Indicator slots

The indicator slots are the main structural units of a strategy.
They are four kinds:

1. Opening point of the position sets the entry point of the position;
2. Opening logic conditions decide whether to open a position when the market price reaches the opening price. To open a position all presented opening logic conditions must be satisfied;
3. Closing point of the position sets the exit point of the position;
4. Closing logic conditions are available only when the closing point is Bar Closing. The position will be closed when at least one of these conditions is satisfied.

The slot Strategy Properties is not an indicator slot because we cannot set an indicator in it, but it also plays significant role in the strategy. It opens the dialog window Strategy Properties where you can set the additional entry signals behavior, the number of the traded lots and the Permanent Stop Loss.

Let us analyze the above shown strategy with the help of the Overview function:

Open a new long position or reverse a short position at the beginning of the bar when all the following logic conditions are satisfied:

• MACD* (Exponential, Close, Simple, 26, 12, 9); the MACD line crosses the zero line upward; and
• the bar opens below the Up Band of Donchian Channel* (10, 0).

Open a new short position or reverse a long position at the beginning of the bar when all the following logic conditions are satisfied:

• MACD* (Exponential, Close, Simple, 26, 12, 9); the MACD line crosses the zero line downward; and
• the bar opens above the Down Band of Donchian Channel* (10, 0).

Close an existing long position at the end of the bar when the following logic condition is satisfied:

• the Bears Power (Exponential, 13) is lower than the Level 0.

Close an existing short position at the end of the bar when the following logic condition is satisfied:

• the Bears Power (Exponential, 13) is higher than the Level 0.

Entry signal in the direction of the present position:

• Averaging is not allowed. Cancel any additional order which is in the same direction.

Entry signal in the opposite direction:

• Close the existing position and open a new one in the opposite direction complying with the entry rules.

Always trade a constant number of lots.

• Opening of a new position - 1 lot.
• Reversing - open 1 lot in the opposite direction.

The Permanent Stop Loss limits the loss of a position to 200 pips per open lot (plus the charged spread and rollover).

* Use the indicator values from the previous bar for all indicators marked with an asterisk!
** The averaging rules concern entry signals only. Exit signals close a position. They are not allowed to open, add or reduce one.