Why was my Limit order not executed?
Your Limit Order might not have been executed due to any one of the following reasons:
- The order will not be executed if the coin has not reached the limit price you have set.
- The quantity of the asset you require is not available in the market at your set limit price.
- If the quantity of the coin available in the market is lower than the quantity you require, the order will be partially executed.
- The market volatility resulted in rapid price variations. This in turn will result in a sudden increase in transactions making it harder for the exchanges to match the supply with the demand, i.e., the exchanges cannot provide enough liquidity.
- These orders end up in a pending state and will be executed when the market price reaches the limit price the next time around.
Why Is My Limit Order Executed at a Different Price?
- The graph depicts the coin’s indicative pricing over a minimum of a one-hour time period in the 1-Day chart.
- The coin could have reached a very high or low price within this one-hour period, which would not be seen on the graph.
- The limit order is triggered when the buy price falls below the limit price you set.
- As it’s exceedingly improbable that a seller will sell the coin at the precise price you’ve specified during this time, we’ll match your order to the best available price and complete it.
Why didn't my limit order get executed even though the price shows on the graph?
- On an exchange, orders get executed on a "first come, first serve" basis (queue system).
- Which means, if multiple bids are placed at the exact same price and there is only one offer to counter them, the order that was placed first will be executed first.
- It follows a "price-time priority" principle for both orders and quotes.
- Whenever an order is placed at any exchange, it's given a timestamp, which is then used to prioritise your orders.
Why was my limit order cancelled?
- A cancelled order is a previously submitted order to buy or sell crypto that gets cancelled before it executes on an exchange.
- If your order is "Immediate or Cancel", after the order matches against the book, any remaining shares will be cancelled back.
- Similarly, if you place a "Fill or Kill" order, you are instructing the exchange to either execute the entire order or cancel it back to you if all sizes cannot trade.
- The duration of your order could also result in a cancellation if it has not been filled by the expiration date.