2. Basic Definitions: Difference between revisions
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==Signal/Strategy== | ==Signal/Strategy== | ||
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Trade strategies in MultiCharts .NET consist of one or several signals which are algorithms for order generation based on the analysis of price information on the chart. | Trade strategies in MultiCharts .NET consist of one or several signals which are algorithms for order generation based on the analysis of price information on the chart. | ||
For example, a strategy consists of one or more signals (algorithms) as shown in the chart below. | For example, a strategy consists of one or more signals (algorithms) as shown in the chart below. | ||
* Bollinger_Bands_LE signal is an algorithm of order generation for long position entry. | * Bollinger_Bands_LE signal is an algorithm of order generation for long position entry. | ||
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* Profit_Target signal is an algorithm of profit fixation. | * Profit_Target signal is an algorithm of profit fixation. | ||
* Stop_Loss is an algorithm protecting the position from a loss. | * Stop_Loss is an algorithm protecting the position from a loss. | ||
A signal is able to generate orders in accordance with a built-in algorithm, which will be executed by the strategy.<br><br> | A signal is able to generate orders in accordance with a built-in algorithm, which will be executed by the strategy.<br><br> |