Yes sir, your understanding is absolutely correct.
The JSON Bridge supports multiple order types apart from Strategy Orders, such as:
-Limit Order
-SL Order
-Square Off Position
-Modify Order
-Cancel Order
These order types can also be used with TradingView, MT5, or any platform capable of sending JSON data to AlgoDelta.
If you are already using a Strategy Order, you may have noticed that options like Target, Stop Loss, Trailing Stop Loss, and Exit on Opposite are already available within the Strategy Order syntax itself.
However, if you want to place a Limit Order or an SL Order separately, you can generate their dedicated JSON syntax from the Syntax Generator and use it exactly the same way you use a Strategy Order syntax.
So in simple terms:
-Strategy Order → Used for direct strategy-based execution with built-in target, SL, and trailing options.
-Limit Order → Used when you want execution only at a specific price.
-SL Order → Used for stop entry or stop-loss based execution.
-Square Off Position → Used to close existing positions through JSON commands.
If you have any doubts regarding which order type is best suited for your use case, you can also reach out to the support team for further guidance.
