Order Options

altilly Order Options

altilly offers several options when you are creating a new order. This page will attempt to explain what each option means for those users unfamiliar with some of the terminology.

Order Type

There are two types of orders. The default is limit.

Limit The order execute at the price (Limit price) that you have selected.
Market The order will execute at the best market price for the quantity you want to buy or sell.

Time In Force

This represents how long you would like the order to remain active.

Good-til-Cancelled (GTC) - The order will remain active until it is either filled or you manually cancel it.
Immediate-or-Cancel (IOC) - Only fill part of the order if it can be done immediately, and cancel any remaining part of the order that is not immediately filled.
Fill-or-Kill (FOK) - If the order cannot be immediately and completely filled, then do not fill any part of the order and cancel it immediately.
Day (Day) - The order will remain active until the of the day (UTC Midnight). At midnight, any remaining part of the order will be cancelled.
Good-til-Date (GTD) - The order will remain active until the date and time selected. At the selected day/time, any remaining part of the order will be cancelled.

Expire Time

This option will only show if you have selected the Good-til-date time in force option. This represents the day and time you would like the order to expire, if it has not already been filled.

Amount

This is the Quantity of the coin you wish to buy or sell.

Price

For limit orders, this is the price at which you would like to buy or sell the coin. The system will always match with your selected price or a better price.

Stop

Your order will remain pending, meaning it will not show on the orderbooks, until the prices in the market have reached the Stop Price you have selected.

Stop Price

When selecting a Stop, this represents the price you want the market to reach before your order becomes active.

  • For Buy orders, this price should be greater than the current market price or else it will become immediately active.
  • For Sell orders, this price should be less than the current market price or else it will become immediately active.

  • T/P - Take Profit

    Your order will remain pending, meaning it will not show on the orderbooks, until the prices in the market have reached the T/P Price you have selected.

    Take Profit Price

    When selecting a T/P, this represents the price you want the market to reach before your order becomes active.

  • For Buy orders, this price should be less than the current market price or else it will become immediately active.
  • For Sell orders, this price should be greater than the current market price or else it will become immediately active.

  • Special Notes for Stop Market & T/P Market Buy Orders

    Since we have no way of knowing what price your orders will actually execute at when the Stop or T/P market buy order is triggered, we will hold funds for the order with a price based on a 5% increase in the Stop/TP price to help prevent any overdrafts on your account. Any unused funds will be returned to your account after order execution or cancellation. Sell Stop/TP market orders do not require this additional measure.