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Community Forums › Forums › EA Studio › How to set up the correct SL and TP in the strategy properties › Reply To: How to set up the correct SL and TP in the strategy properties

Petko Aleksandrov Algo Trading Space team

Hey Mario,

Glad to hear from you. You can leave the SL and TP in the Reactor between 1 to 100 pips. This way, you will give the program the freedom to calculate all possible variations.

Now, the date you are using is too much, in my opinion. Because if you have 1-2 trades on average per month, it might happen that you won’t have a single trade some months.

I do not say that it isn’t good, but this does not guarantee that such a strategy is more profitable than the one trading more frequently.

Plus, it might happen that you will have 5-6 consecutive losing trades so that you would be on a loss for a few months with that strategy.

Also, we focus more on the recent historical data (last six months or so) because the EAs will be trading on the current market conditions.

And having good and big data is good, but you do not need to generate the EAs over it. You can generate the EAs for the last two years and check if the EA you like worked well a few years back.

 

 

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