Entries
In this page, you will learn about how Entries work in the StratBuilder.
How Do Entries Work in the StratBuilder?
On most of the conditions in the StratBuilder, there is a checkbox on the side labeled ‘Entry’.
If a condition has the ‘Entry’ checkbox checked, then that condition must be met for entry. If there are multiple ‘Entry’ conditions in a strategy, then every condition must be met upon bar closure for the StratBuilder to enter into a trade.
Note: The StratBuilder will only enter trades upon bar closure. So when every entry condition is met upon bar closure, the strategy will enter the trade.
There are also other options for entry conditions other than the ‘Entry’ checkbox next to the condition, like the entries based on divergences, and the entries based on support/resistance. These behave the same as the ‘Entry’ checkboxes, in that they are just another condition that must be met in order to enter a strategy.
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How To Visually See Entry Price and Time
When the StratBuilder enters into a trade, it highlights the bar where the entry conditions were met upon closure. If it enters into a long, it highlights the bar green. If it enters a short, it highlights the bar purple.
The highlighting of bars can be toggled on/off with the “Plot Highlighted Bars on Entry and Exit” option at the bottom of the settings, or in the “Style” tab in the settings. The colors and opacity of the highlighted bars can also be customized in the “Style” settings.
When the StratBuilder enters into a trade, it also plots 3 horizontal lines (in most cases) with numbers above them on the chart. A white line and number to show entry price, a green line and number to show ‘take profit’ price, and a red line and number to show ‘stop loss’ price. These lines can be toggled on/off with the “Plot Lines for Entry, TP, and SL” option at the bottom of the settings.
Note: If a strategy does not have a ‘take profit’ and/or ‘stop loss’ price activated, then it will not plot the lines for ‘take profit’ and/or ‘stop loss’, respectively.
Exits