Trading strategy parameters are key elements that traders define to guide their trading decisions. These parameters include variables and settings that determine when and how to enter or exit trades. They typically encompass indicators, risk management rules, and entry/exit criteria. Examples of trading strategy parameters include the use of moving averages, specific price levels for trade entry or exit, stop-loss and take-profit levels, and the duration of trades. Trading strategy parameters are important as they provide a clear framework for executing trades, helping traders to maintain consistency and make informed decisions based on their predetermined rules and guidelines.