A strategy condition is a rule - or a combination of rules - that triggers the trading actions you've defined, but only if a specific market scenario occurs.
Typically, a condition compares the values of two terms using one of three primary operators: greater than ( > ), less than ( < ), or equal to ( = ).
Example:
You might want to buy AAPL shares if today’s price is higher than yesterday’s. In that case, your condition would be:
Alternatively, you can set conditions based on whether a value falls within or outside a defined range.
Example:
If EUR/USD is within the Bollinger Bands...
You can also incorporate timing-based conditions to trigger actions at specific moments, such as during market hours or around news events.
Ready to get more specific?
Continue to the next article: Operators - and learn how to fine-tune your strategies.
Note: All screenshots and examples are for technical demonstration purposes only. They should not be considered as recommendations for any specific trading strategy, nor do they constitute any form of advice. Please click here for further explanation