CFDHero User Guide
  • Quick Start
  • Quick Start Bots
  • Updates
    • CFDHero V1, Trade Easier
  • Getting started
    • What is a CFD?
    • Paper Trading
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    • Bots and Deals
    • Bots Processing Priority
    • Bots Marketplace
    • SMS Notifications
  • Bot Settings
    • Strategies
    • Trading Parameters
    • Entry / Exit Conditions
    • Advanced Bots
    • DCA Bots
    • Exit Bot
    • Price Bot
    • Grid Bot
    • Sell Bot
    • Trailing Stoploss
    • Trailing Take Profit
    • Bot's Performance Stats
    • Strategy Designer
  • Technical Indicators
    • Bollinger Band
    • EMA
    • RSI
    • Stoch RSI
    • MACD
    • Volume
    • TradingView
    • Mandatory Indicators
  • Connecting Your Brokerage
    • Supported Brokerages
    • City Index
    • Forex.com
  • FAQ
    • Terminology
    • Frequently Asked Questions
  • Housekeeping
    • Terms of Use
    • CFDHero Telegram
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  1. Bot Settings

Price Bot

Available to Premium and Professional Users

Price Bot allows traders to buy and sell a digital asset at target buy and sell price levels.

If a user sets 3000 USD as the Buy Price (entry condition) for an instrument and 3500 USD as the sell price, the Price Bot will execute a buy order if the price of instrument's price hits 3000 USD and the price is previously higher than 3000 USD.

Assuming Buy Price = 3000 USD and Sell Price = 3500 USD

Let us assume the instrument is a stock for the examples listed below.

Time
Stock Price
Action

X (bot created)

3200

Does nothing

X+1

3600

Does nothing

X+2

3000

Buys Stock

X+3

3400

Does nothing

X+4

3500

Sells Stock

Another example with same Entry and Exit conditions:

Time
Stock Price
Action

X (bot created)

2900

Buys Stock immediately

X+1

3000

Does nothing

X+2

3200

Does nothing

X+3

3000

Does nothing

X+4

3500

Sells Stock

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Last updated 2 years ago