Entry / Exit Conditions
The bot can only evaluate data if at least 1 Technical Indicator is set. Using 0 Technical Indicators will make the bot open an order immediately, regardless of the prices. Multiple Entry Conditions can be set at a time, with the setting to choose the number of conditions to be met to be considered an Entry Condition. Mixing multiple strategies with stricter requirements may require higher Trading Frequency to be viable.
Similar to Entry Conditions, at least 1 Exit Conditions must be set. Technical Indicators set for Exit Conditions need not be the same as the one used in Entry Conditions. In Exit Conditions there are 2 settings that will be prioritised above all Technical Indicators, Stoploss and Take Profit, in that particular order.
Stop Loss | Take Profit |
When the overall position is below the set percentage, a market order will be put to liquidate all positions the bot has. | When the overall position is above the set percentage, a market order will be put to liquidate all positions the bot has. |
Used to limit losses, especially for untested strategies or volatile cryptocurrencies. | Locks in profits to hedge against losses but precludes potential further profits |
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