ATC Trade Types
Awesome Trades Copier - Trade Types
Awesome Trades Copier supports six order types, covering both immediate market execution and pending (conditional) orders. This page explains each one, when it's used, and how it behaves relative to the current market price.
Overview
| # | Order Type | ATC Code | Category | Direction | Triggers When |
|---|---|---|---|---|---|
| 1 | Buy Order | BUY | Market | Long | Executes immediately at current ask |
| 2 | Sell Order | SELL | Market | Short | Executes immediately at current bid |
| 3 | Buy Limit | BUY_LIMIT | Pending | Long | Price falls to a level below current price |
| 4 | Sell Limit | SELL_LIMIT | Pending | Short | Price rises to a level above current price |
| 5 | Buy Stop | BUY_STOP | Pending | Long | Price rises to a level above current price |
| 6 | Sell Stop | SELL_STOP | Pending | Short | Price falls to a level below current price |
1. Buy Order (Market)
A Buy Order opens a long position immediately at the best available market price.
Use case: You want to enter a long position right away, at whatever price the market currently offers.
2. Sell Order (Market)
A Sell Order opens a short position immediately at the best available market price.
Use case: You want to enter a short position right away, at whatever price the market currently offers.
3. Buy Limit Order
A Buy Limit is a pending order placed below the current market price. It fills only if price drops down to your specified entry level — used to buy at a better (lower) price than the current one.
Use case: You expect price to dip before reversing upward, and want to buy at the lower level rather than chase the current price.
4. Sell Limit Order
A Sell Limit is a pending order placed above the current market price. It fills only if price rises up to your specified entry level — used to sell at a better (higher) price than the current one.
Use case: You expect price to rally before reversing downward, and want to sell at the higher level rather than sell at the current price.
5. Buy Stop Order
A Buy Stop is a pending order placed above the current market price. It fills only once price breaks upward through that level — used to enter a long position on confirmed upward momentum (breakout).
Use case: You want to catch a breakout — entering long only once price proves upward strength by trading above resistance.
6. Sell Stop Order
A Sell Stop is a pending order placed below the current market price. It fills only once price breaks downward through that level — used to enter a short position on confirmed downward momentum (breakdown).
Use case: You want to catch a breakdown — entering short only once price proves downward strength by trading below support.
Summary
- Market orders (Buy / Sell) execute instantly at the current price.
- Limit orders (Buy Limit / Sell Limit) wait for a better price than the current one.
- Stop orders (Buy Stop / Sell Stop) wait for a confirmed breakout beyond the current price.