What order types are supported?

When your bot detects a potential investment opportunity, it will attempt to initiate a position. Orders will be directed to your brokerage account using market, limit, "middle of", or advanced order features.

A market order establishes the price at the most favorable bid or ask, depending on whether you are initiating or terminating a position. Market orders ensure execution, although they do not ensure a specific price as a limit order would.

A limit order is a predetermined price that is submitted to the market and will only be executed at that price or a higher one. While limit orders will not be executed at a price lower than the limit, it is important to note that execution is not guaranteed.

"Middle of" orders enable you to establish a price that is determined by the most favorable bid, most favorable offer, and the midpoint between these two prices:

The advanced order features enable the setting of limit prices either above or below the bid, mid, or ask, either as a percentage or an amount.