- #Forex expert advisor generator how to
- #Forex expert advisor generator generator
- #Forex expert advisor generator software
And you will see that when you generate Expert Advisors, especially with a huge range. A lot of people are using it, but I do not. When the trade is opened, if the Stop Loss is smaller than the Take Profit, obviously, the chance for the price to hit the Stop Loss first is bigger. But naturally, I don’t use Stop Loss smaller than the Take Profit.Īnd I will tell you why because the old saying in trading where the Stop Loss should be 3 times smaller than the Take Profit for me doesn’t work well with the Expert Advisors.Īnd this is very simple. Or you can have Stop Loss from 10 to 50 and Take Profit from 50 to 100. So I have Stop Loss bigger than the Take Profit. Sometimes I do it from 50 to 100 for the Stop Loss and from 10 to 50 for the Take Profit. That means that the Stop Loss and the Take Profit will be between 10 pips and 100 pips. So in some of the strategies, there will be a fixed Stop Loss.
#Forex expert advisor generator generator
Trailing means trailing Stop Loss, and Fixed or trailing means that the generator will choose one of the 2, which will fit better for the strategy. Now, Fixed means that you will have a fixed value for the Stop Loss. The 3 different types of SL and TP in Expert Advisor Generator. And Do not use, means that there will be no Stop Loss in the strategy. If we select May use, this means that the generator will decide whether to place a Stop Loss or not. If we select Always use in every strategy, we will have a Stop Loss. And for Stop Loss, we have the option to use Always use, May use, Do not use. I will teach you that later on, when I place the Expert Advisors over the Meta Trader platform. And after that, if you decide to trade with a different entry lot, you can change it from the inputs of the Expert Advisors.
Now in strategy properties, we have the entry lot. The EA Generator works over the Historical data that we import which means that you can trade any asset. Keep in mind that it does not matter what asset and on what time frame you would like to trade.
For example, I will use the Expert Advisor generator for strategies on M15 for EURGBP. Then you need to select the symbol that you are planning to trade with, and then you choose the timeframe. Here, we select the data source or the data source from your broker, which you have imported in EA Studio. Now the first thing we have is historical data.
#Forex expert advisor generator how to
In this lecture, I will teach you how to use the Generator, which is, for me, the fantastic tool in EA Studio because it generates strategies over the historical data that we selected to use.
#Forex expert advisor generator software
Expert Advisor Generator is a great software that changed my trading.
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