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Calculation about Market Orders, Trigger Orders & TP/SL Orders

Bingbon
  • Updated
Key Words: Market Orders, Trigger Orders, TP/SL Settings.
  • Market Orders
      1. What is a market order?
        In the Standard Contract, a market order is the order placed with "Estimated Execution Price = Current Price * (1 ± Spread)". The characteristics of market orders are that they consume market depth and are filled immediately.

      2. TP/SL of Market Orders

1.Set TP/SL by Price

Estimated P/L = Opening Margin * Opening Leverage * Order Direction * [ (Closing Price - Estimated Execution Price)/Estimated Execution Price ] ⁣

2.Set TP/SL by Ratio
Estimated TP/SL Price = TP/ SL Ratio * Estimated Execution Price / (Order Direction * Opening Leverage) + Estimated Execution Price
(Special Note: For SL settings, though users enter a positive number for the ratio, users need to change it as the corresponding negative number for calculation.) ⁣

Estimated P/L = Opening Margin * Opening Leverage * Order Direction * [ (Estimated TP/SL Price - Estimated Execution Price)/Estimated Execution Price ] ⁣

  • Trigger Order
      1. What is a trigger order?
        "Trigger Order" is not " Limit Order". It is an automatic order tool, with which you can pre-set an order that will only be triggered under specific conditions. Once the latest traded price has reached the "trigger", the pre-set order will be executed. Both an order placed by means of “Trigger” and another placed by means of “Market” at the same moment belong to Market Orders. 
        Special note: 
        The maximum number of trigger orders that users can set per day is 200.

      2. Reasons Why Trigger Orders Fail

        1. Trigger orders do not freeze the order principal, so after reaching the pre-set price, if your account balance is insufficient, the order will fail and the system will cancel the trigger order.

        2. When the market price changes too much (such as the index closing at a low price or opening at a high price), if the difference between the market price and the pre-set price is greater than 1.5%, the trigger order will fail and the system will cancel the order.

      3. TP/SL of Trigger Orders
        Pre-set Trigger Price= Opening Price * (1± Spread)
        1. Set TP/SL by Price
          Estimated P/L = Opening Margin * Opening Leverage * Order Direction * [ (Closing Price - Pre-set Trigger Price)/Pre-set Trigger Price ] ⁣

        2. Set TP/SL by Ratio
          Estimated TP/SL Price = TP/ SL Ratio * Pre-set Trigger Price  / (Order Direction * Opening Leverage) + Pre-set Trigger Price

(Special Note: For SL settings, though users enter a positive number for the ratio, users need to change it as the corresponding negative number for calculation.) ⁣

Estimated P/L = Opening Margin * Opening Leverage * Order Direction * [ (Estimated TP/SL Price - Pre-set Trigger Price)/Pre-set Trigger Price ] ⁣

  • Open Positions
    1. What is an open position？
      An open position is any established or entered trade that has yet to close/settle with an opposing trade. The profit and loss of the unsettled position is often referred to as “Floating P/L”.

    2. TP/SL of Open Positions
      1. Set TP/SL by Price
        Estimated P/L = Trade Size * Order Direction * [ (Closing Price - Opening Price)/ Opening Price ] ⁣

Set TP/SL by Ratio
Estimated TP/SL Price = TP/ SL Ratio * Opening Price * Margin / (Order Direction * Trade Size) + Opening Price

(Special Note: For SL settings, though users enter a positive number for the ratio, users need to change it as the corresponding negative number for calculation.) ⁣
Estimated P/L = Trade Size * Order Direction * [ (Estimated TP/SL Price - Opening Price)/Opening Price ] ⁣

 

Please Note: 
The platform always strives to offer the best price for orders' TP/SL 
settings within the liquidity allowed; 
However, 
the system does not guarantee to take profit/ stop loss at the exact price set by users.

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