2024-12-09 11:43:32For traders to execute their strategies more effectively in volatile markets, we've introduced a convenient function that lets them place an order directly on the trading chart. There are three quick methods:
Quick Open
Currently, Quick Open functions are not available on the App.
Market Order
The Quick Open market order is located at the upper right corner of the trading chart. Once traders have preset the quantity of the contracts, they will be able to open a buy or sell position using a market order with just one click.
Notes:
— A market order will be executed at the best available price in the order book. However, the actual execution price may differ slightly from the price shown on the quick entry zone.
— By using quick entry, clicking on Buy or Sell will open a position (or add position size) in the same direction only, and will not close the opposite direction’s positions. If you want to close a position, simply go to the Position tab, the Order Zone, or Quick Close as mentioned below.
Limit Order
The Quick Open limit order is located on the price scale of the trading chart. When you hover your mouse over the chart, you will see a “+” button. By clicking the “+” button, you can set the quantity of the contracts to open a limit Buy or Sell order. When the order price is higher than the last traded price, a limit Sell order can be placed. When the order price is lower than the last traded price, a limit Buy order can be placed.
Quick Close
The Quick Close function facilitates an immediate market order to close out a position. On the left side of the trading chart, where a trader's current position is displayed, the trader can click the X button to immediately close the position at market price. Currently, the Quick Close function is not available on the App.
Quick Reversal
The Quick Reverse function allows users to reverse their position direction with the same quantity. With this function, it’s no longer necessary to close an existing position before opening a new position in the opposite direction.
Example 1:
If the trader currently holds a long position of 0.1 BTC, with no short position:
By clicking on the quick reversal function for the long position, the system will directly submit a 0.2 BTC short market order. This will first close the existing 0.1 BTC long position, and then open a new short 0.1 BTC position in the opposite direction. Once this has been executed, the new short position will be for 0.1 BTC.
Example 2:
If the trader currently holds a long position of 0.2 BTC and a short position of 0.1 BTC:
By clicking on the quick reversal function for the long position, the system will directly submit a 0.4 BTC short market order. This will first close the existing 0.2 BTC long position, and then open an additional short 0.2 BTC position. Once this has been executed, the new short position will be for 0.3 BTC.
The Quick Reversal function is now supported on both PC and App.
Via Desktop
Quick Reverse can be found on the ↑↓ button on the chart position display.
Alternatively, you can click on the Reverse button from your position tab.
Via App
Go to your derivatives position tab and tap on the ↑↓ button on your position to reverse your position.
Notes:
— All Quick Trading functions are subject to the maximum order size per order for Perpetual and Futures Contract. If traders attempt to place an order that exceeds the maximum limit per order using Quick Open, the system will automatically adjust the order quantity to match the maximum allowable size per order. For the Quick Reverse function, if the current position size surpasses the maximum order quantity per order, the system will perform a full position closure without initiating a new position in the opposite direction. Traders may refer to Trading Data for the maximum order size of each trading pair.
— By default, the order confirmation window for quick trading functions is enabled. Traders can disable the confirmation window from the Preferences setting page:
Via PC
Via App
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