Types of Order
Order Types Overview
This terminal supports a robust set of order types designed for every trading style—from instant execution to advanced automation.
Core Orders
Market Order: Fills instantly at the best live market price.
Limit Order: Executes only if your specified price (or better) is reached.
Stop Market Order: Converts to a market order when your set stop price is hit—handy for locking in profits or capping risk.
Stop Limit Order: Becomes a limit order at the chosen stop price, letting you control both trigger and execution prices.
Scale Order: Deploys a ladder of limit orders across a price band, automating entries/exits at multiple levels.
TWAP (Time-Weighted Average Price) Orders
TWAP splits a large trade into timed suborders, aiming to spread impact and minimize slippage.
Fires off suborders every 30 seconds.
If liquidity is patchy or spreads are wide, remaining size is distributed among future suborders (up to 3x standard chunk), always observing a max 3% slippage.
Won’t execute during post-only sessions (e.g., system upgrades) just like standard market orders.
Order Customization Options
Reduce Only: Restricts the order to closing part of your current position. No accidental flips or increases.
GTC (Good ‘Til Canceled): Remains on the book until filled, or you cancel it.
Post Only (Maker/ALO): Order goes on the book but never matches instantly—guaranteeing maker fees.
IOC (Immediate or Cancel): Any part of the order not filled instantly is canceled on the spot.
Automated Trade Exits
Take Profit (TP): Automatically books profits by triggering a market order at your target price.
Stop Loss (SL): Protects downside by firing a market order at your chosen loss threshold.
With TP & SL, you set the trigger price, (optional) limit price, and define exactly how much of your position to manage—giving you tailored trade automation out of the box.
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