What is a triggered order? Set conditional orders to achieve automatic stop loss or breakthrough opening

A triggered order is a trading order that is automatically executed when the market price reaches a set value. 1. Users need to log in to the platform, select the conditional order function, set the monitoring price type, trigger price, order price and buying and selling parameters before submitting; 2. When setting up automatic stop loss, stop-loss conditional orders should be added based on the position order, using the mark price to prevent accidental triggering, and configure the closing direction and price; 3. Breakthrough opening strategies need to determine key levels based on technical analysis, automatically open positions when the price breaks through resistance or support, and set trigger and order prices reasonably to avoid the impact of false breakthroughs.

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Triggered order placement is a trading instruction that is automatically executed based on preset conditions. When the market price reaches the set value, the system automatically submits the order.

1. Understand the mechanism of triggering order placement

Triggering an order by setting price conditions will automatically convert it into an actual order when the market hits the specified price. This function is suitable for scenarios that do not require real-time monitoring of the market and helps users respond to market changes in a timely manner. The key is to accurately set the trigger price and order price to ensure that the order is completed within the target range.

1. Log in to the trading platform and enter the contract or spot trading interface.

2. Select the "Conditional Order" or "Trigger Order" function entrance.

3. Set the price type to be monitored, such as latest price, mark price or index price.

4. Enter the trigger price, which is the threshold value for initiating entrustment judgment.

5. Set the actual order price, which can be market price or limit price.

6. Fill in the buying and selling direction, quantity and leverage multiple (if applicable).

7. Submit the conditional form after confirming the risk warning.

2. Set up conditional orders for automatic stop loss

Automatic stop loss is realized through conditional orders, and the closing conditions can be set in advance during the position holding process to avoid greater losses caused by violent price fluctuations. It is recommended to use the marked price as a trigger reference to prevent the pin from accidentally touching .

1. Enter the management page of the held order and find the "Add Conditional Order" option.

2. Select "Stop Loss Order" in the "Stop Profit and Stop Loss" type.

3. Set the trigger price, usually a key level above a short position or below a long position.

4. Specify the closing order price, and it is recommended to use limit price orders to avoid slippage and expand losses.

5. Check "Open only one order after triggering" or "Replace original order" to prevent repeated operations.

6. Save the settings and check whether the conditional order status is displayed as "To be triggered".

3. Configure the conditional order strategy for breaking through and opening a position

Breakthrough opening uses the price to automatically open a position when it breaks through key resistance or support levels, which is suitable for trend-following traders. It is necessary to combine technical analysis to determine the reasonable trigger area. Be careful to avoid false breakthroughs that may occur during periods of high volatility .

1. Analyze the chart to determine the potential breakthrough range, such as the upper or lower edge of the consolidation pattern.

2. Switch to the "Conditional Order" mode on the trading interface.

3. Select "New Order" and set the direction. Go long if the resistance above is exceeded, and go short if the price falls below the support.

4. Set the trigger price 1-3 minimum movement units above the resistance level or below the support level.

5. The order price can be set to a limit price slightly deviated from the trigger price, or the market price can be directly used to quickly complete the transaction.

6. Enter the expected position quantity and turn off the "effective immediately" option.

7. After submission, check whether the task record exists in the conditional list.

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