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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