When creating a strategy, understanding your operators and how they trigger conditions is crucial.
This guide will help you understand the different operators so you can design the strategies you want more effectively.
Is Above / Is Below
These conditions are used to define a scenario where one value is higher or lower than another.
In their simplest form, these conditions do not account for how far or how long one value exceeds or falls below the other - just whether the condition is true at the moment
Example:
Synonyms: > / < | higher / lower | more / less | over / under | greater / lesser
Crosses Above / Crosses Below
These conditions describe the exact moment when one value transitions from being above to below, or vice versa.
Because it focuses on the point of change, this condition is ideal 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 a nominal or percentage delta of a term's value, describing the scenario you're targeting.
Example:
Synonyms: > by / < by | higher by / lower by | rises by / falls by | up by / down by | over by more / over by less
The delta can be referred to as a Nominal Value:
Stocks, Indices, ETFs: Use the currency symbol.
Forex: No symbol, or use pips.
Percentage Value: Use the ‘%’ sign.
Percentage Points: Refers to the nominal change in a percentage value (this is relevant only for terms where the value is in percentage, such as certain news events).
After / Before
Use these scheduling conditions to define a scenario that will occur on the day of an event, either before or after its scheduled time. For example,
Or,
Between
Use this condition to define a scenario that will occur within a specific time frame. For example,
Except Between
This condition lets you pause your strategy during specific time frames. For example,
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