A market order is a buy or sell order to be executed immediately at the current market prices. As long as there are willing sellers and buyers, market orders are filled.

A limit order is an order to buy or sell an asset at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.

A stop-limit order is a conditional type of trading order that combines the features of a stop order and a limit order. The best way to understand a stop-limit order is to break it down into stop price and limit price. The stop price is simply the price that triggers a limit order, and the limit price is the specific price of the limit order that was triggered. This means that once your stop price has been reached, your limit order will be immediately placed on the order book.

Take Profit / Stop Loss Is a market order that would be executed when the price will reach a specified price. For the “Long” position the take profit price should be above the entry price and the stop-loss price should be below the entry price. For the “Short” position the take profit price should be below the entry price and the stop loss should be above the entry price.

For Take Profit, the Bid price is being monitored.

For Stop Loss, the Ask price is being monitored.

A Trader can set up to 6 Take Profit targets in bot Trading Terminal and Bot setting. Just like with a single Take Profit, a Trader can set it as an exact price or percentage. Sum of all Take Profits must be equal to 100% of the portfolio used on entering the strategy.

Trailing Stop is a market order that would be executed if the price will reach your activation price. The Trailing price is calculated as a percentage change from the entry point in the direction of your position.

Example: You started a Long position buying BTC-perp at 10,000$ with the Activation price of 1% and Trailing Stop of 5%. That means that if the price will reach 10,100$ your trailing price will be activated. The trailing amount would be 505$ (5% of 10,100$). If after reaching 10100$ the price will go down to 9,595$ the stop loss market order will be triggered and your position will be closed. If the price will continue to increase the trailing price will trail in the same direction keeping the change between the price and the trailing value of 505$

This feature is available in the Dashboard when you enter a trade, you are able to exit the position at any time with a click on the Market Close button. A market order to exit the position will be executed.

You can now easily swing your position in the opposite direction from the dashboard.

This feature is available in the Dashboard when you placed the limit order but your price was not filled and the market reversed. With a click of a button, you can execute your order using the market price.