ENTRY Signals – How Do They Work
With the Predator, we have the ability to automate Signals from 3rd party indicators or strategies. Once a signal is detected by the Predator, it can enter a trade and manage it according to your own conditons.
In this section, we will cover how to create our Entry Orders with these signals and the different ways we can customize to enter when we want.
We will not cover the specifics of the different types of signals that we can use or how to ensure you have the correct signal TAG. Please see the ‘What Signals Work With The Predator‘ section of the guide for specific details into the types of signals that we can use.
The video below shows a good example of how the Signal System works.
Enter At Break Of Candle:
Selected:
⤷ Once the signal is detected, the price will need to break above/below the previous bars High/Low in order to submit the order.
⤷ Long signal will need to break above the previous bars high.
⤷ Short signal will need to break below the previous bars low.
Unselected:
⤷ Will enter a trade as soon as it detects the Signal.
Bars Ago Entry:
⤷ How many bars the signal system will look back to detect a signal.
⤷ 99% of signals require Bars Ago ENTRY with a value of ‘1’. This means that as soon as a new bar opens, it will detect a signal from one bar to the immediate left.
If your signal creating inidcator or strategy prints a signal only when the bar closes. You MUST use Bars ago ENTRY 1.
⤷ Bars Ago ENTRY ‘0’ should ONLY ever be used for indicators/strategies that create signals while the current bar is still forming.
⤷ Having Bars Ago ENTRY 0 with an indicator that does NOT print on the same bar that is currently forming will cause the Predator to NOT take that trade!
It is recommended to test by running your strategy on Playback or lice on a sim! Running this on Historical back test may cause signals to appear delayed. Non historical testing will give the most accurate results.