← Glossary · Strategy
Limit Order
An order to buy below current price or sell above it — only executes at your specified price or better.
What it is
A limit order tells the exchange: 'buy this asset, but only if price drops to X' or 'sell, but only if price reaches Y'. The order sits in the order book until filled or canceled. Pros vs market orders: better fills (no slippage), often lower fees (maker rebate vs taker fee). Cons: might never fill if price never reaches your level — you watch the move from the sidelines. Limit orders are the standard for professional entry placement: identify a key level, place the order, let the market come to you. They're also the foundation of 'laddering' (splitting one entry across 3-5 prices to average in).
Example
BTC at $76,000. You think $74,800 is strong support. Place a limit-buy at $74,800. Three hours later, BTC dips to $74,795, your order fills. BTC then rallies back to $76,500. You're already up $1,700 per BTC vs market-buyers chasing $76K.
How Indikora uses Limit Order
Indikora's manual Trade Plan supports limit, market, and conditional orders, with one-click execution to the connected exchange (KuCoin, CoinEx).
Related terms
- Market Order — An order to buy or sell immediately at the best available price in the order book.