Accounts recommended

Follow OKCoin subscription account

you can follow up Bitcoin news and get Bitcoin for free

Follow OKCoin subscription account

you can know the latest Bitcoin price and place orders on OKCoin via Wechat

Home » Announcements » Introduction to ‘Stop Orders’ on Futures Add New Post

Introduction to ‘Stop Orders’ on Futures

Moderator published on OKCoin Announcements Announcements 2014-10-29 11:17 13588


1. Stop orders (commonly called stops, or stop losses) refer to a planned order which is triggered under certain conditions.





2. A Stop order on OKCoin is made up of three components: a “trigger price”, “order price”, and “quantity”.
· The “trigger price” is the price condition set by the user for the order to be entered into the market.


· The “order price” and “quantity” are the parameters of the order that the user wishes to execute at the trigger price.






3. For buy orders, when the last price is greater than or equal to the trigger price, the stop order will be triggered. For sell orders, when the last price is less than or equal to the trigger price, the stop order will be triggered.






4. For buy orders, the stop order price must not be greater than 103% of the trigger price. For sell orders, the stop order price must not be less than 97% of the trigger price.






5. If the pre-defined stop order to buy price is greater than the last market price cap, an order is triggered set to the maximum order price. If the pre-defined stop order to sell price is less than the lowest last market price, an order is triggered set to the lowest stop order price.






6. When a stop order is entered by a user, the quantity could exceed the available amount. Stop orders for open positions will not result in an increased socialized loss. Stop orders for close positions will not affect the quantity of closed positions.






7. The available open position contracts for stop buy order is determined according to the minimum of: pre-defined stop order price, ceiling price at order time, sell price, as well as available contracts, contract value, leverage and available open positions.



Open position buy order quantities are determined according to the minimum of: available open position contracts for stop buy order, pre-defined quantity.



Close position buy order quantities are determined according to the minimum of: available close positions, pre-defined quantity.







8. The available open position contracts for stop sell order is determined according to the maximum of: pre-defined stop order price, floor price at order time, as well as available contracts, contract value, leverage and available open positions.



Open position sell order quantities are determined according to the maximum of: available open position contracts for stop sell order, pre-defined quantity.



Close position sell order quantities are determined according to the maximum of: available close positions, pre-defined quantity.







9. If all positions are closed at market, all corresponding normal and stop orders will be canceled.






10. After the stop order is triggered, the prevailing order price will be set according to the system records. The usage of stop orders shall be taken as acceptance of the implications of this term.






11. We currently only allow for ‘limit’ style stop orders to be placed. Significant volatility exists in Bitcoin markets; As such, there is no guarantee that your stop order will be completely filled at your specified price if the markets are moving quickly against you.





12. OKCoin reserves the right of final interpretation on all of the above terms.



提示

请先登录

客服+852 5808 5768
在线咨询 在线咨询
在线留言 发起提问
聊天室
OKCoin聊天室
请遵守聊天室规则!详情>>
客服+852 5808 5768
聊天室规则 X
  • 本聊天室仅供OKCoin用户交流讨论使用。
  • 没有交易历史的用户无法发送消息。
  • 用户昵称一个月内允许修改一次,不允许包含辱骂他人或政治相关的词汇。
  • 聊天时请文明用语,严禁使用恶意侮辱,诋毁他人字眼;
  • 严禁谈论不健康话题;

    严禁刷屏影响他人交流;

    严禁发任何性质的广告和大篇幅的转发信息;

    严禁发布任何有损家庭声誉及利益的信息;

    严禁利用聊天室拉帮结伙,制造群体不和或挑起群体争斗事端;

    严禁发表与政治有关的恶搞类语言及其他一切。

    如果违反上述规定,按照情节严重,轻则禁言,重则封号。

  • 请大家积极配合聊天室管理员的管理,共同营造友好健康的氛围。
比特币新闻