Decision Recipes

Comparing Underlying Symbol Properties

Comparing underlying symbol properties allows you to choose whether a property of an underlying symbol price is greater than, less than, or equal to a specific value before moving through the automation. Here is how to use it.
Comparing Underlying Symbol Properties
Steve Henry
May 13, 2021

The decision recipe for comparing an underlying symbol’s property has four inputs:

  • Symbol
  • Property
  • Greater than/less than/equal to
  • Value

This decision recipe allows you to choose whether a property of an underlying symbol price is greater than, less than, or equal to a specific value before moving through the automation.

Screenshot displaying the decision recipe for comparing underlying symbol properties

Enter a symbol and select “Next.” The second field prompts a dropdown menu to choose from multiple variables relating to the symbol’s price properties.

Screenshot highlighting the indicator options available in the decision recipe's dropdown menuw

The third prompt has you choose if the property is greater than, less than, or equal to the fourth field’s value, where you manually input a value. When you have finished creating the recipe, select “Save.”

Screenshot highlighting the save button following the decision recipe inputs

NOTE: You can also create a custom input, which allows you to input the field later to make the decision recipe dynamic across all automations.

The decision will be added to the list of criteria. You have the option to add more decisions to the recipe or return to the automation editor. When finished, select “Save” again to return to the automation editor.

Screenshot highlighting the save button to return to the automation editor

The automation editor will display your completed decision criteria for comparing an underlying symbol’s property.

Screenshot highlighting the decision recipe within the automation editor

You can always select the decision inside the automation editor and make changes to the criteria.

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Evaluating Underlying Symbol Performance
Evaluating underlying symbol performance allows you to choose whether a symbol’s price has increased or decreased by a specific percentage over a set period of time before moving through the automation. Here is how to use it.
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FAQs

What various symbol criteria can I compare?

There are a number of different criteria that can be compared with a symbol. You can compare a symbol's moving average of 'X' days to symbols moving average of 'Y' days. You can compare the symbol's % change with a specific time frame. You can also compare a certain indicator (like RSI) for a symbol over different time frames. You can also compare probabilities with a symbol: symbols chance of being above or below certain price levels and volume levels. For more, check out the decision criteria under the section "stocks"

When and how often are these values compared?

These values are compared when the automation schedule runs. Right now that is every 15 minutes.

Can I set my automation to check multiple criteria in a single step?

Yes. You can use "and/or" functionality to achieve this.

Where can I see specific definitions for the various criteria?

You can find definitions for various criteria in the Help Center as well as the Handbook for some indicators. All of what is available on the autotrading platform can be found in these and for more, you can always check Investopedia or google definitions and meanings.

While this decision recipe compares to see that a specific criteria is above or below a certain level, can I be notified when one of those criteria crosses a specific number?

Yes. Simply add a notification in the decision recipe directly after that decision. Notification can be found under the bot "actions" sections when creating a bot.

When using the "Equal To" function, is the automation only measuring that criteria at the exact time the bot runs, or is it seeing if it equaled that criteria at any point since the prior bot run?

It is comparing at that moment in time when the automation is run. Down to the millisecond.

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