Trade Order Types

The following trade order types are used by Sentient Trader:

Long Entry - buy to enter a long trade. In Sentient Trader all entry orders are stop orders, and so a long entry order will be placed above the current price, and will be triggered if price reaches that level. If price does not reach the order level, then no entry is effected and no trade is opened.
Short Entry - sell to enter a short trade. In Sentient Trader all entry orders are stop orders, and so a short entry order will be placed below the current price, and will be triggered if price reaches that level. If price does not reach the order level, then no entry is effected and no trade is opened.
Long Stoploss - sell to exit a long trade (at a level determined as the stoploss level). Stoploss orders are also stop orders, and so a long stoploss will be placed below the current price. If price drops to that level, then the order will be effected and the trade closed.
Short Stoploss - buy to exit a short trade (at a level determined as the stoploss level). Stoploss orders are also stop orders, and so a short stoploss will be placed above the current price. If price rises to that level, then the order will be effected and the trade closed.
Long Exit - sell to exit a long trade (at a level determined as either a profit protection level, or a critical cyclic level which, if price were to cross it, would indicate that the analysis upon which the trade is based is incorrect). Exit orders are also stop orders, and so a long exit order will be placed below the current price. If price drops to that level, then the order will be effected and the trade closed.
Short Exit - buy to exit a short trade (at a level determined as either a profit protection level, or a critical cyclic level which, if price were to cross it, would indicate that the analysis upon which the trade is based is incorrect). Exit orders are also stop orders, and so a short exit order will be placed above the current price. If price rises to that level, then the order will be effected and the trade closed.
Long Take Profit - sell to exit a long trade (at a level which is determined as the target for the trade). Take Profit orders are limit orders, and so a long take profit order will be placed above the current price. If price rises to that level, then the order will be effected and the trade closed.
Short Take Profit - buy to exit a short trade (at a level which is determined as the target for the trade). Take Profit orders are limit orders, and so a shorttake profit order will be placed below the current price. If price falls to that level, then the order will be effected and the trade closed.

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