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Tutorial Step - Taking a Position

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Summary: As soon as the Take Position Event validates true, both the open stage and the manage stage become active.
  • The Open Stage is activated to deal with order execution in entering the position.
  • The Manage Stage is activated to monitor stop loss and take profit targets. It is possible that targets are hit even before actually executing the orders to take the position, and that is the reason why the stage must be activated immediately.
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Tutorial - The Other Stages
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Tutorial Step - Initial Targets....

Testing a Trading Idea - The Other Stages — TOC

You just did step 3 in the tutorial.

1. Testing a Trading Idea - The Other Stages Tutorial

2. Tutorial - The Other Stages

3. Tutorial Step - Taking a Position

4. Tutorial Step - Initial Targets....

5. Tutorial Step - Look Around!

6. Tutorial Step - The Target Rate

7. Tutorial Step - How Do We Go About It?

8. Tutorial Step - The Target Size

9. Tutorial Step - The Whole Balance?

10. Tutorial Step - Initial Balance vs. Balance

11. Tutorial Step - It's The Balance!

12. Tutorial Step - There It Is!

13. Tutorial Step - Copy The Node's Path!

14. Tutorial Step - Circling Back!

15. Tutorial Step - Time to Talk Execution!

16. Tutorial Step - Let's Do Some Reading!

17. Tutorial Step - Execution Algorithm

18. Tutorial Step - Market Sell Orders

19. Tutorial Step - 100% of 100% = ?

20. Tutorial Step - Create Order Event

21. Tutorial Step - Simulated Exchange Events

22. Tutorial Step - Close Stage Event

23. Tutorial Step - Back to the Order

24. Tutorial Step - Here's The Thing!

25. Tutorial Step - It's All About References!

26. Tutorial Step - The Tricks of the Trade

27. Tutorial Step - Position Management

28. Tutorial Step - Phase 1

29. Tutorial Step - Managed Stop Loss

30. Tutorial Step - Entry Target Rate

31. Tutorial Step - Managed Take Profit

32. Tutorial Step - Closing a Position

33. Tutorial Step - Initial Targets

34. Tutorial Step - How to Find Stuff

35. Tutorial Step - And the Winner Is...

36. Tutorial Step - Target Size in Quoted Asset

37. Tutorial Step - Market Buy Order

38. Tutorial Step - This is it!

39. Tutorial Step - We're almost done!

40. Tutorial Step - First Backtest!

41. Tutorial Step - Ready to Rock....?

42. Tutorial Step - Trading Systems Position

43. Tutorial Step - The First Position

44. Tutorial Step - Chronology of a Position

45. Tutorial Step - Manage and Close

46. Tutorial Step - Time Frame Matters!

47. Tutorial Step - Warning!

48. Tutorial Step - Confusing?

49. Tutorial Step - Slippage

50. Tutorial Step - Actual Size

51. Tutorial Step - Size Placed

52. Tutorial Step - Order Management

53. Tutorial Step - Back to the Position!

54. Tutorial Step - The Key Moment

55. Tutorial Step - March 18th

56. Tutorial Step - March 28th - April 1st

57. Tutorial Step - Sep 5th - Sep 14th

58. Tutorial Step - The Prediction Game

59. Tutorial Step - Is There Room For Nuance?

60. Tutorial Step - What is the Nuance?

61. Tutorial Step - What's Next....?

62. Tutorial Step - In The Mean Time!