Created
August 21, 2024 13:48
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Trading_Script_Logic_Overview.txt
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| BEGIN Trading Script | |
| INITIALIZE logging, settings, and environment | |
| IF no open positions exist THEN | |
| IF the market is trending AND not overbought/oversold THEN | |
| GET the most common trade signal (BUY or SELL) | |
| OPEN a new trade based on the signal | |
| END IF | |
| ELSE IF there is one open position THEN | |
| CHECK if the current position is in profit | |
| IF current position is in profit AND no secondary trade (hedge) exists THEN | |
| OPEN a hedge trade in the opposite direction | |
| END IF | |
| GET the most common signal again | |
| IF the current trade's direction matches the most common signal THEN | |
| CONTINUE holding the position | |
| ELSE IF the market conditions indicate overbought/oversold AND the trade is in profit THEN | |
| CLOSE the current position to secure profit | |
| CLOSE any open secondary trades to prevent them from lingering | |
| ELSE IF the signal conflicts with the current trade direction THEN | |
| CLOSE the current position to avoid potential losses | |
| CLOSE any open secondary trades to prevent them from lingering | |
| END IF | |
| IF a hedge trade is open THEN | |
| IF the hedge trade is in profit THEN | |
| CLOSE the hedge trade to lock in gains | |
| END IF | |
| END IF | |
| END IF | |
| LOG the final outcome and terminate the script | |
| END Trading Script |
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