Target Orders or limit orders, are key to any Investor's trading strategy. They ensure you get your preferred price, and a good night's sleep.
This article will guide you in how to enter and manage your Target Orders from within the Caleb & Brown Portal. For an understanding of what Target Orders are, see our article explaining them here.
We cover a lot in this article, so here are some links to skip ahead to key topics to help you out;
How to read the interface
The Target Orders UI allows you to enter buy or sell trades, and cancel previously entered orders. We'll explain each of these in more detail below.
This is the Target Order UI if you have no targets entered.
The screen is divided into two areas, on the left is the order form and on the right is the order table.
Order form
Order table
Order form, here you enter your buy or sell parameters
Order form checklist, detailing all fields we need from you to successfully enter your target order
Order table headers
Order table filters, use these to sort and organise your entered target orders
Target distance helps you understand how far your order is from the current market price (this updates when you refresh the page)
Cancel order, if you want to cancel an order, clicking this cancel button will cancel the target order. Upon cancelling, your allocated funds will be released after a few minutes for you to set new Target orders, or to enter a Market order via the trade page.
Entering a Target Order
Before entering your order, please check you have a sufficient balance of your chosen token or Fiat.
Once you've navigated to the Target Order's UI;
Select if you'd like to BUY/SELL
Clicking the button will toggle between the two options
Enter the token using the drop down & enter the total units
If a Sell order, please ensure you've a sufficient balance in your Caleb & Brown wallet
Enter your target price
Using the drop down, select the fiat currency or stable coin you'd like to execute the order with
For now, we only support entering target orders in Portal where one side of the order is a stable coin or fiat currency. You may still enter token to token targets via your Broker
Review your order and click NEXT
Reviewing your order
After clicking next, you will be taken to your Order Details page. Here we summarise your;
Pairing
Sell side currency/token
Quoted units
Remaining balance
Buy side currency/token
Target price
Current market price
Percentage difference between current price & market price
Expected fiat amount of the order
Fee percent paid
Total
On this page we encourage you to check all details before entering your order. If you abandon the form at this stage your target order will not be placed. You must click Place Target for the order to be submitted. If you would like to edit your order, click the red < to the left of the Order Details heading.
Once you are satisfied with your order click PLACE TARGET.
You have now successfully requested a Target Order. You will see a success message in the Portal, and you should also see your order added to the order table on the right hand side.
FAQ
Where can I see my completed Target Orders?
All completed target orders will be viewable from the Transaction page, under the Targets tab.
Can I enter any Target Order?
Currently we only support the entering of buy or sell orders within the Portal Target Order UI. This means we support any buy or sell order where one side is a stable coin or fiat currency.
If you would like to enter a Target swap order, going from one token to another token please contact your Broker and they will be more than happy to assist you.
How do I cancel a Target Order?
You can cancel your target orders by emailing your broker with the specific information of the order. Or you can request to cancel your order via the UI, by clicking the CANCEL button.
How do I know if my order is close?
When your order is close to your target, within 5% of your target price, we will display a green target icon next to the line item on the Order Table. You’ll also see the Target distance percentage will read something close to 95%.
If you have any questions, or you need assistance completing the registration form, you can ask our Product Specialist team through the Chat button in the bottom right corner of the webpage.
You can also call our support help desk on +61 1800 849 149 (Australia) or +1 (844) 494 6515 (International), from 9am to 5pm (AEST), or request we call you back by submitting an enquiry on our website.