What Are Blox?

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Blox

Blox encapsulate trading ideas. Blox are self-contained parts of a trading system that are designed to be connected with other Blox as part of a System.

 

The basic components of a trading idea are:

 

•Parameters - used by the indicators to determine their specific computation, for example: the number of days in a moving average
•Indicators - used by the rules as indicators of market conditions, moving averages, RSI, ADX, etc.
•Rules - used to determine when to enter or exit; how much to buy or sell, or how much risk is too much, buy on moving average crossover, buy if RSI > 55 etc.

 

A Trading Block encapsulates these trading idea components into a package which can be easily connected to other Blox.

 

The simplest system can be made of Blox that do three things:

 

1) Enter Orders that define the System Entries

 

2) Enter Orders for open positions that define the System Exits

 

and

 

3) Define the Position Size for Each Entry Order

 

Trading Blox Builder will let you define this behavior using one block that performs all three functions, or three separate Blox that each take care of one of the functions. You don't need to worry about that for now. Just remember that Blox are like Lego, they were designed to be connected to other Blox.