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eas-guide:trading-rules

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eas-guide:trading-rules [2018/01/29 13:29] – yavoreas-guide:trading-rules [2020/12/09 14:55] – Ilan Vardy
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 {{ :eas-guide:expert-advisor-strategy-structure.png?nolink|Expert Advisors}} {{ :eas-guide:expert-advisor-strategy-structure.png?nolink|Expert Advisors}}
  
-EA Studio Expert Advisors consist of three parts:+EA Studio strategies consist of three parts:
  
-  - **Expert Properties** – the trading amount, Stop Loss, and Take Profit;+  - **Strategy Properties** – the trading amount, Stop Loss, and Take Profit;
   - **Entry Rules** – indicators that determine the conditions for opening a position;   - **Entry Rules** – indicators that determine the conditions for opening a position;
   - **Exit Rules** – indicators that determine the conditions for closing the position.   - **Exit Rules** – indicators that determine the conditions for closing the position.
  
-Every part of the Expert Advisor is responsible for a specific task. In order to make the EAs fast and reliable, we provide a predefined strategy structure. This is probably the major difference between the experts created with EA Studio and the experts written manually in MQL. Here all experts follow a specific design which guarantees that the backtest and the following MetaTrader historical test and trade will be equal. You may think at first that this is a limitation, but that concept has several advantages:+Every part of the strategy is responsible for a specific task.  
 + 
 +In order to make the strategies and exported Experts fast and reliable, we provide a predefined strategy structure. This is the main difference between the experts created with **EA Studio** and the experts written manually in MQL. All EA Studio EAs follow a specific design that guarantees that the backtest and the subsequent MetaTrader historical test and trade will be equal.  
 + 
 +This approach to strategies/EAs has several very important advantages:
  
   * it provides an unlimited number of combinations;   * it provides an unlimited number of combinations;
-  * the backtest is extremely fast and automatic generation of experts is possible;+  * the backtest is extremely fast and the automatic generation of experts is possible;
   * the backtest is extremely reliable;   * the backtest is extremely reliable;
   * live trading signals correspond to the backtest signals (provided that there is no slippage).   * live trading signals correspond to the backtest signals (provided that there is no slippage).
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 EA Studio follows strict trading rules: EA Studio follows strict trading rules:
  
-  - All positions open at the beginning of a bar. We use the term Bar Open to identify that. Bar Open is the first tick of a new bar. +  - All positions open at the beginning of a bar. (We use the term **Bar Open** to identify that. **Bar Open** is the first tick of a new bar.) 
-  - The experts are symmetrical – the long trading rules are exactly opposite to the short entry rules. This principle guarantees that the experts will work on both bullish and bearish markets. +  - The strategies are symmetrical – the long trading rules perfectly mirror the short entry rules, in the opposite direction. This principle guarantees that the strategies will work on both bullish and bearish markets. If a pattern is identified, they will act on it. 
-  - As a side effect of the above principle, you set only long trading rules in the indicator slots. +  - This is why you set only long trading rules in the indicator slots. 
-  - EA Studio opens position when all the conditions in the Entry Rule section are satisfied. +  - The strategy(or exported Expert) will open a position when all the **Entry Rules** are satisfied. 
-  - If there is no Entry Rules, or all available Entry Rules are satisfied in both directions, the program does not open a position. +  - If there are no **Entry Rules** the strategy won't open a position. 
-  - The application closes positions at Bar Open. Exceptions are the Stop Loss and the Take Profit. +  - If all available **Entry Rules** are satisfied in both directions this means there is no "clear" signal to indicate in which direction to trade therefore the strategy will abstain from opening a position.   
-  - If there is no Exit Rules, the program closes every open position at the beginning of the next bar. +  - The strategy will close its positions at Bar Open. Exceptions are the Stop Loss and the Take Profit. 
-  - If there are Exit Rules, the program closes positions when there is at least one Exit Rule Satisfied. The Exit Rules are also symmetrical for long and for short positions.+  - If there are no Exit Rules, the program will close every open position at the beginning of the next bar. 
 +  - If there are Exit Rules, the strategy will close its positions when only one Exit Rule is satisfied. Similar to **Entry Rules** the **Exit Rules** are symmetrical for long and for short positions.
  
 You can find more info and examples in the other sections of this help. You can find more info and examples in the other sections of this help.
  
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