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  1. Flamingo Modules
  2. TRADE

How to Place Limit Orders with OrderBook+

In this section we’ll walk you through how to make limit order trades with Flamingo’s OrderBook+.

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Last updated 2 months ago

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Things you’ll need:

  • A computer connected to the internet

  • An internet browser

  • A Neo N3 Wallet

  • Neo N3 assets for trading

  • GAS tokens (enough to cover transaction fees)

1. On Flamingo Finance, go to the Trade page.

2. If it isn’t already, select Connect to connect your wallet.

3. If you haven’t already created a Flamingo account, select + Add Account.

4. Select the Neo N3 Wallet you wish to trade from. For this example, we’ll select NeoLine.

5. Your selected wallet provider should open. Open the wallet you wish to trade from. Enter your password and select Login.

6. The wallet should close and you are now ready to make trades using Flamingo’s OrderBook+.

7. Scroll down to the OrderBook+ trade input section and select Trading Account.

8. To make trades in the OrderBook+, you’ll need to add funds to your OrderBook+ account to trade with. Select the Token Hash you wish to deposit. Enter the Amount you wish to deposit, and select Deposit. For this example we will deposit 50 USDT to trade with.

9. On your wallet, if you agree, select Yes to confirm the deposit transaction.

10. Select Done and return to the order book.

11. Go back to the Limit tab, and select a trading pair in the upper right hand side of the page, containing the tokens you deposited. In this example we’ve selected the FLM-USDT pair. You can see we deposited 50 USD into our trading account. We are now able to trade our 50 USDT against FLM.

12. In this example we will buy FLM with USDT. The price field will be auto-populated with the current price of FLM. In the FLM Price field, enter the USDT price you want to buy FLM for. In this example, we have entered a USDT price of 0.0347 per FLM. Then, in the Amount or Total field, enter either the amount of FLM you wish to buy, or enter the amount of USDT you wish to buy FLM with. In this example we will place an order with 10 USDT.

Note: Select Post only if you wish to only post the order and not have it be immediately filled. For post only orders, if you are selling, the price needs to be higher than the current price. If you are buying, the price needs to be lower than the current price. Post only orders have lower transaction fees. In this example, we will not select Post only.

13. Check over your inputs. If everything looks good, select Buy FLM.

14. On your wallet, if you agree, select Yes to confirm the transaction.

15. Your order has been placed! In this example we have placed an order to buy 267.379 FLM for 10 USDT at the price of 0.0374 each. The order will begin to fill if/when the current price matches our buy price (0.0374).

16. Scroll down and select the Open Orders tab. Here you will see:

  • The date and time your order was created

  • The trading pair your order was created for

  • The type of order you made

  • Whether the order is on the buy or sell side

  • The price of the token you are buying or selling

  • The amount you are buying or selling

  • The total amount of tokens you are buying with

  • How many tokens (being bought or sold) have been executed

  • How many tokens being bought or sold are claimable

  • Whether the order is still open or closed

  • The options to claim your tokens or cancel your order

17. After your order(s) fill, select Claim to claim your tokens on any given order. If an order hasn't filled and you wish to cancel an order or a partially filled order, select Cancel. (Select Cancel All to cancel all your current unfilled orders.)

That’s it! You now know how to place, claim, and cancel on-chain limit orders with Flamingo’s OrderBook+!