BitMake Futures currently support 8 order types

BitMake Futures currently support 8 order types

1. Limit Order

2. Market Order

3. Take Profit Limit Order

4. Stop Limit Order

5. Take Profit Market Order

6. Stop Market Order

7. Trailing Stop Order

8. Post Only Order

1. Limit Order

A limit order allows you to buy or sell at a specified price or better. A buy limit order will execute at or below the specified limit price. A sell limit order will execute at or above the specified limit price. Note that a limit order is not guaranteed to execute.

2. Market Order

A market order will immediately match against the best available price in the order book. The execution price of a market order is the limit price of orders in the order book. Slippage can occur, meaning your execution price may differ from expectations.

3. Take Profit Limit Order

A take profit limit order is a conditional order over a time range that triggers a trade at a specified take profit price. Once the take profit price is reached, it will execute a buy or sell at the limit price or better.

4. Stop Limit Order

A stop loss limit order is a conditional order over a time range that triggers a trade at a specified stop loss price. Once the stop loss price is reached, it will execute a buy or sell at the limit price or better.

5. Take Profit Market Order

A take profit market order functions similarly to a limit order with take profit, using the take profit price as the trigger condition. But it triggers a market order when the take profit price is reached.

6. Stop Market Order

A stop loss market order functions similarly to a limit order with stop loss, using the stop loss price as the trigger condition. But it triggers a market order when the stop loss price is reached.

7. Trailing Stop Order

A trailing stop loss order allows traders to place preset orders at a defined percentage distance away from the market price as it fluctuates. As long as prices continue to move favorably for the trader, a trailing stop loss maintains the opening position and locks in profits.
Note that a trailing stop loss does not move in the opposite direction. Once prices move a defined percentage against the trader, it will execute at market price.

8. Post Only Order

When you place a post only order, it will rest in the order book but not immediately execute. Post only orders are for liquidity providers to add volume to the order book.