A strategy condition is a rule or a set of rules that triggers the trading orders that you define if that specified scenario plays out in the market.
Typically, a condition compares the values of two terms using three main operators: greater than (>), less than (<), or equal to (=).
For example, you may want to buy AAPL shares if its value is greater than the previous day, if so, your condition would look like this:
Alternatively, you could also write a condition to trigger an action whenever a specified term value is within or is not within a designated range.
i.e. If the EUR/USD is within the Bollinger Bands:
When combined with other conditions, timing-based conditions allow you to set up the potential trigger to take place at a specified time, such as;
Now, let’s dive into the details. Continue on to Operators to learn more.
*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.