SEO Contest 2008

by caseywest

Metatrader Overview. Stop Loss

Standard Stop Loss

Stop Loss have to be divided into two types, same as Take Profit. The first type is automatic, the second is manual. The main function of Stop Loss is to minimize losses when the price rushes in direction that is opposite to the desirable.

Let’s first look at the automatic Stop Loss. It is activated as follows: an order is opened and value of Stop Loss is being set as an absolute value lower than opening price. In case if the Stop Loss level is reached, the order is closed automatically.

Let us look at an example.

Ask price=1.4040, Bid=1.4038. We open a BUY order. Opening price is 1.4040. Let’s set Stop Loss=1.4020. Price ticks down and passes the level Bid=1.4020. The order is closed automatically. The loss is 20 pips.

The similar situation for SELL order

Ask price=1.4040, Bid=1.4038. We open a BUY order. Opening price is 1.4038. Let’s set Stop Loss=1.4063. Price goes upward and passes the level Ask=1.4063. The order is closed automatically. The loss is 20 pips.

One of the features of Stop Loss is that it cannot be set too close to the order opening price. Minimal distance can be different and is being set according to configurations of the broker server. Value is counted from the opening price. I.e. from the Ask price for BUY orders and from the Bid price for SELL orders.
During the time when the order is open, we are able to change the Stop Loss value. Herein, rules for distance of a new Stop Loss value are exactly the same as during the order opening. The only difference will be that current price value has to be used but not the order opening price.

For convenience, the traders use relative values of Stop Loss in the pips, e.g., for the value of SL=25 at current price of Bid=1.4038 and Ask=1.4040, absolute value of Stop Loss for BUY order will be 1.4015, and for SELL order under the same conditions it will be 1.4063. I.e., Ask price is taken as a basis for the BUY order and Bid price is taken for the SELL order. In this manner, when closing an order on Stop Loss event we will receive precisely 25 pips of loss.

Manual Stop Loss.

Manual method of order closing differs from the automatic one in the way that in case of reaching Stop Loss level, the order is not closed automatically, and it has to be closed manually. Such method is not very effective because additional efforts are required, but there are cases when it is reasonable to use particularly manual closing. E.g., when we need to use a function of partial closure of an order under different levels of loss for one and the same order.

Let’s take a look at an example. We open an order with 3 lots volume. And we will close one lot at a different level of loss. SL1=10, SL2=20, SL3=30. When reaching SL1 and SL2, parts of the order will be closed manually and closing of the part at the SL3 level will be done automatically.

In this manner, with the Bid price =1.4038, Ask=1.4040, the parameters:

For BUY order will be as follows: open price=1.4040, manual Stop Loss SL1=1.4030, manual Stop Loss=SL2=1.4020, standard Stop Loss=SL3=1.4010.

For SELL: open price=1.4008, manual Stop Loss SL1=1.4018, manual Stop Loss=SL2=1.4028, standard Stop Loss=SL3=1.4038.

Manual method of order closing as per the Stop Loss level has one disadvantage minimum. If a technical deficiency suddenly occurs on the trader side, then it would be impossible to close the order timely at least. In automatic method, order will close in any case regardless of technical state of the metatrader terminal. Thus, trader is responsible for manual order closing, and broker is responsible for the automatic closing. These peculiarities have to be obligatory taken into account when choosing parameters for the order being opened.

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by innoxiuss

Garage Doors-an Overview of Styles, Types, Options, and How to Choose a New Garage Door

There are an abundance of options as far as building materials and designs available in new garage doors, wood and steel being the most commonly installed. Each type of garage door will have options available for the exterior style/color, decorative windows, hardware, insulation, etc. Every garage door manufacturer will tell you theirs is best, and give you tons of reasons why you should agree. Just like any other product or service. That being said, you should keep in mind that the new garage door you are thinking of purchasing is going to be around for a long time. Garage doors usually last anywhere from 10-20 years, depending on usage and maintenance, and can possibly last longer.

Steel garage doors are the most commonly installed types. Their lower costs, maintenance, and a variety of available designs make them the obvious choice for most homeowners. No painting is required, although the doors can be painted, and most manufacturers offer different finish warranties on their garage doors. Styles include, but are not limited to, raised panel designs, flush panels, and various carriage house designs. Most have insulation options, as well. Considering the fact that most garages share an interior wall with the home, insulation inside your garage door can help conserve on heating and cooling costs.

While their not as common as they once were, wooden garage doors are still readily available in most places. They are available in the same standard styles as steel doors, and can be built to suit. Their costs are generally slightly higher than steel doors, and they will need to be painted or stained to prevent water damage. There are still benefits to having a wooden garage door. A standard model wood door can provide a better R-value than a basic non-insulated steel door. Wooden garage doors can also take a little bit more punishment than the steel types-something to consider if you have kids that play near the doors, or work in or around the garage yourself. Wood doors also have insulation options available. The versatility of wooden garage doors is probably their best point. Homeowners wanting custom garage doors for their home typically go with wooden garage doors.

Vinyl garage doors are beginning to make a larger impression on the market. These doors won’t rust, and are more resistant to dings and scratches than the steel doors. Prepare to pay substantially more for these types of garage doors. Many dealers don’t carry any in stock, so a lead time of 2-4 weeks can be expected. They usually look like a steel door as far as exterior styles are concerned. Vinyl garage doors also have similar insulation options as steel garage doors.

Composite garage doors are becoming more mainstream as consumer demand for environmentally-friendly products grows. These garage doors are typically made from recycled wood. They are insulated in most cases. Again, opting for insulation on a garage door can provide a higher R-value. Composite doors can be painted, or even stained.

Our website has links to many of the large garage door manufacturer sites. Some of these sites will have a “door designer” available where you can view different color and style options for their doors. You can usually find other information on warranties or other garage door specs. When you have your new garage door installed be sure to remember to keep the invoice/receipt in a safe place, and make sure you complete any required registrations in order to have a valid warranty.