ForexHero User Guide
  • Quick Start
  • Quick Start Bots
  • Getting started
    • What is a CFD Forex?
    • Paper Trading
    • Backtesting
    • Dashboard
    • Portfolio
    • Bots and Deals
    • Bots Processing Priority
    • Bots Marketplace
    • SMS Notifications
  • Bot Settings
    • Strategies
    • Trading Parameters
    • Entry / Exit Conditions
    • Advanced Bots
    • DCA Bots
    • Exit Bot
    • Price Bot
    • Sell Bot
    • Trailing Stoploss
    • Trailing Take Profit
    • Bot's Performance Stats
    • Strategy Designer
  • Technical Indicators
    • Bollinger Band
    • EMA
    • RSI
    • Stoch RSI
    • MACD
    • Volume
    • TradingView
    • Mandatory Indicators
  • Connecting Your Brokerage
    • Supported Brokerages
    • Forex.com
  • FAQ
    • Terminology
    • Frequently Asked Questions
  • Housekeeping
    • Release Notes
    • Terms of Use
    • ForexHero Telegram
    • Official Communities
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  1. Bot Settings

Exit Bot

Available to Premium and Professional Users

Many times, as traders, we would like to enter into a position with a trading pair immediately without waiting for any Entry conditions.

Exit bot allows you to instruct the bot to buy your designated trading pair immediately after the bot is created and to strictly monitor only the Exit conditions.

Exit bot will use the entire amount set in the Fund Allocation to buy the designated trading pair.

When all of the Exit conditions are met, the Exit bot will close the deal and return to an Inactive state. It will not reactivate itself automatically.

If you Liquidate a deal opened by an Exit bot, the bot will also return to an Inactive state and will not reactivate immediately.

In both instances above, you need to manually reactivate the Exit bot again.

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Last updated 1 year ago