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Actions

What are Actions?​

Actions define what happens when a condition is met.
They allow users to execute trades, square off positions, and perform other operations based on predefined logic.

Key Features​

  • Multiple Conditions → One Action: The same action can be triggered by multiple conditions.
  • One Condition → Multiple Actions: A single condition can trigger multiple actions in a predefined sequence.
  • Modular Design: Actions can be reused, eliminating redundant setups.
  • Execution Order: The sequence of execution is shown on the link between the condition and action.

Components of an Action​

Each action consists of the following components:

1. Action Type​

Defines what the action does when triggered. Common action types include:

  • Add Leg – Executes a trade (Buy/Sell).
  • Square Off Position – Closes existing open positions.
  • Stop All Wait Trade Triggers – Cancels pending trades in "Wait & Trade" mode.

2. Execution Sequence​

  • When multiple actions are linked to a single condition, they are executed in order.
  • The execution sequence can be viewed from the connecting lines in the strategy builder.

3. Action ID​

  • A unique identifier assigned to every action.
  • Helps in tracking and referencing actions inside the strategy logic.

4. Is Open Check​

  • Allows checking whether an action is still active or completed before triggering another action.
  • Example: A condition can check if a Buy action is still open before placing another trade.

How Actions Work​

  1. A condition is evaluated when the candle closes.
  2. If the condition is true, the linked action(s) execute in the defined sequence.
  3. If multiple conditions trigger the same action, it executes each time the condition is met.

📌 Example Workflow:

  • Condition: "RSI crosses above 30"
  • Action 1: Square off all to exit previous entered trades when RSI crosses below 70.
  • Action 1: Buy 1 lot of NIFTY.

Available Action Types​

Action TypeDescription
Add LegExecutes a Buy/Sell trade.
Square Off PositionCloses all open positions for the strategy.
Stop All Wait Trade TriggersCancels pending orders in "Wait & Trade" mode.

Checking Action Status (Is Open)​

  • Users can check whether an action is still active or completed.
  • Can be used to prevent duplicate order placements.

📌 Example:
Buy Action is_open == True → This ensures a new Buy order is not placed if an active Buy order exists.

Next Steps​

✅ Add Actions to your strategy
✅ Link multiple conditions to a single action
✅ Ensure actions execute in the correct sequence