Spot trigger order

【Definition】

One-way trigger order: Flexible trigger order scenarios for various situations are provided, trigger conditions and order price and quantity are preset. When the latest transaction price in the market reaches the trigger conditions, the system will place the order according to the pre-set order unit price, quantity, and order total sum.

Two-way trigger order: trigger orders with predictive market trends and clear operational intentions. Pre-set the trigger conditions, order price and quantity according to the fixed scenario set by the transaction direction. When the latest transaction price in the market reaches the trigger conditions, the system will buy according to the order price, quantity, and total sum set in advance. Place orders at the same time in the two directions of rising and bottom hunting) or selling (take-profit and stop-loss). The two-way trigger orders, the orders appear in pairs, one is traded, and the other is canceled immediately. One is revoked manually, and the other is revoked simultaneously.

【Parameters Description】

Trigger price: when the latest transaction price reaches the set trigger price, the order is placed.

Order price: the buying price and selling price. When the latest price reaches the trigger price, the system automatically places the order according to the pre-set price; if you select the limit price, the system automatically places the order according to the buying/selling price you set; if you select the market price, the system automatically executes the order according to the market price at the time.

Order quantity: the "order quantity" after the order is triggered; if you select limit price, the quantity is the buy/sell quantity you set; If you choose the market price, it is the total amount you set when you buy and the total amount you set when you sell.

Two-way trigger order scenarios: when buying, it includes a chasing scenario and a bottom fishing scenario. When selling, it includes a take-profit and stop-loss scenarios. The two-way trigger order must be set up to chase the rising prices and to bottom hunting prices at the same time when placed to buy, and when selling, it must also be set up at the same time to set take-profit and stop-loss.

Chasing rising prices scenario: When the market rises unilaterally, the user buys with the rise.

Bottom-hunting (bottom fishing) scenario: the scenario where users buy at the lowest point when the market drops unilaterally.

Take-profit scenario: when the market rises unilaterally, the user controls the profit by selling.

Stop-loss scenario: When the market drops unilaterally, the user controls the loss by selling.

[Functions and Features]

1. Trigger order supports two types of "limit order" and "market order". The quantity and price of the order must follow the existing trading restrictions.
2. Before the order is triggered, the assets corresponding to the order will not be frozen; after the planned order is triggered (when placing an order to buy or sell according to the pre-set order price, order volume or order amount), the assets will be frozen.
3. If the balance is insufficient when the order is triggered, all available assets will be used for order placement. When the available assets are less than the value set by the order, all available assets in the currency account will be used to place an order, but if the available assets do not meet the minimum transaction limit, the order will be cancelled by the system.
4. The trigger order may not necessarily be triggered. Affected by factors such as price restrictions, account balances, transaction delisting, network abnormalities or system upgrades, the trigger order may fail.
5. The transaction may not necessarily be completed after the order is triggered. Affected by market conditions. When the market fluctuates greatly and the price rises or falls sharply, the limit order or market price after the planned order is triggered may not necessarily be traded.

(1) The triggered limit order is the same as the ordinary limit order, and the order is placed at the order price set by the user in advance. The so-called limit order, that is, when the selling price of the pending order is lower than the current market price, it will be executed at the market price; When the price of the pending order to buy is higher than the current market price, the transaction will be executed at the market price. The order cannot be guaranteed to be filled, and it depends entirely on the current market conditions.

(2) The successfully triggered market order is the same as the ordinary market order. It is bought or sold at the current market price according to the buying amount or selling quantity set by the user in advance. The order cannot be guaranteed to be filled, and it depends entirely on the current market conditions.

6. In the two scenarios of two-way trigger order, if either party is cancelled, the other party will be cancelled at the same time. The two-way order must be set up to chase prices and bottom out at the same time when pre-set to buy, and when selling, it must also be set up at the same time to take-profit and stop-loss.