Planned orders are coming to Huobi Futures, offering traders a powerful tool for automated profit-taking and loss prevention. This strategic trading feature allows users to pre-set trigger conditions, order prices, and quantities, executing limit orders when market conditions are met.
What Are Planned Orders?
Planned orders enable traders to:
- Automate exit strategies without constant market monitoring
- Lock in profits at predetermined price levels
- Limit potential losses through stop-loss mechanisms
- Execute precise trading strategies during volatile market conditions
Key Parameters Explained
| Parameter | Functionality |
|---|---|
| Trigger Price | Activates the order when market price reaches this level |
| Order Price | Execution price for买入 (buy) or卖出 (sell) orders |
| Quantity | Number of contracts to trade when triggered |
Practical Application Scenario
A trader holds 100 BTC quarterly contract long positions with an average entry at $4,000. Identifying $3,900 as critical support:
- If price breaks below $3,900, significant downward movement is expected
- To prevent major losses, a stop-loss is set at $3,890
Operational Steps:
- Select "Planned Order" option
- Set trigger price: $3,900
- Set sell price: $3,890
- Enter quantity: 100 contracts
- Click "Sell to Close" to confirm
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Important Considerations
- Contract Status: Only active trading contracts accept planned orders
- Quantity Limits: Must comply with contract-specific minimums/maximums
- Margin Handling: No funds are frozen until order triggers
- Expiry Rules: No new positions allowed 10 minutes pre-delivery
- Trigger Reliability: Market conditions may prevent execution
- Price Validity: Orders failing price validation will cancel
- Execution Certainty: Triggered orders subject to market liquidity
FAQ Section
Q: Can planned orders be modified after placement?
A: Yes, until triggered. Monitor via "Current Orders" section.
Q: What happens during extreme volatility?
A: Orders may fail if prices gaps beyond set parameters.
Q: Are there additional fees for planned orders?
A: Standard trading fees apply only upon execution.
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This content is for educational purposes only. Trading involves substantial risk of loss.