FUTU HK Help Center-How to Set Trigger Conditions to Run a Strategy

How to Set Trigger Conditions to Run a Strategy

Trigger conditions are essential for running strategies during backtesting and live trading. The following are some of the trigger conditions provided in Algo trading:

1. Real-time quotes

1.1 Run once per candle

If you select "Run once for every 1h candle," the strategy will start at the beginning of each hour's candle instead of its end. This means the strategy will always run at the start of the trading day, coinciding with the first 1-hour candle. But it won't run at the end of the trading day. Please note that at the beginning of each candle, it's still incomplete, so only one price is available. Thus, the highest, lowest, opening, and closing prices of the latest candle will all equal the opening price.

1.2 Run once for every tick

A tick shows the details of a trade.

By selecting this option, the strategy will run once for every tick.

The frequency of the trigger depends on the underlying security's trading activity. If the security is highly active, the strategy will run more frequently. This trigger condition is ideal for real-time monitoring of a specific security to avoid missing any quotes.

Note: The tick data in backtesting is simulated based on 1-minute candles (with four trades per minute) and not actual past tick data.

2. Time intervals

If you set it to run once every 2 seconds, for example, the strategy will execute every 2 seconds, regardless of the underlying security's trading status.

3. Specific time

If you set it to run at a specific time, such as 15:50:00 ET, the strategy will run once daily at that specified time, regardless of the underlying security's trading status. This trigger condition is typically used for scenarios like "performing operations before market close each day" or "rebalancing portfolio each day".

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年頭旺到年尾

Feb 27 16:09

Review on February 27...

$Hang Seng Index (800000.HK)$ $HSI Futures Current Contract (HSIcurrent.HK)$ The day before yesterday's review mentioned that the estimated previous top of 23,700 was not the peak. Yesterday it immediately broke through, and the increase was unexpectedly close to 1,000 points, as the short-term trading underestimated the extent of the rise. Therefore, many positions were previously entered in a bearish way, but in the end, the bears exited with stop losses at the close.

Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.

Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.

Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
Support and resistance can be referenced based on spot prices.
Support levels are 23150, 23250, 2...