The user can set the trigger price and its order price and quantity in advance. When the market's latest transaction price reaches the trigger price, the system will place an order based on the order price and quantity set in advance (i.e., limit order).

Parameters Description:

Trigger price/Trigger: Once the latest traded price has reached the "trigger price"/” Trigger”, the pre-set order will be executed.

Order price: The price users enter to sell/buy contracts. Once the latest traded price has reached the "trigger price"/” Trigger”, the system will automatically place the order at the pre-set order price to order book.

Contracts Amount: The amount users enter to sell/buy contracts. Once the latest traded price has reached the "trigger price"/” Trigger”, the system will automatically place the order of this pre-set contracts amount to order book.

Example：

A user holds a long position of 100 conts BTC-USDT swaps with average position price of 12000 USDT. He thinks the key support will be near 10000 USDT; if the price falls below 10000 USDT, there will be a large drop. To avoid huge loss, the user chooses Trigger Order to stop loss.

Order Method 1: chose “Trigger order”，set a trigger price of 10000 USDT, enter the order price 9980 USDT and the quantity 100 conts, then click “Close Long” to place the order. When the latest price reaches 10000 USDT, the order will be triggered and the order will be placed in the order book at the price of 9980 USDT as an ordinary limit order.

Order Method 2: chose “trigger order”, set a trigger price of 10000 USDT, select “Optimal 5”, “Optimal 10”, or “Optimal 20”, and enter the quantity, click “Close Long” to place the order. When the latest price reaches at 10000USDT, the order will be triggered and will be filled with the BBO price within the selected range as soon as possible to avoid missing the market price.

Note：

1.The trigger order function is only available for trading-status contracts. 

2. To place a trigger order, the order quantity entered shall not exceed the limit of order quantity to a certain token.

3. Before the order is triggered, the user’s margin or positions will not be frozen. Only when the order is triggered, the margin or positions will be frozen.

4. When a trigger order is triggered to close a position, if the positions available to be closed is less than the order quantity, the system will place an order based on the position that available to be closed; if the market fluctuates sharply, the trigger order may fail to be triggered or the order may fail to be placed after it is triggered.

5.Trigger orders may not be triggereddue to sharp fluctuations, price limits, position limits, insufficient margins, insufficient positions to close, non-trading status, network issues, or other system issues.

6. When the order is getting triggered, the system will place an order based on the pre-set price. If the order price exceeds the price limit, the order will fail to be placed.

7.Once the trigger order is triggered, it will be transferred to an ordinary limit order and be placed to order book at the pre-set price. Limit Order is a kind of order type that will only be filled at the optimal price when the selling order price is lower than market price or the buying order price is higher than market price. Please note that whether the order can be successfully filled or not depends on the market conditions.