Create and Test Forex Strategies
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| fsbpro_guide:strategy_properties [2015/03/06 16:59] – [2. Additional Entry Signals] Miroslav Popov | fsbpro_guide:strategy_properties [2016/05/18 06:08] (current) – [3. Position Protection] Miroslav Popov | ||
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| ===== 3. Position Protection ===== | ===== 3. Position Protection ===== | ||
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| Position protections are options that can be switched on and off. When they are enabled, you can set a protection value in **points**. Be careful with that fact because a point has a different value depending on the number of decimal digits in the quotation. | Position protections are options that can be switched on and off. When they are enabled, you can set a protection value in **points**. Be careful with that fact because a point has a different value depending on the number of decimal digits in the quotation. | ||
| - | A point is the minimal value that can be changed by the broker. For example lets have 5 decimal digits quotation for EURUSD and a long position open at Ask = 1.27350. A point has a currency equivalent of $0.00001. If we have spread 20 points and set a Stop Loss of 150 points, an exit order will be placed at 1.27180 (1.27305 - 0.00017 - 0.00150). | + | A point is the minimal value that can be changed by the broker. For example lets have 5 decimal digits quotation for EURUSD and a long position open at Ask = 1.27350. A point has a currency equivalent of $0.00001. If we have spread 20 points and set a Stop Loss of 150 points, an exit order will be placed at 1.27180 (1.27350 - 0.00020 - 0.00150). |
| If our broker provides 4 digit quotation, the position price will be 1.2735 with a spread equal to 2 points and respectively, | If our broker provides 4 digit quotation, the position price will be 1.2735 with a spread equal to 2 points and respectively, | ||