Trade Actions in the Manual Strategy Builder (MSB) encompass essential elements for executing and managing trades. These actions include submitting various types of orders and managing open positions. Key elements include:
-
Submit Market Orders: Allows for the execution of market orders with customizable properties such as action type (buy or sell), comments, time in force, position size methods, and execution mode (synchronous or asynchronous). Additional features include setting stop loss and take profit levels.
-
Submit Stop/Limit Orders: Enables the placement of stop or limit orders with specific entry prices. Properties include order action (buy or sell), order type (stop or limit), entry price, comments, time in force, position size methods, and execution mode. Users can also define stop loss and take profit levels.
-
Exit Position(s) by Market: Facilitates the closing of all open positions at market price. Users can specify whether to exit long, short, or both types of positions. Additional customizable properties include comments, time in force, and execution mode.
These trade actions provide traders with precise control over their trading strategies, ensuring they can execute and manage trades effectively within FinStudio.