Custom signal
Last updated
Last updated
Custom signals are used for very particular events and advanced strategies. If there is a particular event, you can use a custom signal to dissociate it from others signals, but it works the same way!
To create a custom signal, click here:
Ex: Entry in position rules enter a trade if [There is a minimum of 2 long signals] [There is a minimum of 1 custom signal] Indicators Box [Long signal if MACD turns bull] [Long signal if RSI hits 25] [Custom signal if RSI hits 10]
In this example, you want your general strategy to open a long position if you meet 2 long signals at the same time. However, you feel very bullish when the RSI hits 10, so you want to long now and don't want to wait for a second signal to buy (which is MACD turns bull here).
If RSI = 25, MACD = bear, the bot will not open any position
If RSI = 25, MACD = bull, the bot will open a long position
If RSI = 10, MACD = bear, the bot will open a long position
You can use that feature for many others situations, feel free to try it in others boxes and tools too!
Tips about custom signals:
Minimum custom signal = 2 is equivalent to "AND"
Minimum custom signal = 1 is equivalent to "OR"
Minimum custom signal = 1 and Maximum custom signal = 1 is equivalent to "XOR"
Maximum custom signal = 0 is equivalent to "NOT"
