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  1. Token Trading

Limit Sell Orders

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Last updated 7 months ago

FAQ

Why didn't my limit order trigger?

A limit order may not have triggered for multiple reasons:

  1. The limit order takes into consideration the price impact of your potential swap. Even if the market price moved close to the trigger, it may be that your order would move the price out of trigger range.

  2. Swaps for that token may have been executed before you in the block, thereby affecting the token price and causing your order to fail.

What is the maximum expiry time for a limit order?

There is no limit on the expiry time you can use.

Why isn't my token in the list of available tokens to sell?

Each token balance must be worth at least 0.01 ETH to appear in the list of sellable tokens. On the ETH network, selling tokens worth less than 0.01 ETH will rarely be worth the gas costs.

What types of limit sell order are available?
  • Take Profit: Enter a positive percentage for the Price Change (e.g. "50%").

  • Stop Loss: Enter a negative percentage for the Price Change (e.g. "-20%").

  • Trailing Stop Loss: Not available yet.

Interface

  • Sell Amount - Percentage amount of the token you intend to limit sell.

  • Expiration - The amount of hours before the order expires and is automatically cancelled.

  • Trigger Price - Percentage change or price for the limit sell order to trigger. The percentage change can be either a positive or negative number, with the negative number functioning as a stop loss and the positive number functioning as profit-taking mechanism.

  • Gas and Slippage - Choose between auto slippage and auto gas, or custom slippage or custom gas, depending on the needs of your trade.

  • Delete Existing Order(s) - Each limit order you create is presented in a numbered list under Limit Orders, listed on the home page. To delete a limit order, simply click the red x (❌) next to the limit order you wish to delete, and it will delete. An example is given below.

  • Select Tokens & Add Order - Go to the home page, then click on 'Sell'. Upon doing that, you will be redirected to your positions. Click the token you wish to sell, and then select limit order.


  • Existing Order(s) - Each new limit order you create is added to this list, which gives a summary of each order. You can find this list under 'Limit Orders,' which can be found on the main menu.


  • Select Order To Delete - Click the red x (❌) next to limit order you want to cancel.


  • Sell Limit - Return to the sell limit menu.

  • Main Menu - Return to the main menu.

The tokens in your wallets will be listed beneath the sell panel. Under 'Token Balances,' the 24H % price change and value in USD ($) are listed alongside each position.

Limit Sell Order - Make sure 'Limit Order' is toggled to on (see red box in the above photo). Limit orders function as a mechanism for taking profit or as a stop loss.

Price - Set the trigger price to the $ you want your limit sell order to trigger (i.e., setting the limit order at $0.25 will make your limit sell order execute when the token's price hits $0.25).

Expiry - Set how long the limit order before it cancels. Users can set the expiration in minutes, hours, and days, depending on their preference.


  • The example above is a limit sell order for taking profit. If the order does not hit the trigger price ($0.25) in 100 hours, the order will automatically be canceled.

  • The example above is for a limit sell order functioning as stop losses. The limit sell order is set below the token's current price and will only trigger when the price hits or goes below the trigger price, which in the example above is $0.19. If the token does not hit $0.19 within 100 hours, the transaction will automatically be voided.


  • View Limit Orders - Below the sell panel, click 'Limit Orders' (see red rectangle) to view existing limit orders.

  • Canceling Limit Orders - To cancel existing limit orders, under 'Action' (see blue box), click the red text that is to the right of the expiration date.

📤
Telegram Bot: Main screen
Telegram Bot: Existing Limit Orders
Telegram Bot: Delete existing order
Telegram Bot: Limit order triggered
Limit sell panel
Limit sell order example: Taking profit
Limit sell order example: Stop loss
View existing limit orders