Page 46 - TakePropips Trading Management Solutions
P. 46

Secondary Strategy












































               Secondary strategies are used to generate additional trading signals or create confirmation signals for
               your main strategy. Remember that you can only have 1 active main strategy. Activating secondary
               strategy is optional. Here are the types of Secondary Strategy that you can enable:

                   •  Additional Signal – it will use Secondary Strategy as another condition on your main strategy.
                       E.g., If the main strategy did not generate any signals for the current bar, then it will look at the
                       secondary strategy and see if it generated signals on the current bar. This will result in more
                       signals generated since there are now more than one strategy running at the same time.
                   •  Confirmation Signal – it will use the secondary strategy as a confirmation filter for the main
                       strategy. E.g., if you have the default TMS as your main strategy, and it generated a buy signal
                       on the current bar, then the secondary strategy will also need to generate a buy signal on the
                       same bar. If the confirmation failed, then the signal from the main strategy will be ignored. This
                       will result in less signals.
                   •  Confirmation Trend – it will use the previous signal of the secondary strategy as a trend to
                       confirm the main strategy. E.g., if you have the default TMS as your main strategy and it
                       generated a sell signal on the current bar, then it will check the previous signal of the secondary
                       strategy to make sure it is also a sell signal, which represents downtrend. If the confirmation
                       failed, then the signal from the main strategy will be ignored. This will result in less signals.


               TakePropips Trading Management Solutions        https://www.takepropips.com       ©2021-2023 TakePropips, All Rights Reserved.   46
   41   42   43   44   45   46   47   48   49   50   51