What is an attached order

Additional orders refer to orders that are attached to a regular open position order for the user to close the position. These orders are submitted after the main order is fully executed and the set trigger price is reached, ultimately completing the closure of the position.

Main Uses

By setting up take-profit or stop-loss orders when placing an order, it helps traders better control the risks associated with trading.

Parameter Description

Additional Type: The additional type supports four options: 'None', 'Take Profit', 'Stop Loss', and 'Bracket Order'.

Take Profit:

Take Profit Market Order: When the set take-profit trigger price is met, the system will automatically submit a market order to the market that is opposite to the direction of the main order, achieving the take-profit effect.

Take Profit Limit Order: When the set take-profit trigger price is met, the system will automatically submit a limit order to the market that is opposite to the direction of the main order, with the price set as the take-profit limit price.

Stop Loss:

Stop Loss Market Order: When the set stop-loss trigger price is met, the system will automatically submit a market order to the market that is opposite to the direction of the main order, achieving the stop-loss effect.

Stop Loss Limit Order: When the set stop-loss trigger price is met, the system will automatically submit a limit order to the market that is opposite to the direction of the main order, with the price set as the stop-loss limit price.

Bracket Order (Take Profit and Stop Loss):

A bracket order consists of a take-profit order and a stop-loss order. After the main order is fully executed, the order that reaches the trigger price first will be submitted, and the other order will be automatically canceled by the system.

Example Explanation

1. Suppose you submit a buy limit order at a market price of 10 with a price of 9.9 and a quantity of 100. At the same time, you set an additional bracket order (market) with a take-profit trigger price of 12 and a stop-loss trigger price of 9. After the market price fluctuates to fully execute the main order, the system will start monitoring whether the market price reaches the take-profit trigger price or the stop-loss trigger price.

Simulate market price fluctuation 10->9.8

Main order Price=9.9, Quantity=100, Limit order fully executed
Subconditional order starts monitoring
Simulate market price fluctuation 9.8->12

Market price 12 reaches take-profit trigger price
Submit a sell market order to achieve the take-profit effect
Stop-loss order is automatically canceled

2. Suppose you submit a short sell limit order at a market price of 10 with a price of 10.1 and a quantity of 100. At the same time, you set an additional stop-loss limit order with a stop-loss trigger price of 15 and a stop-loss limit price of 15. After the market price fluctuates to fully execute the main order, the system will start monitoring whether the market price reaches the stop-loss trigger price.

Simulate market price fluctuation 10->16

Main order Price=10.1, Quantity=100, Limit order fully executed
Subconditional order starts monitoring
Market price 15 reaches stop-loss trigger price
Submit a buy limit order at a price of 15 to achieve the stop-loss effect

Notes and Precautions

The main order only supports opening positions; if closing positions, the APP interface will not have an additional order entry.
Additional orders are only risk-controlled after the main order is fully executed and the sub-order trigger price is reached. If the additional order does not pass the risk control check when triggered, all additional orders corresponding to that order will fail.
The system will not freeze the positions generated by the main order after it is fully executed. If other trades by the user cause changes in positions, the sub-order may fail to execute due to insufficient positions when triggered.
Stop-loss market orders, take-profit market orders, and bracket orders (market) only support intraday trading. If triggered before or after the market, they will be pre-planned for intraday orders.
Stop-loss limit orders, take-profit limit orders, and bracket orders (limit) support pre-market and after-market trading, but limit orders will determine whether they will be executed in time based on the limit price. If the limit price is set unreasonably, there is a risk of not being able to take profit or stop loss in time.