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The engine revolves around four fundamental block types, each serving a distinct purpose in the strategy-building process:
1. Data Watchers
Data Watchers are the foundation of your strategy, allowing you to monitor and analyse specific markets. Users can specify the markets they’re observing, including details such as currency pairs and time intervals. This block type provides the essential market data needed to inform your trading decisions.
2. Indicator Blocks
Indicator Blocks introduce a wide array of technical indicators, ranging from simple moving averages to complex calculations. Users can incorporate these indicators into their strategies to gain deeper insights into market trends and potential entry or exit points.
3. Maths Blocks
Maths Blocks offer a set of mathematical operations to compare and create conditions based on the output from Data Watchers and Indicator Blocks. These blocks enable users to define precise conditions for executing trades, such as setting thresholds for buying or selling.
4. Action Blocks
Action Blocks serve as the triggers for executing buy and sell orders based on the conditions set by Data Watchers, Indicator Blocks, and Maths Blocks. Users can define specific actions to be taken when their strategy conditions are met, automating the execution of trades.
By understanding these four main block types, users can leverage the full potential of the Block Builder Blueprint Engine to construct strategies aligned with their trading goals and preferences. The subsequent sections of this guide will delve into each block type, providing detailed insights into their functionalities and how they can be effectively utilised in strategy development.
