Exit Rules - Revision history

NMWikiWeb: /* left|alt=Usertree exitrule|Usertree exitrule Summary */

2021-08-24T14:31:32Z

left|alt=Usertree exitrule|Usertree exitrule Summary

← Older revision		Revision as of 14:31, 24 August 2021
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	The Exit Rules are the Rules dedicated to modify orders during their lifetime. The related market order has to be opened.		The Exit Rules are the Rules dedicated to modify orders during their lifetime. The related market order has to be opened.
	<br>		<br>
	Exit Rules can be assigned to an [[Entry Rules\|Entry Rule]] or can be assigned by the user by [[User Rules#Using User Rules during ~~Backtest~~\|drag&dropping it]] on an opened order during the Backtest.		Exit Rules can be assigned to an [[Entry Rules\|Entry Rule]] or can be assigned by the user by [[User Rules#Using User Rules during Backtesting\|drag&dropping it]] on an opened order during the Backtest.
	<br>		<br>
	Similarly to the [[Setup Rules]], the Exit Rules are divided in two parts :		Similarly to the [[Setup Rules]], the Exit Rules are divided in two parts :

2021-08-24T14:16:11Z

The Exit Condition

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	In order to assign a Default or User Rule to a Exit Condition, you have to drag&drop the related Rule.		In order to assign a Default or User Rule to a Exit Condition, you have to drag&drop the related Rule.
	<br>		<br>
	The Exit condition does not mean that the Order will be automatically exited because the Actions can ~~only~~ modify the current Market Order (or close it).		The Exit condition does not mean that the Order will be automatically exited because the Actions can modify the current Market Order as well (or close it).
	<br>		<br>
	Example of Exit Condition (when the Market Order is reaching more than 1% growth, ie. 1R) :		Example of Exit Condition (when the Market Order is reaching more than 1% growth, ie. 1R) :

2021-08-24T12:59:44Z

The Actions

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	* Close the current order		* Close the current order
	* Close partially the current order		* Close partially the current order
	~~<br>~~
	In order to assign a Rule to an Action, you have to drag&drop the related Rule.		In order to assign a Rule to an Action, you have to drag&drop the related Rule.
	<br>		<br>
	Example of Exit Rule to design the 3 Bars Trailing Exit concept :		Example of Exit Rule to design the 3 Bars Trailing Exit concept (for a SELL order):
	[[File:ExitRuleExample.png\|none\|alt=ExitRuleExample\|ExitRuleExample]]		[[File:ExitRuleExample.png\|none\|alt=ExitRuleExample\|ExitRuleExample]]

2021-08-24T12:59:00Z

The Actions

← Older revision		Revision as of 12:59, 24 August 2021
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	=== The Actions ===		=== The Actions ===
	The Actions are the modification to perform on the opened Market Order. You can use only one kinds of Rules in the Actions : [[Order_modification\|the Default Order Modification Rules]].		The Actions are the modification to perform on the opened Market Order. You can use only one kinds of Rules in the Actions : [[Order_modification\|the Default Order Modification Rules]].
	Then, you can only conduct 3 actions :		<br>Then, you can only conduct 3 actions :
	* Modify the current order		* Modify the current order
	* Close the current order		* Close the current order

2021-08-24T12:58:49Z

The Actions

← Older revision		Revision as of 12:58, 24 August 2021
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	=== The Actions ===		=== The Actions ===
	The Actions are ~~simply~~ the modification to perform on the opened Market Order. You can use only one kinds of Rules in the Actions : [[Order_modification\|the Default Order Modification Rules]].		The Actions are the modification to perform on the opened Market Order. You can use only one kinds of Rules in the Actions : [[Order_modification\|the Default Order Modification Rules]].
	Then, you can only conduct 3 actions :		Then, you can only conduct 3 actions :
	* Modify the current order		* Modify the current order

2021-08-24T12:58:31Z

The Actions

← Older revision		Revision as of 12:58, 24 August 2021
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	=== The Actions ===		=== The Actions ===
			The Actions are simply the modification to perform on the opened Market Order. You can use only one kinds of Rules in the Actions : [[Order_modification\|the Default Order Modification Rules]].
			Then, you can only conduct 3 actions :
			* Modify the current order
			* Close the current order
			* Close partially the current order
			<br>
			In order to assign a Rule to an Action, you have to drag&drop the related Rule.
			<br>
			Example of Exit Rule to design the 3 Bars Trailing Exit concept :
			[[File:ExitRuleExample.png\|none\|alt=ExitRuleExample\|ExitRuleExample]]

2021-08-24T12:54:03Z

The Exit Condition

2021-08-24T12:53:19Z

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 <br>
 The Exit condition does not mean that the Order will be automatically exited because the Actions can only modify the current Market Order (or close it).
+<br>
 === The Actions ===

2021-08-24T12:49:39Z

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	Empty Exit Rule :		Empty Exit Rule :
	[[File:EmptyExitRule.png\|left\|alt=EmptyExitRule\|EmptyExitRule]]		[[File:EmptyExitRule.png\|left\|alt=EmptyExitRule\|EmptyExitRule]]
			<br>
	<br>		<br>
	<br>		<br>
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	=== The Exit Condition ===		=== The Exit Condition ===
			The Exit Condition is composed by at least one Conditional Core Rule. The expression has to return True or False.
			<br>Thus, a Exit Condition can be filled with any type of Rule if the overall expression is a condition :
			* Default Rules, composed by one or more Conditional Core Rules
			* User Rules, returning a condition (ex: 2 Value Core Rules comparison will return True or False)
			<br>
			In order to assign a Default or User Rule to a Exit Condition, you have to drag&drop the related Rule.
			<br>
			The Exit condition does not mean that the Order will be automatically exited because the Actions can only modify the current Market Order (or close it).

	=== The Actions ===		=== The Actions ===

2021-08-24T12:47:51Z

left|alt=Usertree exitrule|Usertree exitrule Summary

← Older revision		Revision as of 12:47, 24 August 2021
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	<br>		<br>
	Similarly to the [[Setup Rules]], the Exit Rules are divided in two parts :		Similarly to the [[Setup Rules]], the Exit Rules are divided in two parts :
	* [[Exit Rules#The Exit Condition\|The ~~Setup~~ Condition]] : the condition defined by the User which will be checked by the Software on every new Bar printed on the Charts.		* [[Exit Rules#The Exit Condition\|The Exit Condition]] : the condition defined by the User which will be checked by the Software on every new Bar printed on the Charts.
	* [[Exit Rules#The Actions\|The Actions]] : the action to perform when the previous condition is filled		* [[Exit Rules#The Actions\|The Actions]] : the action to perform when the previous condition is filled
	<br>		<br>