Create a Custom Order

Open the Trading App and select the pool that you're looking to trade on.

Select a pool

1. Select the "Create Order" section.

   

   Create sell order
2. Decide on:

   1. Order Size: The size of your order denominated in vB

   2. Limit Price: The Limit Price at which you are selling BTC fees denominated in Sat/vB

      • If you're entering a buy position, the lower the price, the better. This is because if the index goes above the price, you profit; therefore, the lower the price, the greater the probability of the index going above it.

      • If you're entering a sell position, the higher the price, the better. This is because if the index goes under the price, you profit; hence, the higher the price, the greater the probability of the index staying under it.

   3. Order Expiration: The order will be automatically canceled if it is not filled after the expiration.

1. After setting your order's parameters, you can view a summary that includes:

   • The required payment in your wallet for your order to be valid (Note: funds will only be taken from your wallet if your order is filled by another user).

   • The range of payout you can expect from your position if this order gets filled.

2. Finally, click on the "Create Order" button to finalize the process: granting allowance & signing the order with your wallet

3. You're all set! 🎉 Wait for your order to be filled.

Next up, learn how to manage your open orders.