Manage Rules

Manage rules control what happens after a position is opened. They protect your capital and lock in profits.

Rule Types

Stop Loss

Exit at a loss threshold to limit downside.

Configuration:

Take Profit

Exit at a profit target to lock in gains.

Configuration:

Trailing Stop

Dynamic stop that follows price, protecting profits.

Configuration:

• Trail Percentage — How far behind price to trail (e.g., 3%)
• Activation — When to start trailing (optional)

Exit

Exit on a specific signal condition.

Configuration:

• When — Signal condition to trigger exit

signals.trend_reversal
signals.momentum_dying AND bars_since_entry() > 10

Move Stop

Adjust stop loss level based on conditions.

Configuration:

• When — Signal to trigger the move
• To — New stop level (breakeven, percentage, expression)

Example: Move to breakeven after 2R profit:

when: position_profit_pct() > 0.02
to: breakeven

Add

Add to a winning position.

Configuration:

• When — Signal to add
• Amount — How much to add (percentage of original)

Targeting

Manage rules can be:

Global (Default)

Apply to all entries in the strategy.

Targeted

Apply only to specific entries. Connect the entry to the manage rule in the workflow editor.

This allows different rules for different entry types:

Long Entry 1 → Stop Loss (tight), Take Profit (2R)
Long Entry 2 → Stop Loss (wider), Take Profit (4R)

Rule Execution Order

When multiple rules could trigger:

1. Stop Loss — Checked first for capital protection
2. Take Profit — Checked next
3. Exit — Conditional exits
4. Move Stop — Stop adjustments
5. Trailing Stop — Trail updates
6. Add — Position additions

Position-Aware Expressions

Manage rules can use position-specific functions:

Example: Trail from highest high:

trail_stop: highest_since_entry() * 0.95

Prediction Market Rules

For prediction markets, use specialized rules:

Best Practices

• Always use stop losses — Protect capital on every trade
• Risk-based targets — Use R-multiples for consistency
• Move stops to breakeven — Reduce risk after profit
• Trail in trends — Let winners run with trailing stops
• Match rules to entry type — Different setups need different exits