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