Create and Test Forex Strategies
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| fsbpro_guide:opening_logic_condition [2014/10/28 21:13] – [Summary] Miroslav Popov | fsbpro_guide:opening_logic_condition [2015/03/11 07:25] (current) – [Introduction] Miroslav Popov | ||
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| - | **Opening Logic Conditions** (**Opening Conditions**) can be found in the slots below the **Opening Point of the Position** slot and above the **Closing Point of the Position** slot. By clicking on the //Add an Opening Logic Condition// button you can add technical indicators to your trading strategy for fine-tuning the logic of the trading algorithm. By default you can't set more than four Opening Logic Conditions. The logic is checked separately for long and short positions and can either be // | + | **Opening Logic Conditions** (**Opening Conditions**) can be found in the slots below the **Opening Point of the Position** slot and above the **Closing Point of the Position** slot. By clicking on the //Add an Opening Logic Condition// button you can add technical indicators to your trading strategy for fine-tuning the logic of the trading algorithm. By default you can't set more than eight Opening Logic Conditions. The logic is checked separately for long and short positions and can either be // |
| The purpose of the Opening Conditions is to allow a market entry and provide a trading direction. An order is allowed only if all open logic conditions in the strategy are met. | The purpose of the Opening Conditions is to allow a market entry and provide a trading direction. An order is allowed only if all open logic conditions in the strategy are met. | ||
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| If the strategy does not include Opening Conditions, or if they are fulfilled for both directions of trade at the same time, the direction for opening a position cannot be determined and no order will be executed. | If the strategy does not include Opening Conditions, or if they are fulfilled for both directions of trade at the same time, the direction for opening a position cannot be determined and no order will be executed. | ||
| - | It is important to know that the **Opening Conditions determine the algorithm for long entry only** and the software calculates the short entry rules using the same indicators but in reverse. You can still use strategies trading in only one direction but you will need to use the Long or Short indicator. | + | It is important to know that the **Opening Conditions, you set, determine the long entry rules** and the software calculates the short entry rules using the same indicators but in reverse. You can still use strategies trading in only one direction but you will need to use the Long or Short indicator. |
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| ===== Examples ===== | ===== Examples ===== | ||