **View > Navigator** to enable it)
  
-{{ :eas-guide:mt4_navigator.png |}}+{{ :eas-guide:mt4_navigator.png?nolink |}}
  
 For our example we will use one of the most popular indicators - MACD (Moving Average Convergence Divergence). Adding the indicator displays the **Options** window. Since indicators are based on mathematical formulas we can choose the **Inputs** tab and choose values for some of the variables in the mathematical formula of the indicator. Through this, you can change how the indicator is drawn out on the chart. For our example we will use one of the most popular indicators - MACD (Moving Average Convergence Divergence). Adding the indicator displays the **Options** window. Since indicators are based on mathematical formulas we can choose the **Inputs** tab and choose values for some of the variables in the mathematical formula of the indicator. Through this, you can change how the indicator is drawn out on the chart.
  
-{{ :eas-guide:setting_up_indicator_properties.png |}}+{{ :eas-guide:setting_up_indicator_properties.png?nolink |}}
  
  As soon as you drop the indicator on the chart you will see red lines appear on the chart. You will also notice bars appear below the chart. (If the indicator opens a dialog window, just press OK.)  As soon as you drop the indicator on the chart you will see red lines appear on the chart. You will also notice bars appear below the chart. (If the indicator opens a dialog window, just press OK.)
  
-{{ :eas-guide:macd_on_eurusd.png |}}+{{ :eas-guide:macd_on_eurusd.png?nolink |}}
  
 The grey bars here show the MACD line and the red line is called a "signal line". When the market changes this indicator's line changes and the bars also change.  The grey bars here show the MACD line and the red line is called a "signal line". When the market changes this indicator's line changes and the bars also change. 
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 In Expert Advisor Studio you can specify the strategy logic manually as well.  In Expert Advisor Studio you can specify the strategy logic manually as well. 
  
-{{ :eas-guide:strategies-and-expert-advisors-strategy-properties.png |}}+{{ :eas-guide:strategies-and-expert-advisors-strategy-properties.png?nolink |}}
  
 In the image above you can see EA Studio's [[eas-guide:editor|Strategy Editor]]. In the middle column, there are some coloured boxes. The box at the top is the **Strategy Properties**. If you click on it you can set the entry lots for the strategy as well as the protections such as Stop Los and Take Profit (see below). In the image above you can see EA Studio's [[eas-guide:editor|Strategy Editor]]. In the middle column, there are some coloured boxes. The box at the top is the **Strategy Properties**. If you click on it you can set the entry lots for the strategy as well as the protections such as Stop Los and Take Profit (see below).
  
-{{ :eas-guide:strategy_properties_clicked_.png |}}+{{ :eas-guide:strategy_properties_clicked_.png?nolink |}}
  
 The boxes below the **Strategy Properties** box are the **Entry Rules**. Each entry rule is based on an indicator behaviour. For example in our case when **Force Index** changes its direction to downward we will enter a long position. The boxes below the **Strategy Properties** box are the **Entry Rules**. Each entry rule is based on an indicator behaviour. For example in our case when **Force Index** changes its direction to downward we will enter a long position.
  
-{{ :eas-guide:force_index.png |}}+{{ :eas-guide:force_index.png?nolink |}}
  
 If you click on an **Entry Rule** box you can see more data and specify different logical conditions for when to act.  If you click on an **Entry Rule** box you can see more data and specify different logical conditions for when to act. 
  
-{{ :eas-guide:force_index_clicked_.png |}}+{{ :eas-guide:force_index_clicked_.png?nolink |}}