Create and Test Forex Strategies
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eas-guide:strategy-properties [2018/02/16 13:36] – yavor | eas-guide:strategy-properties [2020/12/09 15:33] – [Protections] Ilan Vardy | ||
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====== Strategy Properties ====== | ====== Strategy Properties ====== | ||
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In the Strategy Editor there are three columns. The middle column holds the Strategy Properties, the Entry Rules and the Exit Rules. | In the Strategy Editor there are three columns. The middle column holds the Strategy Properties, the Entry Rules and the Exit Rules. | ||
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* **Cancel** - Undo all changes done in the panel and thus resume the previous state of the strategy. | * **Cancel** - Undo all changes done in the panel and thus resume the previous state of the strategy. | ||
- | * **Accept** - Apply all the changes | + | * **Accept** - Apply all of the changes |
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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. | 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 a case the market | + | **Stop Loss** is a protection in the event the market |
- | **Take Profit** is a protection that will close a position on profit after the market has moved in the direction | + | 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. |
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+ | **Take Profit** is a protection that will close a position on profit after the market has moved in the direction | ||
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. | 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. |