Conditional orders require setting a trigger price followed by a limit/market order type. When the market price reaches the trigger, the system automatically submits the order as configured. Users can pre-set trading strategies without monitoring the market, enabling automated take-profit/stop-loss execution.
Parameters
Trigger Price: Options: "Last Price" (latest trade price) or "Mark Price"
Order Type: "Market" or "Limit" order
Quantity: Order size to execute upon triggering
Key Notes
No Funds Reserved: No actual order is placed until triggered.
Insufficient Funds Cause Failure: Orders will fail if account balance is inadequate upon triggering.
Limit Orders May Not Fill: Extreme volatility may prevent execution.
Immediate Trigger Scenarios:
Long Orders: Trigger if set price > current price
Short Orders: Trigger if set price < current price
Disclaimer & Risk Warning
All trading tutorials provided by BitDa are for educational purposes only. The content, opinions, and analyses contained therein are for reference and shall not be construed as investment advice, nor as recommendations, offers, or solicitations to buy or sell any financial products. Investors must make independent judgments based on their own investment objectives, financial situation, and risk tolerance, and shall bear all investment risks themselves. BitDa shall not be held liable for any trading decisions made by users.
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