Trade Orders

Trade orders are orders that Sentient Trader generates to implement the trading methodology that you choose to work with. They are generated whenever Sentient Trader wishes to communicate an order that should be placed with a broker, whether that order is the result of Sentient Trader's automatic trading functionality, or an order that has been generated as a result of a manual trading action performed by you.

Trade Orders are presented with the following details (which details are presented depends on the context):

Accept/Cancel Order: This is a box presented in the scan trading report window which allows you to tell Sentient Trader whether you would like to accept a new order (in which case it will be added to the chart which generated it), or cancel an existing order (in which case it is removed from the chart).
ID: Every order generated by Sentient Trader is identified by a number. This ID number allows you (and Sentient Trader) to keep track of a particular order and avoid confusion when it comes to cancelling or modifying the order.
Type of order: Several order types are used by Sentient Trader.
Symbol: This is the symbol for which the trade should be made. In fact it is taken from the name of the chart (defined in the trading settings of the chart), which is by default the symbol provided by the data provider, but you could change it to anything you like, something to consider when naming your charts.
Number: The number of shares/contracts/lots that should be bought or sold. This number is calculated by Sentient Trader using the trading settings that you specify for each chart.
Price: The price level at which the order should be placed. Note that for an entry order, this is the entry level. For an exit order (either general exit, stoploss or take profit) this is the price level for the exit.
Stoploss: If the order is an entry order, then this is the level at which a stoploss order should be simultaneously placed (if possible, otherwise immediately upon entry). Note that if the order is a stoploss order then this column will show a price of 0. That is because the actual stoploss level is given in the Price column.
Target: This is the target for the trade, the price level to which Sentient Trader expects the trade to extend to. Unlike the stoploss level, this is not always placed as an actual order, but is provided purely as an indication of where the trade is expected to culminate. Even if you will be setting a take profit exit for the trade, that should only be done after the trade has been entered, at which time Sentient Trader will calculate a more accurate target to be used for the take profit exit. If the order is a take profit order then this column will show a price of 0. That is because the actual take profit level is given in the Price column.
Risk amount: This is the theoretical amount of money that will be risked by taking this trade, and is calculated on the assumption that entry is effected at the specified entry level, and that an exit is effected at the specified stoploss level. Bear in mind that in reality there is likely to be some slippage, and so you might be risking more than this. It is important to know before entering a trade what is the amount that you will be risking on the trade.
Date: This is the date (and time if intraday) of the last available bar of data at the time that Sentient Trader generated the trade order.
Expires: Because orders are generated as a result of cycles in the market, there is a time at which the trade becomes invalid. This is the expiry date of the order. If the trade order has not been effected by that date then it is cancelled (Sentient Trader does this for you, in other words it will issue a cancel order advice).
Action Type: This is the action element of the action signal which generated the order.

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