Entry Trading Order
Direction
Buy / Long – Sends a buy order to the exchange based on the conditions you've defined in your strategy.
Sell / Short – Sends a sell order regardless of your current holdings. Note: “Short” here refers to selling, not necessarily shorting the asset.
Order Amount
K (Kilo) – 1,000 units (e.g., 50K = 50,000)
M (Million) – 1,000,000 units (e.g., 5M = 5,000,000)
Lot
Forex – 1 lot = 100,000 units (e.g., 5 lots = 500,000)
Stocks / ETFs – 1 lot = 100 units (e.g., 5 lots = 500)
All or None (AON) – The order will only execute if the full amount is available.
Order Type
(Availability may vary by exchange)
Market (MKT) – Default type; executes immediately at the current market price.
Limit (LMT) – Executes at your specified price or better. Example: Buy 100 shares of AAPL at 145.50.
Stop – A market order that triggers only if the price reaches your stop level.
Stop Limit – Combines a stop and a limit order. You must define both the stop trigger and the limit price.
Time in Force
Good Till Canceled (GTC) – Default setting; the order stays active until you cancel it.
Day – Order remains active until the end of the trading day (per exchange time zone).
Good Till Date (GTD) – You choose an exact date and time for the order to expire.
Immediate or Cancel (IOC) – The order is executed immediately (fully or partially). Any unfilled portion is canceled.
Exit Strategy Action
Close Position / Close All
Sends a market order to the exchange to close your current position. This is the only action allowed within an exit strategy.
Notification Action
Notify Me
Instead of sending an order, this action sends you an email notification when the condition is met. No order is placed on the exchange.
Note: All screenshots and examples are for technical demonstration purposes only. They should not be considered as recommendations for any specific trading strategy, nor do they constitute any form of advice. Please click here for further explanation