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<p id="isPasted">One of the crucial step for better trading is adjusting your algorithm's parameters in response to changing market conditions and your trading objectives.</p><ul><li>Parameters are the variables that define your algorithm's logic and behaviour, encompassing aspects such as entry and exit points, stop-loss and take-profit levels, risk-reward ratios, and position sizes.</li><li>Regularly calibrating and fine-tuning your parameters ensures that your algorithms remain responsive and adaptive to market movements and signals.</li><li>Employ techniques such as backtesting, simulation, and optimisation to make real-time adjustments.</li></ul>