Where can I find the entrusted order function on the Ouyi Contract APP?

Where Can I Find the Entrusted Order Function on the Ouyi Contract APP?

Key Points:

• Overview of the Ouyi Contract APP
• Locating the entrusted order function
• Placing an entrusted order
• Managing entrusted orders
• Frequently Asked Questions (FAQs)

Overview of the Ouyi Contract APP

Ouyi Contract APP is a mobile application designed for trading cryptocurrency futures contracts. It provides users with a user-friendly interface, advanced trading tools, and real-time market data. The platform offers a wide range of perpetual and delivery contracts, making it a versatile choice for traders of all levels.

Locating the Entrusted Order Function

To find the entrusted order function on the Ouyi Contract APP, follow these steps:

• Open the Ouyi Contract APP and log in to your account.
• Navigate to the "Trading" page by tapping the "Trade" icon at the bottom of the screen.
• Select the contract that you wish to trade by tapping on it from the list of available contracts.
• Once the contract page is loaded, tap on the "Order" tab at the bottom of the screen.

Placing an Entrusted Order

An entrusted order is a type of order that is placed with a brokerage and executed at a later time. To place an entrusted order on the Ouyi Contract APP:

• Tap on the "Entrust" button located at the bottom of the order form.
• Enter the details of your order, including the order type, order quantity, and order price.
• Review the order details and tap on the "Buy/Sell" button to submit the order.

Managing Entrusted Orders

Once an entrusted order is placed, it can be managed from the "Entrust" tab on the contract page. Users can view the status of their orders, modify or cancel them, and set stop-loss and take-profit levels.

• View Entrusted Orders: Tap on the "Entrust" tab to view a list of all active and completed entrusted orders.
• Modify Entrusted Orders: Tap on the desired order in the list and select "Modify" to change the order details.
• Cancel Entrusted Orders: Tap on the desired order in the list and select "Cancel" to remove the order from the system.
• Set Stop-Loss and Take-Profit Levels: Tap on the desired order in the list and select "Set TP/SL" to define the price levels at which the order will be automatically executed.

Frequently Asked Questions (FAQs)

Q: What is the difference between an entrusted order and a market order?

A: An entrusted order is placed with a brokerage and executed at a later time, while a market order is executed immediately at the current market price.

Q: How long does it take for an entrusted order to be executed?

A: The execution time for an entrusted order depends on the market conditions and the order type. Some orders may be executed immediately, while others may take several hours or days.

Q: Can I cancel an entrusted order once it has been placed?

A: Yes, you can cancel an entrusted order from the "Entrust" tab on the contract page.

Q: What is a stop-loss order?

A: A stop-loss order is an order that is designed to automatically sell your position if it reaches a predefined loss level. This helps protect your profits and limit your risks.