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Trigger Off Event
The trigger-off event defines the situation in which the corresponding strategy shall be triggered-off. A strategy that is triggered-off releases the capital in reserve and makes it available to other strategies in the trading system.
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In conceptual terms, the trigger-off event is the mechanism you use to define the situation in which the corresponding strategy should stop considering the trading opportunity signaled by the trigger-on event. That is, you use the trigger off event to describe the scenario for the invalidation of the trading idea behind the strategy.
Once a strategy is triggered-on, only two possible scenarios may follow. Either the take position event is triggered, thus, taking a position, or the trigger-off event is triggered first.
In the first scenario, the strategy remains on until the position is closed. As the position is closed, the strategy is triggered-off. In the second scenario, the strategy is triggered-off immediately.
Trigger Off Event Menu
The Trigger Off Event node has the following Node Menu items:
The Add Situation menu item has the following properties:
- action: Add UI Object
- label: Add Situation
- relatedUiObject: Situation
- actionFunction:
payload.executeAction
- actionProject: Visual-Scripting
- relatedUiObjectProject: Foundations
The Add Ask Portfolio Manager menu item has the following properties:
- action: Add UI Object
- label: Add Ask Portfolio Manager
- disableIfPropertyIsDefined: true
- propertyToCheckFor:
askPortfolioEventsManager
- relatedUiObject: Ask Portfolio Events Manager
- actionFunction:
payload.executeAction
- relatedUiObjectProject: Portfolio-Management
- actionProject: Visual-Scripting
The Add Announcement menu item has the following properties:
- action: Add UI Object
- label: Add Announcement
- relatedUiObject: Announcement
- actionFunction:
payload.executeAction
- relatedUiObjectProject: Social-Bots
- actionProject: Visual-Scripting
The Add Outgoing Signals menu item has the following properties:
- action: Add UI Object
- actionProject: Visual-Scripting
- disableIfPropertyIsDefined: true
- propertyToCheckFor:
outgoingSignals
- actionFunction:
payload.executeAction
- label: Add Outgoing Signals
- relatedUiObject: Outgoing Signals
- relatedUiObjectProject: Trading-Signals
The Add Incoming Signals menu item has the following properties:
- action: Add UI Object
- actionProject: Visual-Scripting
- disableIfPropertyIsDefined: true
- propertyToCheckFor:
incomingSignals
- actionFunction:
payload.executeAction
- label: Add Incoming Signals
- relatedUiObject: Incoming Signals
- relatedUiObjectProject: Trading-Signals
The Delete menu item has the following properties:
- action: Delete UI Object
- actionProject: Visual-Scripting
- askConfirmation: true
- confirmationLabel: Confirm to Delete
- label: Delete
- iconPathOn: delete-entity
- iconPathOff: delete-entity
- actionFunction:
payload.executeAction
Tip: When a menu item is grayed out, it means that Trigger Off Event already has the required child type that the menu item may add, and only that child is allowed for that case.
Trigger Off Event Children
The Trigger Off Event node has the following childrenNodesProperties:
The Situations node property features the following properties:
- name: situations
- type: array
- childType: Situation
- autoAdd: true
The Ask Portfolio Events Manager node property features the following properties:
- name:
askPortfolioEventsManager
- type: node
- childType: Ask Portfolio Events Manager
The Announcements node property features the following properties:
- name: announcements
- type: array
- childType: Announcement
- project: Social-Bots
The Outgoing Signals node property features the following properties:
- name:
outgoingSignals
- type: node
- childType: Outgoing Signals
- project: Trading-Signals
The Incoming Signals node property features the following properties:
- name:
incomingSignals
- type: node
- childType: Incoming Signals
- project: Trading-Signals
Trigger Off Event Attaching Rules
The following are the Node Attaching Rules that govern the attachment of Trigger Off Event with other nodes:
Compatible Types: