Signals
Simple and powerful
Signals are derived from trading orders and effectively replicate their main features:
4 major types - BUY STOP, BUY LIMIT, SELL STOP, SELL LIMIT,
target exchange rate and
expiration term.
The parameters above are precisely what you will need to enter in prediction creation form if you choose to create a signal.
In line with trading orders logic, following inequations are to be met:
for BUY STOP and SELL LIMIT: signal rate has to exceed current (spot) exchange rate
for BUY LIMIT and SELL STOP: signal rate has to be below current (spot) exchange rate.
IQUO targets short term predictions with duration from 2 hours to 28 days - respectively, signal expiration time has to comply with these restrictions.
IQUO uses publicly available contracts for signals and quotes - with open ABI - which allows to bypass IQUO's interfaces and create predictions independently. Nonetheless this doesn't allow to circumvent applicable requirements and restrictions as they are checked at contract level.
You are free to set any rate at your discretion but you need to understand that failing to met above rules means immediate trigger of the signal and its uselessness in terms of potential reward and overall contribution to prediction picture.
Signal is undergoing a number of statuses:
pending: immediately upon creation
active: once successfully deployed to blockchain
triggered (for STOP signals only): once respective spot exchange rate hits signal rate level
in-money: this status is granted in two cases: a) for LIMIT signal - once respective spot exchange rate hits signal rate level before expiration time, b) for STOP signal - upon signal expiration if the spot is favourable for 'virtual' signal execution (ie spot rate is above BUY STOP signal rate, or spot rate is below SELL STOP signal rate)
out-of-money (for STOP signals only): if STOP signal was triggered but spot rate at expiration time went unfavourable (ie spot rate is below BUY STOP signal rate, or spot rate is above SELL STOP signal rate)
expired: granted upon expiration time if the signal was not triggered.
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