Types of orders used on FREE2EX

Types of orders used on FREE2EX

SIMPLE VIEW




Market - a market order is placed here and executed immediately at the current market price
Volume:  Specifies the amount of tokens you want to buy or sell. In this example, it is 0.0005 BTC, as this is the minimum amount

Limit - A limit order is placed here and will only be executed at the specified price or better 

Price: The price at which you want to buy or sell the first asset in the pair. This order will also appear in the order book.

ADVANCED (MARKET)



Slippage Control:  Slippage control sets the allowable deviation of the order execution price from the expected price. It can only be set within the limits specified in the trading conditions

ADVANCED (LIMIT)

SELL/BUY toggle:  Switches between selling (SELL) and buying (BUY)

Price:  - The price at which you want to buy or sell the first asset in the pair

Visible Volume*:  Allows you to specify the portion of the order that will be visible in the order book. This can be useful for hiding the full order volume. However, you will still see the full order volume

Expiration:  Defines the order's duration. Options include:  GTC (Good 'Til Canceled) – The order remains active until you manually cancel it.  GTD (Good Till Date) – The order remains active until a specified date, after which it will either be executed or canceled.  IOC (Immediate or Cancel) – The order executes immediately, either in full or partially. Any unexecuted portion is canceled
Notes
*Visible Volume  in limit orders is a function that allows traders to determine what portion of their limit order will be visible to other market participants in the order book. The remaining portion of the order remains hidden until the visible portion is executed.

ADVANCED (STOP)


The main difference from a Limit Order is:  
- In a Limit Order, you set a price at which you want to buy/sell and ensure it does not execute at a worse price.  
- In a Stop Order, you set a price that, when reached, activates the order, which is then executed at the market price.  

This type of order is used to minimize losses and manage risks.


ADVANCED (STOP LIMIT)


Stop Price:  The price at which the order becomes active and creates a limit order. 

Limit Price: The price at which the order will be executed once activated. The limit price can be equal to or better than the stop price.

ADVANCED (ORDER STRATEGIES)


One Cancel Other (OCO):  This order allows you to place two orders simultaneously. If one order is executed, the other is automatically canceled (e.g., placing both a buy and sell order). 

One Triggers Another (OTA):  This order consists of two orders, where executing the first order automatically activates the second order (e.g., buying at a lower price and then selling at a higher price)

Ladder of the orders: Allows placing a series of buy or sell orders at different price levels (used for averaging positions or entering the market gradually)

Order by Date (OBD): This order allows setting a specific date and time when the order will become active

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