At Atani, we know that trading orders are the most essential tool that every trader has. It is thanks to them that he can carry out his operations of buying and selling cryptocurrencies in the different exchanges in which he is active. Knowing this, the Atani trading application offers support for the main trading orders.
Types of orders supported by Atani
Below, we name all the orders supported by Atani, with a brief description of the same, and a link that will direct you to a much more detailed explanation of these types of orders and how to use them within the application.
Limit Order
A limit order is one of the most basic types of trading orders available in Atani. This type of order allow you to set a buy or sell price of an asset. So, that when that point is reached, the buy or sell operation configured with the order is carried out. In this way, the trader decides at all times the limit price at which wishes to participate in the market.
Market Order
Another basic order supported by Atani is the market order. This type of trading order is intended to allow the trader to make a quick purchase or sale of assets. This order will be execute taking into account the market price of the chosen asset at the time the order is executed.
Basically, this order works because the exchanges create an average price for each asset. A price that is associated with the liquidity and the level of supply and demand for that asset. In this sense, it is very similar to a limit order. Except, that in the market order, the price is stipulated directly by the exchange and not by the trader.
Stop Loss Limit Order
When we speak of a stop loss limit order or stop limit order, we refer to a special order that seeks to unite the advantages of stop loss and limit orders in one and the same trading order.
The objective of this type of order is to create a stop price. A price which will be the marker value to trigger an attached limit order. It is this limit order that will finally carry out the buy or sell order at the price indicated by the trader.
These types of orders are very useful at times when the market fluctuates a lot, and we want to advance actions that allow us to sell or buy a certain cryptocurrency at a price according to our judgment and market analysis.
Stop Loss Market Order
This type of order is a direct derivation of the well-known stop loss limit order. In fact, both orders act identically except for one point:
- A stop loss limit order uses a stop order as a marker to generate a limit order that will be noted in the exchange’s order book.
- A stop loss market order uses a stop order as a marker to generate a market order that will be executed immediately using the market value of the asset.
Take Profit Limit Order
The take profit limit order is a type of limit order that allows the trader to set a target profit price at which to trigger a limit order that seeks to buy or sell assets maximizing the profit obtained.
Basically, this type of order consists of two parts:
- A take profit price. This price is chosen by the trader and aims to be the trigger of a limit order that will be sent to the market to be filled when the price level of the limit order is met.
- A limit order, which is the one that allows us to buy or sell the asset in question at a price chosen by the trader.
Take Profit Market Order
The take profit market order is a type of market order that allows traders to buy or sell take profit on a target profit price, activating a market order that executes the purchase or sale at the current market price of that token. This makes the take profit market order an immediate execution take profit, unlike the take profit limit market.
OCO Order
An OCO Order, also known as One Order Cancels the Other. This is a type of conditional order that allows the trader to place two trading orders at the same time. The purpose of this order is to allow the trader greater flexibility to trade in highly volatile market conditions.
The operation of an OCO Order is based on the creation of two orders. This orders are, first, a limit order, and second, a stop limit. Although there are variations, they all have one thing in common: if one order is executed, the other is not. In other words, if one of the orders is activated, this automatically leaves the second order without effect. Binance exchange offer support for this type order.
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