What are Expert Advisors?

Expert Advisors are automated trading systems designed to execute trades based on predefined rules. They are built with a flexible template that allows for custom strategies. Learn more at our website .

What is the purpose of the Shift parameter?

The Shift parameter determines which bar is used for signal analysis. A value of 0 opens a deal immediately, while 1 processes the signal on the closed bar. Details are available at our website .

How does the ReverseSignal function work?

The ReverseSignal function inverts the signals received from your indicator. For instance, a BUY signal becomes a SELL order and vice versa, without reprogramming the EA. More info at our website .

What is the Magic Number parameter used for?

The Magic Number uniquely identifies each Expert Advisor’s trades, ensuring that multiple advisors can operate on the same chart without conflicts. Visit our website for more details.

How is the Stop Loss parameter defined?

The Stop Loss parameter sets the number of loss points at which a deal will be closed automatically, ensuring risk management. It must be set above the minimum allowed value by your broker. Learn more at our website .

How is the Take Profit parameter defined?

The Take Profit parameter defines the profit points at which a deal is automatically closed. It helps secure gains and should meet the broker's minimum requirements. More information can be found at our website .

What is Slippage and why is it important?

Slippage is the allowed deviation in price during order execution, preventing requotes in fast markets. Setting an appropriate Slippage value helps maintain order integrity. Visit our website for details.

How does the EA manage opposite positions with ClosePosIfChange?

When enabled, ClosePosIfChange allows the EA to close an existing opposite position before opening a new one, ensuring clean trade management. This avoids conflicting trades. More info at our website .

What does the OnlyOnePosBySignal parameter do?

The OnlyOnePosBySignal parameter limits the EA to opening a single position per signal on each bar, preventing multiple entries from the same trigger. Learn more at our website .

How do Fixed Lot and Dynamic Lot parameters differ?

A Fixed Lot sets a constant lot size for every trade, while Dynamic Lot adjusts lot sizes based on available free margin. Both methods optimize risk management. Visit our website for further insights.

What is Martingale and how is it applied?

The Martingale parameter increases lot size after an unprofitable trade using a specified multiplier, aiming to recover losses. This strategy must be used cautiously. More details at our website .

How can I set specific working hours for the EA?

The EA’s working hours can be defined with parameters like OpenHour , OpenMinute , CloseHour , and CloseMinute to restrict trading to desired timeframes. Check out our website for configuration tips.

What is the function of the Trailing Stop?

The Trailing Stop function moves the Stop Loss into a profitable zone as the trade moves favorably, protecting gains. Parameters like TrailingStep determine the adjustment increments. More info at our website .

How can the EA close deals based on total profit or loss?

The EA can be configured to close trades when a specific profit or loss threshold is met using parameters like CloseProfit and CloseLoss . This aids in overall risk management. Learn more at our website .

How does the EA move Stop Loss to break even?

With the MovingInWLUSE parameter enabled, the EA adjusts the Stop Loss to break even once a specified profit level is reached, protecting your capital. The LevelProfit and LevelWLoss settings control this behavior. Details at our website .

What are the advantages of using ready-made Expert Advisors?

Ready-made Expert Advisors provide a fast and reliable solution with customizable parameters and proven strategies, saving time and development costs. They are pre-tested for performance. Explore more at our website .

How do I choose the correct signal bar for my indicator?

Selecting the right signal bar (via the Shift parameter) depends on your indicator’s behavior. Use shift=1 for closed bar signals and shift=0 for immediate responses. Further guidance is available at our website .

Can the EA adjust parameters automatically for broker restrictions?

Yes, the EA can auto-adjust parameters like Stop Loss and Take Profit to meet broker minimum requirements, reducing errors such as error 130. Visit our website for more information.

What benefits does the EAPadPRO panel offer?

The EAPadPRO panel provides an intuitive interface to manage all your Expert Advisors and monitor trading activities, enhancing overall control and efficiency. Learn more at our website .

How can I test an Expert Advisor before purchase?

Each product from our platform can be tested prior to purchase, ensuring that you are comfortable with the EA’s functionality and performance. Testing enables you to see how the Expert Advisor meets your trading style. More details at our website .

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Expforex Vladislav

August 4, 2010

Functional features and parameters of experts from expforex.com

Description On www.expforex.com, we offer advanced Expert Advisors equipped with a multitude of functional features and customizable parameters. Each Expert Advisor is built using a flexible template, allowing traders to tailor them to their unique trading strategies. The primary functions […]

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