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Create and Test Forex Strategies

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eas-guide:strategy-properties

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eas-guide:strategy-properties [2018/02/16 13:37] yavoreas-guide:strategy-properties [2020/12/09 15:12] Ilan Vardy
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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 done to the strategy. If you use this button EA Studio will recalculate the strategy backtest, stats and charts automatically to show you the results.+  * **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.
  
  
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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 goes against our position. It is placed always below a long position or above a short position.+**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.
  
-**Take Profit** is a protection that will close a position on profit after the market has moved in the direction we have opened the position. Take Profit is based on a predefined number of points.+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 longer in the markets. 
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 +**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 points.
  
 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.