Stop-Limit Order

A stop-limit order will be one of the many order types that will be available in the HyperTrader 2.0.
In a nutshell, a stop-limit order is an order that is placed as a regular buy or sell order with a trigger price which is know as the "stop price." Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.

The stop-limit order has three inputs in the order entry window:
Stop - this field is simply the "trigger price." If you chose to place a stop-limit order to sell, the order will turn into a limit order once the highest bid either drops to or below the placed stop price. If you decided to do a stop-limit order to buy, the order will turn into a limit order once the lowest ask either raises or exceeds the placed stop price.
Limit - this field acts the same as a "Price" when you place a traditional bid or offer order. When your stop-limit order has been triggered by either the highest bid or lowest offer, the order will convert into a buy or sell order for the price you had entered in the limit field.
Amount - this is the field functions the same way as regular. It depicts the amount of coins you wish to buy or sell should your stop-limit order be triggered.

Example how to use Stop-Limit Order when entering a position:

Let’s say the BTC/USDT market is trading at $12,000. You want to buy BTC, but you only want to buy after the market price passes the resistance level of $12,500. You may enter an order like this:

Order Type: Stop-Limit
Quantity: 0.1 BTC
Side: Buy
Stop Price: $12,500.00
Limit Price: $13,000.00


OCO (One Cancels the Other)

An OCO order will be one of the many order types that will be available in the HyperTrader 2.0.
OCO orders will allow traders to place both a take-profit and stop-loss target for their positions without having to manually manage their orders when one is executed.

OCO order has four inputs in the order entry window:
Price - the price of the trades initial limit order. This order will be visible on the order book.
Stop - this field is simply the "trigger price."
Limit - The actual price of the traders limit order after the stop is triggered
Amount - this is the field functions the same way as regular. It depicts the amount of coins the traders wishs to buy or sell should their stop-limit order be triggered.

Example how to use OCO Order when entering a position:

Let’s say the ETH/USDT market price is $150. Trader places an OCO order with Taking Profit at $160 and Stop Loss at $140. If the market hit $160 then, Take Profit option will be executed and at the same time, Stop Loss order will be canceled. Now if the market doesn’t go well, and price hits $140. This time stop loss order will be executed and the same time take profit order will be canceled out.

Order Type: OCO
Quantity: 1 ETH
Side: Sell
Price: $160
Stop Price: $145
Limit Price: $140


OCO & Stop-Limit orders are only available on HyperTrader 2.0
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