📜 Orders & Execution

MoneyX Orders and Executions Guide
This guide provides a comprehensive overview of how to place, manage, and execute orders on MoneyX, a decentralized perpetual futures exchange on the Binance Smart Chain (BSC). Designed for users of all experience levels, this page explains the types of orders available, the execution process, and key considerations for effective trading. With support for up to 100x leverage on assets like BTC, ETH, BNB, SOL, XRP, and DOGE, MoneyX offers a robust and transparent trading environment. Below, we dive into the mechanics of orders, execution details, and risk management to ensure you can trade with confidence.
Overview of Orders on MoneyX
MoneyX supports a variety of order types to facilitate flexible trading strategies for perpetual futures. Orders allow you to open, close, or adjust positions, with execution handled by audited smart contracts for transparency and reliability. The platform supports market, limit, and trigger orders, each suited to different trading needs, and leverages BSC’s low-cost transactions for efficient execution.
Key Features

• Multiple Order Types: Choose from market, limit, or trigger orders to suit your strategy.

• High Leverage: Trade with up to 100x leverage, amplifying exposure to BTC, ETH, BNB, SOL, XRP, and DOGE.

• Low Fees: Competitive execution fees (e.g., 0.1% for opening/closing positions) and minimal BSC gas costs.

• Real-Time Pricing: Oracle-based pricing via the VaultPriceFeed (0x31086dBa211D1e66F51701535AD4C0e0f98A3482) ensures accurate executions.

• Order Management: Monitor, modify, or cancel orders directly from the MoneyX dashboard.

• Decentralized Execution: Orders are processed by the OrderBook (0x6b448DF5a0E6BcA35e76e50D9CD53BEA3caa7efa) and PositionManager (0x62dEFAA710dcd1dA4d9231E1EED1fb16c2278CCF) for trustless operation.

Supported Order Types
MoneyX offers three primary order types, each with specific use cases:

1. Market Orders:

   • Description: Execute immediately at the current market price (mark price).

   • Use Case: Ideal for quick entries or exits when speed is prioritized over price precision.

   • Execution: Processed instantly via the PositionRouter (0x065F9746b33F303c6481549BAc42A3885903fA44), subject to available liquidity.

   • Considerations: May incur slight slippage in volatile markets.

2. Limit Orders:

   • Description: Execute only when the market reaches a specified price (better than or equal to your set price).

   • Use Case: Suitable for targeting precise entry or exit prices, such as buying BTC at a support level or selling at resistance.

   • Execution: Stored in the OrderBook and executed when the mark price meets your conditions, as verified by the VaultPriceFeed.

   • Considerations: Execution is not guaranteed if the market doesn’t reach your price.

3. Trigger Orders:

   • Description: Execute automatically when the market hits a predefined trigger price, often used for stop-loss or take-profit orders.

   • Types:

     • Stop-Loss: Closes a position to limit losses if the market moves against you.

     • Take-Profit: Closes a position to lock in profits at a target price.

     • Stop-Market: Opens a new position when a price threshold is reached.

   • Use Case: Automates risk management or strategic entries without constant monitoring.

   • Execution: Managed by the OrderBook and triggered by oracle price updates.

   • Considerations: Requires careful setting of trigger prices to avoid premature execution.

How to Place and Manage Orders
Follow these steps to create, monitor, and manage orders on MoneyX. This guide assumes you’ve connected a BSC-compatible wallet (e.g., MetaMask, Trust Wallet) with BNB for gas fees and USDT/USDC for collateral.
Step 1: Access the Trading Interface

1. Navigate to https://moneyxpro.com.

2. Connect your wallet and ensure it’s set to BSC Mainnet (Chain ID: 56, RPC: https://bsc-dataseed.binance.org/).

3. Go to the Trade tab on the MoneyX interface.

Step 2: Deposit Collateral (If Needed)

1. Click Deposit in the dashboard.

2. Select USDT or USDC and enter the amount to deposit.

3. Approve the transaction in your wallet (requires BNB for gas fees).

4. Funds will appear in your MoneyX account balance, ready for trading.

Step 3: Place an Order

1. Select Asset and Position Type:

   • Choose your trading pair (e.g., BTC/USD).

   • Select Long (betting on price increase) or Short (betting on price decrease).

2. Choose Order Type:

   • Market Order:

     • Set leverage (1.1x to 100x) using the slider.

     • Enter collateral amount (e.g., $100 at 10x = $1,000 position size).

     • Click Long or Short to execute immediately.

   • Limit Order:

     • Specify your target entry price (e.g., buy BTC at $60,000).

     • Set leverage and collateral.

     • Click Place Limit Order to submit.

   • Trigger Order:

     • Select Stop-Loss, Take-Profit, or Stop-Market.

     • Enter the trigger price (e.g., stop-loss at $55,000 for a BTC long).

     • Set leverage and collateral (if opening a position).

     • Click Place Trigger Order to submit.

3. Review Details:

   • Check the estimated liquidation price, based on:
     For Long: Liquidation Price = Entry Price × (1 - (1 / Leverage) + Maintenance Margin)

   • For Short: Liquidation Price = Entry Price × (1 + (1 / Leverage) - Maintenance Margin)

   • Maintenance margin is typically 1% to cover fees and volatility.

   • Verify fees: 0.1% for opening/closing positions, plus minimal BSC gas fees.

   • Confirm available liquidity (displayed in the interface).

4. Submit Order:

   • Approve the transaction in your wallet.

   • Market orders execute immediately; limit and trigger orders are stored in the OrderBook.

Step 4: Monitor Orders

• Open Orders: View pending limit and trigger orders in the Orders tab, including:

  • Order type, asset, size, trigger price, and status.

• Positions: Monitor open positions in the Positions tab, showing:

  • Size: Total position value (Collateral × Leverage).

  • Net Value: Current value after unrealized PnL and fees.

  • Collateral: Deposited margin.

  • Entry Price: Price at which the position was opened.

  • Mark Price: Current market price, updated via VaultPriceFeed.

  • Liquidation Price: Price at which the position will be closed.

• Trades: Review executed trades in the Trades tab, including realized PnL and fees.

Step 5: Manage or Cancel Orders

• Modify Orders:

  • For limit or trigger orders, adjust the price or collateral in the Orders tab (if permitted by the platform).

  • Confirm changes with a new transaction.

• Cancel Orders:

  • Select the order in the Orders tab and click Cancel.

  • Approve the transaction to remove the order from the OrderBook.

• Close Positions:

  • In the Positions tab, click Close to exit a position fully or partially.

  • Choose Market (immediate) or Limit (specific price) for closure.

  • Confirm the transaction, paying the 0.1% closing fee and gas.

Execution Mechanics
Order Execution Process

• Market Orders:

  • Executed instantly via the PositionRouter at the current mark price.

  • Subject to slippage, minimized by the MLP liquidity pool (0x14C7E28d4Dd0D593cB2D481a7CBaF462b18a477a).

• Limit Orders:

  • Stored in the OrderBook until the mark price reaches the specified price.

  • Executed automatically when conditions are met, verified by the VaultPriceFeed.

• Trigger Orders:

  • Monitored by the OrderBook and executed when the oracle price hits the trigger threshold.

  • Stop-loss and take-profit orders close positions; stop-market orders open new positions.

• Oracle Pricing:

  • Prices are sourced from the FastPriceFeed (0x1dE47321bc0e909969Dc97484FB4949fBf19068a) and VaultPriceFeed, ensuring accurate and manipulation-resistant execution.

• Liquidity:

  • The MLP pool provides liquidity for all trades, with available liquidity displayed in the interface (e.g., $0.01 for BNB as of the provided data).

  • Large orders may be partially filled if liquidity is constrained.

Fees and Costs

• Execution Fee: 0.1% of position size for opening and closing positions.

• Borrow Fee: 0.0099% per hour on leveraged positions, charged continuously.

• Swap Fee: 0.2–0.8% for collateral conversions (e.g., USDT to USDC), if applicable.

• Gas Fees: Minimal BSC gas fees, paid in BNB, for order placement, modification, or cancellation.

• Funding Rate: Periodic fees paid between long and short traders to balance market skew, viewable on the Stats Page.

Liquidation

• If a position’s mark price reaches the liquidation price, it is automatically closed by the Vault (0xeB0E5E1a8500317A1B8fDd195097D5509Ef861de) to protect the platform.

• Liquidation fees are applied, and remaining collateral is returned to your wallet.

• Monitor liquidation prices closely, especially with high leverage (e.g., 100x).

Risk Management
Effective order management requires careful risk considerations:

• Leverage Risk: High leverage (e.g., 50x–100x) reduces the margin for price movement before liquidation. Start with low leverage (2x–5x) if new.

• Slippage: Market orders in volatile conditions may execute at slightly different prices. Use limit orders for precision.

• Market Volatility: Crypto prices can swing rapidly, impacting PnL and liquidation risk.

• Oracle Risk: Execution relies on oracle prices, which, while secure, may experience delays or discrepancies.

• Liquidity Risk: Large orders may face partial fills or delays if pool liquidity is low.

Mitigate risks by:

• Setting stop-loss orders to limit potential losses.

• Using limit orders for precise entries/exits.

• Monitoring positions and market conditions via the Stats Page.

• Maintaining sufficient collateral to avoid liquidation.

Key Contracts
Order execution is powered by audited BSC contracts:

• OrderBook (0x6b448DF5a0E6BcA35e76e50D9CD53BEA3caa7efa): Manages limit and trigger orders.

• OrderBookReader (0x07862C2F85fb0A21CB3Cb0A71623Ec4F2a026b22): Provides order data transparency.

• PositionRouter (0x065F9746b33F303c6481549BAc42A3885903fA44): Executes market orders and position changes.

• PositionManager (0x62dEFAA710dcd1dA4d9231E1EED1fb16c2278CCF): Manages position creation and closure.

• VaultPriceFeed (0x31086dBa211D1e66F51701535AD4C0e0f98A3482): Supplies real-time pricing.

• FastPriceFeed (0x1dE47321bc0e909969Dc97484FB4949fBf19068a): Enhances price update speed.

For a full list, refer to the Contracts & Security page (to be developed).
Monitoring and Analytics

• Dashboard: Track open orders, positions, and trade history in the Orders, Positions, and Trades tabs on moneyxpro.com.

• Stats Page: View platform-wide metrics like trading volume, liquidity, and funding rates at https://stats.moneyxpro.com.

• Chart Positions: Visualize price movements and order triggers directly in the trading interface.

Getting Support
For assistance or to engage with the community:

• Join the BESC LLC Portal on Telegram for real-time support and updates.

• Follow @bescllc for news and announcements.

• Visit moneyxpro.com for platform access.

Next Steps
Ready to trade? Head to moneyxpro.com, deposit collateral, and place your first order. Monitor your positions and orders on the dashboard and stay informed via Telegram or the Stats Page.