> For the complete documentation index, see [llms.txt](https://docs.volven.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.volven.io/strategies/smart-order.md).

# Smart Order

SMO

<\<Youtube link to What is Slicer>>

## What is the Volven Smart Order?

Smart Order is a dynamic trading strategy that sends a limit order at the best bid or ask price along with the market. The strategy will follow the market until it is filled, modified, canceled, or limit is reached. Follower order is an algo that works well to get in or out of positions quickly.

Smart Order has **Iceberg** support. Iceberg splits your order into multiple orders, executing one after another. This hides the total size of your order for the rest of the market, just like an iceberg where most of the body is hidden beneath the surface.

### How to place a Volven Smart Order?

<\<Youtube link to launch tutorial>>

### Optional parameters

<table><thead><tr><th width="259">Parameter</th><th>Purpose</th></tr></thead><tbody><tr><td>Price Limit</td><td>Upper barrier for buying, or lower barrier for selling. Prevents your strategy from buying at an unfavorable price.</td></tr><tr><td>Iceberg</td><td>Splits your order into multiple orders, executing one after another. This hides the total size of your order for the rest of the market.</td></tr><tr><td>Spike Protection</td><td>Protects you against trading unfavorably in volatile conditions.</td></tr></tbody></table>


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