stopout mode/stopout level

[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

[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.

[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.

[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.