Bots and Deals
Bots and Deals are central to how StockHero operates. Please read this section.
Last updated
Bots and Deals are central to how StockHero operates. Please read this section.
Last updated
Trades on StockHero bots are consolidated as Deals. Each Deal contains orders based on the trade signals generated by Entry Conditions, Stop loss, Take Profit, Exit Condition and Extra Orders. Deals will also execute orders in that same order of priority, whichever comes first.
A bot that is waiting for entry is running. It is actively monitoring the real-time market data for the stock.
There is nothing to be done at this stage. Users may delete or pause the bot without any issues as no orders have been made.
Once the bot receives the first signal to execute a trade, a Deal will be created. This Deal can be found in the section Open Deals. After this, the bot's status will show "In Progress." The Deal's status will also show "Deal In Progress."
When Entry Conditions are met, the first order and any subsequent orders, if applicable, are executed and a Deal is considered to be in progress at this point in time. The bot will send the trade signal to the connected brokerage, which will automatically execute the trade. Users can see the trade details on the Open Deals page.
If a user liquidates a Deal, all positions taken in the same Deal are exited through a market order on the brokerage immediately. This is to ensure orders go through as quickly as possible. As soon as a user liquidates a Deal, the bot will revert to the "waiting for entry" state. To stop a bot from running, the user must turn off (deactivate) the bot.
An Open Deal is paused when a Bot is set to the inactive state. In a paused state, a bot will not act on any trade signals generated. All trade signals will resume once a Bot's status is set to active again. The Bot will start a new order based on the next trade signal. If a Deal is already opened when a user deactivates a bot, that same Deal will remain as it is, i.e., all stocks bought or sold by the bot will remain intact. If the Bot has already executed a Base Order, it will resume with an Extra Order next, if applicable.
