There are four reserved words you can use to express your trading ideas when writing
Trading Strategies. We refer to these words as trading verbs, and these are:
Trading Verb
Description
Buy
Cover all short positions and initiate a long position
Sell
Cover all long positions and initiate a short position
ExitLong
Close a long position
ExitShort
Close a short position
Each one of these orders can have four different execution methods:
... this bar on close
... next bar at market
... next bar at price stop
... next bar at price limit
You can use four different execution methods with the Buy trading verb:
... this bar on close;
... next bar at market;
... next bar at price Stop;
... next bar at price Limit;
You can use four different execution methods with the trading verb Sell:
... this bar on close;
... next bar at market;
... next bar at price Stop;
... next bar at price Limit;