When creating a strategy, it is important to know your operators and what will trigger them.

Here is some information to help understand the differences so you can create the strategies you want.

Is Above / Is Below

  • Use these conditions to describe a state where the value of one term is higher/lower than the value of another term.

  • At its simple form, this condition is apathetic to how far or how long one value is higher/lower than the other value.

Example:

Synonyms: > / < | higher / lower | more / less | over / under | greater

Crosses Above / Crosses Below

  • Use this condition to describe the exact moment where the value of one term changes from is above to is below or vice versa.

  • Being sensitive to the moment of change, this condition works great for strategies based on technical analysis.

Example:

Synonyms: is crossing above / is crossing below | jumps above / falls below | breaks above / breaks below | goes above / goes below | moves above / moves below | cuts above / cuts below | jumps above / falls below

By... (delta)

  • Use the keyword ’By’ to define nominal or percentage delta of the term value for describing the scenario you're looking for.

Example:

Synonyms: > by / < by | higher by / lower by | rises by / comes off by | up by / down by | over by more / over by less

The delta can be referred to as a Nominal Value;

  • Stocks, Indices, ETFs - with the currency sign.

  • Forex - with no sign, or as pips.

  • Percentage value - using ‘%’ sign.

‘Percentage Points’ value - stands for the nominal change in a percentage value (relevant only for terms which their value is in percentage, like some news events)

After / Before

  • Use these scheduling conditions to describe a scenario that will take place on the day of an event, before or after its scheduled time. For example,

Or,

Between

  • Use this condition to describe a scenario that will take place between a certain time. For Example,

Except Between

  • This condition allows you to stop your strategy from executing during specific time frames. For example,

*Please note that all screenshots and examples are only shown for the purpose of a technical demonstration and should not in any way be construed as recommending any type of trading strategy and they do not constitute any form of advice. Please click here for further explanation.

Did this answer your question?