Gryps Documentation

Order Types

Complete legacy documentation content, presented in the new Gryps docs interface.

Order Types

The following order types are supported on gryps.finance.

Market

Executes immediately at the best available quote from solvers. Use for fast entry/exit when certainty of fill is more important than exact price. Slippage depends on available quotes and your size.

Limit

Executes at your chosen limit price or better when a solver can meet it. You specify a maximum (for buys) or minimum (for sells) price. If no solver can honor your price within constraints, the order won’t execute.

Take Profit / Stop Loss (TP/SL)

Configurable exit triggers for positions. When a trigger price is reached, Gryps requests quotes to close the targeted size as soon as possible. Execution remains subject to liquidity, spreads, and risk checks. TP/SL can be partial or full.

Stop Market

Converts to a market order once your stop price is touched. Useful for breakouts or emergency exits. Beware of slippage during volatile periods.

Gap example: Stop at $49,800, next trade prints $49,700 → your fill occurs near $49,700 (slippage relative to stop).

Stop Limit

Converts to a limit order when your stop price is touched. Caps slippage by enforcing a limit price. If the market gaps past your limit, execution may be partial or delayed.

Gap example: Stop at $49,800 with limit $49,780; next print $49,700 → order triggers but won’t fill at $49,780, leaving position open until price returns.

Scale

Places multiple limit orders across a price range. Distribution modes: even, skew to start, or skew to end. Useful for laddering into positions or providing passive liquidity across levels.

TWAP

Time‑Weighted Average Price. Splits a large order into smaller chunks executed at set intervals. Targets smoother execution and reduced market impact. Configure duration, slice size, and max slippage per slice.

Example: 10 BTC over 30 minutes with 60 slices → ~0.166 BTC per slice, max slippage per slice 0.3%.

When to use (quick guide)

  • Market: fast entry/exit; prioritize fill certainty.
  • Limit: precise price control; may not fill.
  • Stop Market: protect downside/ride breakouts; accept slippage risk.
  • Stop Limit: protect downside with slippage cap; risk of no fill on gaps.
  • Scale: ladder into reversals or provide passive liquidity.
  • TWAP: execute size quietly over time; reduce impact.