Order Types

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Market Order

• Execution: Immediate.
• Price: Best available price from the oracle.
• Slippage: Subject to slippage protection (default 1%).
• Use Case: When you need to enter or exit a position now.

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Limit Order

• Execution: Deferred. Triggers when Oracle Price reaches Limit Price.
• Price: Guaranteed to be at or better than your Limit Price.
• Use Case: Entering at a specific pullback level or setting a profit target.

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Stop Loss / Take Profit

• Take Profit: Closest equivalent to a Limit Sell (for Longs).
• Stop Loss: Triggers a Market Close when the price hits the loss threshold.

Limit orders and TP/SL triggers are monitored by our Keeper network. When the price condition is met, a Keeper executes the transaction onchain.