Bull & Bear Order Example:
The order is suitable for the short-term investors. It includes Bull order and Bear order. You can deliver a pair of instruction for opening/closing position. After opening a buy/sell position (control with the left hand side of the panel), when the price move to the preset level ("Profit" or "Loss + Loss Toler" set before), the system will close the position.
For example, we want to open a position by purchasing a HSI futures contract at 21200. At the same time, we want to take the profit if the market price rises for 50 points and limit our loss by 50 points trailing 10 points
Steps for placing a Bull & Bear order:
- Choose "Bull & Bear" in "Cond" (condition)
- Fill "Price" (21200)
- Fill "Toler" if necessary
- Fill "Qty" (Quantity) (1)
- Fill "Profit" (Stop Profit) (50)
- Fill "Loss" (Stop Loss) (50)
- Fill "Loss Toler" if necessary (10)
- Choose Buy/Sell (Buy)
The limit order is executed at 21200. System then generate an OCO order: Close the position by selling at 21250 to capture the profit; and at 21150 trailing 10 points to limit the loss
Finally, the index falls to 21150. This triggers the stop loss order
Stop loss order is triggered at 21150. Trailing 10 points (i.e. 21140) to place the order, the stop loss order is executed at 21145. Loss is limited by 55 points.
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