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Trigger Orders

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Last updated 1 year ago

nftperp traders can create conditional orders to be executed on different conditions. We currently allow the following kinds of Trigger Orders: 1) Stop Loss Order: If the price increases or decreases below a certain point, this order will be executed. For longs, it executes on a price fall, and for shorts, this kind of order executes during a price increase 2) Take Profit Order: This order closes a position at a profit when the price crosses a point. For longs, it executes on a price increase, and for shorts, this kind of order executes during a price fall. These conditional orders are 5 bps more expensive than general orders. Then, when an order is valid, trigger order keepers can execute these orders. If you are interested in becoming a Keeper, check the โ€‹โ€‹ section.

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Trigger Keepers