Create an Entry/Exit System Wizard: Enter Rules
Modify Entry/Exit System Dialog: Entry/Exit Rules
This dialog appears in several forms. The Create an Entry/Exit System Wizard allows you to create a new entry/exit system. The Modify Entry/Exit System Dialog allows you to define an entry/exit system. The Entry/Exit Rules page allows you to enter or change the entry and exit rules associated with an entry/exit system.
& For help with entry/exit systems, see Creating and Analyzing Entry/Exit Signals.
Ä Note: If this page appears empty or does not appear at all, some of the Windows system files on your computer may be corrupted or missing. Specifically, the RICHED20.DLL or the RICHED32.DLL file may be missing from your system. If you encounter this problem and need help resolving it, please contact NeuroDimension technical support.
Specifying Entry/Exit Rules for an Entry/Exit System
To modify the rules for when to enter and exit the market, select a sub-page and define rules for when to generate the associated signal. The following sub-pages are available.
0 Enter Long
This sub-page specifies when to enter a long position. This is equivalent to buying a stock or commodity and optimally should come before a rise in price.
0 Exit Long
This sub-page specifies when to exit a long position. This is equivalent to selling a stock or commodity bought when the long position was entered and optimally should come at the end of a rise in price.
0 Enter Short
This sub-page specifies when to enter a short position. This is equivalent to borrowing a stock or commodity at a current price and selling it with the intent of replacing it when the price decreases. It should optimally come before a drop in price.
0 Exit Short
This sub-page specifies when to exit a short position. This is equivalent to replacing the stock or commodity borrowed when the short position was entered and optimally should come at the end of a drop in price.
Ä Note: The rule sets are checked in the order: Enter Long, Enter Short, Exit Long, Exit Short.
Specifying How Entry/Exit Rules Should Be Combined
Each signal can be generated based on a list of one or more rules. The rules are formulas which return non-zero values when a condition is true and zero when a condition is not true. To specify how these rules should be combined, use the Generate this signal combo box, which has the following values.
· Never.
This value indicates that this signal should never be generated, even if rules are specified.
· When all of these rules are true.
This value indicates that this signal should be generated only when all of the rules in the list return a non-zero value.
· When any of these rules are true.
This value indicates that this signal should be generated when one or more of the rules in the list return a non-zero value.
· When any of these rules are not true.
This value indicates that this signal should be generated when one or more of the rules in the list return zero.
· When none of these rules are true.
This value indicates that this signal should be generated only when all of the rules in the list return zero.
Adding Entry/Exit Rules
To add a new rule for when to generate a signal, press the Add… button. This will display the Modify Rule Dialog where you can enter the formula for the rule.
Ä Note: Typically, a rule should return a non-zero value in order for a signal to be generated. This can be modified by changing the value for when to generate this signal.
& For help with entering specific types of rules, see the help for the Modify Rule Dialog.
Modifying an Entry/Exit Rule
To modify an existing rule, select the rule from the rule list, then press the Edit… button. This will display the Modify Rule Dialog where you can modify the selected rule.
To remove an existing rule, select the rule from the rule list, then press the Remove button. Your action will be confirmed and the rule will be removed.
What Do I Do Next?
If you are creating a new entry/exit system, press the Next button to continue on to the Verify Inputs page. If you would like to exit the wizard without creating a new entry/exit system, press the Cancel button. If you would like to change the name of the entry/exit system, press the Back button to return to the Basic Information page.
If you are finished updating the rules of a previously created entry/exit system, press the OK button to save your changes or select another property page. If you would like to exit from this dialog without performing any changes, press the Cancel button.
Ä Note: Entry/exit systems require at least one value entry rule before they can be saved. In addition, they require either an exit rule or an entry rule in the opposite direction.
Additional Property Pages
The Modify Entry/Exit System Dialog has the following property pages.
This page allows you to specify the name, group, and basic description of this entry/exit system.
This page allows you to modify the entry/exit rules associated with the entry/exit system.
0 Inputs
This page allows you to edit and reorder the inputs for this entry/exit system.
0 Notes
This page allows you to enter notes associated with this entry/exit system.
& For help using property pages, see the help for Property Pages.
How Did I Get Here?
The Enter Rules page appears after the Basic Information page in the Create an Entry/Exit System Wizard.
The Modify Entry/Exit System Dialog is displayed when you press the Edit… button on the Define Entry/Exit Systems Dialog from under the Entry/Exit Systems list.