APP Version
Submit Trailing Order
Step 1: On the futures trading page, switch the order type to "Trailing Order" to display the order entry page.
Step 2: After filling in the two required parameters, "Callback Percentage" and "Quantity", you can submit the order. If you don't set an "Activation Price," the trailing order will be activated immediately upon placing the order.
Parameter | Description | Notes |
Callback Percentage (Required) | The callback percentage is the main factor in calculating the actual trigger price. You can choose to set it by "Percentage" or "Price Difference." The actual trigger price is calculated based on the historical highest/lowest price and the callback percentage. | Percentage: Historical highest price 50,000, callback percentage 5%, trigger price = 50,000 * (1 - 5%) = 47,500. Price Difference: Historical highest price 50,000, callback percentage 5000U, trigger price = 50,000 - 5000 = 45,000. |
Quantity (Required) | The quantity for the trailing order, which is also the quantity of the market order once the trailing order is triggered. | None |
Activation Price (Optional) | The activation price is the condition for triggering the trailing order. When the market price (latest transaction price/mark price/index price) reaches or exceeds the activation price, the order will be activated and the actual trigger price will start to be calculated. The default value is the latest transaction price. | If the activation price is not set, the order will be activated immediately. |
Submit Trailing Take Profit
Step 1: In the position section, click on "Take Profit/Stop Loss", switch to the "Trailing Take Profit" tab to display the order entry page.
Step 2: After filling in the two required parameters, "Callback Percentage" and "Quantity," you can submit the order. If you don't set an "Activation Price," the trailing take profit will be activated immediately when the order is placed.
Note:
When using trailing take profit for closing positions, carefully calculate the activation price and callback percentage to ensure that the trailing take profit order is a profitable closing order when it is activated, which will lock in more profits as it tracks market fluctuations and automatically adjusts the trigger price.
- If you hold a long position, your trailing take profit order will be a market sell order, and the activation price you set must be higher than the average opening price or the latest transaction price of that position.
- If you hold a short position, your trailing take profit order will be a market buy order, and the activation price you set must be lower than the average opening price or the latest transaction price of that position.
View/Edit Trailing Order
Step 1: You can view all trailing orders currently submitted by switching the order type to "Trailing Order" in the current order list.
Step 2: You can click the edit icon to edit trailing orders that are in the "Pending" status. Trailing orders with the "In Progress" status are currently tracking market movements and cannot be edited temporarily.
Cancel Trailing Order
In the "Trailing Order" page, click the "Delete" icon to cancel the corresponding order. Click the "Cancel All" button to cancel all trailing orders and trailing take profit orders.
Web Version
Submit Trailing Order
Step 1: On the futures trading page, switch the order type to "Trailing Order" to display the order entry page. Step 2: After filling in the two required parameters, "Callback Percentage" and "Quantity", you can submit the order. If you don't set an "Activation Price," the trailing order will be activated immediately upon placing the order.
Parameter | Description | Notes |
Callback Percentage (Required) | The callback percentage is the main factor in calculating the actual trigger price. You can choose to set it by "Percentage" or "Price Difference." The actual trigger price is calculated based on the historical highest/lowest price and the callback percentage. | Percentage: Historical highest price 50,000, callback percentage 5%, trigger price = 50,000 * (1 - 5%) = 47,500. Price Difference: Historical highest price 50,000, callback percentage 5000U, trigger price = 50,000 - 5000 = 45,000. |
Quantity (Required) | The quantity for the trailing order, which is also the quantity of the market order once the trailing order is triggered. | None |
Activation Price (Optional) | The activation price is the condition for triggering the trailing order. When the market price (latest transaction price/mark price/index price) reaches or exceeds the activation price, the order will be activated and the actual trigger price will start to be calculated. The default value is the latest transaction price. | If the activation price is not set, the order will be activated immediately. |
Submit Trailing Take Profit
Step 1: In the position section, click on "Take Profit/Stop Loss", switch to the "Trailing Take Profit" tab to display the order entry page.
Step 2: After filling in the two required parameters, "Callback Percentage" and "Quantity," you can submit the order. If you don't set an "Activation Price," the trailing take profit will be activated immediately when the order is placed.
Note:
When using trailing take profit for closing positions, carefully calculate the activation price and callback percentage to ensure that the trailing take profit order is a profitable closing order when it is activated, which will lock in more profits as it tracks market fluctuations and automatically adjusts the trigger price.
- If you hold a long position, your trailing take profit order will be a market sell order, and the activation price you set must be higher than the average opening price or the latest transaction price of that position.
- If you hold a short position, your trailing take profit order will be a market buy order, and the activation price you set must be lower than the average opening price or the latest transaction price of that position.
View/Edit Trailing Order
Step 1: You can view all trailing orders currently submitted by switching the order type to "Trailing Order" in the current order list.
Step 2: You can click the edit icon to edit trailing orders that are in the "Pending" status. Trailing orders with the "In Progress" status are currently tracking market movements and cannot be edited temporarily.
Cancel Trailing Order
In the "Trailing Order" tab, click the "Cancel" button to cancel the corresponding order. Click the "Cancel All" button to cancel all trailing orders and trailing take profit orders.
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