- Trade with confirmation - checks the Buy/Sell rules only on candle close. These are the final values of the technical instruments for the candle. The bot will then make the Buy or Sell.
- Trade immediately - checks the Buy/Sell rules on every price. The bot will place an order immediately after the rules are met within the current candle. As those are current states of the instruments they may or may not be confirmed on close of the candle. If they are not confirmed, backward looking of the trades on the chart may seem like the rules were not met but trades were made. However, during real time the rules were actually fulfilled.
Example with rule "Buy when RSI is crossing 35 from bottom to top". The previous candle RSI is 30 and the price moves upwards making the current value of the RSI 36. The "trade immediately" mode will place a Buy order. The "trade with confirmation" will wait the candle to close and then will check if the RSI is still above 35.
Trailing buy is 1% and the timer is set to 5 minutes.
All BUY rules are met and the current price of the pair is 100.
- Scenario 1:
While the timer is active the price starts to rise. It reaches 101 (1% rise from 100). The bot places the BUY order.
- Scenario 2:
While the timer is active, first the price starts to fall and goes to 95. Then it changes direction and starts to rise. It reaches 95.95 (1% rise from 95, percentage is calculated from the lowest point after fulfillment of the buy rules). The bot places the BUY order.
- Scenario 3:
While the timer is active, the price starts to fall. After the timer finishes the price is still below the 1% rise. The bot disregards the BUY signal. Then the bot starts over with check of the BUY rules.
The same principles apply to the sell rules as to the buy rules.
Additionally you can set a Trailing target. The bot will not place a SELL order when the Target is reached. Instead, when the target is reached the bot will place a trailing sell order (trailing target). The percent is the distance between the trailing sell order and the price. The trailing target will move and follow only a rising price at the set distance. It will stay in place if the price is falling. If the price reaches the trailing target on its way down, the bot will execute the sell order.
Target is 2%. Trailing target is 1%.
The BUY rules are met and the current price is 100.
Then the price rises to 102 (2% above 100, target is reached). The trailing target is activated and set initially at 100.98 (1% below 102).
- Scenario 1:
The price directly starts to fall. It reaches the trailing target at 100.98. The bot executes a sell order.
- Scenario 2:
First, the price continues to rise. The trailing target follows it at 1% below. Then at some point, the price changes direction and starts to fall. At this moment the trailing target is at 110 and holds this value while the price is falling. The price reaches 110. The bot executes a sell order.