Currently, nodexx supports various types of order placements to meet the trading habits and needs of different investors, including: limit orders, market orders, and take-profit/stop-loss orders. Details are as follows:
JuCoin Limit Orders allow users to set the order price, and the order will be executed at the order price or a better price. When submitting a limit order, if there are already orders in the order book that are better than or equal to the order price available for matching, the limit order will be executed immediately at the current best available price. Because the order execution consumes liquidity from the market, a certain transaction fee as a Taker fee will be charged. When submitting a limit order, if there are no orders in the order book that are better than or equal to the order price available for matching, the limit order will enter the order book to wait for execution, thereby increasing market depth. After the order is executed, the trader will receive a rebate as a Maker fee. In addition, limit orders can also be used for partial or full position closing take-profit limit orders. The advantage of limit orders is that they guarantee execution at the specified price, but they also carry the risk of not being executed.
JuCoin Market Orders will be executed at the best available price in the order book at that time, without the need to set a price, allowing for quick order execution. Although market orders guarantee order execution, they do not guarantee the execution price, as market prices can fluctuate rapidly. Traders generally use market orders when they need to enter the market quickly to capture market trends.
“Planned Orders” refer to users setting a trigger price and quantity for the order. When the latest market transaction price reaches the trigger price, the system automatically places a regular limit order according to the user’s preset order price and quantity.
The function of trailing orders is to place your previously set order into the market when there is a significant market pullback. When the latest market price reaches the highest (lowest) market price you set for the order multiplied by (1 ± pullback percentage), the order condition is triggered, and your previously set order is sent into the market as a market order.
Take-Profit and Stop-Loss orders allow users to preset a trigger price and an order price. When the market price reaches the trigger price, the system will automatically place an order according to the user’s preset order price and quantity. One-way take-profit/stop-loss can set either take-profit or stop-loss on one side; two-way take-profit/stop-loss can set both sides, where triggering one side will invalidate the other. These orders will pre-freeze the account assets.
Other Modes: GTC - Good-Till-Canceled: the order remains active until it is executed or canceled; FOK - Fill or Kill: the order must be filled entirely immediately, otherwise it will not be executed at all; GTX - Good Till Crossing (Maker Only): the order is canceled if it cannot become a maker order; IOC - Immediate or Cancel: any part of the order that cannot be executed immediately (taker side) will be canceled.
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