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Order Types

When reviewing your orders.ini file in the orders folder or your Telegram notifications, you'll often see order types listed at the beginning (e.g., Buy, DCABUY). Here's what they mean:

Types of Orders

  1. BUY: The initial purchase in a trade.
  2. DCABUY: Dollar Cost Averaging buy — automatic additional purchases if the price declines after the initial buy.
  3. SELL: Executed when a trade reaches profitability.
  4. SL: Stop Loss—closes a trade to prevent further losses.