Mandatory Indicators
CFDHero allows an indicator to be set as Mandatory (or Required). A mandatory indicator basically means that the entry/exit condition MUST contain the signal for this indicator before the entry/exit condition is considered fulfilled.
A mandatory indicator will make more sense if a user has set at least two indicators for the entry/exit condition. Sometimes, a user may create up to 5 indicators and set the condition that at least two of them needs to be met before the entry/exit condition is fulfilled. However, the user may require one of the 5 indicator to be present and hence, will tag that indicator as "Mandatory".
The table below shows an example of when entry/exit condition is considered fulfilled. An (R) beside the indicator denotes a Mandatory indicator.
RSI, Volume
1 of 2
RSI
Y
RSI(R), Volume
1 of 2
Volume
N
RSI(R), Volume
1 of 2
RSI
Y
RSI,EMA(R),Stoch RSI
2 of 3
RSI, Stoch RSI
N
RSI,EMA(R),Stoch RSI
2 of 3
RSI, EMA
Y
RSI,EMA(R),Stoch RSI
2 of 3
EMA, Stoch RSI
Y
RSI(R),EMA,SRSI, BB, Volume
2 of 5
EMA, SRSI
N
RSI(R),EMA(R),SRSI, BB, Volume
3 of 5
EMA, SRSI, BB
N
RSI(R),EMA(R),SRSI, BB, Volume
3 of 5
RSI, EMA, Volume
Y
Mandatory indicators offer traders a powerful option to remove "noise" from the market.
Mandatory TradingView Signal
You can also set a TradingView signal as a "Required" indicator. If this is enabled, you will need to set the Validity period. The Validity period refers to how long should CFDHero hold a TradingView signal before the next TradingView signal is received.
For example, if you set "60" seconds as the Validity period, and TradingView Signal 1 is received, the next TradingView Signal 2 that arrives within 60 seconds from the receipt of Signal 1, CFDHero will evaluate Signal 1 as a REquired signal and execute the trade. If Signal 2 arrives after 60 seconds from the receipt of Signal 1, the bot will not execute. This is because Signal 1 is set as a "Required" indicator.
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