Entry market price type

When your signal does not have a price, TradersPost will fetch a quote from the broker and use the configured market price type from the strategy settings instead of using the price from the signal. By default, the Bid-ask midpoint will be used. For example, if you have limit orders configured and you send a signal without a limitPrice, then TradersPost will use the the price from the quote.

{
    "ticker": "AAPL",
    "action": "buy",
    "orderType": "limit"
}

Or if you specify a limitPrice, then that value will be used.

{
    "ticker": "AAPL",
    "action": "buy",
    "orderType": "limit",
    "limitPrice": 100
}

If the broker you are using does not support quotes, such as Tradovate, then you must always send a price in your signal. For example, if you are using market orders and you are attaching a takeProfit and stopLoss to your entry order, then you must send a signalPrice in your signal to be used to calculate other prices based on your estimated entry price.

{
    "ticker": "AAPL",
    "action": "buy",
    "orderType": "market",
    "signalPrice": 100,
    "takeProfit": {
        "amount": 10
    },
    "stopLoss": {
        "type": "stop",
        "amount": 5
    }
}

In the above example, a takeProfit.limitPrice of $110 and a stopLoss.stopPrice of $95 will be calculated based on the signalPrice of $100.