forex software

Create and Test Forex Strategies

forex software
Forex Software
Products
Expert Advisor Studio Forex Strategy Builder Professional Express Generator CoinRang Trading Courses Historical Forex Data
Purchase Partners Repository Docs & Guides Forum
You are here: Docs & Guides » Expert Advisor Studio - User Guide » Strategy
eas-guide:strategy

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
eas-guide:strategy [2017/10/02 05:51] – Miroslav Popoveas-guide:strategy [2021/01/12 06:47] (current) – Ilan Vardy
Line 1: Line 1:
 ====== Strategy ====== ====== Strategy ======
  
-A trading strategy consists of rules for opening and closing positions and can be exported as an Expert Advisor for MetaTrader.+A trading strategy consists of rules for opening positions (Entry Rules) and closing positions (Exit Rules). Each strategy you generate or create can be exported as an Expert Advisor for MetaTrader 4 and MetaTrader 5.
  
-**EA Studio** uses strict trading rules and a predefined structure of the strategies in order to provide fast and reliable backtest, which corresponds to the test and trade in MetaTrader.+EA Studio uses strict trading rules and a predefined structure of the strategies in order to provide a fast and reliable backtest. The backtest corresponds closely to MetaTrader testing and trading results.
  
-===== Purpose of an Expert Advisor =====+{{youtube>Y_yXE72wm6o?medium }}
  
  
-  * it contains all trading rules for opening and closing positions;+ 
 +===== The Purpose of a Strategy ===== 
 + 
 + 
 +  * it contains all of the trading rules for opening and closing positions;
   * it can be tested against real historical data in EA Studio and in MetaTrader;   * it can be tested against real historical data in EA Studio and in MetaTrader;
-  * it trades in the same way in MetaTrader as it was tested in EA Studio; +  * it trades in the same way in MetaTrader as it does when tested in EA Studio; 
-  * it contains all the necessary indicators and doesn't require additional files;+  * it contains all of the the necessary indicators and does not require any additional files;
  
-===== Technical Indicators =====+{{:eas-guide:forex-strategy-that-works-1.png?nolink&600 |}}
  
 +{{:eas-guide:forex-strategy-that-works-2.png?nolink&600|}}
  
-**EA Studio** uses a set of technical indicators for creating strategies. The most of the indicators are standard and you can find information in Internet for them. Other indicators, that we think work well, are specially build for the program.+===== Technical Indicators =====
  
-We support also 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 the equivalent MetaTrader indicators. We always expect to achieve absolutely the same signals in MT as in this application.+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 to allow building even more diverse strategies. 
 + 
 +EA Studio uses the MQL code for the indicators and will support MQL (MetaQuotes Language) versions of the indicators for exporting Expert Advisors. The indicators in EA Studio work in the same way and use the same signals as their equivalent MetaTrader indicators. We always expect to achieve exactly the same signals in MetaTrader as in EA Studio.
  
 ===== Backtesting a Strategy ===== ===== Backtesting a Strategy =====
  
  
-EA Studio includes a complex algorithm for testing a strategy against historical data. The application loads data files, calculates the strategy indicators, trades the strategy bar by bar, from the beginning to the end of the data series, and calculates the trading results in the same way as if the strategy was traded by a trader. A backtest finishes with full statistical data from the virtual trade.+EA Studio includes a complex algorithm for testing a strategy against historical data. 
 + 
 +==== How it works ==== 
 + 
 +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 complete, you get the full statistical data from the virtual trading. 
 + 
 +{{:eas-guide:forex-strategy-that-works-3-1024x352.png?nolink&600|}}
  
 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. 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.+{{:eas-guide:forex-strategy-that-works-4.png?nolink&600|}} 
 + 
 +{{:eas-guide:forex-strategy-that-works-5.png?nolink&600|}} 
 + 
 +Finally, when you export an Expert Advisor and place it on your chart in your MetaTrader terminal, it contains the same indicators and same trading rules as the strategy in **EA Studio**. This guarantees very similar results on real trading and a backtest with the same data.
  
 ~~DISQUS~~ ~~DISQUS~~
Copyright © 2006 - 2024, Forex Software Ltd.