SFX Automation: Strategy Examples

The SFX Automation allows users to create, backtest, and automate strategies using features from the SFX Algo toolkit. This article provides detailed examples of long and short trade conditions to illustrate how to effectively use the SFX Automation tool.

Long Strategy Example

Long Strategy Criteria

In this example, we will create conditions for a long strategy with the SFX Automation that meets the following criteria:

• Step 1: Any Buy Signal from the 1 hour timeframe

• Step 2: Any Buy Signal from the current chart's timeframe

• Step 3: A retest of a bullish Retracement Wave

• Only take trades between 9:30 AM - 4:00 PM

• Take Profit (TP) 1 (80% of the initial total position) when the Buy Signal's rating is downgraded from the current chart's timeframe

• TP 2 (20% of the initial total position) when price retests the Upper Volatility Band

• Stop Loss (SL) when any Sell Signal is detected

• Move SL to Breakeven (BE) when TP 1 is reached

Long Conditions

Step One:

The first step to set up this strategy would be inputting your conditions under the Long Condition settings.

First, set a detection for Any Buy Signal from the 1 hour timeframe as Step 1.

Step Two:

The second step requires setting a detection for Any Buy Signal from the current chart's timeframe as Step 2.

Step Three:

The third step requires setting a bullish Retracement Wave retest condition from the current chart's timeframe as Step 3.

Step Four:

The fourth step involves defining the time session criteria for trade entries. To do this, enable the Only Take Trades option and specify the desired time range, which in this case is from 9:30 AM to 4:00 PM.

Long Exit Conditions

To set up the TP and SL conditions for this strategy, scroll down to the Long Exit Conditions section within the SFX Automation settings.

Step One:

Enable TP Condition 1 and set the criteria to be "Buy | Rating Downgrade" from the chart's timeframe for 80% of the total initial position. This will sell 80% of the position once the buy signal's rating from your chart's timeframe is downgraded by one star rating.

Step Two:

Enable TP Condition 2 and set the criteria to be "Bearish V. Bands Retest" for 20% of the total initial position. This will exit the remaining 20% of your total initial position once price retests the upper or bearish volatility bands.

Step Three:

Enable the SL Condition and set the criteria to be "Sell Any☆". This will trigger the stop loss and exit your entire position if a sell signal is generated before any of the TP conditions are triggered from Step One and Step Two.

Step Four:

Enable the Move SL to BE After Profit condition and set the condition to be "Long TP 1". This will move the strategy's SL to BE after TP Condition 1 is triggered.

Short Strategy Example

Short Strategy Criteria

In this example, we will create conditions for a short strategy for the SFX Automation that meet the following criteria:

• Step 1: A 3 star Sell Signal detection from the current chart's timeframe

• Step 2: A retest of the upper or bearish Volatility Bands

• Don't take trades between 2:00 AM - 6:00 AM

• TP when price moves 3 multiples of the Average True Range (ATR) in the intended direction

• Trailing SL of 100 ticks once price is 50 ticks in profit

• Hard SL of 1.5 multiple of the ATR

Short Conditions

Step One:

The first step to set up this strategy would be inputting your conditions under the Short Condition settings.

First, set a 3 Star Sell Signal detection as Step 1.

Step Two:

The second step requires a retest of the upper or bearish volatility bands. To do this, set the criteria of "Bearish V. Bands Retest" as Step 2.

Step Three:

The third step involves defining the time session criteria for when the SFX Automation short strategy can not open trades. To do this, enable the Don't Take Trades option and specify the desired time range, which in this case is from 2:00 AM to 6:00 AM.

Short Exit Conditions

To set up the TP and SL conditions for this strategy, scroll down to the Short Exit Conditions section within the settings.

Step One:

Enable the Fixed TP and set the condition to ATR with an inputted value of 3.

Step Two:

Enable the Fixed SL and set the condition to Trailing with an inputted value of 100.

Also, change the Trailing Stop Activation input to 50. This will activate the Trailing SL once price is 50 ticks in profit.

Step Three:

Enable the Hard SL and set the condition to ATR with an inputted value of 1.5.