Step-by-Step Guide to Planned Orders (Mobile App)

Understanding Planned Orders for Coin-Margined Futures Contracts

Planned orders allow traders to pre-set trigger conditions, order prices, and quantities. When the latest market price hits the trigger threshold, the system automatically submits a limit order based on your predefined settings.

Key Parameters Explained:

• Trigger Price: The price level that activates your planned order.
• Order Price: The execution price after triggering (buy/sell price).
• Quantity: Number of contracts to trade upon activation.

Practical Example:

A trader holds 100 BTC quarterly contracts (long position) with an average entry price of $12,000. Identifying $10,000 as a critical support level, they set a planned order to limit losses if the price breaks downward.

Execution Methods

Method 1: Limit Order

1. Select "Planned Order"

2. Set:

   • Trigger: $10,000
   • Sell Price: $9,980
   • Quantity: 100 contracts
3. Click "Sell to Close Long"
4. When the market hits $10,000, a limit order executes at $9,980

Method 2: Tiered Execution

1. Select "Planned Order"

2. Choose:

   • "Top 5 Levels", "Top 10 Levels", or "Top 20 Levels"
3. Enter quantity
4. Click "Sell to Close Long"
5. Triggers rapid execution within selected price tiers

Order Management

• Active Orders: View/cancel planned orders under "Planned Orders" before triggering
• Historical Records: Triggered orders appear in "History" > "Planned Orders"

Critical Considerations

1. Trading Status: Only active contracts accept planned orders
2. Quantity Limits: Must meet minimum/maximum requirements per contract
3. Asset Freezing: No fund/holding locks until order triggers
4. Partial Execution: If available position < order quantity, system adjusts automatically
5. Expiry Rules: No new opening orders allowed 10 minutes pre-delivery

6. Failure Risks: Trigger may fail due to:

   • Price limits
   • Insufficient margin
   • System/network issues
7. Price Validity: Orders exceeding current bid/ask limits will fail
8. No Guaranteed Fill: Limit orders execute at set prices, subject to market conditions

FAQ

What happens if my trigger price is reached during high volatility?

During extreme price movements, your order may either:

• Fail to trigger
• Trigger but not execute due to rapid price shifts

Can I modify a planned order after submission?

No. You must cancel the existing order and create a new one.

Why did my order fail 10 minutes before contract expiry?

👉 Learn about delivery period restrictions preventing new opening orders near expiry.

How does tiered execution differ from limit orders?

Tiered options prioritize speed by matching against multiple price levels, while limit orders use a fixed price.

Are planned orders free to set?

Yes, though standard trading fees apply upon execution.

What safeguards exist against erroneous triggers?

The system verifies:

• Available margin
• Valid contract status
• Price limits
  Before executing any order.

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