2-Side vs 1-Side
In this page, you will learn how longs and shorts can work together or be separate in the StratBuilder and its different versions.
The StratBuilder comes in two versions:
StratBuilder (2-Side)
StratBuilder (1-Side)
Note: If you are just looking to build a strategy for only longs or only shorts, it is recommended to use ‘StratBuilder (1-Side), because it is optimized to only be used for 1 direction and will be faster and more user-friendly than ‘StratBuilder (2-Side)’.
StratBuilder (2-Side)
The StratBuilder (2-Side) allows for both longs and shorts in a single strategy, but only 1 trade can be open at any time. This means that, for example, if a long was open and then an entry signal confirmed for a short entry, the short entry would be ignored since only 1 trade can be open at a time. This allows for practicality, little confusion, and smooth automation if the user decides to automate the strategy.
At the top of the indicator, there are checkboxes for “Longs” and “Shorts”.
If both are checked, then the indicator will look for longs and shorts with only 1 trade open at a time. So a long and short trade can never be open at the same time.
If only “Longs” is checked, then it will only look for longs with only 1 trade open at a time.
If only “Shorts” is checked, then it will only look for shorts with only 1 trade open at a time.
StratBuilder (1-Side)
The StratBuilder (1-Side) allows for only 1 direction (either long or short), and only 1 trade can be open at any time. If you are just looking to build a strategy for only one direction, then it is recommended to use this indicator instead of ‘StratBuilder (2-Side)’ because this is better optimized for one direction.
This would operate exactly the same as ‘StratBuilder (2-Side)’ if you only had one position side setting checked on, but this indicator would be slightly faster and more user-friendly.
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