Can Take Profit Be a Limit Order and Stop Loss a Market Order?
You can configure a take profit as a limit order and a stop loss as a market order in TradersPost, either through strategy settings or dynamically via webhooks using JSON messages.
Yes, you can absolutely set up your take profit as a limit order and your stop loss as a market order in TradersPost. This flexibility is built directly into the platform, allowing you to manage risk and reward according to your trading style.
Strategy Settings
In your strategy settings, there are separate sections for configuring take profit and stop loss. For the stop loss, you have several options, including stop market and stop limit orders, as well as trailing stop options. For take profit, similar flexibility exists, and you can choose a limit order type to ensure your position closes at your desired profit level.
Customization via Webhooks
Additionally, if you don’t want to predefine these settings, you can send these instructions through JSON messages using webhooks. This allows you to dynamically set the order types based on changing market conditions, providing even greater control.
