Limit Orders


Limit Orders are used to manually specify the price a trader is willing to buy or sell at. Traders use limit order to minimize their trading cost.


Market Orders


Market Orders are orders that are executed immediately at the current market price. Traders use this order type when they have an urgent execution.
* Market Price is the last settlement price on BTSE.

Index Orders


Index orders are used for traders who would like to place an order in which the price tracks a certain percentage above/below the BTSE BTC index price. 

The fields are detailed as follows:


Maximum/Minimum Price:

  • Buy Order: if maximum price is $4,000 and BTC index is $3,900, then the user's order will be $3,900
    If maximum price is $4,000 and BTC index is $4,100, then the user's order will remain at $4,000
  • Minimum price would be the opposite of maximum price and applies to a Sell order


Contract:

  • The number of contracts the user would like to purchase


Percentage:

  • If a positive value is entered, the effective price would be a percentage above the BTC index price
  • If a negative value is entered, the effective price would be a percentage below the BTC index price
  • The maximum percentage value allowed is +/- 10%


Stealth Mode:

  • This function will help you buy/sell a pointed percentage of your digital currencies once at a time
    * If you want to buy/sell 10 BTC and you choose 10% stealth mode, the system will buy/sell 1 BTC at a time 10 times 



Stop Orders


Stop orders are orders that do not enter the order book until the market price reaches the trigger price.  

The purpose of this order is:

  • A risk-management tool to limit losses on existing positions
  • An automatic tool to enter the market at a desired entry point without manually waiting for the market to place the order


Stop orders can be selected under the  place Order Tab. There are three status that are shown during the execution of a stop order: 

  • OPEN - The requirements for your order have yet been met
  • TRIGGERED - Your order has been placed
  • FILLED - Your order has been completed


Take Profit Orders


Traders use this by specifying Market Order or Limit Order instructions to be executed once the market price reaches the predefined triggered price.
  • Take profit orders are used for setting the estimated price that you believe your contracts will reach
  • Stop orders are used for decreasing the risk of being liquidated if your current contracts move in the wrong direction


There are two types of Take Profit Orders:

  • Take Profit Limit Order -  You set the predefined Trigger Price and Order Price.  When the market price reaches your trigger price, your order will be placed on the order book
  • Take Profit Market Order- You set the predefined Trigger Price.  When the current market price reaches your trigger price, a Market Order will be placed on the order book
* For all stop orders, the trigger price will be specific to the market price


Take Profit Orders can be selected under the place order tab, it will show you the triggering price and take profit price. The status of stop orders can be found on the Active Orders tab. There are three Status that are shown during the execution of a Take Profit Order:

  • OPEN - The requirements for your order have yet been met.
  • TRIGGERED - Your order has been placed.
  • FILLED - Your order has been completed.



Active Orders and Stops Tab


Active Orders Tab: This tab will show any active orders that have not yet been completed.

Stop Tab: take profit orders and stop orders will be listed under this tab until the orders are triggered and completed.