Limit Orders

Strikebot Limit Orders: Take Control of Your Trades

Strikebot enables users to set Limit Orders for buying and selling tokens on Ethereum and Solana. Limit Orders allow a trader to specify the conditions under which a trade should be executed. This ensures your trades are completed only when your target price or desired market conditions are met, providing precise control over your trading strategy.

What Are Limit Orders in Strikebot?

• Limit Buy: Specify a price below the current market price to buy a token. The bot will only execute the order when the token's price drops to your defined level.

• Limit Sell: Specify a price above the current market price to sell a token. The bot will execute the order when the token's price reaches your target.

Using these features, you can ensure your trades align with your preferred strategy without having to monitor the market constantly.

Limit Buy: Buying Below the Market Price

A Limit Buy order allows you to purchase a token at a price lower than the current market price. By setting a Limit Buy order, you instruct Strikebot to wait until the token’s price falls to your specified level before executing the trade. This ensures you only buy the token at a price you’re comfortable with, aligning with your trading strategy and minimising overpaying during market volatility.

Example: If the current price of a token is $100 and you want to buy it at $90, you set a Limit Buy order at $90. Strike Bot will monitor the market and automatically execute the order when the token’s price drops to $90.

How to Set Up a Limit Buy in Strike Bot

1. Start a Trade: Open Strike Bot in Telegram and type /buy or select the Buy option from the menu.

2. Enter Token Details: Provide the token's contract address or ticker symbol.

3. Click on Limit Buy: in the first row of buttons between "Swap" and "Strategies", you'll see Limit Buy.

4. Set Your Limit Price: Define the price at which you want to buy the token. This price must be lower than the current market price.

5. Confirm and Activate: Confirm your order. Strike Bot will monitor the market and automatically execute the trade when the token’s price meets your specified conditions.

Limit Sell: Selling Above the Market Price

A Limit Sell order enables you to sell a token at a price higher than the current market price. With a Limit Sell order, Strike Bot ensures the trade is executed only when the token reaches your target price, allowing you to lock in profits or meet your desired selling conditions.

Example: If the current price of a token is $100 and you want to sell it at $120, you set a Limit Sell order at $120. Strike Bot will track the market and execute the order when the token’s price rises to $120.

How to Set Up a Limit Sell in Strike Bot

1. Start a Trade: Open Strike Bot in Telegram and type /sell or select the Sell option from the menu.

2. Enter Token Details: Provide the token’s contract address or ticker symbol.

3. Click on Limit Order Sell: In the first, row first button, you'll see "Limit Order Sell."

4. Set Your Target Price: Define the price at which you want to sell the token. This price must be higher than the current market price.

5. Confirm and Activate: Confirm your order. Strike Bot will track the market and execute the sell order once the token reaches your defined price.

Why Use Limit Orders in Strikebot?

• Precision: Execute trades at your desired price points, avoiding unfavourable market conditions.

• Automation: No need to monitor the market constantly—Strike Bot handles everything for you.

• Control: Define exact entry and exit points for your trades, aligning with your strategy.

By integrating Limit Orders into your trading routine, Strike Bot provides the tools needed for precise, strategic, and stress-free trading.