Strategy Builder Flow

The strategy wizard turns rules you write in plain terms into a Strategy Studio node graph. Each rule reads when some conditions are true, then buy, sell or close, and the strategy works within a budget you set. There is no separate wizard engine: the result is an ordinary Studio graph that you run from the order form and can open in Studio.

Open the wizard from the order form's Pro menu (New strategy…), from the Strategies page (New strategy), or from the Strategies tab (New). It has four steps:

1. Basics
2. Rules
3. Budget
4. Review

You can go back to any step you have reached from the step bar. A step with an error is marked !. On wide screens an outline on the right shows the strategy at a glance: the check mode and timeframe, each rule (R1, R2…) with its conditions and chips for side, size, order type and repeat, and the budget and daily loss limit. Click a rule in the outline to jump to Rules.

Your draft is kept on this device until you create the strategy. When you come back, the wizard shows "Draft restored." with a Start over link. On desktop, Empty canvas in Studio skips the wizard and opens a blank graph.

1. Basics

• Name: the name you will see in the order form, the Strategies tab and on the orders the strategy places. Required.
• Check rules:
• Live: rules are checked on every price move.
• Candle close: rules are checked only when a candle closes.
• Candles: the timeframe for indicators and candle-close checks: 1m, 5m, 15m, 1h, 4h or 1d. The default is 1h.

2. Rules

Each rule is a card: Rule 1, Rule 2… with buttons to move it up, move it down or remove it. Add rule adds a card. A strategy needs at least one rule, and every rule needs at least one condition.

Conditions

A rule starts with When [all | any] of these are true:

• all: every condition must be true (AND).
• any: at least one must be true (OR).

+ Condition adds a condition. Group adds a nested group with its own all/any setting, so you can write "A and (B or C)". Groups nest up to two levels.

A condition is left side, comparison, right side:

Click a side to open the picker. It lists everything you can compare, browsable by category (All, Number, Price, Market, Position, Account, Trend, Momentum, Volatility, Volume, Levels, Other), with a Search box that filters across all of them. Done closes it.

• Number: a fixed value (right side only; one side must be market data or an indicator).
• Price: Price (close), Open, High, Low, Volume.
• Market: Funding rate, Open interest.
• Position: Position P&L %, Unrealized P&L, Position size.
• Account: Account equity.
• Indicators: Studio's indicators, such as RSI, EMA, SMA, MACD, Bollinger Bands, ATR, Session VWAP, ADX, Stoch RSI and Supertrend.

Under the list you tune the pick: indicator settings (period, multiplier, Source…), the Output for indicators with several lines (for example the MACD signal line or the upper band), a Timeframe (the strategy's own by default, or another one), and a × multiplier (for example Price (close) below EMA(200) × 0.95).

Action

Then sets what the rule does:

• Buy or Sell a size:
• Dollar amount (at least $10, Hyperliquid's minimum order)
• Coin amount
• % of budget
• Rest of the budget
• Close a share of the position: % of position (1 to 100). Closes are reduce-only.

On a spot market a sell only sells what you hold.

Order Type

as [Market | Limit | TWAP]:

• Market: one market order.
• Limit: a maker-only limit order a set % better than the price. It rests while the rule holds, following the price, and is cancelled when the rule stops holding.
• TWAP: equal market slices Over a number of minutes in a number of Slices. Remaining slices are cancelled when the rule stops holding.

A rule triggered by a cross is true for one candle only, so its TWAP runs to completion and its limit rests for one candle.

How Often

• Each time it becomes true: acts again every time the conditions turn true after being false.
• Only the first time: acts once for the whole run.
• Every N minutes while true: repeats every Every minutes as long as the conditions hold (market orders only).

Stops, targets and exits are rules too. For example "when Position P&L % is at or below -3, close 100%".

3. Budget

• Budget: the total the strategy may put to work, in dollars of position cost (at least $10). Every buy is capped by what is left of the budget and by your available balance. If there is less than $10 of room, the order is skipped. A strategy without sell or close rules stops once its budget is spent; with them it keeps running.
• Daily loss limit: turn it on and set Loss % (3% by default). If the day's loss reaches that share of equity, the strategy closes everything and stops.

4. Review

Summary

The strategy in plain words, under the name: Market (the chart's market, checked on every price move or at each candle close), each Rule ("When RSI(14) crosses below 30, buy $250 at market."), Budget and Limits.

Checks

Errors, warnings and notes about the strategy, each with a Fix link to its step. Errors block Create strategy (for example "Give the strategy a name.", "Rule 1 has no conditions.", "at least $10 (Hyperliquid's minimum order)."). Warnings and notes explain risks without blocking, for example:

• "No rule closes the position: it is held until you close it (or a sell rule does)."
• "Rule 1 buys again every time its conditions become true again; the budget caps the total."
• A rule that reads live-only data.

Order Form Fields

Choose which numbers you can change from the order form without editing the strategy: Budget (on by default), each rule's size (Rule 1 size) and each fixed value in a condition (for example Rule 1: RSI(14) is below 30, or the range low / range high of a between rule).

How It Would Have Done

A quick backtest of the rules on recent history of one market, starting from $10,000. Pick the market and press Run (it runs once on its own when you reach Review). The window depends on the timeframe:

It shows Return, Trades, Win rate, Max drawdown and an equity curve. Fees are included. If you change the strategy afterwards it says so; press Run again to update. "No trades in this window" means the rules never lined up: try a looser level or another timeframe. Past results don't predict future ones.

After Create Strategy

Create strategy compiles the rules into a Studio graph and saves it to your Library. Then choose:

• Run from the order form: opens the trade page with the strategy selected in the order form. Set its fields and press Run Strategy. See Strategies.
• Open in Studio: opens the graph on the Studio canvas (desktop only). Each rule is a labelled band of nodes.
• Keep editing: stays in the wizard.

In the order form a wizard strategy shows a Timeframe field, the fields you chose on Review, and the readouts Position, Unrealized PnL and Budget left.

Editing a Wizard Strategy

In the Library, the strategy's Wizard button reopens it in the wizard (Edit strategy, then Save changes). It keeps the same strategy, so the order form and its field values keep pointing at it. If it is running, the order form offers Restart with changes.

• Edited in Studio: if you changed the graph in Studio, the wizard never overwrites those changes. Choose Continue in Studio, or Wizard copy of the original to start a new wizard copy from the original setup.
• Made with an older wizard: strategies from the previous wizard (entry and exit steps instead of rules) can only be edited in Studio.
• Built in Studio: strategies not made with the wizard are edited as nodes only.