A connection between any two blocks on Mudrex is called a 'PATH'. Paths help users create complex strategies using simple conditions.
Paths that are connected to the BUY/SELL block are special paths because those are the final leg in the decision-making process of the strategy. Users can use these paths to define complex entry/exit actions based on the condition.
Paths that connect to the BUY block or the SELL block have different options associated with them.
Actions on paths connected with BUY:
3 actions are available to a user when a path is connected with the BUY block
- Open Long Position: When conditions connected to this path are true, the strategy opens a Long position if no other position is open
- Close Short Position: When conditions connected to this path are true, the strategy closes any open Short position.
- Reverse open Short to Long: When conditions connected to this path are true, the strategy first closes any open Short position and then reverses that position to a Long position.
Actions on paths connected with Sell:
3 actions are available to a user when a path is connected with the SELL block
- Open Short Position: When conditions connected to this path are true, the strategy opens a Short position if no other position is open and shorting is allowed
- Close Long Position: When conditions connected to this path are true, the strategy closes any open Long position.
- Reverse open Long to Song: When conditions connected to this path are true, the strategy first closes any open Long position and then reverses that position to a Short position if shorting is allowed.
A user can select multiple actions to be taken on the same Path.
Using it in a strategy:
Eg:
Let us create a strategy with the following condition
- Enter Long when RSI < 30 always
- Enter Short when RSI > 70 always
- If MACD crosses down 0 then close any open long positions
- IF MACD crosses up 0 then close any open short positions
Here is how we would create it:
Buy Side: We need 2 indicator blocks, one with RSI to open the Long and another with MACD to close any open Short position
Sell Side: We need 2 indicator blocks, one with RSI to open the Short and another with MACD to close any open Long position
Here is how the strategy would look:
Here are some quick results:
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