Position entry is sent as a market order
When a strategy produces a live signal, BadRock sends the entry as a market order. This helps avoid missing a signal while waiting for a limit order to fill.
Market entry has an important tradeoff: the final price depends on current liquidity, order book depth, and order size. The larger the order relative to pair liquidity, the higher the slippage risk.
Size and pair must fit liquidity
Before launch, review not only the test result, but also market volume, spread, order book depth, and typical execution quality for the selected pair.
On liquid instruments, market entry is usually closer to the expected price. On thin markets, even a good strategy can receive a worse entry and change the trade math.
Take profits are limit orders, stop exits by market
After entry, Terminal places take-profit orders as limits. A limit take profit fixes the planned price and should not become a random market exit.
Stop protection closes by market because in a risk event exiting the position is more important than waiting for a limit fill. This must be included in risk planning: a stop can slip, especially during sharp moves.