Introduction

Order options in Strategy allow users to have more control over their trading strategy. This guide focuses on two key options: Order Type and Order Direction.

Order Type

Users can choose from three options for Order Type:

• Market: accepts only market indicators.
• Limit: accepts only limit indicators.
• Neutral (default): Executes order type as specified in the original indicator.

Examples:

• If you select "Market" and receive a Market indicator, it will execute as a Market order. However, if you receive a Limit indicator, it will be ignored.
• If you select "Limit" and receive a Limit indicator, it will execute as a Limit order. However, if you receive a Market indicator, it will be ignored.
• If you select "Neutral" and receive a Market indicator, it will execute as a Market order. If you receive a Limit indicator, it will execute as a Limit order.

Order Direction

Users can choose from three options for Order Direction:

• Buy: Only executes Buy indicators, ignores Sell indicators.
• Sell: Only executes Sell indicators, ignores Buy indicators.
• Neutral (default): Executes both Buy and Sell indicators.

Examples:

• If you select "Buy" and receive a Buy indicator, it will execute the trade. If you receive a Sell indicator, it will be ignored.
• If you select "Sell" and receive a Sell indicator, it will execute the trade. If you receive a Buy indicator, it will be ignored.