Buy Limit Orders

Buy Limit Orders in AstraDEX, powered by LOB and LOP (via 1inch), allow you to BUY tokens at your desired price, ensuring strategic and efficient trades without constant market monitoring.

What Are Limit Buy Orders?

A limit buy order allows you to purchase an asset at a specific price or lower. Unlike market orders, a limit buy order executes only when the specified price condition is met, ensuring you buy at or below your desired price. This makes limit buy orders ideal for strategic trades, enabling you to set your target price without constant market monitoring.

Steps to Place a Buy Limit Order

1. Access Buy Limit Menu:

   • From the AstraDEX TG App Trading interface, click on "Buy Limit".

   

   Buy Limit

   • A Buy Limits Menu will appear, offering two options:

     • Limit Order Bot (LOB): Use this for automated and decentralized limit order placements.

     • Limit Order Protocol (LOP): Offers advanced customization with high-performance RFQ orders.

     • You can also review your Bot Orders or Protocol Orders here.

     
2. Select Token to Buy:

   • After choosing LOB or LOP, a window will open "Token to buy".

   • Input the Contract Address (CA) or select the token you want to buy.

   
3. Define the Spending Amount:

   • Enter the amount of ETH you wish to spend. Available presets include 0.10 ETH, 0.20 ETH, or custom amounts.

   
4. Set Target Price:

   • Specify your target price:

     • Choose a percentage change (e.g., -10% or +10%).

     • Alternatively, set a target price or the exact number of tokens to buy.

     
5. Order Confirmation Window:

   • Review and adjust the following:

     • RPC: Choose between Fast, MEV, or other gas strategies.

     • Gas Fees: Set to Low, Average, or High.

     • Wallet Selection: Choose the wallet (e.g., W1, W2) for the transaction.

     • ETH to Spend: Ensure the ETH amount matches your intended spending, or

     • Number of Tokens to Buy: Verify the quantity of tokens you'll receive based on your target price, or

     • Target Price: Confirm or adjust the target price for the token. (e.g. -10% from the current market price)

     • Expiration Time: Default is 1 hour (3600 seconds). Adjust between 1 minute to 30 days as needed.

     • Slippage Tolerance: Default is 5%, but you can modify it.

     
6. Place the Order:

   • Once satisfied with the details, click Confirm an Order.

   • Your limit order is now placed and will execute when market conditions are met.

Please note! Your buy limit order may not be filled immediately or at all, depending on the market conditions and your order parameters. The following factors can affect the execution of your order:

• The market price may not reach your specified limit price within the duration of your order.

• The liquidity of the token pair you are trading may be insufficient to fill your order at your desired price.

• The gas fees required to execute your order may exceed your specified gas limit or the available balance in your wallet.

To increase the chances of your order being filled, you can adjust your limit price, increase order amount or order duration accordingly.

Please note! Protocol doesn't support ETH as input Token, use WETH instead. Use buy market to wrap/unwrap ETH (-> WETH)