# Limit Orders
## Trading with Full Control
Olympex allows users to set Limit Orders to buy or sell assets at specific prices within defined timeframes. This feature gives users complete control over their operations, enabling them to execute trades under favorable market conditions according to their personal strategies.
Limit orders are executed automatically when the market reaches the prices set by the user.
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## Advantages of Limit Orders on Olympex
* **Precise execution:** Trades are executed only at the exact price defined by the user.
* **Automation and security:** Smart contracts ensure transparency agency, without the need to hold user funds in custody.
* **Advanced strategies**: Allows traders to optimize their activity without the need for constant market monitoring.
Limit Orders on Olympex offer a key advantage: they do not lock the user’s tokens at the time of order creation, nor do they require funds to be available at that moment. Instead, the smart contracts operate under a predefined permission scheme that only triggers when the market reaches the user-defined price.
If the user has the necessary funds in their wallet at the time of execution, the order will be succesfully processed. If not, the order is simply canceled without further implications.
It is also important to note, users are not required gas fees to create or cancel orders.
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