A trading strategy consists of rules for opening positions (Entry Rules) and closing positions (Exit Rules). Each strategy you can be export as an Expert Advisor for MetaTrader 4 or MetaTrader 5.
EA Studio uses strict trading rules and a predefined structure of the strategies in order to provide fast and reliable backtest. The backtest corresponds closely to MetaTrader testing and trading results.
EA Studio uses a set of technical indicators to create trading strategies. Most of the indicators are standard and widely used. There are a few indicators that are specially build for EA Studio so allow building even more diverse strategies.
EA Studio comes with the MQL code for the indicator and will We support MQL (MetaQuotes Language) versions of the indicators for exporting Expert Advisors. The indicators in EA Studio work in the same way and rise the same signals as their equivalent MetaTrader indicators. We always expect to achieve absolutely the same signals in MetaTrader as in EA Studio.
EA Studio includes a complex algorithm for testing a strategy against historical data.
EA Studio loads data files, calculates the strategy indicators, trades the strategy bar by bar, from the beginning to the end of the data, and calculates the trading results in the same way as if the strategy was traded by a trader in MetaTrader. When the backtesting is finished you get the full statistical data from the virtual trading.
When you create a strategy manually with the Editor, you have full control over the indicators, the logical rules and the indicator parameters. On the other hand, when you use the Generator, the program sets all these rules and parameters for you.
Finally, when you export an Expert Advisor to your MetaTrader terminal, it contains the same indicators and same trading rules as the strategy in EA Studio. This guarantees the very near results on the real trading and a backtest with the same data.