Price Trigger Block

by MonsieurK

Price trigger block - This block is a "conditional block" that is triggered when the price is above or below a certain value expressed in the "base" of the pair in question. Example: USDT for the BTC/USDT pair or BTC for the KRL/BTC pair.

Block configuration

In the parameters of the block, you can select the conditions that will drive its triggering.

The different options of the Price Trigger block

"When the price is" allows you to specify the condition for triggering the block. Either higher than a price or lower :

  • Lower: The block will be validated if the price of the traded asset is lower than the quote specified in the following field.
  • Higher: The block will be validated if the price of the traded asset is higher than the quote specified in the following field.
The advanced options of the Price Trigger block

Advanced options: In order to protect yourself from large market movements during high volatility phases, you can set up a double price check. This double check allows you to wait for a second validation of the price condition after a given time (expressed in seconds). This prevents the block from being validated on a short timeframe (few seconds wick), however your strategy will lose reactivity on fast market movements.

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Happy Trading,

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