Guide of Trigger Orders

What is a Trigger Order?

In cryptocurrency trading, a Trigger Order is a type of pre-set conditional order. Users can set a trigger price and an execution price in advance. When the market price reaches the trigger condition, the system automatically places an order and executes a buy or sell action at the pre-set price. This method is commonly used for setting take profit, stop loss, or for trading under specific market conditions, allowing users to automate their trades during price fluctuations without constantly monitoring the market. Trigger Orders are especially suitable for beginner traders who wish to open or close positions within a specific price range.

How to Use Trigger Orders?

In the trading page, set the leverage for long or short positions — Click Open Position — Click Trigger Order — Enter the Trigger Price — Adjust the Order Price — Select the Quantity — Choose Buy/Open Long or Sell/Open Short.

After the order is submitted, users can view their order under Current Orders in the Trigger Orders section.