For new users of Investor/RT here are some key terms and object types that underlie the trading and trading automation features of the platform.
The term Trading Strategy refers to an automated order management strategy. A Trading Strategy in the Investor/RT context is a strategy for managing the OCO stop and target brackets for one, two, or three legs of overall position.
We use the term Trading Signal (or Signal) to refer to a true/false expression in RTL. A signal, is a user-defined and user-named object, written in the RTL language, that can be charted using the Signal Marker Indicator, for example.
A Signal Marker Indicator can be setup to produce an alert by executing a named Signal Action when the underlying signal fires true in real-time.
A signal action is a user defined and user-named object that can perform myriad tasks, including the submission of a trading order.
A trading order is a user-defined and user-named object that describes what is to be sent to the broker, e.g. BUY 3 Market. A trading order can optionally have an attached Trading Strategy that specifies how the broker is to manage the stops and targets for the position once filled.
A trading system is a user-defined and user-named object; it is a collection of trading rules.
A trading rule does not have a name, but it refers to a named trading signal and it specifies what action, if any, should be taken when the rule is true, e.g. buy 1, or sell 3.
A trading system can be back tested to produce reports on the performance of the collection of rules.
A trading system can be added to a chart via the Trading System Indicator. When running inside a chart (as opposed to back testing), each rules can refer to a signal action to be executed when the rule's signal fires true in real-time
Here, in summary, are the key objects and indicators with links to our web site's content:
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Trading Signal (Signal) https://www.linnsoft.com/articles/tutorial-rtl
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Trading Order https://www.linnsoft.com/techind/trading-order-setup
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Signal Action https://www.linnsoft.com/techind/signal-action-setup
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Trading System https://www.linnsoft.com/feature/trading-system-tools
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Trading Rule https://www.linnsoft.com/feature/trading-system-tools
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Signal Marker Indicator https://www.linnsoft.com/techind/signal-markers
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Trading System Indicator https://www.linnsoft.com/techind/trading-system-indicator-tsysi
To learn more, use the terms listed above to search for additional web site content and videos here;