Order types

Pro Mode Order Types (OrderBook Mode Perpetual Contracts)

Limit order: A limit order lets you place an order at a specific price or a more favorable price. However, there's no guarantee that a limit order will be filled.

Please note that Limit buy orders are executed if the price of the asset hits the limit price or falls below that price.

Limit sell orders are executed if the price of the asset hits the limit price or rises above that price.

Market order: A market order is a buy or sell order that gets filled right away at the best price currently available on the market.

Stop Limit Order : A stop limit order is a conditional order over a set timeframe, executed at a specified price after a given stop price has been reached. Once the stop price is reached, it will buy or sell at the limit price or a better price than the limit price you set.

Stop Market Order: Similar to a stop limit order, a stop market order uses a stop price to trigger the trade. However, when the stop price is reached, it’d trigger a market order.

Trailing Stop Order: A trailing stop order allows traders to place a pre-set order at a specific percentage away from the market price when the market swings. It locks in profit by enabling a trade to remain open and continue to profit as long as the price is moving in the favorable direction.

Please note that a trailing stop order does not move back in the other direction. When the price moves in the opposite direction by a specified percentage, it will be executed at market price.

Order Options:

• Reduce Only: An order that reduces an existing position, rather than opening a new one in the opposite direction.

• Good Til Canceled (GTC): An order that remains on the order book until it is either filled or canceled.

• Post Only: A type of order that adds liquidity to the order book. It will not execute immediately but will be placed as a maker order.

• Immediate or Cancel (IOC): An order that is canceled if it is not filled immediately.

• Take Profit (TP): An order that triggers when the price reaches your set profit target.

• Stop Loss (SL): An order that triggers when the price reaches your set loss threshold.

Note: Take Profit and Stop Loss orders are commonly used by traders to set profit targets and limit losses. These orders are automatically executed as market orders, but you can set a limit price and configure the position size for TP or SL orders.