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A Long limit opens when the price falls to the trigger, a Short limit when it rises to it. The call returns when the order is placed, with an OrderReceipt. The fill arrives later on the fills stream and in account.orders(). When payToken differs from the collateral, the swap happens when the order is placed, limited by slippage (0.5 percent by default).

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Limit opens are increase orders. Fields left out of update keep their value.