Orders
Order Types
Palmswap offers different order types, Limit orders, Market orders, Take profit orders and Stop market orders, to meet the trading needs of traders.
Order Types | Definition | Execution |
Market Order | Traders enter their leverage and position size, but not the execution price. | The order will be executed immediately. |
Limit Order | Traders enter their leverage, position size and the order price. When the mark price reaches the set order limit price, the order will be executed. | When the Mark Price reaches the order price, the order will be executed. |
Take Profit Order | Traders enter their take profit trigger price and the position size. As soon as the mark price reaches the trigger price, the take profit order will be executed. | When the Mark Price reaches the trigger price, the Take Profit order will be executed. |
Stop Market Order | Traders enter their Stop trigger price and the position size. As soon as the mark price reaches the trigger price, the stop loss order will be executed. | When the Mark Price reaches the trigger price, the Stop loss order will be executed. |
More about Orders
There are two types of pending orders available in Palmswap Exchange:
Unlinked Orders - this order type is a new position awaiting execution that is not related to any existing open or pending positions
Linked Orders - this order is associated (linked) to an existing open or pending position (there may be more than one linked order to any single existing position)
Viewing Linked Orders
A linked order is created when a position is created with take profit and stop loss, or when take profit and stop loss are created for an open position. These can be viewed by clicking on Orders in the TP/SL column. In the dropdown linked orders are displayed and can be clicked to get a better view.
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