> For the complete documentation index, see [llms.txt](https://docs.finandy.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.finandy.com/trading/create-order-grid/order-types/virtual-order.md).

# Virtual order

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/82fcd6a8-dcaa-43e3-8ed2-2e408804848a/image.png" alt="" width="375"><figcaption></figcaption></figure>

When the trigger price is crossed, a real order is executed, similar to a stop order.

{% hint style="success" %}
**Advantages**:

* Does not freeze funds in the wallet
* Not visible to other market participants
* Can be used to break resistance lines
  {% endhint %}

<figure><img src="/files/xlKve5l4TOvFdCsOn8LT" alt="" width="563"><figcaption></figcaption></figure>

## Order type

Upon trigger activation, the selected order type will be executed:

* **L** - Limit
* **F** - Floating
* **M** - Market

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/30031a63-1b86-4fa4-824b-5dc39bedf954/image.png" alt="" width="375"><figcaption></figcaption></figure>

## ​Trigger

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/faeead59-38b4-4cce-9868-2a4af6e15725/image.png" alt="" width="375"><figcaption></figcaption></figure>

Specify the event that will trigger real order placement:

* **Last price**\
  Currency pair last price is monitored every 2 seconds for any changes.
* **Order book**\
  Detects price changes in the best <mark style="color:red;">**bid**</mark> prices for a <mark style="color:green;">**buy**</mark> and <mark style="color:green;">**ask**</mark> prices for a <mark style="color:red;">**sell**</mark> in the order book, guarding against false price breakouts.
* **By candle's close**\
  Select candlestick range to compare closing price to trigger price.

## ​Trigger price

When the trigger price is reached, a real order is created.

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/380c00cc-1885-44a0-8667-2b57cae5ad0e/image.png" alt="" width="375"><figcaption></figcaption></figure>

{% hint style="info" %}
Set price for the limit order when trigger is activated.
{% endhint %}

For example, a buy order is created:

* Trigger price = **0.4108**
* Order price = **0.41**

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/774bce09-61ce-4b3c-aff8-8aa2f6993f2d/image.png" alt="" width="375"><figcaption></figcaption></figure>

It means, a limit order is placed at **0.41** when price reaches **0.4108**.

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{% embed url="<https://t.me/finandy>" %}