How to Use Limit Orders Blum Code: A Complete Guide to the Blum Trading Bot

If you’re looking to automate your cryptocurrency trading and want to know how to use limit orders Blum code effectively, the Blum Trading Bot offers a seamless way to place precise trades without constant market monitoring. So, how to set up and manage limit orders with this bot? Hope my article can help you take control of your trading strategy and maximize your profits.

Getting Started with the Blum Trading Bot

To get started with the Blum Trading Bot, first open the application and decide whether you want to buy or sell a token. The bot allows you to choose tokens from an extensive list or search by entering the token’s contract address, ticker symbol, or a related link. This flexibility ensures you can quickly find the exact asset you want to trade.

Begin by typing “/start” to access the chat bar. Next, set up your Solana, Ton, and BNB wallets, as these are the most supported wallets officially compatible with Blum. Once you have completed the wallet setup, you can choose to buy or sell and then proceed to create a limit order to execute your trade. This functionality is innovative and represents a new, creative advancement in on-chain trading.

What is Blum Trading Bot?

Blum Trading Bot is an automated trading tool built on the TON (The Open Network) blockchain, designed to facilitate seamless and efficient cryptocurrency trading. By leveraging the speed, security, and scalability of the TON chain, Blum Trading Bot allows users to connect their wallets—such as Solana, TON, and BNB—and execute trades directly on-chain with confidence.

The bot uses limit orders to give traders precise control over their buy and sell prices, automating trades only when market conditions meet their predefined criteria. This integration with the TON blockchain ensures fast transaction processing and low fees, making it an attractive option for users seeking efficient and cost-effective trading automation.

By combining the power of TON’s advanced blockchain infrastructure with user-friendly features like token search, customizable trade amounts, slippage settings, and order expiry, Blum Trading Bot offers a sophisticated yet accessible platform for traders looking to optimize their strategies.

What Is a Limit Order and Why Use It?

When you select the limit order option, you gain the ability to specify the exact price at which your order should execute. Unlike market orders, which fill immediately at the current price, limit orders let you set a target price, giving you more control over your trades. You will then be able to adjust the slippage tolerance, which defines how much price variation you are willing to accept during execution. If you’re unsure, the default slippage settings usually work well.

How to Use a Trading Bot like Blum with Limit Orders and What You Can Do?

Using a trading bot with limit orders allows traders to automate their strategies with precision and efficiency. Here’s how you can leverage this powerful combination:

1. Set Up Your Trading Bot and Wallets
   First, connect your supported wallets (such as Solana, Ton, or BNB) to the trading bot. This integration enables the bot to execute trades on your behalf securely.
2. Choose Your Token and Trading Direction
   Within the bot interface, select the token you want to trade by searching via its name, ticker, or contract address. Then decide if you want to buy or sell that token.
3. Create a Limit Order
   Instead of placing a market order that executes immediately at the current price, set a limit order specifying the exact price at which you want to buy or sell. For example, you might want to buy a token only if its price drops to a certain level or sell it once it reaches a higher target price.
4. Adjust Parameters Like Slippage and Expiry
   Customize additional settings such as slippage tolerance—how much price variation you’re willing to accept—and the order expiry time, which determines how long the limit order remains active before it cancels automatically.
5. Activate and Monitor Your Orders
   Once your limit order is set, the trading bot will monitor the market and automatically execute the trade if the price conditions are met. You can track open orders and their status directly through the bot’s dashboard.

Setting Your Trade Amount and Expiry Date on Blum Trading Bot

Next, set the amount you want to trade. The Blum Trading Bot often suggests a default amount, but you can modify this to fit your trading plan. After that, specify the maximum expiry date for your limit order. This expiry defines how long your order remains active before it automatically cancels if unfilled. You can keep the default expiry or customize it according to your preferences.

Here are some steps to help you clearly understand the most important points you need to follow:

When setting up a trade with a trading bot, one of the most important steps is determining the amount you want to trade. This involves specifying exactly how many tokens or what value of the asset you wish to buy or sell. By defining your trade amount precisely, you control your exposure to the market and ensure your investment aligns with your overall strategy and risk tolerance. The trading bot uses this information to execute the correct quantity once your limit price conditions are met.

Equally important is setting the expiry date for your order. This defines how long your limit order remains active in the market. Without an expiry, your order could remain open indefinitely, which might not suit your trading plan. By choosing an appropriate expiry—whether it’s for a single day, a set number of days, or until you manually cancel—you maintain control over your trades and avoid unintended executions far into the future. Setting a clear expiry helps you stay disciplined, ensuring your trading decisions remain timely and relevant to current market conditions.

Sources from: Investopedia

Latest News from Blum Official

According to an official statement from Blum,

“We’ve been receiving many questions about the TGE.

We’re currently in active discussions with exchanges, investors, and other stakeholders to determine the best path forward in light of recent developments. All potential implications are being reviewed in coordination with our legal advisors.

To clarify, Blum is not in a position to comment on the ongoing investigation concerning Vladimir Smerkis. We respect his decision to step down as CMO in the best interests of the company.

Our priority remains building and delivering value to our users and community. We’ll share further updates as soon as we’re ready.”

This statement suggests that the Blum team is actively reassessing their plans for the Token Generation Event (TGE) due to recent developments, including an ongoing investigation involving a former executive. They are consulting with exchanges, investors, stakeholders, and legal advisors to carefully evaluate the situation and determine the best course of action moving forward.

Although no specific details or new actions have been confirmed yet, the message implies that changes or adjustments to the project’s timeline or strategy may follow this review. The team remains focused on delivering value to their users and community and promises to share updates when more clarity is available.

Conclusion: Automate Your Trading with Confidence

In conclusion, mastering how to use limit orders Blum code with the Blum Trading Bot empowers you to automate trades with precision and confidence. By selecting your token, setting slippage, trade amount, expiry, and price difference, you can place limit orders that execute automatically when market conditions align with your strategy. This makes the Blum Trading Bot an essential tool for traders seeking to combine automation with control.