Create

In the image below, it demonstrates how to access the create screen,it conveys the idea more clearly.

In the below image ,you can see the Create strategy Screen

Rule

Long Only (BUY + SELL)

This rule is designed for traders who are exclusively interested in taking LONG signals only in their strategies.

When the strategy generates a Long/Buy Signal, the Long Only Rule will initiate a Long Entry order for Equity/Futures/Options. Upon receiving a Sell signal, the Long Entry will be closed, and no new positions will be initiated. If there are no existing open positions, no new sell orders will be placed.

SHORT ONLY (SHORT + COVER)

This rule is designed for traders who are exclusively interested in taking SHORT signals only in their strategies.

When the strategy generates a SHORT/SELL Signal, the SHORT Only Rule will initiate a SHORT Entry order for Equity/Futures/Options. Upon receiving a Buy / Cover signal, the SHORT Entry will be closed, and no new positions will be initiated. If there are no existing open positions, no new BUY / COVER orders will be placed.

LONG + SHORT (BUY + SELL)

This rule is applicable when your strategy generates Buy or Sell Signals. In the event of a Buy signal from the strategy, this rule will trigger a Long Entry order for Equity/Futures/Options.

When a Sell Signal is received, the Long position will be closed, and no new orders will be initiated.

LONG + SHORT (BUY + SELL + SHORT + COVER)

This rule is applicable when your strategy generates Buy/Sell/Short/Cover Signals. In the event of a Buy signal from the strategy, this rule will trigger a Long Entry order for Equity/Futures/Options.

When a Sell Signal is received, the Long position will be closed, and no new orders will be initiated. If there are no existing open positions, no new orders will be placed.

Stop + Reversal Module

This module is suitable for traders who want to implement STOP and REVERSAL strategies. Download this module and Drag and Drop this AFL on top of your Strategy in Amibroker. When closing the position and if there are no existing open positions, the system will execute either a LONG or SHORT order based on the predefined quantity. It will not double the quantity to offset the current position if no open positions exist.

Important Note: Under My Strategies in Algomojo, while creating New Strategy use the Rule: LONG + SHORT (BUY + SELL, SHORT + COVER). If a different Rule is selected, then the trades will not be executed as per your Strategy requirements.

For enabling the Algo Trading for any Strategy that you have in Amibroker or Trading view kindly follow the next 3 pages :