Flexibility is a key asset for trading. Having the possibility of customising your conditions allows your automated trading strategy to fit better your needs. That also allows you to experiment with more strategy combinations to adjust them to all possible market conditions.
Customise your conditions
On a Trader plan, you can add up to five different conditions per block so that the strategy will fire the orders based on complex combinations. The more precise is the definition of the trigger, the more effective the trading strategy will be!
How to set up your conditions?
You can add AND or OR between conditions to build your customised signal. You can combine two or more conditions using the AND if you want them to be met simultaneously to trigger the orders. On the other hand, use the OR to create an alternative scenario.
How it works
The system checks the conditions sequentially based on their order and then evaluates if overall the block is True or False.
These are the possible outcomes. The result can only be True or False. Thus, only the following combinations apply:
False AND False = False
False AND True = False
True AND False = False
True AND True = True
False OR False = False
False OR True = True
True OR False = True
True OR True = True
Keeping that in mind, the logic applies across multiple conditions in the following way:
Condition_1 AND / OR Condition_2 = Result_1
Result_1 AND / OR Condition_3 = Result_2
Result_2 AND / OR Condition_4 = Result_3
Result_3 AND / OR Condition_4 = Result_Final
Con_1 (True) OR Con_2 (False) = Result_1 is True
Result_1 (True) AND Con_3 (True) = Result_2 is True
Result_2 (True) OR Con_4 (False) = Result_3 is True
Result_3 (True) AND Con_5 (True)= The Final Result is True > The condition is met.
Con_1 (False) OR Con_2 (True)= Result_1 is True
Result_1 (True) AND Con_3 (False) = Result_2 is False
Result_2 (False) OR Con_4 (True) = Result_3 is True
Result_3 & Con_3 (False)= The Final Result is False > The condition is NOT met.