Difference between ExitLong() and ExitLongStopMarket()

[nrgful]

Hello support team,
I am interested if there is any difference between ExitLong() and ExitLongStopMarket(), because as described in your documentation there are no difference between the two.

Best wishes.

[TradeSaber]

ExitLong():

• Will exit your Long order via market order at the current price. It is used to exit immediately.

ExitLongStopMarket():

• Will set a Stop order at the defined price. (When the price touches the Stop Order it will exit your Long position).

[nrgful]

@TradeSaber It sounds like the same.
I still cannot find a difference.

Is the difference in the arguments that we are passing to the method? Because ExitLong(): can be used at the moment when our strategy suffice some conditions. And may be the ExitLongStopMarket(): can have an argument pointing specific price level?

Is this the only difference? Because as I read the documentation, it seems these methods are executing the same type of market orders.

Best wishes

[rockmanx00]

Pretty much. ExitLong() is when you have conditions met and want to close the position immediately, like if you are using a MA crossover strategy. If the faster MA has crossed below the slower one, you want to exit at that point. ExitLongStopMarket() is when you want to specify a price, like a trailing stop that sets the SL below the low of the previous candle, or just setting up a SL after entry, if I'm understanding that correctly.