Different Types of Spot Orders
1. Limit Orders
Example (MX Token):
Imagine you hold 10 MX tokens. With the current market price at 3.4 USDT, you want to sell at 4 USDT.
2. Market Order
A Quick Note on Slippage: Because crypto markets move fast, the final price you get might differ slightly from what you saw on the screen. For instance, if MX is trading at 2.94 USDT, 294 USDT should theoretically buy you 100 MX. However, if the price shifts even slightly between when you click "Buy" and when the order fills, you might end up with a bit more or less than 100 MX.
3. Take-Profit/Stop-Loss (TP/SL)
Limit TP/SL: Requires both a Trigger Price and a Limit Price. Once the market hits the trigger price, the system places a limit order at your predefined limit price.
Market TP/SL: Requires only a Trigger Price. Once the market hits the trigger price, the system immediately executes a market order at the best available price.
Example 1 (Limit Stop-Loss):
You hold BTC and set a Trigger Price of 110,000 USDT and a Limit Sell Price of 100,000 USDT. If the market price drops to 110,000 USDT, the system automatically places a limit sell order, attempting to sell your BTC at 100,000 USDT to cap your losses.
Example 2 (Market Take-Profit):
You hold ETH and set a Trigger Price of 5,000 USDT. When the market price rises to 5,000 USDT, the system instantly submits a market sell order, executing immediately at the best current price to lock in your profits.
4. One-Cancels-the-Other (OCO)
BTC Example:
Imagine BTC is currently trading at $96,500. You want to buy if the price dips to $90,000. However, if the price rises instead, you believe a breakout above $98,000 signals further gains, so you also want to buy at $98,100.
5. Trailing Stop Order
A Trailing Stop order is a dynamic strategy designed to help you enter the market during significant price reversals. Once the market price reaches your specified activation price, the system begins tracking. The order is triggered when the price moves against the trend by your set Trailing Percentage (calculated as Price × (1 ± Trailing %)). Upon triggering, your pre-set order is submitted to the market as either a Limit or Market order.
BTC Buy Example:
Imagine BTC is currently trading at 91,000 USDT. You expect further downside but want to "buy the dip" once a rebound confirms the bottom. You can set an activation price of 90,000 USDT, a Trailing Percentage of 5%, and a Limit Price of 89,000 USDT.
For more in-depth details, please refer to our guides: "What is a MEXC Spot Trailing Stop Order?" and "How to Use Spot Trailing Stop Orders."
6. How to Check Order History
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