> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hyperdash.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Limit Order

> Rest an order in the book and fill only at your chosen price or better.

A limit order executes only at the price you set, or better: buys at your limit price or lower, sells at your limit price or higher. You control the price; the trade is that a fill is not guaranteed.

## How it places orders

* Places a single order at your limit price, good till canceled: it works until it fills or you cancel it.
* If your price is away from the market, the order rests in the book until price reaches it.
* If your price crosses the market (a buy above the best ask, a sell below the best bid), it executes immediately at the better available prices.
* Fills can be partial, and no slippage applies: your limit price is the worst price you can receive.

## When to use it

* You want price certainty and are willing to wait for the market to come to you.
* You are bidding dips or offering into strength without watching the chart.
* You want to set an entry with Take Profit and Stop Loss attached in one ticket.

## Parameters

| Parameter                          | Description and options                                                                                | Default |
| ---------------------------------- | ------------------------------------------------------------------------------------------------------ | ------- |
| Limit Price (USD)                  | The worst price you will accept. Click **Mid** to prefill the current mid price.                       | None    |
| Size                               | In the asset or in USD, with a slider to size as a percentage of available margin at current leverage. | None    |
| Take Profit / Stop Loss (optional) | Attach TP and SL triggers by price or by gain and loss percentage.                                     | Off     |
| Reduce Only (optional)             | Shown with an open position. The order can only reduce it, never increase or flip it.                  | Off     |

The panel shows liquidation price, order value, margin required, and fees. Minimum order value is \$10.

## Example

BTC trades at \$118,400. You place a limit buy for 0.1 BTC at \$116,000: order value \$11,600, margin required \$1,160 at 10x leverage. If BTC trades down through \$116,000 you fill at \$116,000 or better. If it never gets there, the order stays open until you cancel it.

<Note>
  A buy limit placed above the current price (or a sell below it) is marketable: it begins filling immediately like a market order, capped at your limit price.
</Note>