Open Limit Orders
Last updated
Last updated
The first thing you need to do to start trading on Ethora is to connect your wallet.
Simply click on the Connect Wallet button on the Trade screen.
Ethora supports a wide range of cryptocurrency wallets which include: Metamask, Coinbase Wallet, Trust Wallet, WalletConnect, Taho, Rainbow, imToken, Ledger Live, Omni.
Check out the guide on how to activate 1 Click Trading account here.
To start trading on Ethora, you have to granting permission for the smart contract of Ethora.
Navigate to the top left corner of the interface and click on the "drop-down" menu to explore the various markets available on Ethora.
To make it even more convenient, you can use the "star" â ticker on the list to mark your favorite trading pairs and add them to your 'Favorites.' The marked pair will be bookmarked on the Favorite tab so you can easily select it next time.
Once you've chosen your preferred trading pair, go ahead and select it to open an Up/Down position.
When it comes to selecting your desired timeframe, simply head over to the trading dashboard on the left-hand side.
You can either select the recommended timeframes or choose a timeframe that suits your preferences by entering your preferred timeframe.
Kindly note that the minimum available timeframe is 3 minutes, while the maximum available timeframe extends up to 4 hours.
Enter the trade size amount. Kindly note that the maximum trade size depends on the selected asset pair.
Up till now, Ethora only supports USDC.
Once you've configured your trade parameters, ensure that you've chosen "Limit" as your order type.
When Limit order type is selected, the Price textbox is enabled for you to enter the desired trigger price.
In the Advanced settings, you can also specify the limit order expiry time. This means that if the trigger price of a limit order isn't reached within a certain predefined timeframe, the limit order will be automatically cancelled. The default limit order expiry time is set at 5 hours.
On the Trade page, you'll see two options: "Up" and "Down." Select the one that aligns with your market outlook
Choosing "Up" means you make profit when the token's price rises and incur a loss if it falls.
Choosing "Down" means you make profit when the token's price falls and incur a loss if it rises.
Once you've created a limit order, you'll find it in the "Limit Orders" tab. From there, you have the option to "Edit" or "Cancel" the order.
Edit order terms including trigger price, timeframe, order expiry, and trade direction (Up/Down).
When the limit order has not been executed yet, user has the option to cancel it.
It's important to understand that limit orders may not always be executed. This can happen for various reasons, including:
The trigger price was not reached and the limit order expired.
The mark price was reached, but there might not be enough liquidity to carry out the order.
Once an order is successfully executed, you can view it in the "Trades" tab.
