Limit/SL/TP orders are now live on Perennial!

Perennial devs have been hard at working building the infrastructure & UI needed to enable traders to efficiently express market opinions. Today, a major addition goes live: the ability for takers to submit limit orders, stop losses, and take profits.

Each of these new orders types is structured as a trigger order under the hood, using keepers to automate order submission based upon user-defined criteria. To begin, users are now able to specify a trigger price for a position open. Then, for an open position, the users can define any number of prices at which a position is to be increased or decreased by some amount.

Try it out at app.perennial.finance/trade, and let us know your feedback.

We’ll be continuing to build a flexible toolset to make it easy for traders to automate positions changes & properly manage risk. Additionally, we’re exploring an expansion of this capability to other parts of the Perennial Labs UI, including automated position closes/withdrawals, pro maker limit/SL/TP orders, and more.