Conditional Orders
Multi-signal gated entries and exits using AND/OR logic across indicators and data points.
Conditional Orders are currently in development and not yet available.
What They'll Do
Conditional Orders will let you gate trade entries and exits behind multiple indicator-based conditions, connected with AND or OR logic. Instead of watching three separate indicators and waiting for them to converge manually, you'll define what "aligned" looks like and PerpDesk will watch for you.
For example, you could require RSI to be oversold AND volume to spike AND price to touch the lower Bollinger Band before an order fires. Or use OR logic to catch whichever breakout signal triggers first.
Each condition will support its own order sizing, enabling scaled entries as signals confirm progressively.
The Problem: One Trigger Isn't Enough
Most trading platforms let you set a single condition for an order: "buy when price hits X." But real trading decisions are rarely that simple. You don't enter a position because one number crossed a threshold, you enter because multiple signals aligned at the same time.
"RSI is oversold and volume just spiked and price touched the lower Bollinger Band." That's a real setup. But on traditional platforms, you'd have to sit in front of your screen watching three separate indicators, waiting for them to converge, then manually clicking the button at the right moment. Miss the window by a few seconds and the opportunity is gone.
Conditional Orders let you define exactly the multi-signal logic that represents your setup, and PerpDesk executes it the moment all your conditions are met.
How Agents Use Conditional Orders
Conditional Orders aren't just for manual traders. PerpDesk's agents build and manage them too:
Riven (Strategy Architect) translates your strategy descriptions into conditional order logic. Tell Riven "I want to buy dips when momentum is oversold and volume confirms" and it constructs the conditions, selects the indicators, and sets the thresholds based on current market regime.
Luma (Signal Aggregator) can trigger conditional order updates when its aggregated signals shift, adjusting thresholds dynamically as market conditions evolve.
Brix (Risk Guardian) monitors your active conditional orders and flags setups where the combined leverage or position size exceeds your risk parameters before they fire.
Koda (Execution Engine) handles the actual execution when conditions are met, optimizing entry timing and minimizing slippage across venues.
Why This Matters
Traditional platforms force you to choose: either you automate with simple single-trigger orders and accept false signals, or you sit at your screen watching multiple indicators manually. Conditional Orders eliminate that trade-off. Define your full multi-signal setup once, and PerpDesk watches every tick across every indicator until your exact conditions align, then executes instantly, whether you're at your desk or not.