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Instruction on Placing OCO 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 = Profit-taking price: The expected target price of the positions you are holding.
  • Trigger price: The price to trigger the order to stop loss
  • 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:
    • Trigger price must be greater than the market price at the time of placing the order.
    • Trigger price and adjusted price must stay within the upper limit and lower limit of the chosen contract in the day.
  • Order-placing principle:
    • OCO Order - Buy: Trigger price must be greater than the profit-taking price.
    • OCO Order - Sell: Trigger price must be less than the profit-taking price.
    • Profit-taking price, trigger price and adjusted price must stay within the upper limit and lower limit prices of the contract in the day.

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