Create an Entry/Exit System Wizard: Basic Information

The Create an Entry/Exit System Wizard allows you to create a new entry/exit system. Entry/exit systems are used generate market entry and exit signals based on sets of rules. Creating a new entry/exit system enables you to evaluate conditions in one or more data fields to enter and exit the market at the best possible time based on the available information. The Basic Information page allows you to enter a name and basic description for the new entry/exit system.

&  For help with entry/exit systems, see Creating and Analyzing Entry/Exit Signals.

Selecting a Name for the Entry/Exit System

Unlike Function Definitions, entry/exit systems only have a display name. This display name is shown in the entry/exit system selection lists. It is also used to generate potential field names for fields using this system. The name selected must be unique to all functions, entry/exit systems, alerts, and trading solutions.

It is a good idea to be as descriptive as possible when naming entry/exit system. Naming a system "Dan’s System" may remind you of where the system came from, but it won’t help you remember what the system does or when you would want to use it. More useful names might be "Double Moving Average System" or "Enter on Upward Trend".

Selecting a System Group for the Entry/Exit System

By default, TradingSolutions will select the system group that was selected on the Define Entry/Exit Systems Dialog. You can select a different system group from the System Group combo box or create a new group by pressing the New… button. Entry/Exit systems can also be moved to new system groups at any time after they are created from the Define Entry/Exit Systems Dialog.

Selecting the Type

The following types are available. In most cases, you will want to leave the default value of TradingSolutions Formula.

·      TradingSolutions Formula

This value indicates the rules associated with this entry/exit system are defined within TradingSolutions using the TradingSolutions formula language.

·      External TradingSolutions DLL

This value indicates the processing for this entry/exit system is defined in an external DLL file.

Ä    Note: Development of External TradingSolutions DLL’s requires the TradingSolutions SDK Add-on.

Entering a Description for the Entry/Exit System

The description for an entry/exit system can be useful as a reminder of what a system does or when you would want to use it. Entry/Exit system descriptions appear at the bottom of entry/exit system lists when the Display Descriptions option is selected. It is not necessary to have a description, just helpful. It is a good idea to limit descriptions to three lines of text. Additional descriptive text can be entered as notes later in the wizard.

Copying an Existing Entry/Exit System

If you are creating a new entry/exit system that is similar to an existing system, you can copy the rule sets, description, and/or notes of another system by pressing the Copy another Entry/Exit System… button. This will display the Copy Entry/Exit System Dialog, where you can select which entry/exit system to copy. You can also select whether to copy the descriptive text, rule sets, or both.

What Do I Do Next?

When you are ready to continue, press the Next button to continue on to the Enter Rules page. If you would like to exit the Wizard without creating a new entry/exit system, press the Cancel button.

How Did I Get Here?

The Create an Entry/Exit System Wizard: Basic Information page is displayed when you press the New… button on the Define Entry/Exit Systems Dialog from under the Entry/Exit Systems list.