CFDHero User Guide
  • Quick Start
  • Quick Start Bots
  • Updates
    • CFDHero V1, Trade Easier
  • Getting started
    • What is a CFD?
    • Paper Trading
    • Backtesting
    • Dashboard
    • Portfolio
    • 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
    • Official Communities
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On this page
  • Setting the Average Entry Price
  • Exit Conditions
  • Difference Between Exit Bot and Sell Bot
  1. Bot Settings

Sell Bot

Available for Premium and Professional plans

CFDHero's Sell Bot allows a user to sell an existing asset based on the desired Exit Conditions. For example, if a user already has 1 unit of CFD-based AAPL and would like to sell 1 APPL stock when the price reaches a certain level, the Sell Bot can be used for such a purpose.

Setting the Average Entry Price

The Average Entry Price allows the Sell Bot to know what is your cost for acquiring the instrument. It is used to calculate the Profit and Loss for the deal when the Sell Bot exits. If the Average Entry Price is set as zero, then the PnL will be zero as well.

Exit Conditions

A user can configure the bot to exit based on the following conditions:

  1. when a price level is reached

  2. Indicators

  3. TradingView

Difference Between Exit Bot and Sell Bot

The Exit Bot will immediately use the fund allocation to buy the selected instrument. The Sell Bot will not. It will assume that you already have the instrument that the Sell Bot will sell when the exit condition is met.

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Last updated 2 years ago