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. |
Last modified 7mo ago