Create and Test Forex Strategies
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| fsbpro_guide:bar_explorer [2014/11/05 13:16] – [2. Journal by Bars] yavor | fsbpro_guide:bar_explorer [2014/11/05 13:16] – [4. Orders Journal] yavor | ||
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| The first column’s icons show the order type (buy or sell). The number near it shows the relevant waypoint from the bar interpolation chart. | The first column’s icons show the order type (buy or sell). The number near it shows the relevant waypoint from the bar interpolation chart. | ||
| - | **Order** – The number of the order. | + | **Order** – number of the order. |
| - | **Direction** – the direction of the position, which the strategy opened (buy or sell) | + | **Direction** – direction of the position, which the strategy opened (buy or sell) |
| - | **Order type** – those can be “market”, | + | **Order type** – those can be “market”, |
| The strategy sends a “stop” order to the broker, with a predefined value of the price, to prevent possible losses. Later, if the price reaches the predefined value, the broker will execute the order. The strategy can also cancel “stop” orders if it no longer needs them. | The strategy sends a “stop” order to the broker, with a predefined value of the price, to prevent possible losses. Later, if the price reaches the predefined value, the broker will execute the order. The strategy can also cancel “stop” orders if it no longer needs them. | ||
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| “Limit” orders are orders at a more profitable price. For example if the current price is 1.25 and the strategy has opened a long position at this price, and you have a “stop” order at 1.27, this is actually referred to as a “limit order”, since the position at which the position will close is profitable. | “Limit” orders are orders at a more profitable price. For example if the current price is 1.25 and the strategy has opened a long position at this price, and you have a “stop” order at 1.27, this is actually referred to as a “limit order”, since the position at which the position will close is profitable. | ||
| - | **Amount** – the quantity of the base currency that the strategy bought or sold. | + | **Amount** – quantity of the base currency that the strategy bought or sold. |
| - | **Order Price** – the order price (might also include the spread) | + | **Order Price** – order price (might also include the spread) |
| **Price 2** – Holds the second price for some special orders that have two prices. For example stop-limit (one cancels the other, OCO) orders. | **Price 2** – Holds the second price for some special orders that have two prices. For example stop-limit (one cancels the other, OCO) orders. | ||