BONKbot Limit Orders FAQ
You asked and we delivered.
Here at BONKbot we’re proud to announce the launch of brand new Limit Order features.
As well as limit order buys and sells, we’ve also integrated a trailing stop loss feature and partial fills, which are exclusive to BONKbot (other Telegram bots haven’t implemented them yet).
You’ll find limit orders on pretty much all of the world’s biggest exchanges, so it was only right that we gave your favourite Telegram trading bot the same functionality.
If you haven’t used limit orders before, they are essentially a pre-order to buy or sell cryptocurrency at a price you’re happy with.
If Bitcoin is $60,000 and you want to buy it at $50,000, you place a limit order and the buy will execute if BTC drops to that price.
There are so many benefits to using limit orders. Still, the main point is that it gives you more control over the price you buy and sell at (entry and exit points), helping to avoid overbuying or underselling during market volatility.
Limit orders also stop people from trading emotionally or making split-second decisions in the heat of the moment, which saves you from risk, wasted time, and accidents.
FAQ: BONKbot Limit Orders (Buy & Sell)
What triggers can I use for a Limit Buy or Sell order?
You can set triggers for your order using market cap (in thousands, millions, or billions), price in USD, a multiple of the current price, or a percentage change from the current price.
How do I confirm and place my Limit order?
After setting your trigger, BONKbot will show a summary of your order, including the trigger conditions. You can then confirm the order or cancel it.
Where can I see all my open orders in BONKbot?
You can view all your open orders in the “Position Management” screen. This screen displays a list of your active Buy and Sell orders, including their trigger conditions and current status. From here, you can also modify or cancel any open orders.
How do I manage my open orders in BONKbot?
All open orders can be managed from the “Position Management” screen. This feature allows you to track your orders in real-time, view their progress, and make adjustments if necessary. You can cancel orders that are no longer needed or edit the parameters of existing ones to align with your current strategy.
How do I cancel or modify an open Limit order?
Managing open limit orders can be done from the position management screen, where you’ll see your active orders listed. From there, you can cancel or modify any order.
What happens if my total open buy orders exceed my SOL balance?
BONKbot will notify you if your total open buy orders exceed your available SOL balance. Orders will be filled in the order they are triggered until your SOL runs out.
Is there a way to check the status of my open Limit orders?
Yes, you viewing and managing your open limit orders can be done from the position management screen. Each order will show its trigger conditions and progress towards being filled.
Sign Up Today & Enjoy Exclusive Features
To enjoy using all of BONKbot’s Telegram trading features, including the latest Limit Order and Trailing Stop Loss additions, sign up or log in to BONKbot now.