Create and Test Forex Strategies
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eas-guide:strategy-properties [2018/02/16 13:38] – yavor | eas-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 | + | * **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 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 | ||
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. |