yejiming 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
--validatebefore live submission. - Use
--reduce-onlyon futures exits to prevent accidental position flips.