Enumeration OrderType

A market order is an order to buy or sell a specified quantity of an asset at the best available current price.

Characteristics:

• A market order requires specifying the quantity in base terms to be traded
• For market buy orders:
  • The trade executes immediately for the specified quantity at the current best available sell price.
• For market sell orders:
  • The trade executes immediately for the specified quantity at the current best available buy price.
• Market orders prioritize speed of execution over price and are filled using the best available prices until the order quantity is met.
• Since market orders are filled immediately, they always remove liquidity from the order book and are subject to taker fees.
• Market orders do not enter the order book as they do not have a price specified and are executed at the current market rate.

See

request RestRequestOrderTypeMarket

The interface that provides the necessary request parameters to create a market order when calling the RestAuthenticatedClient.createOrder method.

A limit order is an order to buy or sell a specified quantity of an asset at a price that is equal to or more favorable than a given threshold.

Characteristics:

• A limit order requires specifying the quantity to be traded (in base terms) and the limit price (in quote terms).
• For limit buy orders:
  • The trade executes up to the specified quantity, provided the market price is at or below the provided limit price.
• For limit sell orders:
  • The trade executes up to the specified quantity, provided the market price is at or above the limit price.
• Limit orders that are priced to cross the existing spread execute immediately and remove liquidity from the order book
  • (i.e. buy orders priced above the current lowest sell price, or sell orders priced below the current highest buy price)
• Any unfilled portion of a limit order enters the order book, adhering to the specified timeInForce constraints and the maker trade minimum requirements as detailed in Kuma API Documentation - Minimums.

See

• request RestRequestOrderTypeLimit

  The interface that provides the necessary request parameters to create a limit order when calling the RestAuthenticatedClient.createOrder method.

• enum TimeInForce

  An enum which can be used when defining the timeInForce request parameter.

A stop-loss market order is an order to buy or sell a specified quantity of an asset when its price moves past a particular point, ensuring a higher probability of achieving a predetermined entry or exit price, limiting the traders loss or locking in a profit. Once the stop price is reached, the stop-loss order becomes a market order.

Characteristics:

• A stopLossMarket order requires specifying the following request parameters:
  • quantity to be traded (in base terms)
  • the stop triggerPrice (in quote terms)
  • triggerType (enum: TriggerType) which determines the price type for the provided triggerPrice.
• Activation:
  • The order is not active and will not execute until the market price reaches the specified trigger price.
• Execution:
  • Once activated, it executes as a market order at the current best available price.
• Purpose:
  • This type of order is used to limit losses or protect profits in a position.
• stopLossMarket orders are subject to slippage in fast-moving market conditions.
• These orders do not guarantee an execution at or near the trigger price.

See

• request RestRequestOrderTypeStopLossMarket

  The interface that provides the necessary request parameters to create a stopLossMarket order when calling the RestAuthenticatedClient.createOrder method, including trigger price and type.

• enum TriggerType

  An enum that should be used when providing the triggerType parameter to provide inline IDE completion and documentation.

A stopLossLimit order is an order to buy or sell a specified quantity of an asset at a specified limit price, only after the asset's price has reached a specified stop price.

• When the stop price is reached, the stop-loss order becomes a limit order to buy or sell at the limit price or better.

Characteristics:

• A stopLossLimit order requires specifying the following request parameters:
  • quantity to be traded (in base terms)
  • the stop triggerPrice (in quote terms) at which the order is triggered
  • and the limit price at which the order should execute.
  • triggerType (enum: TriggerType) which determines the price type for the provided triggerPrice
• Activation:
  • The order is not active and will not execute until the market price reaches the specified trigger price.
• Execution:
  • Once activated, it becomes a limit order that will only execute at the specified limit price or better.
• Purpose:
  • This type of order is used to limit losses or protect profits in a position while providing control over the price at which the order fills.
• Stop-loss limit orders provide precision in execution price but are not guaranteed to execute if the market does not reach the limit price.
• These orders can help prevent slippage by setting a specific limit price at which the order can execute.

See

• request RestRequestOrderTypeStopLossLimit

  The interface that provides the necessary request parameters to create a stopLossLimit order when calling the RestAuthenticatedClient.createOrder method, including trigger price, type, and limit price.

• enum TriggerType

  An enum that should be used when providing the triggerType parameter to provide inline IDE completion and documentation.

A takeProfitMarket order is an order to sell or buy a specified quantity of an asset when its price reaches a specified profit target, ensuring a profit can be realized. Once the take-profit price is reached, the take-profit order becomes a market order.

Characteristics:

• A takeProfitMarket order requires specifying the following request parameters:
  • quantity to be traded (in base terms)
  • the take-profit triggerPrice (in quote terms) at which the order is triggered.
  • triggerType (enum: TriggerType) which determines the price type for the provided triggerPrice
• Activation:
  • The order is not active and will not execute until the market price reaches the specified trigger price.
• Execution:
  • Once activated, it executes as a market order at the current best available price.
• Purpose:
  • This type of order is used to lock in profits when the asset's price reaches a level that satisfies the trader's profit target.
• takeProfitMarket orders are subject to slippage in fast-moving market conditions.
• These orders do not guarantee an execution at or near the trigger price.

See

• request RestRequestOrderTypeTakeProfitMarket

  The interface that provides the necessary request parameters to create a takeProfitMarket order when calling the RestAuthenticatedClient.createOrder method, including trigger price and type.

• enum TriggerType

  An enum that should be used when providing the triggerType parameter to provide inline IDE completion and documentation.

A take-profit limit order is an order to sell or buy a specified quantity of an asset at a specified limit price, only after the asset's price has reached a specified profit target. When the take-profit price is reached, the take-profit order becomes a limit order to sell or buy at the limit price or better.

Characteristics:

• A take-profit limit order requires specifying the quantity to be traded (in base terms), the take-profit triggerPrice (in quote terms) at which the order is triggered, and the limit price at which the order should execute.
• Additionally, the triggerType must be specified, indicating the price type for the trigger price (e.g., "last" or "index").
• Activation:
  • The order is not active and will not execute until the market price reaches the specified trigger price.
• Execution:
  • Once activated, it becomes a limit order that will only execute at the specified limit price or better.
• Purpose:
  • This type of order is used to lock in profits when the asset's price reaches a level that satisfies the trader's profit target, while providing control over the price at which the order fills.
• Take-profit limit orders provide precision in execution price but are not guaranteed to execute if the market does not reach the limit price.
• These orders can help prevent slippage by setting a specific limit price at which the order can execute.

See

• request RestRequestOrderTypeTakeProfitLimit

  The interface that provides the necessary request parameters to create a takeProfitLimit order when calling the RestAuthenticatedClient.createOrder method, including trigger price, type, and limit price.

• enum TriggerType

  An enum that should be used when providing the triggerType parameter to provide inline IDE completion and documentation.

A trailingStopMarket order is an order that allows you to sell or buy at the market price once your asset has moved unfavorably by a specified distance (the trailing amount) from its peak price achieved after order placement.

• It's designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the favorable direction, but closes the trade if the price changes direction by a specified trailing amount.

Characteristics:

• A trailingStopMarket order requires specifying the following request parameters:
  • quantity to be traded (in base terms)
  • the activation triggerPrice (in quote terms) at which the order is triggered.
  • triggerType (enum: TriggerType) which determines the price type for the provided triggerPrice
  • (Coming Soon: callbackRate%, conditionalOrderId for added flexibility options)
• Activation:
  • The order is active immediately upon placement, but the trigger price is dynamic and trails the peak price by the specified trailing amount.
• Execution:
  • If the asset's price moves unfavorably by the trailing amount from its peak price, the order becomes a market order and executes at the current best available price.
• Purpose:
  • This type of order is used to secure profits while maintaining a position that could potentially benefit from further price movement.
• trailingStopMarket orders are subject to slippage in fast-moving market conditions.
• These orders do not guarantee an execution at or near the trigger price once activated.

See

• request RestRequestOrderTypeTrailingStopMarket

  The interface that provides the necessary request parameters to create a trailingStopMarket order when calling the RestAuthenticatedClient.createOrder method, including trailing amount and trigger type.

• enum TriggerType

  An enum that should be used when providing the triggerType parameter to provide inline IDE completion and documentation.