Limit Orders
On-chain limit orders can significantly enhance your trading strategy by allowing you to automate entries and exits based on specific price conditions. Here's how to set them up:
Creating a Limit Sell Order:
Click on Sell and select the token you want to trade.
Ensure the Limit option is selected (indicated by a green check mark).
Choose the percentage of the token to sell or enter a custom amount.
Confirm your slippage settings to avoid issues with price fluctuations.
To set a Stop Loss, input your target price or percentage (e.g., -% or a price/mcap lower than the current price).
Set an expiry for your order (options include 30d for 30 days, 10s for 10 seconds, 5m for 5 minutes, 2h for 2 hours).
Creating a Limit Buy Order:
Follow similar steps: select Buy and set your limit conditions.
Confirm the slippage settings and use a target price or % increase (+%) for a stop loss if applicable.
You can also set an expiry similar to the sell order setup.
Managing Active Orders:
Access the Limit Orders section from the main screen (/start).
Close specific orders using the Close button, or choose Close All to cancel all active orders.
Limit orders provide you with greater control over your trades, ensuring that you can take advantage of favorable price movements without needing to monitor the market constantly. This feature is perfect for securing profits or minimizing losses automatically.
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