KCEX perpetual futures offer a variety of flexible order types to meet the needs of different traders, helping you execute your trading strategies with precision.
1. Limit Order
A limit order allows you to set the price at which you want to trade. If the market price matches your limit price or better, the order will be filled. If no matching orders are found, your order will be added to the order book, waiting for execution when the conditions are met. The advantage of limit orders is that they guarantee the execution price, but there’s a risk that the order may not be filled if the market does not reach your set price.
You can choose from different time-in-force options:
- GTC (Good-Till-Canceled): The order remains valid until fully executed or canceled manually.
- IOC (Immediate-Or-Cancel): Any part of the order that cannot be filled immediately will be canceled.
- FOK (Fill-Or-Kill): The entire order must be filled immediately, or it will be canceled in full.
2. Market Order
Market orders allow you to trade immediately at the current best available price in the market. This type of order guarantees execution but not the price, especially in highly volatile markets. Market orders are typically used when traders want to enter or exit a position quickly to capture market opportunities.
3. Stop-Limit Order
A stop-limit order allows you to set a trigger price. When the market reaches the trigger price, the system will automatically place a limit order at the price you have specified. This is useful for executing orders during high market volatility with predetermined price control.
4. Stop-Market Order
Similar to the stop-limit order, the stop-market order allows you to set a trigger price, but when triggered, the system will place a market order. This ensures the order is executed promptly when the trigger price is reached.
5. Trailing Stop Order
A trailing stop order is a dynamic strategy that tracks market price movements. When the market price hits a new high or low and then reverses by the preset trailing amount, the system automatically executes the order.
Example Explanation:
Example 1 (Catching the top):
A user plans to sell ETH without setting an activation price (meaning the order is activated immediately). The Last Transaction Price of ETH is 2000 USDT.
Set the following parameters:
- Trailing Amount (Fixed): 150 USDT
- Quantity: 5 ETH
- Price Type: Last Transaction Price
If ETH rises to 2700 USDT and then retraces to 2550 USDT (2700 - 150 = 2550), the system will sell ETH at 2550 USDT.
Example 2 (Catching the bottom):
A user plans to buy BTC with the **Last Transaction Price** at 35000 USDT.
Set the following parameters:
- Trailing Amount (Percentage): 4%
- Activation Price: 25000 USDT
- Quantity: 2 BTC
- Price Type: Last Transaction Price
If BTC drops to 25000 USDT, the order is triggered. The price continues to drop to 20000 USDT and then rebounds to 20800 USDT (20000 * 1.04 = 20800). The system will automatically buy BTC at 20800 USDT.
6. Post-Only Order
A post-only order ensures that your order will not be executed immediately and will only enter the order book as a maker order. If the order would match with existing orders, it will be canceled to ensure you receive maker fees.
7. Take-Profit/Stop-Loss Order
Take-profit and stop-loss orders help traders automatically close positions when the price reaches a certain level, locking in profits or limiting losses. When the market price reaches the preset trigger price, the system will execute a market order to close the position.
- Setting Take-Profit/Stop-Loss When Opening: You can set take-profit and stop-loss conditions when submitting an opening order. Once the order is filled, the system will automatically activate the take-profit/stop-loss based on the preset conditions.
- Setting Take-Profit/Stop-Loss for Open Positions: You can also set take-profit/stop-loss conditions for existing positions at any time to protect your position during market fluctuations.
Important Notes: Using advanced orders like stop-limit, stop-market, and trailing stop orders may be affected by market volatility, insufficient funds, or position limits. We recommend monitoring market trends closely and ensuring sufficient account balance for smooth order execution.