~~Title: Limit Entry Loop~~
{{tag>guides}}
==== Example for LIMIT Entry Loop with Market Fallback ====

<alert type="warning" icon="fa fa-bullhorn">It is always recommended to use testnet/sandbox first!</alert>

<codedoc code:ini>
#~~codedoc:clean: update balance & cache current price (for slippage check)~~

update
#~~codedoc:clean: only use cached balance from here on to have quantity % resolve consistently~~

cachedbalance
jumpdelay=0
 
:limitLoop
#~~codedoc:clean: place post-only limit order using leftover quantity from last canceled order in this alert or the specified quantity as fallback (used for first run!)~~

#~~codedoc:clean: accept a maximum of 0.5% price slippage against us (compared to cached price from start of alert), otherwise jump to "badPrice"...~~

#~~codedoc:clean: retry for a maximum time of 5 minutes (since start of alert), if not fully filled till then but we have a pos jump to "main", otherwise jump to "tooLong"...~~

[side]=YOUR_QUANTITY% lev=YOUR_LEVERAGE post leftover price=[-]0.25 maxslip=0.5% ifslip=badPrice id=entry maxtime=5m iftimepos=main iftime=tooLong
delay=10s
cancel id=entry save ifnone=posCheck #~~codedoc:clean: if all filled we are done => go to "posCheck", otherwise save leftover quantity for next run~~

do=limitLoop

#~~codedoc:clean: price went too much against us, check if we have partial position and continue with "main", otherwise exit!~~

:badPrice  
ifpos=main side=[side]
exit

#~~codedoc:clean: limitLoop took to long to get an entry, open leftover quantity (or all, if no partial fill occured before) with market order~~

:tooLong  
[side]=YOUR_QUANTITY% lev=YOUR_LEVERAGE market leftover
#~~codedoc:clean: Note: replace the line above with "exit" if you do NOT want to fallback on a market order!~~

#~~codedoc:clean: for safety give market order a few sec till its fully there~~

delay=2s goto=main
 
:posCheck
#~~codedoc:clean: in case the post-only order was just canceled (=no position yet), try again.. ~~

ifnopos=limitLoop side=[side]

:main
#~~codedoc:clean:## place SL and TP here ###~~

</codedoc>
''Quantity, leverage, stoploss and takeprofit have to be adjusted to your strategy / personal needs!''

<callout type="warning" icon="true">
=== Attention ===
Always double check that you are using the right syntax/alert!
</callout>