Order Types

Complete guide to order types supported by Realm

Basic Order Types

Limit Order

A limit order specifies the maximum price you're willing to pay (buy) or minimum price you're willing to accept (sell). The order will only execute at your limit price or better.

await client.placeOrder({
  market: 'RLM-PERP',
  side: 'buy',
  type: 'limit',
  price: 100.50,
  size: 10,
  timeInForce: 'GTC',  // Good-til-cancelled
});

Market Order

A market order executes immediately at the best available price. Use for fast execution when price is less important than speed.

await client.placeOrder({
  market: 'RLM-PERP',
  side: 'buy',
  type: 'market',
  size: 10,
});

Time in Force

• GTC - Good-til-cancelled (default)
• IOC - Immediate-or-cancel
• FOK - Fill-or-kill
• GTD - Good-til-date

Advanced Order Types

Stop-Loss

Triggers a market order when price reaches your stop price.

Take-Profit

Closes your position when price reaches your target.

Reduce-Only

Can only reduce an existing position, never increase it.