Sniper order

What it does: automates the attempt to detect and capture short-lived trading opportunities and submit orders when conditions are met.

Typical use: time-sensitive entries where manual reaction is too slow.

Key parameters: opportunity/trigger condition, quantity, and execution constraints such as price bounds (where available).

Tradeoff: can reduce reaction latency, but performance depends on the quality of the configured conditions and may trigger in noisy regimes.

Example: configure a sniper condition around a fast breakout threshold; when the condition is met, an order is submitted to capture the move.