The Use Cases pages are designed to provide practical examples and step-by-step instructions for implementing various trading strategies and actions within the Manual Strategy Builder (MSB). These use cases help traders understand how to leverage different features of the MSB to create robust and effective trading strategies.

Use Cases Summaries

1. How to Create a Condition on Something Crossing Something:
   
   

   • Purpose: To start a trade when one series crosses another, such as a price crossing an indicator or an indicator crossing another indicator.
     
     
   • Methods:
     
     
     • Direct usage of indicators.
       
       
     • Using bindings to create flexible, reusable conditions.
       
       

2. How to Create an Indicator Based on Another Indicator:
   
   

   • Purpose: To derive one indicator's values from another, creating more complex analysis tools.
     
     
   • Steps:
     
     
     • Define a base indicator (e.g., fast SMA).
       
       
     • Create a derived indicator (e.g., RSI based on fast SMA).
       
       
     • Use the derived indicator in your strategy.
       
       

3. How to Calculate a Stop Loss Based on an Indicator:
   
   

   • Purpose: To dynamically adjust stop loss levels based on indicator values.
     
     
   • Steps:
     
     
     • Define the indicator (e.g., ATR).
       
       
     • Create a parameter to multiply the indicator value.
       
       
     • Calculate the stop loss using the indicator and multiplier.
       
       

4. How to Submit a Stop Order Based on Calculated Price:
   
   

   • Purpose: To place stop orders using dynamically calculated entry prices.
     
     
   • Steps:
     
     
     • Calculate the entry price (e.g., Close + ATR*2).
       
       
     • Submit the stop order with the calculated entry price.
       
       

5. How to Calculate a Current Bar Price Using a Price Type from Inputs:
   
   

   • Purpose: To dynamically calculate the current bar price based on a user-specified price type.
     
     
   • Steps:
     
     
     • Create an input parameter for the price type.
       
       
     • Calculate the current price using the specified price type.
       
       

6. How to Use a Closed Bar Price:
   
   

   • Purpose: To utilize closed bar prices in trading strategies.
     
     
   • Methods:
     
     
     • Use the open price of the last bar.
       
       
     • Use the close price of the previous bar.

These use cases provide practical guidance for implementing various trading scenarios within FinStudio, enhancing the trader's ability to develop sophisticated and responsive strategies.