If you go through your orders.ini in the orders folder or your Telegram notifications, you may always see Order types at the beginning (e.g. Buy, DCABUY) and you are wondering what it means, we explain it to you here.
- BUY: This is the initial buy. (The first purchase of the trade.)
- DCABUY: This is the dollar cost average buy. (The buy that happens after the init buy if the price falls.)
- SELL: This is the sell after a profitable trade.
- SL: SL is stop loss, meaning that a losing trade has been closed.