Stop-Limit is an order that limits the maximum buying price of the buyer, and the minimum selling price of the seller. After your order is placed, our system will post it on the order book, and match it with the orders available at the price you specified or better.
2. Advanced Limit Order(Only Maker):
The regular limit order has been defaulted as “Good till Canceled”.Post Only: it never takes liquidity and makes sure the user will be a market maker. If your order would cause a match with a pre-existing order, your post-only limit order will be canceled.
For example, if a user want to buy Index Futures and the order book is shown as the below screenshot:
Advanced Limit Order. If they have set the buy price as 1947 USDT, the order would not take liquidity as they are a market maker. If the buy price is 1947.61 USDT, the order will be executed with Buy (1). If the user is a market taker, the order will be canceled;
3. Market order:
Users buy or sell at the current market price. The advantage of market order is that it can guarantee real-time transaction market order; the transaction is based on the buying or selling price listed on the market, and the transaction price is not limited. Therefore, only the number of transactions is specified during the transaction without specific details. Trading price.
4. Stop-Limited / Take-profit and stop-loss:
It is an order type that automatically converts plans into commissions based on market conditions. Different from ordinary orders, it will not be directly traded, but when the triggering condition becomes effective, it will be converted into a commission order to achieve the transaction, which means that it will only trigger the commission instead of trading in the market depth.
The advantage of stop-limit/take-profit and stop-loss orders is that as long as the user sets the required plan and the market triggers the corresponding conditions, the user can immediately complete the relevant declaration without manual intervention.
Trigger price: refers to the price set by the user to trigger the operation (the order is about to be set to issue a transaction request). When the latest transaction price in the market reaches the trigger price set by the user, the operation will be triggered, and the system will automatically send a transaction request to the price- limit order.
Entrusted price: refers to the price of entrusted trading. When the latest transaction price in the market reaches the trigger price, the system sends the pre-set order to the market.
Entrusted volume: refers to the number of entrusted transactions. However, when the order is triggered, the system will place the order according to the order quantity.
The position and margin will not be frozen until the stop-limit / take-profit and stop-loss order is successfully triggered;
When the stop-limit / take-profit and stop-loss order is triggered, if the available opening volume / available closing volume <the planed volume, the commission will be based on the available opening volume and the available closing volume;
After the stop-limit / take-profit/stop-loss order is triggered, the order will be carried out at the market price;
Unless the stop-limit/take-profit and stop-loss order is manually cancelled, it will always exist until it is triggered. Please pay attention to the risks caused by this.