Skip to main content

​
STOP

A STOP order is triggered when the trigger_price is reached, creating a new order of the specified type. 
{
  "symbol": "PERP_NEAR_USDC",
  "algo_type": "STOP",
  "quantity": "5.5",
  "side": "BUY",
  "type": "LIMIT",
  "trigger_price_type": "MARK_PRICE",
  "trigger_price": "4.203",
  "price": "3.5"
}

​
TP_SL

For each TP_SL order placed, three algo orders are created in the Orderly system. Rules:
  • To edit a TP_SL order, send the edit request on the root_algo_order and pass both root_algo_order and child_orders as parameters. You may pass only one child_order for editing. If editing quantity, both child_orders must be passed with identical quantity.
  • Maximum 10 untriggered TP_SL orders per user.
  • Maximum 1 untriggered POSITIONAL_TP_SL order per user.

​
Market TP/SL

{
  "symbol": "PERP_NEAR_USDC",
  "algo_type": "TP_SL",
  "quantity": "5.5",
  "trigger_price_type": "MARK_PRICE",
  "order_tag": "test_tag",
  "child_orders": [
    {
      "symbol": "PERP_NEAR_USDC",
      "algo_type": "TAKE_PROFIT",
      "side": "SELL",
      "type": "MARKET",
      "trigger_price": 3.365,
      "reduce_only": true
    },
    {
      "symbol": "PERP_NEAR_USDC",
      "algo_type": "STOP_LOSS",
      "side": "SELL",
      "type": "MARKET",
      "trigger_price": 3.36,
      "reduce_only": true
    }
  ]
}

​
Limit TP/SL

TP_SL orders also support triggering Limit orders: 
{
  "symbol": "PERP_NEAR_USDC",
  "algo_type": "TP_SL",
  "quantity": 6,
  "trigger_price_type": "MARK_PRICE",
  "child_orders": [
    {
      "symbol": "PERP_NEAR_USDC",
      "algo_type": "TAKE_PROFIT",
      "side": "SELL",
      "type": "LIMIT",
      "price": 2.4,
      "trigger_price": 2.3,
      "reduce_only": true
    },
    {
      "symbol": "PERP_NEAR_USDC",
      "algo_type": "STOP_LOSS",
      "side": "SELL",
      "type": "LIMIT",
      "price": 2.1,
      "trigger_price": 1.9,
      "reduce_only": true
    }
  ]
}

​
POSITIONAL_TP_SL

{
  "symbol": "PERP_NEAR_USDC",
  "algo_type": "POSITIONAL_TP_SL",
  "trigger_price_type": "MARK_PRICE",
  "child_orders": [
    {
      "symbol": "PERP_NEAR_USDC",
      "algo_type": "TAKE_PROFIT",
      "side": "SELL",
      "type": "CLOSE_POSITION",
      "trigger_price_type": "MARK_PRICE",
      "trigger_price": 4.05,
      "reduce_only": true
    },
    {
      "symbol": "PERP_NEAR_USDC",
      "algo_type": "STOP_LOSS",
      "side": "SELL",
      "type": "CLOSE_POSITION",
      "trigger_price_type": "MARK_PRICE",
      "trigger_price": 3.95,
      "reduce_only": true
    }
  ]
}

​
BRACKET

A BRACKET order tracks a regular order and automatically closes its position with a TP_SL or POSITIONAL_TP_SL order.
TermDescription
leg_1The BRACKET order and its triggered regular order
leg_2The POSITIONAL_TP_SL or TP_SL order and their triggered child orders
Quantity behavior:
  • BRACKET + TP_SL: The TP_SL quantity is determined by the executed_quantity of leg_1.
  • BRACKET + POSITIONAL_TP_SL: The POSITIONAL_TP_SL quantity is determined by the user’s position at the time of triggering.
For BRACKET + POSITIONAL_TP_SL: - When leg_2’s POSITIONAL_TP_SL is triggered, any previously active POSITIONAL_TP_SL orders will be canceled. - If a triggered POSITIONAL_TP_SL order already exists, leg_2 will be canceled instead — ensuring only one active POSITIONAL_TP_SL order at a time. - When any regular order in leg_1 is executed, leg_1 and leg_2 are decoupled, and leg_2 becomes an independent POSITIONAL_TP_SL order.

​
BRACKET + POSITIONAL_TP_SL

{
  "symbol": "PERP_ETH_USDC",
  "algo_type": "BRACKET",
  "quantity": "0.0032",
  "side": "BUY",
  "type": "LIMIT",
  "price": "3415.9",
  "child_orders": [
    {
      "symbol": "PERP_ETH_USDC",
      "algo_type": "POSITIONAL_TP_SL",
      "child_orders": [
        {
          "symbol": "PERP_ETH_USDC",
          "algo_type": "TAKE_PROFIT",
          "side": "SELL",
          "type": "CLOSE_POSITION",
          "trigger_price": "3518.4",
          "reduce_only": true
        },
        {
          "symbol": "PERP_ETH_USDC",
          "algo_type": "STOP_LOSS",
          "side": "SELL",
          "type": "CLOSE_POSITION",
          "trigger_price": "3313.4",
          "reduce_only": true
        }
      ]
    }
  ]
}

​
BRACKET + TP_SL

{
  "symbol": "PERP_NEAR_USDC",
  "algo_type": "BRACKET",
  "quantity": "4",
  "side": "BUY",
  "type": "LIMIT",
  "price": 2.03,
  "child_orders": [
    {
      "symbol": "PERP_NEAR_USDC",
      "algo_type": "TP_SL",
      "child_orders": [
        {
          "symbol": "PERP_NEAR_USDC",
          "algo_type": "TAKE_PROFIT",
          "side": "SELL",
          "type": "LIMIT",
          "price": 2.06,
          "trigger_price": 2.05,
          "reduce_only": true
        },
        {
          "symbol": "PERP_NEAR_USDC",
          "algo_type": "STOP_LOSS",
          "side": "SELL",
          "type": "LIMIT",
          "price": 2.02,
          "trigger_price": 2.02,
          "reduce_only": true
        }
      ]
    }
  ]
}