Order Management controls how the strategy enters and exits trades after a signal appears.
These parameters are common for all Frostmist strategies.
Trading | Entry
Controls how the strategy enters a position after a signal appears.
| Parameter | Description |
|---|---|
| Type | Market enters immediately at the best available price. This prioritizes execution, but the fill price may differ from the expected one if the market moves quickly. Limit places a limit order at the intended entry price. This gives more price control, but the order may remain unfilled if the market does not come back to that level. This is a trade-off between execution certainty and price control. |
Trading | Profit Target
Profit Target defines the level where the strategy exits a trade in profit.
When enabled, the strategy automatically places an exit order at the configured target distance. A smaller target locks in profits sooner but may cut trades short. A larger target gives the trade more room to develop, but also reduces the chance of reaching the target before the market reverses.
| Parameter | Description |
|---|---|
| Is Enabled | Turns Profit Target on or off. |
| Type | Controls how the target order is placed. Limit places a standard target order at the selected level. Market-if-touched converts to a market order when the target level is reached. This is a trade-off between execution certainty and price control. |
| Calculation mode | Defines the unit used to calculate target distance. Currency Percent Pips Ticks For example: with Percent = 4, the target is placed at 4% from entry with Ticks = 20, the target is placed at 20 ticks from entry |
Trading | Stop Loss
Stop Loss defines the level where the strategy exits a trade if the market moves against the position.
When enabled, the strategy automatically places a protective exit order at the configured stop distance. A tighter stop reduces risk per trade but can lead to more frequent stop-outs. A wider stop gives the trade more room to breathe, but increases the loss size if the trade fails.
| Parameter | Description |
|---|---|
| Is Enabled | Turns Stop Loss on or off. |
| Type | Controls how the target order is placed. Stop Market uses a regular stop-market order. Stop Market (Simulated) keeps the stop locally simulated until triggered. Trail Stop Market moves the stop as the trade develops in your favor. Trail Stop Market (Simulated) combines trailing behavior with local simulated handling. |
| Calculation mode | Defines the unit used to calculate target distance. Currency Percent Pips Ticks For example: with Percent = 4, the target is placed at 4% from entry with Ticks = 20, the target is placed at 20 ticks from entry |