Order and Trade Nodes

The nodes that open, size, protect and close a trade: Entry, Scale-in Entry, Trade, Bracket Order, the three setters and Trade Variable.

ReferenceBy AlgoLiftUpdated 1 min read

Everything to the left of these nodes decides whether to trade. These decide what the trade actually is.

The Entry opens a position when its condition is true, and holds the Cooldown that spaces trades out. The Trade node is one leg of the position, and the Bracket Order attached to it sets that leg's stop, target, stop mode and time exit. Two legs off one entry give you a partial exit. While a trade is open, the three setters move its stop, its target or its exit condition, and the Trade Variable reads the trade itself (entry price, entry ATR, the current stop and target), which is how trailing and breakeven stops get built. Scale-in Entry adds to a position that's already open.