Limit orders
Last updated
Last updated
Limit orders allow you to set a specific price at which you want to buy or sell a token. Instead of executing trades immediately at the current market price, you can define your ideal price and let the system handle the rest. Whether you're looking to secure profits or minimize losses, limit orders give you greater control and flexibility over your trading strategy.
Firstly you need to select the amount of $SOL you want to spend on the order. You can tap one of the preselected amounts or you can click the xSol button and input a custom amount. This way you can make sure you don't spend more than you are planning to.
If you set this to 1 $SOL, the bot will only spend up to 1 $SOL to execute the limit order.
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Set the price in $ at which your limit order should activate. If for example, you set a trigger price of $0.003, the bot will wait until the token price reaches $0.003 before executing the trade.
The order will only execute if the market price matches or is better than your specified trigger price.
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The Expiration setting determines how long your limit order remains active before it’s automatically canceled.
Use M for minutes, H for hours, and D for days to set the duration.
If the trigger price isn’t reached within the specified time, the order will be canceled automatically.
If you set an expiration of "24h", the bot will wait 24 hours for the price to hit your target. If it doesn’t, the order will be canceled.
This feature ensures your orders don’t stay open indefinitely and helps you manage your trading strategy efficiently. You can check your current orders at any time using the orders tab in the bot menu.
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