Hi,
Welcome to this forum.
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So will my balance only update on a Friday when the market closes?
No the balance gets updated every day after settlement @22GMT winter time
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How can I pause/stop my strategy for a week when a certain block happens?
This indeed possible : If I consider your example, I assume that your strategy will permanently having open positions and once all closed you will pause the strategy: In this case I will us a condition that checks the number of open positions (Variable called : Position Amount under Positions section in the left side) and IF Position amoutn = 0 then you set a break.
Now the method to set a break in another story and needs more precision in terms of description but basically you need to use a "On / Off" variable and set the way it switch automatically on and off. the most used variable type for this need is "Boolean" but it could be another type.
Attached a simple example using days of the week switch. (more examples available in the section called "Working with time")
Cheers