Difference between revisions of "Setup Rules"

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=== Summary ===
=== [[File:Usertree setuprule.png|left|alt=Usertree setuprule|Usertree setuprule]] Summary ===
The Setup Rules are the Rules dedicated to perform actions when a certain condition is met. These Rules allow the possibility to launch an action (pause the backtest, show a message) and/or to enter the Market automatically by inserting an [[Exit Rules|Exit Rule]].
The Setup Rules are the Rules dedicated to perform actions when a certain condition is met. These Rules allow the possibility to launch an action (pause the backtest, show a message) and/or to enter the Market automatically by inserting an [[Exit Rules|Exit Rule]].
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=== The Setup Condition ===
=== The Setup Condition ===
The Setup Condition is composed by at least one Conditional Core Rule. The expression has to return True or False.
<br>Thus, a Setup Condition can be filled with any type of Rule if the overall expression is a condition :
* Default Rules, composed by one or more Conditional Core Rules
* User Rules, returning a condition (ex: 2 Value Core Rules comparison will return True or False)
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In order to assign a Default or User Rule to a Setup Condition, you have to drag&drop the related Rule.
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Example with a Default Conditional Rule :
[[File:SetupRuleConditionExample1.png|350px|left|alt=SetupRuleConditionExample1|SetupRuleConditionExample1]]
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Example with 2 Default Value Rules, returning a condition :
[[File:SetupRuleConditionExample2.png|350px|left|alt=SetupRuleConditionExample2|SetupRuleConditionExample2]]
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Example with a User defined Conditional Rule :
[[File:SetupRuleConditionExample3.png|350px|left|alt=SetupRuleConditionExample3|SetupRuleConditionExample3]]
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=== The Actions ===
=== The Actions ===
The Actions are simply the actions to perform when the condition is filled. You can use two kinds of Rules in the Actions :
* [[Actions|Default Rule Action]]
* [[Entry Rules|Entry Rule]]
By inserting an [[Entry Rules|Entry Rule]] to a Setup Rule, it's possible to design a complete Trading System. When the Setup Condition will be fulfilled, the Rule will create automatically an Order to enter the Market.
<br>If you want to design a complete automatic Trading System, you'll have to define a Setup Rule for the BUY Setup and another Setup Rule for the SELL Setup.
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In order to assign a Rule to an Action, you have to drag&drop the related Rule.
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Example of assigned [[Entry Rules|Entry Rule]] in the Setup Rule :
[[File:SetupRuleActionEntryExample.png|left|alt=SetupRuleActionEntryExample|SetupRuleActionEntryExample]]
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=== Expansion ===
It's possible to add/delete conditions and actions block by clicking on the corresponding icons :
[[File:SetupRuleExpansion.png|left]]

Latest revision as of 05:34, 24 August 2021

Usertree setuprule
Summary

The Setup Rules are the Rules dedicated to perform actions when a certain condition is met. These Rules allow the possibility to launch an action (pause the backtest, show a message) and/or to enter the Market automatically by inserting an Exit Rule.
The Setup Rules are divided in two parts :

  • The Setup Condition : the condition defined by the User which will be checked by the Software on every new Bar printed on the Charts.
  • The Actions : the action to perform when the previous condition is filled


Empty Setup Rule :

SetupRuleExample





















The Setup Condition

The Setup Condition is composed by at least one Conditional Core Rule. The expression has to return True or False.
Thus, a Setup Condition can be filled with any type of Rule if the overall expression is a condition :

  • Default Rules, composed by one or more Conditional Core Rules
  • User Rules, returning a condition (ex: 2 Value Core Rules comparison will return True or False)


In order to assign a Default or User Rule to a Setup Condition, you have to drag&drop the related Rule.
Example with a Default Conditional Rule :

SetupRuleConditionExample1






















Example with 2 Default Value Rules, returning a condition :

SetupRuleConditionExample2

















Example with a User defined Conditional Rule :

SetupRuleConditionExample3

















The Actions

The Actions are simply the actions to perform when the condition is filled. You can use two kinds of Rules in the Actions :

By inserting an Entry Rule to a Setup Rule, it's possible to design a complete Trading System. When the Setup Condition will be fulfilled, the Rule will create automatically an Order to enter the Market.
If you want to design a complete automatic Trading System, you'll have to define a Setup Rule for the BUY Setup and another Setup Rule for the SELL Setup.
In order to assign a Rule to an Action, you have to drag&drop the related Rule.
Example of assigned Entry Rule in the Setup Rule :

SetupRuleActionEntryExample
















Expansion

It's possible to add/delete conditions and actions block by clicking on the corresponding icons :

SetupRuleExpansion.png