> For the complete documentation index, see [llms.txt](https://docs.tinyman.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tinyman.org/trigger-orders-and-recurring-orders.md). # Trigger Orders & Recurring Orders ### Overview Tinyman is introducing two powerful trading features on its decentralized exchange: Trigger Orders (Limit Orders) and Recurring Orders (DCA). These tools allow users to trade more strategically, automate purchases, and stay fully in control — all with the speed, security, and transparency of the Algorand blockchain. ### 1. Trigger Orders #### Description A Trigger Order (also known as Limit Order) lets users buy or sell a token at a specific price. The trade will only execute if the market reaches the price set by the user, within a timeframe they choose. #### Benefits * Set your preferred price for buy/sell orders * Trade passively and strategically * Avoid constant price monitoring * Maintain full custody of funds at all times #### Expiration Options Users can choose when the order should expire: * Never * After 10 minutes * After 1 hour * After 1 day * After 3 days * After 7 days * After 30 days If the price condition is not met before the expiration, the order is canceled and the funds are returned to the user’s wallet. #### Minimum Trade Amount * $5 USD equivalent per order #### Fees * A 0.15% fee is charged when a Trigger Order is successfully executed. * TINY governors enjoy a discounted fee of 0,1%. In order to be eligible, TINY governors need to hold a TINY power of at least 5000 #### Execution Flow * When a user places a Trigger Order, the funds are locked into a dedicated smart contract. * If the price target is reached, the order is executed and tokens are sent directly to the user’s wallet. * If canceled or expired, the original funds are returned. * Partial fills: If only part of the order is filled, the user will be able to claim the completed portion at a later stage (feature coming soon). * Users can cancel the order at any time and funds will be returned to their wallet. #### Example Use Case A user places a Trigger Order to buy ALGO at $0.16, set to expire in 1 day.\ They commit $25 to the order, meeting the $5 minimum.\ If ALGO reaches $0.16 within 24 hours, the order executes automatically.\ If not, it expires and the $25 is returned. ### 2. Recurring Orders (DCA) #### Description A Recurring Order (also known as Dollar Cost Averaging) allows users to automate regular purchases of a token at predefined intervals. This strategy is especially useful for long-term accumulation and reducing exposure to short-term volatility. #### Benefits * Automate recurring token buys * Reduce impact of market volatility * Ideal for long-term investors * Fully non-custodial and on-chain #### Configuration Options Users can define: * Interval between orders: * Every minute * Every hour * Every day * Every week * Every month * Number of executions (e.g., 5 purchases over 5 days) * Price range (optional): * Users can specify a price range within which the recurring orders are allowed to execute. * This ensures that purchases are only made when the asset price is within a target zone, adding an extra layer of strategy. #### Minimum Order Amount * Each recurring execution must be at least $5 USD * The total recurring order value must be at least $10 USD * Example: If a user wants to schedule 5 recurring orders, they must commit at least $25 (5 x $5) #### Fees * A 0.15% fee is charged when a Recurring Order is successfully executed. * TINY governors enjoy a discounted fee of 0,1%. In order to be eligible, TINY governors need to hold a TINY power of at least 5000 #### Execution Flow * Full order value is deposited into a smart contract at creation * The contract executes trades at the defined intervals and within the allowed price range * After each execution, tokens are delivered directly to the user's wallet * Orders can be canceled at any time, and unused funds will be returned #### Example Use Case A user sets up a Recurring Order to buy $10 of ALGO every day for 5 days, only if ALGO trades between $0.15 and $0.18.\ They commit $50 total, satisfying the $10 minimum per execution.\ Each day, if ALGO's price is within range, $10 is used to purchase tokens.\ After 5 days or 5 successful executions, the order completes automatically. ### 3. Security Security is a top priority at Tinyman. Both Limit Orders and Recurring Orders are built on secure, transparent smart contracts. * All contracts are internally reviewed and tested * The contracts are open source * The contracts are upgradable with user consent only * Isolated smart contracts: each user has their own contract account, holding only the associated funds — no pooled risks * Users retain full control over their assets at all times * Transactions and states are fully on-chain and auditable * All orders are executed atomically, ensuring there can be no loss of funds to partial execution * Recurring Orders use the existing Tinyman Swap Router to ensure trades are made at the market price. * The contracts ensure Recurring Order executions are not at risk of sandwich attacks ### 4. Early Access for TINY Governors Tinyman prioritizes community governance. TINY Governors — users who lock TINY in governance — will get early access to both Trigger Orders and Recurring Orders. #### Eligibility * Locking at least 5,000 TINY Power is required for early access #### Additional Governance Benefits * Weekly TINY rewards for participation * Voting rights on farming rewards and protocol upgrades * Early access to future feature rollouts * Boosted staking: stake ALGO in the Stakepool, restake tALGO as a Governor, and earn additional TINY rewards on top of your ALGO staking returns ### 5. Additional Considerations * Trigger Orders & Recurring Orders are executed on a best effort basis. Off-chain components are required for triggering execution and despite redundancy these may fail to execute. * Trigger Orders might not execute even when the trigger price is reached. This can be due to a number of factors including the trigger price falling again within a short timespan, the price impact of the order and the volume of orders. * Note this is not an orderbook system. The orders are executed on the Tinyman AMM where the price moves independently of the trigger orders. * Smaller order amounts have higher probability of successful execution than larger ones.