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fsbpro_guide:strategy_properties

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fsbpro_guide:strategy_properties [2015/03/09 14:43]
Miroslav Popov [3. Position Protection]
fsbpro_guide:strategy_properties [2016/05/18 06:08] (current)
Miroslav Popov [3. Position Protection]
Line 82: Line 82:
 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,​ we have to set our Stop Loss numeric box to 15 points. Doing so, the position will be protected with an exit order at the same price 1.2718 (1.2735 - 2 - 15). If our broker provides 4 digit quotation, the position price will be 1.2735 with a spread equal to 2 points and respectively,​ we have to set our Stop Loss numeric box to 15 points. Doing so, the position will be protected with an exit order at the same price 1.2718 (1.2735 - 2 - 15).