Skip to main content

How does Custom Entry Point (Limit Order) work?

Updated this week

BlackBox allows users to set a custom entry price when using limit orders, provided that the signal contains an entry price range.

By default, the system places a limit order at the midpoint of the entry range.

Example:

Signal entry range:

BTC 70,000 – 70,200

By default, the limit order will be placed at:

70,100

Custom Entry Point

Users can choose any point within the entry range by specifying a value from 0% to 100%.

Where:

  • 0% represents the first entry price

  • 100% represents the second entry price

Examples:

Entry range: 70,000 – 70,200

  • 0% → limit order price 70,000

  • 50% → limit order price 70,100

  • 100% → limit order price 70,200

Any value within the range can be selected, for example 25%, 40%, 70%, etc.

Once enabled, the custom entry price overrides the entry parameters from the signal and will be applied to all trades until the setting is disabled.

❗ Important:

Users should consider:

  • leverage used in the signal

  • trade risk

  • the probability of the limit order being filled

If the market price does not reach the limit order price, the trade will not be executed on the exchange.

Did this answer your question?