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Order Types

The following order types are supported on gryps.trade.

Market​

Executes immediately at the best available quote from solvers. Use for fast entry/exit when certainty of fill is more important than exact price. Slippage depends on available quotes and your size.

Limit​

Executes at your chosen limit price or better when a solver can meet it. You specify a maximum (for buys) or minimum (for sells) price. If no solver can honor your price within constraints, the order won’t execute.

Take Profit / Stop Loss (TP/SL)​

Configurable exit triggers for positions. When a trigger price is reached, Gryps requests quotes to close the targeted size as soon as possible. Execution remains subject to liquidity, spreads, and risk checks. TP/SL can be partial or full.

Stop Market​

Converts to a market order once your stop price is touched. Useful for breakouts or emergency exits. Beware of slippage during volatile periods.

Gap example: Stop at $49,800, next trade prints $49,700 → your fill occurs near $49,700 (slippage relative to stop).

Stop Limit​

Converts to a limit order when your stop price is touched. Caps slippage by enforcing a limit price. If the market gaps past your limit, execution may be partial or delayed.

Gap example: Stop at $49,800 with limit $49,780; next print $49,700 → order triggers but won’t fill at $49,780, leaving position open until price returns.

Scale​

Places multiple limit orders across a price range. Distribution modes: even, skew to start, or skew to end. Useful for laddering into positions or providing passive liquidity across levels.

TWAP​

Time‑Weighted Average Price. Splits a large order into smaller chunks executed at set intervals. Targets smoother execution and reduced market impact. Configure duration, slice size, and max slippage per slice.

Example: 10 BTC over 30 minutes with 60 slices → ~0.166 BTC per slice, max slippage per slice 0.3%.

When to use (quick guide)​

  • Market: fast entry/exit; prioritize fill certainty.
  • Limit: precise price control; may not fill.
  • Stop Market: protect downside/ride breakouts; accept slippage risk.
  • Stop Limit: protect downside with slippage cap; risk of no fill on gaps.
  • Scale: ladder into reversals or provide passive liquidity.
  • TWAP: execute size quietly over time; reduce impact.