To trade cryptocurrencies, select Buy/Sell tub.
There are 9 order types in Bauhinia Exchange (basic 3 standard orders and 6 advanced orders).
3 standard orders
Market Order – An order to buy or sell that is to be soon executed at the best price obtainable. The unexecuted portion is cancelled and will not stay on the order book.
Limit Order – An order to buy or sell at a specified price or better. The order will remain resting on the order book until cancelled.
Stop Market Order – When market price surpasses a particular point (the stop price), an order to buy or sell that becomes activated. Once market price surpasses the stop price, Stop Market Order becomes a market order. By this order, you can ensure a greater probability of achieving a predetermined entry or exit price, limiting loss or locking in profit.
6 advanced orders
Stop Limit Order - A stop-limit order executes as a limit order within a specific price range (buy or sell limit price or better) and not as a market order. With a stop-limit, the trader sets a stop price at which the order is triggered and a limit price at which the order may be filled. The order will only execute between the stop and the limit as long as matching bids or asks are available on the book. If the market price surpasses the limit price, the order may not be entirely filled.
Once the stop of a stop-limit order is triggered, the limit order is automatically added to the book. If the market price does not reach the stop price, the order will not be triggered and will remain unfilled. If the stop is triggered and the limit order is placed, but the market price does not reach the limit price, the order will also go unfilled.
If the market price is moving quickly enough and gaps above the limit price, there may not be enough matching offers available between your stop and limit to fulfill the order.
Example: If a trader would like to buy once the market price reaches 250, but not pay more than 252, then a stop price of 250 and limit price of 252 will be specified at the same time using a stop-limit order. If the market price reaches 250, the order is triggered and will match the best available asks up to 252. If the market price moves to 252.01 or above, then the order may go partially unfilled due to the limit price.
Trailing Stop Market Order - Sells the coins at a market price if the coins moves a certain percentage away from the highest market price since the order was placed. It is automatically adjusts trigger price (and possibly limit price) to lock in gains when there is upward movement.
Trailing Stop Limit Order - Sells the coins at a minimum price if the coins moves a certain percentage away from the highest market price since the order was placed. It is automatically adjusts trigger price (and possibly limit price) to lock in gains when there is upward movement.
Fill or Kill Order – A "fill or kill" order is a limit order that must be filled immediately in its entirety or it is canceled (killed). The purpose of a fill or kill order is to ensure that a position is entered instantly and at a specific price.
Immediate or Cancel (“IOC”) Order
Reserve Order (“Hidden” and “Iceberg”)
As another way, you can use TRADE panel.