To create, test and automate a strategy on CLEO.one you need to start with three parts:

  1. Open condition
  2. Close condition (or Stop Loss)
  3. Asset and money management (vol, Take Profit, Stop Loss)

Open condition

An open condition is what needs to happen for your strategy to open a trade. In CLEO.one it can be one of the following:

  • Technical indicators reaching a certain level:

RSI is crossing down 30, SMA(9) is crossing up SMA(20), MACD Histogram is 0, OBV is up by 2% in last day

  • The price of your asset in relation to a technical indicator:

Price is crossing up VWAP, BTC/ETH is crossing down HMA, Price is crossing down BB_UPPER 

  • Price and volume changes:

Price is up by 2% in last 3 days, OBV is down by 2% in last week, Price is down by 1000 in last week

  • Candlestick patterns:

Candlestick pattern is bullish breakaway, Candle is bearish Engulfing

  • Fundamentals:

Bitcoin dominance is down by 2% in last day, Cardano Market Cap is up by 50 000 in last week

  • Support and resistance:

BTC is crossing up 8000, ETH is below 140

Find out more about setting rules in CLEO.one on this page. 

A strategy can have multiple rules. You can set them under the same rule group if all need to happen for your trade to open. If you want to have them as options (if rule 1 happens OR rule 2 happens OR rule set them as different groups.

Close condition

A close condition is the opposite of an open condition. It is the criteria that needs to happen in order for the trade to be closed. It is set in the same way as an open condition.

If for example you are buying when SMA(9) is crossing up SMA(20), you can have the close condition as SMA(20) is crossing down SMA(9).

If for example you are buying when SMA(9) is crossing up SMA(20), you can have the close condition as SMA(20) is crossing down SMA(9).

Asset and money management (vol, Take Profit, Stop Loss)

After setting up your open and close rules you need to specify the asset and volume. There are a few options of how to do this.

Let's say your market currency is in USDT and you are buying Ethereum. Your pair will be ETH/USDT, here are the options:

Units - number of how many. In our case if we put 2, we will be buying 2 ETH on every trade.

% of balance - a percentage of the balance you have at the moment. If we go with 2% it will be 2% of the entire account balance. The account balance may change with trading. This change will be taken into account.

% of initial balance - a percentage of the balance you had at the time you started trading this account. So if your account has started with 1000 USDT, but now it grew 1100 USDT. The 2% will always apply to the 1000 USDT. 

Static amount - fixed amount in your market currency. In our case it’s USDT, so if we go with 2 it will be ETH worth 2 USDT on every trade. If we input 100, it will be ETH worth 100 USDT on every trade. 

Learn more about the differences between Stop Loss, Close Rule and how does Take Profit work here.

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