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Trading
Order Types

Order Types

The Trade Entry widget offers seven order modes. This page covers the basics — Limit, Market, Stop Loss, and Take Profit. TWAP, Scale, and Chase are covered in Advanced Orders.

Basic Order Types

Limit Order

Executes at your specified price or better.

  • You set a price; the order rests in the book until the market reaches it
  • May partially fill over time
  • Good for precise entries and avoiding slippage
Order Type: Limit
Side: Buy
Price: $49,500
Size: 0.1 BTC

By default a limit order seeds to the current mark price when you switch to Limit mode, so you're editing from market, not from zero.

Market Order

Executes immediately at the best available price.

  • You specify only the size
  • Fills instantly; price depends on book liquidity
  • May experience slippage
Order Type: Market
Side: Buy
Size: 0.1 BTC
⚠️

Market orders can slip in volatile markets or with large sizes. Use limit orders for price control.

Stop Loss & Take Profit

Both are trigger-based, reduce-only orders that close (or trim) a position when price reaches your level. They submit as market-style stops (STOP_MARKET / TAKE_PROFIT_MARKET) so they fill when triggered.

Stop Loss

Mode: Stop Loss
Trigger: $49,000
Reduce-only: yes

Take Profit

Mode: Take Profit
Trigger: $55,000
Reduce-only: yes

Attached TP/SL on entry

When placing a Limit or Market order you can attach a take-profit and/or stop-loss price. CubeTerminal places them as reduce-only orders alongside your entry, in the opposite direction, so your exits are set the moment you're filled.

Order Parameters

Price

  • Required for limit orders; must match the exchange tick size
  • Quoted in the quote currency (usually USDT/USDC)

Size

  • Enter in USD or the base asset — toggle in the widget
  • Must meet the symbol's minimum order size and step size

Side

  • Buy / Long — profit when price rises
  • Sell / Short — profit when price falls

Time in force

Limit orders accept GTC, IOC, FOK, or GTX (post-only). Selecting Post-Only forces GTX.

Reduce-only

Marks an order so it can only shrink or close a position, never flip or increase it. Stop/take-profit orders are always reduce-only.

Order Lifecycle

Limit order states

  1. New — resting in the book
  2. Partially Filled — some quantity executed
  3. Filled — fully executed
  4. Canceled — cancelled manually or via Cancel All

Market order states

  1. New — submitted
  2. Filled — executed (usually instant)

Best Practices

  • Use limit orders when you have a price target and no urgency
  • Use market orders when speed matters and liquidity is deep
  • Always pair an entry with a stop — attach TP/SL on entry so you never sit unprotected
  • Start small while learning a new symbol's liquidity and step size
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