Managing Actions

Actions define what your strategy does when a transition fires — update a variable, execute a trade, or run conditional logic. Each action is a sequence of one or more steps that execute in order.

Opening the Actions Manager

1. In SMITH, click the gear icon to open the Strategy Toolbar.
2. Select Manage Actions.

The Actions Manager panel lists all actions in your strategy, with step summaries and usage counts.

Creating an Action

1. Click New Action (or Create Action if none exist yet).
2. Name the action (e.g., Enter_Long, Increment_Counter, Log_Exit).
3. Add one or more steps to define what the action does.

Action Step Types

Each step in an action is one of these types:

Operation

A direct operation on your strategy's context. Sub-types:

Operation	What It Does
Assign	Set a variable to a specific value
Increment	Add a value to a numeric variable
Decrement	Subtract a value from a numeric variable
Swap	Exchange the values of two variables
Custom	A custom operation expression

Values can come from three sources:

• Static — a fixed number, string, or boolean
• Context — a value from one of your strategy's variables
• Event — a value from the incoming market event payload

Predefined

Built-in actions with specialized behavior:

Action	What It Does
Execute Trade	Records a trade execution with direction, entry price, stop-loss, and take-profit levels.

Execute Trade works like any other action step — it runs when the transition fires (or when a conditional branch triggers it). Trade parameters (instrument, direction, SL/TP, position size) are defined through Trade Plans — reusable blueprints that you configure separately from the action step itself. See Trade Plans for full details on creating plans, configuring SL/TP modes, exit strategies, and alert integration.

Conditional

An if/then/else branching step. You define a set of conditions (using the same All (AND) and Any (OR) groups as guards), and then specify:

• True branch — steps that execute when the conditions pass.
• False branch — steps that execute when the conditions fail.

Both branches can contain any step type, including nested conditional steps for complex decision trees.

Example: "If tradeCount < 3, increment tradeCount and execute a trade; otherwise, do nothing."

Conditional action steps give you guard-like logic inside an action, so you can branch behavior without creating separate transitions. See Conditions — Conditions in Conditional Actions for details on how conditions work in this context.

Do Nothing

A no-op step — nothing happens, context is unchanged. Useful as a placeholder or for clarity in conditional branches.

Editing and Deleting Actions

• Edit: Click an action to expand it, then click Edit to modify its steps
• Delete: Click Delete to remove an action. If it's referenced by transitions, SMITH shows which transitions will be affected

Usage Counts

Each action shows a usage count — the number of transitions that reference it. This helps identify unused actions and understand the impact of edits.