Expert Adviser Glossary
Draw Down
The magnitude of a decline in account value, either in percentage or dollar terms, as measured from peak to subsequent trough. If your account increased in value from $10,000 to $30,000, then dropped to $20,000, then increased again to $40,000, the drawdown is $10,000 (incurred when the account declined from $30,000 to $20,000) even though that trader’s account was never in a loss position from inception.
Equity
The secure part of the client account, considering the open positions, bound with the balance and floating rate (profit/loss) by the following formula: Balance + Floating rate + Swap, i.e. the funds on the client account less the current amount for the open positions, plus the current earnings for the open positions.
Expert Adviser
A a software coded in MQL4; it is distinguished by the properties of special function start() called by the client terminal to be executed on every tick; the main purpose of Expert Advisers is programmed control over trades, and help you trade automaticly or help you to trade manualy.
MQL4
The Meta Quotes Language (MQL4) is a programming language for the development of a trading strategy. Programming in the MQL4 language allows the Programmer to create their own Expert Adviser, or EA, for the purpose of automated trading. The MQL4 language is perfectly suitable for implementing almost any trading strategy.
Win Ratio
The succesfull trades ratio * 100:
(NumberOfPofitableTrades/TotalTrades)*100.
