Guide
How does the Robot WhiteBox MultiMA strategy work ?
The Robot WhiteBox MultiMA strategy utilizes multiple moving averages to set up three tiered limit orders for both long and short positions, as well as a single blue line for closing any open positions. Lime lines represent the levels at which the strategy aims to enter long positions, while red lines indicate the entry points for short positions. The blue line is used as a universal closing signal to exit trades.
- Each of the three lime (long) and red (short) lines represents potential entry points set at different percentages away from the moving average.
- The strategy allows traders to fine-tune entry and exit points by adjusting the moving average offset and the percentage levels for each of the limit orders.
- Recent updates have introduced the MA Offset feature for additional entry precision, MA Closing for defining the exit point, and checkboxes for enabling or disabling long and short trades individually.
- Trades are entered using limit orders if the moving average is positive and executed according to the trader-configured position sizes and designated levels.
- Positions are closed when the price reaches the blue line, which is the predefined moving average used for exiting trades.
Strategy.exit commands are used to ensure positions are closed at the desired closing moving average and to manage the orders at the end of the specified trading period.