Entry Trading Order
Buy / Long - Sends a buy order to the exchange on your behalf, based on the strategy you’ve defined.
Sell / Short - Sends a sell order to the exchange on your behalf, regardless of your actual holdings (in this case, “short” is slang for sell and doesn’t necessarily entail shorting the asset).
K - Kilo / 1,000 (50K = 50,000)
M - Millions / 1,000,000 (5M = 5,000,000)
Lot - Forex Lot = 100,000 (5lots = 500,000) & Stocks, ETFs Lot = 100 (5lots = 500)
All Or None (AON) - The order will be executed only if the entire order amount is available.
Order types may vary based on the exchange that the order is sent to.
Market (MKT) - A market order is the default order type unless otherwise defined.
Limit (LMT) - A limit order allows you to set a maximum rate for a buy order or a minimum rate for a sell order. Can be used implicitly; e.g. Buy at 145.50 100 shares of AAPL (145.50 stands for the limit rate)
Stop - A stop order allows you to define a market order that will be activated only if the price reaches a higher rate for a buy order or a lower rate for a sell order.
Stop Limit - A stop-limit order is a combination of a stop order and a limit order. You will have to define both the limit rate and stop PX rate.
Time In Force:
Good Till Canceled (GTC) - GTC is the default time in force unless otherwise defined. Orders set to GTC will have no expiration date or time.
Day - The order will be valid until the day’s end, with “end” defined by the exchange’s time zone.
Good Till Date (GTD) - Allows you to set the expiration date and time for the order.
Immediate Or Cancel (IOC) - The limit order will be executed immediately if market conditions allow. Otherwise, it will be canceled immediately.
Close Position / Close All
Sends the exchange a market order to close a position. Used within the Exit Strategy as the only possible action.
The strategy will notify you by email and will not send any order to the exchange.
*Please note that all screenshots and examples are only shown for the purpose of a technical demonstration and should not in any way be construed as recommending any type of trading strategy and they do not constitute any form of advice. Please click here for further explanation.