StockHero Guide
  • Setting Up Your Stock Trading Bot
  • Quick Start Bots
  • Video Gallery
  • Major Updates
    • Achieving ISO27001 Certification
    • StockHero Version 3
    • StockHero V2, The Best Is Not Enough
      • StockHero V2.5
    • StockHero Release Notes
  • Getting started
    • Paper Trading
    • Backtesting
    • Dashboard
    • Portfolio
    • Bots and Deals
    • Bots Processing Priority
    • Strategy Marketplace
    • Deploying A Marketplace Bot
    • SMS Notifications
  • Futures Trading
  • Bot Settings
    • Strategies
    • Trading Parameters
    • Entry / Exit Conditions
    • Advanced Bots
    • DCA Bots
    • Exit Bot
    • Price Bot
    • Grid Bot
    • Sell Bot
    • Momentum 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
    • Trading Account Connection
    • TradeStation
    • Webull
  • Wealthsimple
  • FAQ
    • Terminology
    • Frequently Asked Questions
  • Housekeeping
    • Release Notes
    • Terms of Use
    • Official Communities
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  • 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

StockHero'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 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 your cost is for acquiring the stock. It is used to calculate the profit and loss for the deal when the Sell Bot exits. If the Average Entry Price is set to 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 stock. The Sell Bot will not. It will assume that you already have the stock that the Sell Bot will sell when the exit condition is met.

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Last updated 11 months ago