Limit Order

The NFD Trading Bot offers the possibility to set Limit Orders, automating your strategy by executing trades at preset price points. Limit orders help you to secure profits and limit losses automatically. The bot also has limit orders, which allow you to purchase tokens automatically when they reach your desired price targets.

Take Profits and Stop Losses

For Manual Buys, this type of limit orders can be configured in Presets, while for Scraper and Copy Trading functions you set them up during the creation of new tasks. The settings are identical across all these features, and it will be explained in detail below.

To start with the settings, press on the "Limit Orders" button

Then click on "Take Profit" or "Stop Loss"

Take Profit is an order, which gets triggered when the desired profit level is reached.

You can specify what percentage of your position you wish to sell, at what profit level, and with what slippage tolerance. Tip: you can set up multiple Take Profit orders to complete sells by so-called ladder strategy - for example, sell 20% when the price reaches 2x from your entry (percentages are being calculated based on the current amount of tokens you have), sell 50% when it hits 3x your entry, and set up the last sell for 100% when it reaches 10x your entry

Stop Loss acts as protection to ensure you don’t lose more than you're willing to.

For this type of orders, you can establish what amount of your position to close, at what percentage of decline in value, and with what slippage tolerance.

Limit orders for buying

You can use it, if you want to buy the token only when your conditions are met, but don't want to monitor charts. This type of limit orders can be set up from the menu, which opens once you send a contract address to the bot (as you do for a Manual Buy)

To create a limit order for purchasing the token, you need to specify the following parameters:

• Buy Amount: Set the amount you wish to spend

• Slippage: Define your maximum acceptable price deviation

• Expiry: Set how long your limit order will remain active

• Price Trigger Type: Choose between Market Cap or Price-based triggers

After configuring these parameters, tap on the "Create Limit Order".

You can also set up a Limit Order for selling from this page, if you have this token on your balance. Press on "Switch to Sell" button and specify your parameters:

• Sell Amount: Set the percentage of your tokens you wish to sell

• Slippage: Define your maximum acceptable price deviation

• Expiry: Set how long your limit order will remain active

• Price Trigger Type: Choose between Market Cap or Price-based triggers

After configuring these parameters, tap on the "Create Limit Order".

You can manage all your active Limit Orders from the main menu or by sending /orders command in a direct message to the bot