Superalgos - Tutorial Step

Tutorial Step - Manage Stage

The Manage Stage is where the bot checks if it has to Take Profit or a Stop Loss

In this stage the bot checks if the price has hit (TP) or (SL). Initial conditions for my strategy were to set a SL at 20% from entry and a TP at 100% or when MA50 cross under MA200.

formula:

 tradingEngine.tradingCurrent.position.entryTargetRate.value * 0.8

formula is a little bit more elaborate:

 if (chart.at04hs.popularSMA.sma50 > chart.at04hs.popularSMA.sma200) {tradingEngine.tradingCurrent.position.entryTargetRate.value * 2} else {chart.at04hs.candle.close}

Hello World Tutorial — TOC

You just did step 12 in the tutorial.

1. Hello World Tutorial

2. Tutorial Step - Welcome

3. Tutorial Step - Look around

4. Tutorial Step - Custom Data Mine

5. Tutorial Step - The Strategy

6. Tutorial Step - Trading System

7. Tutorial Step - Trigger Stage

8. Tutorial Step - Trigger On

9. Tutorial Step - Trigger Off

10. Tutorial Step - Take Position

11. Tutorial Step - Open Stage

12. Tutorial Step - Manage Stage

13. Tutorial Step - Close Stage

14. Tutorial Step - That's it

15. Tutorial Step - Update Data Mines

16. Tutorial Step - Backtest

17. Tutorial Step - Final Step

18. Tutorial Step - The Chart

19. Tutorial Step - The End

Superalgos is an open-source project run and governed by a decentralized community of contributors. There is no legal entity behind the project. Our body of work lives on the Internet.