# Chase

Places a limit order at the best bid or ask and continually adjust its price to follow the quote until the order is cancelled, filled, or a maximum chase ‘distance’ is reached.

You can run multiple simultaneous chase orders and monitor them in the [Orders](/documentation/application-elements/orders.md) component.

**Chase To** sets the maximum acceptable adverse price for your order. For example, if choosing 0.5% with an initial entry of 10,000 the chase function continually adjusts the order price up to 10,000 + 0.5% = 10,050 (in case of a buy order). For convenience the red and green boxes below preview the maximum possible adverse price for each side.

<figure><img src="/files/Ed23Iq0DizeEtrKCXHYg" alt=""><figcaption></figcaption></figure>

**Switches:**

* **Until Fill/Cancel** - Infinite chase. “Chase To” price is disabled and the order will continue to adjust until the operation is cancelled by the user or the order is filled
* **AGGR** - Toggle AGGR to make it chase the opposite side quote +/- 1 tick - instead of the top/bottom of your own side of the book.
* **Keep Order -** If canceled chase price it stays as a limit order
* **Reduce** - Can only reduce your open position
* **TP/SL** - Use [TP or SL](/documentation/execution-panel/tp-sl-switch.md) for your chase

<figure><img src="/files/ySQALRo0qjdNKZ1lUdck" alt=""><figcaption></figcaption></figure>

### **Stalk Mode**

<figure><img src="/files/hdXwx3Zyl3DGqFRFfuQi" alt=""><figcaption></figcaption></figure>

This mode performs a Chase, but instead of placing your order at the best bid or ask, it places the order at a given number of ticks/% away from the best bid/ask:

<figure><img src="/files/vbGBV1x1is8ppbFtZF9k" alt=""><figcaption></figcaption></figure>

Here we're chasing or "stalking" the bid using the settings specified above. You can see the bid is kept 0.50% (roughly 493 USD) from the actual best bid price in the order book.

When the market quote moves up the limit order will follow it, at the given distance.&#x20;

There are two Stalk options:

**Maintain** attempts to maintain the given distance no matter if the market quote moves up or down. Your order would get filled on a wick when someone with one market order cuts through all resting bids/asks in the "maintained" distance between your order and the actual price.

**Trail** is one-way and only moves your order towards the market quote. You can think of this as similar to a trailing stop. e.g. So, if you're stalking the bid and the market quote moves up, then your bid moves up -- however if the market quote moves down then your bid price is left unchanged.

{% hint style="warning" %}
Caution: when using the **Maintain** option it is still possible your order will be filled during volatile market behavior. This possibility is more likely with a tight stalk distance.
{% endhint %}


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