> For the complete documentation index, see [llms.txt](https://docs.tread.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tread.fi/creating-and-submitting-orders/strategies/target-time.md).

# Target Time

<figure><img src="/files/iMA8JlC9heYugY0IvwAP" alt=""><figcaption><p>Execution with Target Time</p></figcaption></figure>

The **Target Time** strategy is designed for traders who need to **execute trades around a specific future event**. It provides **precise timing control**, using a [**Target Time trajectory**](/creating-and-submitting-orders/advanced-settings/trajectories/target-time.md) to optimize execution around a designated point in time.

**How It Works**

* Traders configure two key parameters:
  * **Target Time (UTC)** – The point at which execution is most concentrated.
  * **Interval (in minutes)** – The total execution window, defining how far trades are spread before and after the target time.
* The engine follows a **normal distribution** for order execution:
  * The **mean** is the target time.
  * The **standard deviation** is **10% of the total order duration**.
  * **68% of executions** occur within the **middle 20% of the total duration**, ensuring most trades happen near the target time.

**When to Use This Strategy**

* **Event-Driven Trading** – Ideal for executing trades around **scheduled market events, announcements, or economic releases**.
* **Precise Timing Requirements** – Best when **trades must be concentrated around a specific time**.
* **Controlled Execution** – Helps **manage market exposure** within a defined execution window.

**Potential Drawbacks**

* **Market Volatility Risks** – If the market **moves unpredictably** near the target time, execution may be impacted.
* **Timing Sensitivity** – Misjudging the event’s impact or timing could lead to **suboptimal execution**.
* **Symmetric Execution** – The strategy **does not adapt to real-time market shifts**, potentially missing favorable conditions outside the set window.

This strategy is best for traders looking to **align execution with key events** while maintaining **controlled exposure and precise timing**.

#### **Target Time Configurations**

| [Trajectory](/creating-and-submitting-orders/advanced-settings/trajectories.md)               | [Target Time](/creating-and-submitting-orders/advanced-settings/trajectories/target-time.md) |
| --------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------- |
| [Passiveness](/creating-and-submitting-orders/advanced-settings/passiveness.md)               | 0.02                                                                                         |
| [Discretion](/creating-and-submitting-orders/advanced-settings/discretion.md)                 | 0.08                                                                                         |
| [Alpha Tilt](/creating-and-submitting-orders/advanced-settings/alpha-tilt.md)                 | 0                                                                                            |
| [Max OTC Percentage](/creating-and-submitting-orders/advanced-settings/max-otc-percentage.md) | 0%                                                                                           |
| [Passive Only](/creating-and-submitting-orders/advanced-settings/passive-only.md)             | Disabled                                                                                     |
| [Active Limit](/creating-and-submitting-orders/advanced-settings/active-limit.md)             | Disabled                                                                                     |
| [Reduce Only](/creating-and-submitting-orders/advanced-settings/reduce-only.md)               | Disabled                                                                                     |
| [Strict Duration](/creating-and-submitting-orders/advanced-settings/strict-duration.md)       | Disabled                                                                                     |