# Limit Orders

Let’s review the preferences and mechanics of creating a **Limit Order**.

***

#### **Understanding Key Parameters**

**Slippage** and **Target Price** may seem confusing at first, so here’s how they work:

* These two parameters do **not combine** like simple addition.\
  Instead, they are **applied sequentially** during the order process.
* **Target Price**:\
  This is the **trigger**. When the market reaches this price, the order is **sent to the blockchain** for execution.
* **Slippage**:\
  This applies **only after the order is triggered** and execution begins.\
  It defines the **acceptable price gap** during the short window of execution on the blockchain.

Think of slippage as a **buffer zone** in case the market price changes slightly between the trigger and actual execution.

<div align="center"><figure><img src="/files/IyIS0twzyxBwBrpab5F0" alt="" width="428"><figcaption></figcaption></figure></div>

***

#### **Expiry Parameter**

You can set the **order expiration period** to:

* **1 day**
* **3 days**
* **7 days**

After the selected time, if the order hasn't executed, it will be **automatically cancelled**.

***

#### **Placing a Limit Order**

Once you've set:

* **Target Price**
* **Slippage**
* **Amount**
* **Expiry Time**

Tap the **CREATE LIMIT ORDER** button to finalize and submit your order.

<div align="center"><figure><img src="/files/moQQrYEor9aETDldybId" alt="" width="455"><figcaption></figcaption></figure></div>

***

#### **Managing Active Orders**

All your active limit orders are listed in the **ORDERS** section.

<div align="center"><figure><img src="/files/C1kbzuguQxM6V2nJXKWr" alt="" width="455"><figcaption></figcaption></figure></div>

Here, you can:

* View **detailed parameters** of each order
* **Cancel** any active order at any time

<div align="center"><figure><img src="/files/XbsS90VgO0MnD5BW8XuW" alt="" width="452"><figcaption></figcaption></figure></div>


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