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stopout mode/stopout level

Posted: Sat Oct 19, 2013 9:47 pm
by ninjaturtle
hi,
when i load the mtconfig file for different brokers, the stopout level changes (as would be expected). but my particular broker (armadamarkets) has 0 stop level yet the mtconfig file loads this value as 30. when i then change the value to 0, it drastically changes my backtest results.
can you explain the "stopout mode/stopout level" parameters on tickstory;
how is it different from the parameter "stop lvl";

see picture attached

Re: stopout mode/stopout level

Posted: Tue Oct 22, 2013 9:09 am
by tickstory
Hi Ninjaturtle,

These parameters are best explained in the MT4 manual:

http://docs.mql4.com/account/AccountStopoutMode
http://docs.mql4.com/account/AccountStopoutLevel

Hope this helps.

Re: stopout mode/stopout level

Posted: Thu Oct 31, 2013 1:00 pm
by tcferreira
But what does it mean to "Stop lvl"? It's something that's at the bottom of this table. The links don't talk about it.

Re: stopout mode/stopout level

Posted: Mon Nov 04, 2013 2:01 am
by tickstory
Hi Tcferreira,

This is the value returned with the EA call:

MarketInfo(querySymbol,MODE_STOPLEVEL);

It represents the minimum distance of your stop price when placing an order.

Hope this helps.