Strategies

Strategies control risk management and trading rules for your Expert Advisor.

Stop Loss Strategies

Stop loss strategies protect your account from excessive losses by automatically closing losing positions.

Fixed Stop Loss

Sets a fixed distance (in pips) from entry price. Simple and predictable.

  • Distance (pips): How far from entry to place stop loss

Trailing Stop Loss

Follows the price as it moves in your favor, locking in profits while limiting losses.

  • Trailing Distance: Distance from current price
  • Trailing Step: Minimum price movement to update stop
  • Activation Threshold: Profit required before trailing starts

Catching Up Trail Stop Loss

Advanced trailing that accelerates as profit increases, protecting gains more aggressively.

Take Profit Strategies

Take profit strategies automatically close positions when profit targets are reached.

Fixed Take Profit

Closes position at a fixed profit level (in pips).

Trailing Take Profit

Moves take profit level as price moves favorably, maximizing profit potential.

Catching Up Trail Take Profit

Accelerating take profit that adjusts based on accumulated profit.

Prevent Opening Strategies

These strategies prevent new positions from opening under certain conditions.

Trading Session

Restricts trading to specific time windows.

  • Start Time: When trading is allowed to begin
  • End Time: When trading must stop
  • Allow Trading: Enable or disable during session

Gap After Loss

Prevents immediate re-entry after a losing trade. Helps avoid revenge trading.

  • Gap Minutes: Waiting period after a loss
  • Minimum Loss Pips: Only trigger if loss exceeds threshold

Maximum Lifespan

Automatically closes positions that remain open too long.

  • Duration: Maximum time a position can stay open
  • Type: Minutes, hours, or days
  • Force Close: Close position even at a loss

Maximum Daily Loss

Stops trading for the day if daily loss limit is reached. Essential risk management.

  • Max Loss Pips: Daily loss threshold
  • Reset at Midnight: Start fresh each day

Maximum Open Positions

Limits the number of simultaneous open positions.

  • Max Positions: Total positions allowed
  • Count Separately: Track buy and sell positions independently

Day of Week

Allows or prevents trading on specific days of the week.

News Filter

Prevents trading around major news events to avoid volatility.

  • Minutes Before: Stop trading before news
  • Minutes After: Resume trading after news
  • Minimum Impact: Only filter high-impact news

Combining Strategies

You can combine multiple Prevent Opening strategies. For example:

  • Trading Session (only trade during London/New York session)
  • Maximum Daily Loss (stop if down 100 pips)
  • Maximum Open Positions (max 3 positions)
  • Day of Week (no trading on Fridays)
Risk Warning: Always use stop loss strategies. Never trade without proper risk management in place.

Best Practices

  • Always use a stop loss (fixed or trailing)
  • Set maximum daily loss limits
  • Limit the number of open positions
  • Avoid trading during high-impact news unless your strategy accounts for it
  • Use gap after loss to prevent emotional trading