Using “Money Management” Actions

“Money management” actions are those that set up money management rules that submit orders when certain conditions become true while your strategy is managing an open position.

All editions of the Quagensia® Desktop Application have money management actions.

These actions are located in the “Money Management” folder of the context menu that appears when you click anywhere on your Quagensia Algo’s workspace where one or more of the actions in the “Money Management” context menu folder are allowed.

In Quagensia T Edition, the actions in the “Money Management” folder are valid in the “When Bar Updates” section of a Quagensia T Edition strategy and the “Function Logic” section of some Quagensia T Edition functions.

In Quagensia N Edition, the actions in the “Money Management” folder are also valid in the “Money Management (Protective Stops And Profit Targets)” section of Quagensia N Edition strategies. See How to Add Money Management Logic to Your Strategies in Quagensia N Edition for details.

Note that “submitting an order” in a trading platform doesn’t necessarily mean that an order is submitted to a broker, exchange, or other type of matching engine that represents a live market. For instance, in any kind of market simulation, such as a backtest, optimization, walk-forward optimization, or when you run your strategy on live data but in some kind of “simulation” mode, the orders you submit go to some kind of a simulator. Even when you are running your trading strategy on a real-money account in real-time, i.e. not in any kind of simulation mode, what happens when an order is submitted from a trading strategy’s executing code depends a lot on the platform, your user preferences, the type of order, if you already have a position in the given financial instrument that is considered managed by the strategy, and much, much more.

The no-code Money Management Actions built into Quagensia N & T Editions are listed below with links to their help pages. Each action is displayed in the same subfolder in which you can find it in the Quagensia Desktop Application’s Algo Explorer and in the context menu that appears when you click on a location on your Quagensia Algo’s workspace where the action is allowed to be used.

The next section lists the Money Management Actions built into Quagensia N Edition. You can also scroll down to the list of Money Management Actions built into Quagensia T Edition further down on this page.