Blox Types
Contents
Blox Modules:
Blox are system blocks that encapsulate trading script ideas. Most of the Blocks are self-contained parts of a trading system designed to be connected with other Blocks as a component part of a trading system method. Some Blox can access data outside of their module, and outside of their system when their scope settings are set for external access.
The basic components of a trading idea are:
•Parameters: - used by indicators to determine their specific computation result, for example: the number of days in a moving average. Not all Blox require parameters when the numerical basis for internal calculations is coded into the scripted code.
•Indicators: - used by the rules as indicators of market conditions, moving averages, RSI, ADX, etc. Many indicators are available within the Indicator section of a Blocks. Those not available in that area can be created by entering the source code required for an indicator calculation result.
•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, what instruments to allow and other ideas. A rule can be as simple as Buy If RSI > 55 etc.
By encapsulating trading ideas into a stand-alone Block module, a package is created that can easily be linked to one or more systems that need the trading idea contained within the Blox. Blocks are trading objects, and while these objects only need to be created once, they can be used many times by other systems to simplify the creation of different system methods.
Trading Blox:
Trading Blox Builder includes the following Blox:
Script Name: |
Description: |
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This block is the script section is positioned to be the best place to create Entry Orders.
Note: This Entry-Type name doesn't appear as an option when a new blox is being created, but any Entry, Exit blox create where the Exit script is removed will be an Entry Block. |
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This script section is only called when a position is active. It is also the best place to create orders to Exit Orders designed to remove an entire position, or remove a some of the quantity in an existing position.
Note: This Exit-Type name doesn't appear as an option when a new blox is being created, but any Entry, Exit blox that exists where the Entry script is removed will be an Exit Block. |
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This block type is an option that can be selected when a new block is being created. It will have both an Entry Orders and an Exit Orders script section. |
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Used to filter the instruments available to the system. |
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Used to set the size of a trade for position sizing. |
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Used for filtering entry trades based on risk thresholds, adjusting stops, and reducing or exiting positions if necessary to reduce overall portfolio risk. |
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Used to create custom indicators, custom function groups, statistics, reporting blox and many other types of process that might be needed in a system. |
Edit Time: 11/1/2020 2:35:27 PM |
Topic ID#: 175 |