Sniper Orders
Set up automated order entry on market events
Overview
Sniper orders are automated, conditional orders that execute when a market reaches your target price. Instead of watching prices manually, you define the conditions and let Vezta handle execution. When the price hits your trigger, your order fires automatically.
This is a Pro-tier feature designed for traders who want to catch market dips, enter at specific probability levels, or react to price movements faster than they could manually.
How Sniper Orders Work
Set your target
Choose a market, select your side (YES or NO), and set the trigger price. For example, "Buy YES when the price drops to $0.35."
Configure the order
Specify the dollar amount you want to trade, your slippage tolerance, and an optional expiration date.
Wait for the trigger
Your sniper order enters a WATCHING state. Vezta's monitoring system checks prices every few seconds against all active sniper orders.
Automatic execution
When the market price hits your trigger, the order transitions to EXECUTING and a trade is placed on the underlying exchange. You receive a notification when it fills.
Sniper Order Settings
| Setting | Description |
|---|---|
| Market | The prediction market to snipe |
| Side | YES or NO |
| Trigger price | The price at which the order activates |
| Amount | Dollar amount to spend when triggered |
| Slippage tolerance | Maximum acceptable deviation from trigger price (default: 2%) |
| Expiration | When the sniper order expires if not triggered (default: 7 days) |
| Repeat | Whether to create a new sniper order after this one fills |
Use Cases
Catching market dips. Set a sniper order below the current price on a market you are bullish about. If a sudden sell-off pushes the price down temporarily, your order triggers and you enter at a discount.
Entering at specific probability levels. If you believe an event has a 50% chance of happening but the market is pricing it at 70%, set a sniper at $0.50. You only buy if the market corrects to what you think is fair value.
Reacting to news events. Major news can cause rapid price swings. A sniper order lets you have a standing order ready to capture sudden moves without needing to be at your screen.
Order Lifecycle
A sniper order moves through these states:
- WATCHING -- actively monitoring the market price
- EXECUTING -- trigger price hit, order being placed
- FILLED -- order successfully executed
- EXPIRED -- trigger price was never reached before expiration
- CANCELLED -- manually cancelled by you
- FAILED -- order placement failed (e.g., exchange error)
- INSUFFICIENT_BALANCE -- your account did not have enough funds when triggered
Sniper orders require sufficient balance in your account at the time they trigger, not when you create them. Make sure you maintain adequate funds for all active sniper orders.
Managing Snipers
View all your active and historical sniper orders in the trading panel sidebar. You can cancel any WATCHING sniper order at any time. Filled and expired snipers remain in your history for reference.