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 |
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