Order types and parameters
What you can send, and what each parameter does. These are the parameters the order gateway accepts for a perpetual order, so this is the real surface rather than a subset of the UI.
Market and limit
Market orders execute immediately against available liquidity, with the gateway deriving the execution price under its own slippage bound rather than trusting a client-supplied mark. Limit orders take an explicit price and rest until filled or cancelled.
Time in force
Limit orders default to GTC, good till cancelled, so an unfilled order stays live until you cancel it. Resting orders are listed as open orders and can be cancelled individually.
Leverage and margin mode
Leverage is set per order, with cross as the default margin mode and isolated available. Cross shares account margin across positions on that venue; isolated confines the collateral to the single position. Because margin lives on the venue, the mode applies within a venue and never across venues.
Take profit and stop loss
Both can be attached when the order is placed, either as absolute prices or as a percentage gain or loss from entry. Attaching them at placement rather than afterwards means the exit exists from the moment the position does.
Reduce-only and closing
Reduce-only marks an order as one that can only shrink an existing position, never flip it into the opposite side. Closing is a separate operation that derives side and size from your live position rather than from a number typed in, which is what stops a close from accidentally opening.
Questions
- Can I leave a limit order resting?
- Yes. Limit orders default to GTC, so they rest until filled or cancelled and appear in the open orders list until then.
- Can I set a stop loss when I open the position?
- Yes, as an absolute price or as a percentage from entry, on both market and limit orders.
- What does reduce-only do?
- It guarantees the order can only decrease your existing position. It will not open a new position or flip your side if the size exceeds what you hold.
- Does the AI agent place orders on its own?
- No. It prepares an order and stops. The order is rendered as a confirmation card and only reaches the gateway, signed by your wallet, once you confirm it.