#Order Types

Exolane supports various order types to give you control over your entries and exits.

#Market Orders

Execute immediately at the current oracle price.

#When to Use:

• You want immediate execution
• Speed is more important than exact price
• High-confidence directional moves

#How It Works:

1. Submit order
2. Wait for oracle update (seconds)
3. Order fills at oracle price

#Example:

BTC showing: $100,000
You submit: Buy 0.1 BTC market order
Oracle updates: $100,050
You receive: 0.1 BTC at $100,050

#Limit Orders

Execute only when the oracle price reaches your specified price.

#When to Use:

• You have a specific entry/exit price in mind
• You're patient and want better execution
• Setting up trades in advance

#How It Works:

1. Set your limit price
2. Order becomes active
3. When oracle reaches price → Order executes
4. If price never reached → Order remains pending

#Long Limit Order:

Current Price: $100,000
Limit Buy: $98,000

Order fills when BTC drops to $98,000

#Short Limit Order:

Current Price: $100,000
Limit Sell: $102,000

Order fills when BTC rises to $102,000

#Stop-Loss Orders

Automatically close your position to limit losses.

#For Long Positions:

Triggers when price falls below your stop price.

Position: Long 0.1 BTC @ $100,000
Stop-Loss: $95,000

If BTC falls to $95,000 → Position closes
Maximum loss: 5% of position value

#For Short Positions:

Triggers when price rises above your stop price.

Position: Short 0.1 BTC @ $100,000
Stop-Loss: $105,000

If BTC rises to $105,000 → Position closes
Maximum loss: 5% of position value

#Setting a Stop-Loss:

1. Click on your open position
2. Select "Set Stop-Loss"
3. Enter trigger price
4. Confirm

#Take-Profit Orders

Automatically close your position to lock in profits.

#For Long Positions:

Triggers when price rises above your target.

Position: Long 0.1 BTC @ $100,000
Take-Profit: $110,000

If BTC rises to $110,000 → Position closes
Profit: 10% of position value

#For Short Positions:

Triggers when price falls below your target.

Position: Short 0.1 BTC @ $100,000
Take-Profit: $90,000

If BTC falls to $90,000 → Position closes
Profit: 10% of position value

#Setting Take-Profit:

1. Click on your open position
2. Select "Set Take-Profit"
3. Enter target price
4. Confirm

#Combined Orders

You can set both stop-loss AND take-profit on the same position:

#Example Strategy:

Entry: Long 0.1 BTC @ $100,000
Stop-Loss: $95,000 (5% max loss)
Take-Profit: $115,000 (15% target profit)

Risk/Reward Ratio: 1:3

#When Opening Position:

You can set both levels at the same time you open:

1. Enter position details
2. Enable "Stop-Loss" → Set price
3. Enable "Take-Profit" → Set price
4. Confirm order

#Order Status

#Cancelling Orders

#To Cancel a Pending Order:

1. Find the order in your orders list
2. Click "Cancel"
3. Confirm cancellation

#Notes:

• Only pending/open orders can be cancelled
• Filled orders cannot be reversed
• Cancellation takes effect on next oracle update

#Order Expiry

Limit orders remain active until:

• Price is reached (filled)
• You cancel the order
• Order expiry time (if set)

#Order Fees

#Order Execution

All orders on Exolane use oracle-based execution:

1. Submission — Order sent to network
2. Pending — Waiting for oracle update
3. Validation — Check if trigger conditions met
4. Execution — Fill at oracle price
5. Settlement — Position updated

#Advantages:

• Prevents front-running
• Fair execution for all users
• Manipulation resistant

#Considerations:

• Slight delay between submission and execution
• Price may move during this window
• Always account for potential slippage

#Order Best Practices

#1. Always Use Stop-Losses

Never open a leveraged position without a stop-loss.
It's your insurance against catastrophic loss.

#2. Set Realistic Take-Profits

Base targets on technical levels, not wishful thinking.
A 3% move is realistic; 50% is not (short term).

#3. Use Limit Orders for Better Entries

Instead of market buying at $100,000,
set a limit at $98,000 and be patient.

#4. Check Order Status

After submitting, verify your order is active.
Don't assume — confirm.

#5. Account for Slippage

Set stop-losses with some buffer.
$94,500 instead of exactly $95,000.

#Order Summary Table

#Next Steps