Why a Strategy Submits Only Entry Positions, Not Exits

Fact checked by
Mike Christensen, CFOA
August 1, 2024
A strategy may only submit entry positions if the correct setting for take profit and stop loss is not enabled. Make sure to activate the option to use the signal settings and verify if your broker supports bracket orders.

If your strategy includes a take profit and stop loss bracket but only submits the entry position to your broker, this could be due to how your strategy settings are configured.

Common Causes:

1. Broker Limitations: Some brokers don’t support bracket orders. In such cases, the trade may be rejected if the broker doesn’t handle the exit orders (stop loss and take profit).

2. Strategy Settings: Even if you send the stop loss and take profit parameters in your JSON payload, you need to enable the correct setting in your strategy configuration. Specifically, you must ensure that the setting to use the signal for take profit and stop loss is activated. If this setting is not enabled, the strategy will default to using whatever parameters are defined in your strategy settings, rather than those in the JSON payload.

3. Default Rules: TradersPost follows a cascading rule system. If your signal does not have specific instructions, it defaults to the strategy settings. If there are no settings defined, it defaults to the platform’s general settings.

Solution:

Ensure that in your strategy settings, you have checked the option to use the signal settings for take profit and stop loss, and confirm that your broker supports bracket orders.

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