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Forex Software → Forex Strategy Builder Professional → Additional entry signals

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Posts: 4

Topic: Additional entry signals

Hello!

Who have experience in using additional entry signals?

1)    In Editor:
What is the difference between “Close and Reverse” in “Next opposite direction signal” menu?
As far as I understand after closing the position FSB should open the opposite position in any case due to symmetrical principle of strategy construction.

2)    In Generator there is a possibility to choose “Generate Additional Entry Signals: Same direction signal” and “Generate Additional Entry Signal: Opposite direction signal”.
This options should be chosen if we use “Additional Entry Signals” block in strategy Editor menu?

Are there some guidance for using additional entry signals and closing/adding/reducing/reversing the position?

Re: Additional entry signals

> 1) What is the difference between “Close and Reverse” in “Next opposite direction signal” menu?

“Close and Reverse” is an indicator for the "Closing point of the position" slot. It defacto makes the strategy working with entry rules only. On the other hand "Next opposite direction signal" provides the same behaviour for the entry signals, but you may also use various exit rules.

Please think for it as follows:
When "Next opposite direction signal" is "Nothing", the strategy opens according to the entry rules and closes according to teh exit rules.
When "Next opposite direction signal" is active, the strategy acts as above, plus it may close, reduce or reverse position as per the entry rules during an open position.

Here is the full explanation: Strategy Properties

> 2)    In the Generator there is a possibility to choose “Generate Additional Entry Signals

when the option is on, the Generator may change the behaviours selected in the Editor. when the option is switched off, the Generator doesn't change what you have chosen in the Editor.

Here is the Generator help: Strategy Generator

3 (edited by Finmod123 2019-06-16 19:58:39)

Re: Additional entry signals

Thanks for the detailed answer!

Can you also explain this:

If I select "Close" in "Next opposite direction signal" menu, will FSB open reverse position according to the entry rules of strategy? (the entry rules of any strategy in FSB are symmetrical by default).
And if FSB will open reverse position in this case, what is the difference between the choice of "Close" and "Reverse" in "Next opposite direction signal" menu?

Re: Additional entry signals

"Close" will close the current position. "Reverse" will reverse the position.

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