Armed Price Trigger OCO Strategy Diagram

This diagram maintains two virtual breakout triggers around a Donchian channel calculated from finished five-minute candles. Live best ask and best bid prices are evaluated against the latest channel boundaries; the first eligible side opens a market position, which is then managed by percentage-based take-profit and stop-loss protection.

schema

Strategy Overview

Finished five-minute candles feed Donchian Channels(20), producing the upper and lower breakout boundaries.
Each market-depth update samples the latest formed channel values and reads BestAsk.Price and BestBid.Price from the order book.
An upper breakout can buy and a lower breakout can sell only while Armed is enabled and the position is flat.
A Flag block passes the first valid pulse on each side and suppresses repeats until a position transition resets both one-shot gates.
Position protection closes the filled entry at a 1% take-profit or a 0.6% stop-loss, while the chart displays candles, both channel boundaries and all fills.

Entry and Exit Rules

Long entry: When Armed is true, the position is flat, and the best ask is greater than or equal to the latest upper Donchian boundary, submit a market buy for Volume.
Short entry: When Armed is true, the position is flat, and the best bid is less than or equal to the latest lower Donchian boundary, submit a market sell for Volume.
Exit: Close the open position when the live order book reaches either the 1% profit target or the 0.6% loss threshold measured from the entry fill.

Parameters

Parameter	Default	Description
Channel Length	20	Number of finished candles used by Donchian Channels.
Armed	true	Master switch that enables both breakout entry routes.
Take Profit, %	1	Percentage distance from the entry fill to the profit target.
Stop Loss, %	0.6	Percentage distance from the entry fill to the loss threshold.
Volume	1	Market-order volume used for either entry direction.
Candles	00:05:00	Time frame of the finished candles used to calculate the channel.

Diagram Details

UpperBand and LowerBand converters extract both Donchian boundaries. Two Variable blocks retain them and emit their latest values in the causal context of each market-depth update.
Before Donchian Channels(20) is formed, the boundary variables have no stored value and the entry comparisons remain inactive.
The order-book converter paths BestAsk.Price and BestBid.Price provide the live prices used by the two comparisons.
Each entry gate combines three Boolean inputs: the relevant price comparison, position = 0, and the exposed Armed value.
The two Flag blocks implement one-shot virtual OCO behavior without resting exchange orders. After one side fills, the non-flat position blocks both entry routes until protection closes it.
Both Modify position blocks use market orders. Their entry fills feed Position protection directly, and market depth supplies the prices used to evaluate its exit levels.

Usage

Import the .json file into Designer, run it in the backtester on historical data, then adjust the parameters or the blocks themselves to fit your instrument before trading it live.