Post Limit Order

A limit order is a type of order to buy or sell a cryptocurrency at your specified price or better.

Unlike market orders, limit orders are not executed instantly at the current market price. Limit orders are executed only when a market order equal to or better than the price you specified is received.

For buy limit orders, the order will only be executed when a seller is willing to sell to you at a price that is lower than or equal to your specified buy price. For sell limit orders, the order will only be executed when a buyer is willing to buy at a price that is higher than or equal to your specified sell price.

For example, if you place a limit order to buy bitcoin at the rate of N6,500,000 per bitcoin, your order will be fulfilled only for market orders that offer to sell at N6,500,000 or less .

When to place a limit order

Place a limit order when you want to specify a price and you do not need the order to execute instantly.

Placing a limit order

You can place a limit order that shows up in the order book using the postProLimitOrder mutation.

mutation {
  postProLimitOrder(pair: btc_ngnt, quantity: 0.01, price: 26000000, side: buy, timeInForce: good_til_cancelled) {
    id
    pair
    price
    side
    status
    timeInForce
    orderType
    fees
    filled
    total
    initialBaseQuantity
    initialQuoteQuantity
    remainingBaseQuantity
    remainingQuoteQuantity
    meanExecutionPrice
    engineMessage
  }
}

Parameters

• pair: The currency pair you want to buy or sell

• quantity: The amount of the base currency you want to buy or sell

• price: The amount of the quote currency you to want to buy or sell the quantity you provided above

• side: The order side either buy or sell

• timeInForce: The timeInForce option for your order

Response

• id: Unique identifier of the order

• pair: The currency pair of the order

• price: The price the order was executed at

• side: The order side either buy or sell

• status: The status of the orderpending, in_progress, cancelled, successful, failed, partially_filled

• timeInForce: The timeInForce option of the order

• orderType: The type of the order either limit_order, market_order

• fees: The fees incurred for placing the order

• filled: The amount of the base currency that was filled

• total: An alias for initial base quantity.

• initialBaseQuantity: The initial quantity of the base currency

• initialQuoteQuantity: The initial quantity of the quote currency

• remainingBaseQuantity: The remaining base quantity that has not been filled.

• remainingQuoteQuantity: The remaining quote quantity that has not been filled. (Only applies to market buy orders)

• meanExecutionPrice: The price that an order was executed at if it matched with one other order. The average price if it matched with multiple other orders.

• engineMessage: The reason why an order failed