Overview
What is EMPX Limit Orders?
EMPX Limit Orders is an advanced trading system that lets you buy and sell crypto tokens automatically when they reach your target price. Think of it as setting a standing order that executes itself whenever market conditions are right – no need to watch charts all day!
How It Works
The system has three main components working together:
- You create an order: Specify what token you want to trade, at what price, and how much.
- Your tokens are held safely: The system holds your tokens in a secure smart contract until the order executes.
- Automated bots monitor prices: When your target price is reached, authorized bots execute your trade instantly.
You get the best of both worlds: the security of decentralized smart contracts combined with the convenience of automated trading.
Why Use Limit Orders?
- Set It and Forget It: No need to stay glued to your screen waiting for price movements.
- Better Pricing: Execute trades at your exact target price or better.
- Risk Management: Protect your gains or buy the dip automatically.
- Non-Custodial: You retain control and can cancel anytime before execution.