forex software

Create and Test Forex Strategies

forex software

eas-guide:strategy-properties

Table of Contents

Strategy Properties

In the Strategy Editor there are three columns. The middle column holds the Strategy Properties, the Entry Rules and the Exit Rules.


Strategy Properties is the box at the top. The Strategy Properties box shows the trading amount, the Stop Loss, and the Take Profit.

If you click on the Strategy Properties box a panel will appear on the left. When this panel is open you won't be able to edit the other parts of the strategy. To edit other parts of the strategy first close the panel.

To close the panel there are two buttons at the bottom of it:

  • Cancel - Undo all changes done in the panel and thus resume the previous state of the strategy.
  • Accept - Apply all of the changes made to the strategy. If you use this button EA Studio will recalculate the strategy backtest, stats and charts automatically to show you the results.

Entry lots

You set the trading amount in lots. The real currency amount depends on the number you set and the lot size of the symbol. For example, if the lot size of your broker for that symbol is 100 000 and you use Entry lots = 0.1, EA Studio will open position of 10 000.

Protections

In EA Studio you can set protections by using Stop Loss and Take Profit. The protections can be switched on and off. When a protection is enabled EA Studio will use the values you set. EA Studio will set the same values in the exported Expert Advisors.

Stop Loss is a protection in the event the market moves against our position. It is always placed below a long position or above a short position. You can set the Stop Loss to Fixed or Trailing.

Without a Stop Loss, you have no control over the losses. No matter what trading strategy you have decided to use, money management is key to your trading success. It will help you stay in the markets for a longer time.

Take Profit is a protection that will close a position on profit after the market has moved in the direction that opened the position in. Take Profit is based on a predefined number of pips.

Remember that you set the protection values in pips. Be careful with that because a pip has a different value depending on the number of decimal digits in the quotation of your broker.