1. Understanding Order Placement
Order placement refers to the process where traders submit instructions specifying the type, quantity, and price of contracts they intend to buy or sell.
2. How to Place a Contract Trading Order?
a) Select Contract Parameters:
Users first choose:
- Contract Currency: BTC, EOS, ETH, LTC, BCH, ETC, XRP, BSV, or TRX.
- Contract Type: Weekly, Bi-weekly, or Quarterly交割合约.
- Order Type: Limit Order, Stop-Loss/Take-Profit, Advanced Limit, Trailing Stop, Iceberg, or Time-Weighted Order.
b) Input Details:
- Set the price (in USDT) and quantity (in coins/lots).
- The system calculates available positions and margin rates automatically.
c) Submit Order:
Choose a trade type:
- Buy/Long: Bullish outlook—open a long position.
- Sell/Short: Bearish outlook—open a short position.
- Buy to Close: Exit a short position.
- Sell to Close: Exit a long position.
Key Notes:
- Cross Margin: Requires margin rate ≥ (1/leverage).
- Isolated Margin: Needs sufficient available margin per lot.
- Orders can be canceled in the "Contract Orders" section before execution.
3. Trade Types Explained
| Action | Purpose |
|-----------------|----------------------------------|
| Buy/Long | Open a bullish position. |
| Sell/Short | Open a bearish position. |
| Buy to Close| Exit a short position (profit/loss). |
| Sell to Close| Exit a long position (profit/loss). |
4. Contract Order Types
a) Limit Order
Sets maximum buy/minimum sell prices. Prioritizes favorable execution.
Example:
- BTC price: 13,000 USDT.
- Buy limit at 12,900: Executes if price ≤ 12,900.
- Sell limit at 13,100: Executes if price ≥ 13,100.
b) Stop-Loss/Take-Profit
Triggers when market hits preset prices. Fails if no open positions exist.
Scenarios:
- Short Stop-Loss: Close BTC short at 10,010 USDT if price rises to 10,000 USDT.
- Long Take-Profit: Close BTC long at 8,000 USDT if price falls to 7,990 USDT.
c) Trailing Stop
Adjusts orders based on price retracements.
Example:
- BTC drops to 17,800 USDT (below activation at 18,000).
- Triggers buy at 17,978 USDT if rebound ≥1%.
d) Iceberg Order
Splits large orders into smaller lots to minimize market impact.
Example:
- Buy BTC at 19,000 USDT with 80–100% per lot.
- Stops if price exceeds 20,000 USDT.
e) Time-Weighted Order
Breaks orders into smaller, timed executions.
Example:
- Buy 1,000 lots at ≤10,130.29 USDT (5% of对手方 volume).
- Pauses if price exceeds preset limits.
f) Advanced Limit Order
Offers three execution modes:
- Post Only: Maker-only; cancels if immediate taker.
- Fill or Kill: Fully executes or cancels.
- Immediate or Cancel: Fills partially, cancels remainder.
Example:
Buy 800 lots at 10,050 USDT:
- Fill or Kill: Cancels if对手方 volume is 775.
- IOC: Fills 775, cancels 25.
FAQs
Q1: Can I modify an order after placement?
A: No, but you can cancel and resubmit before execution.
Q2: What’s the difference between Cross and Isolated Margin?
A: Cross uses shared margin; Isolated limits risk per position.
Q3: Why did my trailing stop not trigger?
A: Ensure activation price and retracement conditions are met.
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