In the OYi contract trading interface, where can I set an order?

In the OYi contract trading interface, locate the "Order Settings" panel situated on the right-hand side for managing and customizing your trading orders.

Feb 03, 2025 at 10:18 am

Key Points:

• Understanding the OYi contract trading interface
• Locating the order settings within the interface
• Customizing order parameters for effective trading

Article:

In the OYi Contract Trading Interface, Where Can I Set an Order?

Navigating the OYi contract trading interface can be overwhelming for beginners, especially when it comes to setting orders. Here's a comprehensive guide to locate and customize order settings within the platform:

1. Access the Trading Interface:

• Log in to your OYi account.
• Click on "Trade" from the top menu bar.
• Choose "Futures" from the left-hand panel.
• Select the desired contract type and trading pair (e.g., BTCUSDT).

2. Identify the Order Settings Panel:

• Once you enter the trading interface, look for the "Order Settings" panel on the right-hand side.
• This panel is divided into three sections: Options, Settings, and Trade.

3. Define Order Type:

• In the "Options" section, select your desired order type.
• Choose from Market, Limit, Stop-Limit, Take-Profit, and Stop-Loss orders.
• Each order type has its specific characteristics and can be tailored to your trading strategies.

4. Configure Order Parameters:

• In the "Settings" section, enter the parameters for your chosen order type.
• For Limit orders, specify the desired entry price.
• For Stop orders, set the trigger price at which the order becomes active.
• For Take-Profit and Stop-Loss orders, define the target price where the order should execute.

5. Manage Position Size:

• Determine the quantity of contracts you wish to trade.
• Carefully consider your risk tolerance and trading budget when specifying the position size.
• Use the "+" and "-" buttons to adjust the position size in the "Options" section.

6. Additional Settings:

• In the "Trade" section, you can customize advanced settings such as leverage and order time-in-force (TiF).
• Leverage allows you to borrow funds from the exchange to increase your trading capacity.
• TiF options determine how long your order remains active before expiring.

7. Preview and Confirm:

• Review all the order settings carefully before placing your order.
• Ensure that the order type, parameters, position size, and additional settings align with your trading strategy.
• Click the "Buy" or "Sell" button to execute your order.

FAQs:

• Q: What is the easiest order type for beginners?
• A: Market orders are the simplest type, as they execute at the best available market price.
• Q: How do I prevent my orders from being manipulated?
• A: Use the "Post Only" option when placing limit orders, which ensures that your orders will not trigger market movements.
• Q: What is the difference between a Stop-Limit and a Limit order?
• A: Stop-Limit orders become active at a specific trigger price, while Limit orders execute immediately when the price reaches the specified level.
• Q: How do I adjust the position size of my order?
• A: Use the "+" and "-" buttons in the "Options" section of the order settings panel.
• Q: Where can I find the history of my orders?
• A: Click on the "Order History" tab in the trading interface to view a detailed record of your executed and canceled orders.