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Instruction on Placing B&B Order

Step 1: On the order-place window, switch to “Conditional Order” tab

You need to fill data in the following fields:

  • Symbol: Symbol of futures contract
  • Quantity (<= Maximum quantity allowed to the chosen contract)
  • Price = The price of the original B&B Order to open a new position
  • Profit range: The profit ratio (calculated in price point) you expect to obtain, used to set the profit-taking price
  • Profit-taking price: The expected target price of the position you are opening.
    • Buy Order: Profit-taking price = Original B&B Order price + Spread
    • Sell Order: Profit-taking price = Original B&B Order price - Spread
  • Profit range: The loss ratio (calculated in price point) you estimate to endure, used to set the trigger price
  • Trigger price: The price used to trigger the stop-loss order.
    • Buy Order: Trigger price = Original B&B Order price - Spread
    • Sell Order: Trigger price = Original B&B Order price + Spread
  • Spread: The spread of price increase/decrease (depending on the type of order: Buy or Sell) of the order place to the trigger price, aimed to increase the chance of success of the stop-loss order.
  • Adjusted price: The adjusted price sent with the stop-order to the Exchange, calculated with the following formula:
    • Buy Order: Adjusted price = Trigger price - Spread
    • Sell Order: Adjusted price = Trigger price + Spread
  • Order-placing principle:
    • Price of the original B&B Order, profit-taking price, trigger price and adjusted price must stay within the upper limit and lower limit of the chosen contract in the day.
    • Only one of 3 orders of the B&B Order is valid at a point of time.

Step 2: Click Add to send to the Orders to Send tab. You can change the quantity, trigger price and spread by clicking on the upward/downward arrow icons. Click Send to send the order into the Exchange.

Note: You can turn off the “Orders to Send” function to skip this step

Step 3: Enter the Trading Password into the Confirmation Order and click “Send Order” button

Note: You can turn on the One-time password for the entire login session to complete the order faster