krakenfx/kraken-order-types

kraken-order-types

Use this skill for:

• choosing the right order type for a given scenario
• understanding order modifiers (post-only, reduce-only, GTC, IOC, FOK)
• constructing complex orders with stop-loss and take-profit
• batch and conditional order patterns

Spot Order Types

Market

Fills immediately at best available price. Simple, guaranteed fill, but no price control.

kraken order buy BTCUSD 0.001 -o json 2>/dev/null
kraken order sell BTCUSD 0.001 --type market -o json 2>/dev/null

Limit

Fills at the specified price or better. No fill guarantee if price never reaches the level.

kraken order buy BTCUSD 0.001 --type limit --price 50000 -o json 2>/dev/null

Stop-Loss

Triggers a market order when the price crosses the stop level.

kraken order sell BTCUSD 0.001 --type stop-loss --price 48000 -o json 2>/dev/null

Stop-Loss Limit

Triggers a limit order when the price crosses the stop level.

kraken order sell BTCUSD 0.001 --type stop-loss-limit --price 48000 --price2 47500 -o json 2>/dev/null

Take-Profit

Triggers a market order when the price reaches the profit target.

kraken order sell BTCUSD 0.001 --type take-profit --price 55000 -o json 2>/dev/null

Take-Profit Limit

Triggers a limit order at the profit target.

kraken order sell BTCUSD 0.001 --type take-profit-limit --price 55000 --price2 54800 -o json 2>/dev/null

Trailing Stop

Stop level moves with the market to lock in profits.

kraken order sell BTCUSD 0.001 --type trailing-stop --price +500 -o json 2>/dev/null

Trailing Stop Limit

Trailing stop that triggers a limit order instead of market.

kraken order sell BTCUSD 0.001 --type trailing-stop-limit --price +500 --price2 -100 -o json 2>/dev/null

Spot Order Modifiers

| Flag | Effect | |------|--------| | --oflags post | Post-only: reject if it would immediately fill (maker only) | | --oflags fciq | Fee in quote currency | | --oflags fcib | Fee in base currency | | --oflags nompp | No market price protection | | --timeinforce GTC | Good-til-cancelled (default) | | --timeinforce IOC | Immediate-or-cancel: fill what you can, cancel the rest | | --timeinforce GTD | Good-til-date: cancel after specified expiry | | --validate | Validate only, do not submit |

Futures Order Types

Market

kraken futures order buy PF_XBTUSD 1 -o json 2>/dev/null

Limit

kraken futures order buy PF_XBTUSD 1 --type limit --price 50000 -o json 2>/dev/null

Stop

kraken futures order sell PF_XBTUSD 1 --type stop --stop-price 48000 --trigger-signal mark -o json 2>/dev/null

Trailing Stop (Futures)

kraken futures order sell PF_XBTUSD 1 --type stop --stop-price 68000 --trailing-stop-max-deviation 500 --trailing-stop-deviation-unit quote_currency -o json 2>/dev/null

Futures Order Modifiers

| Flag | Effect | |------|--------| | --reduce-only | Close existing position only, never open new | | --trigger-signal mark | Trigger on mark price | | --trigger-signal index | Trigger on index price | | --trigger-signal last | Trigger on last traded price | | --client-order-id <ID> | Attach a custom ID for tracking |

Order Selection Guide

| Goal | Order Type | |------|-----------| | Buy now at any price | market | | Buy at a specific price or better | limit | | Protect downside if price drops | stop-loss | | Lock in profit if price rises | take-profit | | Trail a rising price and sell on reversal | trailing-stop | | Earn maker rebates | limit + --oflags post | | Fill immediately or not at all | limit + --timeinforce IOC |

Validation

Always validate before submitting:

kraken order buy BTCUSD 0.001 --type limit --price 50000 --validate -o json 2>/dev/null

Hard Rules

• All order placement commands are dangerous. Never execute without explicit human approval.
• Always validate with --validate before live submission.
• Use --reduce-only on futures exits to prevent accidental position flips.