Why LIMIT entry orders were created instead of MARKET?
When creating a signal, it's essential to set the entry range based on the total volume to be invested by the group and ensure that this volume is placed within the entry range. By following this practice, we guarantee that MARKET orders will be created for the signal.
However, in cases where the volume wasn't taken into account during signal creation or there is no booking for MARKET orders, LIMIT orders will be generated with the highest price of the entry range. These LIMIT orders will remain open, pending booking, until the first target of the signal is reached.
Once target 1 is hit, the entry order is canceled for security reasons. This mechanism prevents the order from executing at the wrong time, for instance, during a sudden price fall followed by a stop loss, which could lead to undesirable outcomes.
Even after the entry order is canceled, the signal remains active, and you will continue to be notified. This is done so that you still have the possibility to manually enter the signal if you see fit, allowing you to actively manage your trades and make informed decisions.