Order Types
Learn about different order types on AstherusEX
Last updated
Learn about different order types on AstherusEX
Last updated
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.
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.
Limit TP/SL Order (Strategy Order)
When you open a position, you can check the box next to [TP/SL] to set a take profit or stop loss price. Depending on your trading strategy, you can also set your order to be triggered based on the "Last Price" or the "Mark Price".
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.
Post Only Order
When you place a post only order, it will be added to the order book, but won’t be executed immediately. The post only order will exist as a maker order to add liquidity to the order book.