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Friday
Mar152013

 

WizTools contains a list of the valid rules that the user has created in Step 1 - Rule Builder which are available as entry and/or exit criteria. 
NOTE: The WizTools contents in Strategy Builder differ from the WizTools contents in Rule Builder. 
 
The Workspace contains three tabs: Entry Rule , Exit Rule and Add to Position.
 
 
o In the Entry Rule tab, the user must drag a desired rule or rules from the WizTools that will be the entry criteria used for the 
automated system to abide by. More than one rule can be selected as the entry rule and logically combined using logical "AND" or "OR" statements.
 
o In the Exit Rule tab, the user drags a desired rule or rules from the WizTools that will be the exit criteria used for the automated system to abide by. More than one rule can be selected as the exit rule and logically combined using logical "AND" or "OR" statements. An exit rule is not necessary to complete a valid strategy. The user has the option to use a rule as exit criteria if he or she chooses not to add one or more order types as the exit management criteria using Trade Orders.
 
o The Add to Position tab allows the user to add an additional rule or rules to a strategy to BUY/SELL additional shares of the already opened position that was triggered by the entry rule.

Trade Orders offers many features that provide the user with absolute control of exit management. Each feature is described below.