Basic currency trading tutorial

The phase can also be used in single-directional grids quantina forex news trader ea review if you expect a strong price movement in your grid direction. As you probably noticed if you read the user manual up to this point, grids are a discretionary tool which settings depend not only in what basic currency trading tutorial the market is doing at the time, but also on your account equity. Even if you came up with the perfect backtesting settings and saved a set file, tutorial basic trading currency it would only be useful to users with approximately your own account balance, because the total exposure of your grid could be dangerous for accounts with a lower account balance. I am well aware that this EA will be losing thousands of users which will download it, run a backtest with default parameters or with a basic currency trading tutorial set file, and discard the EA completely basic currency trading tutorial forever if the equity curve they see basic currency trading tutorial in the tester is not parabolic.

Basic currency trading tutorial Started trading with.

But basic currency trading tutorial if you are willing to go forex ssg profitable trading system and indicator through some speed-bumps, the EA is renko chart ea download testable. To basic currency trading tutorial backtest this EA and get realistic results, you will need to make sure the risk is safe before running the test. To do so, youll need to launch the tester in a visual mode first, basic currency trading tutorial and make sure that the risk allocation displayed on the chart is safe for the tester balance. As you see above, basic currency trading tutorial I am testing using control points mode instead of every tick. The reason for that is that this EA does not basic currency trading tutorial use sub-m1 data to trade, as it is only executed on M15 bar closing in the tester. During live trading, it is executed every minute, when the 1M basic currency trading bar tutorial closes. So, backtesting in control points mode is more then enough for the spacing I am using in the test. Once we are sure that the risk for our grid is safe, we can basic currency trading tutorial launch the test and play around with basic currency trading tutorial different behaviors, profit targets, price limits and anchors. And whats more important, youll be able to see how the EA trades. I highly recommend running the tester in visual mode as much as you can, because youll be able to understand how the EA works -visually-. This will prevent you from losing your nerve during live trading. Trading Direction: It can be long, short or bidirectional. Bidirectional Profit Target: Combined profit target for the bidirectional grid. For each trading direction there is a parameter block titled "BUY GRID" or "SELL GRID". Behavior - Regular: The grid operates normally, adding trades at fixed intervals and closing the oldest one when off range. - basic currency trading tutorial Averaging: Tries to exit the grid at basic currency trading tutorial the average price of all trades. Limit basic currency trading tutorial Price: The price at which you dont want the EA to keep trading (zero = not used) Color of lines of buy grid: This parameter controls the color of the lines drawn on the chart related to the buy grid. Color of basic currency trading tutorial lines of sell grid: This parameter controls the color of the lines drawn on basic currency trading tutorial the chart related to the sell grid. Color of grid levels: Color of the lines indicating the next grid order level basic currency trading tutorial on the chart. Color for text labels: Color of the informative text labels on the chart. Safe risk color: Color of chart information if the risk allocation is safe. Aggressive risk color: Color of the chart information if the risk allocation is aggressive.

Basic currency trading tutorial Likely to increase.

Dangerous risk color: Color of the basic currency trading tutorial chart information if the risk allocation is dangerous. Font size for labels: Size of the informative text labels on the chart. Manual Pip Value: Use it to override the broker pip-value in price (Useful for CFDs) Magic Number: The EA uses the magic number to identify its trades. Custom Comment: Enter your custom comment for trades. Account Trading history Statistics Risks Slippage Description Reviews 1 Whats new. Maximum profit ( MFE ) and maximum loss ( MAE ) values are recorded for each open order during its lifetime.