A goal:
Minimize the number of blocks but expand their breadth with indicator options.
Especially needed: rules for intraday support.
https://www2.wealth-lab.com/WL5WIKI/CommunityRules.ashx
Exits
- % Trailing stop - add "Trailing" parameter like ATR does?
- $ based Stop Loss, Profit Target - already implemented
Conditions
- Position Profit % (is greater/less than a Value, with Across Portfolio? option)
- Patterns: Gap up/down etc. - already possible via Indicator % above/below Indicator Block
- Exit at stop if "Price falls below entry bar"
- Signal Bar (e.g. Stop Loss below signal bar's Low price)
Date Rules
- Day is [or is after] a day of week
-Day is last trading day of month [quarter] (Complete! use Indicator TradingDaysLeft, TradingDaysSince)
Intraday Rules
- Time Filter - (time >= HHmm && time <= HHmm)
- Is Last Bar of Day
- Is Not Last Bar of Day
Peak/Trough
- Peak/Trough rules TBD
Qualifiers
- Limit to N Entries per day (with Across Portfolio? option)
To be paired with Entries only to limit number or trades on the same calendar day. Default 1.
- Indicator as additional qualifier to be able to make second derivative indicators and smooth indicators.
Minimize the number of blocks but expand their breadth with indicator options.
Especially needed: rules for intraday support.
https://www2.wealth-lab.com/WL5WIKI/CommunityRules.ashx
Exits
- % Trailing stop - add "Trailing" parameter like ATR does?
Conditions
- Position Profit % (is greater/less than a Value, with Across Portfolio? option)
- Exit at stop if "Price falls below entry bar"
- Signal Bar (e.g. Stop Loss below signal bar's Low price)
Date Rules
- Day is [or is after] a day of week
-
Intraday Rules
- Time Filter - (time >= HHmm && time <= HHmm)
- Is Last Bar of Day
- Is Not Last Bar of Day
Peak/Trough
- Peak/Trough rules TBD
Qualifiers
To be paired with Entries only to limit number or trades on the same calendar day. Default 1.
- Indicator as additional qualifier to be able to make second derivative indicators and smooth indicators.
Rename
I'm thinking these should go into the PowerPack as not to overload the basic set of Building Blocks.
Sure thing.
OK starting work on this for Build 18. Let's get ready for some more Blocks!
PowerPack build 8 with the new conditions is released:
https://www.wealth-lab.com/extension/detail/PowerPack#changeLog
https://www.wealth-lab.com/extension/detail/PowerPack#changeLog
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