⚖️Conditional Order

Introduction

Strategy entrustment currently only includes planning entrustment and tracking entrustment. Compared with the existing take profit and stop loss orders, the planning order/tracking order has the following significant differences – In particular, in case of market conditions or other extreme circumstances, the triggering of strategy orders may be delayed.

  1. After the planning order/tracking order is created, the exchange will not freeze the order margin before it is triggered. Only when the planned order is successfully triggered, the exchange will freeze the margin of the order.

  2. Plan orders support limit orders and market orders, and trail orders only support market orders.

  3. Tracking commission is a more advanced planning commission. Usually, the plan order can only set one condition of the trigger price. When the latest market price reaches the trigger price, the order will be sent to the matching. On the basis of the plan order, the tracking order adds a setting condition, that is, the callback range. When the latest market price reaches the set trigger price, the tracking order will not be sent to the matching, but will continue to wait for the market price to turn around. When the market price swing reaches the set callback range, the tracking order will be sent to the matching. NOVOPUS GPT Global supports users to set the callback range from 0.1% to 5%.

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