Simple Strategy with Parameters, Log, Plot and Trade Sample

[Steve]

When it comes to writing your first strategy, starting by a Simple Strategy is probably a good choice.

You don’t have to worry too much about dealing with the Exchange and managing orders and you can focus on the trading logic.

The only thing a Simple Strategy needs to do is emitting a signal each time it received a new Candle (through the onTick method): either a BUY, SELL or HOLD signal.

Have a look at the Basic Strategy in the Knowledge base:

University Lesson 1 : Simple Strategy with Parameters, Log, Plot & Simple Trade

You can use it as a boilerplate for writing your first strategies since it includes a few parameters, shows how to log in the output console, performs some calculation using talib, renders on the chart and return a signal to MachinaTrader.

All of the above in about 50 lines of codes which should enable you to get familiar with the scripting environment!