Dexible's Order Types

Knowing the difference between the order types and when to harness them.

Dexible will by default try to auto-split the input amount of tokens into rounds. We call this property a "segmented" order. Any order type can be segmented. Segmented orders respond to market conditions to determine their execution timing.
Type
What it does
Best For
Quoting
Market
Getting an order done right away
Simplicity
Reflects current market conditions
TWAP
Moving a lot of volume relative to the liquidity and minimizing market impact.
Moving a lot of volume while maximizing output based on policies
Reflects current market conditions.
Limit
Triggers a swap so long as an asset is above/below a price threshold
Getting great prices
Estimates for when the limit price activates will change expected outcomes
Stop Loss
Triggers a full swap order whenever a price threshold is met.
Emergency position entrances/exits
Estimates for when the stop price activates will change expected outcomes
Trailing Stop Loss
Triggers a swap after the price rate falls by a certain percentage.
Automated fallback outof a position
Estimates for when the stop price activates will change expected outcomes
Take Profit
Triggers a market order given a profit percentage above spot.
Exiting a position in a timely fashion after upward momentum.
Estimates for when the profit percentage activates will change expected outcomes
Stop Limit
Triggers a price bound limit order after prices initially dip to capture upward momentum.
Betting on a dip.
Estimates for when the limit price activates will change expected outcomes
​
The TWAP duration = the expiration time
If your goal is...
Do
To exit the market as quickly as possible
Use market orders with relative gas.
To exit the market without paying high gas fees
Use market order with fixed gas.
To wait until the market meets your price, but when it does, make sure you execute 
Use limit order with relative gas
To wait on two conditions both from the market and gas prices
Use limit order with fixed gas
To protect yourself from a sudden drop in the price
Use a stop-loss order with relative gas
To sell out of a position after a price trigger so long as it's not too costly
Use a stop-loss order with fixed gas.
To move a lot of capital over some time period
Use a TWAP order.
​

Referrals

Segmented Market

Last modified 7mo ago

Type	What it does	Best For	Quoting
Market	Getting an order done right away	Simplicity	Reflects current market conditions
TWAP	Moving a lot of volume relative to the liquidity and minimizing market impact.	Moving a lot of volume while maximizing output based on policies	Reflects current market conditions.
Limit	Triggers a swap so long as an asset is above/below a price threshold	Getting great prices	Estimates for when the limit price activates will change expected outcomes
Stop Loss	Triggers a full swap order whenever a price threshold is met.	Emergency position entrances/exits	Estimates for when the stop price activates will change expected outcomes
Trailing Stop Loss	Triggers a swap after the price rate falls by a certain percentage.	Automated fallback outof a position	Estimates for when the stop price activates will change expected outcomes
Take Profit	Triggers a market order given a profit percentage above spot.	Exiting a position in a timely fashion after upward momentum.	Estimates for when the profit percentage activates will change expected outcomes
Stop Limit	Triggers a price bound limit order after prices initially dip to capture upward momentum.	Betting on a dip.	Estimates for when the limit price activates will change expected outcomes

If your goal is...	Do
To exit the market as quickly as possible	Use market orders with relative gas.
To exit the market without paying high gas fees	Use market order with fixed gas.
To wait until the market meets your price, but when it does, make sure you execute	Use limit order with relative gas
To wait on two conditions both from the market and gas prices	Use limit order with fixed gas
To protect yourself from a sudden drop in the price	Use a stop-loss order with relative gas
To sell out of a position after a price trigger so long as it's not too costly	Use a stop-loss order with fixed gas.
To move a lot of capital over some time period	Use a TWAP order.