Limit orders
Name your price and let the order wait in the book.
A limit order trades only at your price or better. It waits in the order book until someone trades with it, until it expires, or until you cancel it.
Place a limit order
- Open a market and tap Limit order.
- Choose what to do: buy or sell an outcome.
- Send a price in cents, for example
45. The bot shows the best bid and the best ask, and the step that prices move in. - Send a size: a number of shares, for example
20, or a dollar amount. - Choose how long the order stays open: until cancelled, a number of hours, or a custom time such as
3d. - Read the confirm screen and tap Confirm.
Post-only
Turn Post-only on when the order must wait in the book. If it would trade at once at your price, it is not placed.
If your price crosses the book
A buy price at or above the best ask, or a sell price at or below the best bid, trades at once. The confirm screen tells you when that is the case.
See and cancel
/orders lists your open orders. Cancel one, or cancel all of them.
Limits
- Each market has a smallest order size. The bot tells you when an order is below it.
- There is a ceiling on how many limit orders you can have open at the same time.
- During your free period, the bot may limit how long a limit order can stay open. It tells you the limit when you choose the time.
A limit order may never fill. If the market does not reach your price, nothing is traded.
Still stuck? Write to us: support@polygotrade.com