What is a Market + Take Profit/Stop Loss Order?

Clients can create a combination of a primary market order with a limit sub-order (for take profit) and a stop sub-order (for stop loss). When the primary order is filled, the sub-orders will be triggered. When one sub-order is partially or fully filled, the other is automatically cancelled.

1. Example:

Suppose the market price of a stock is $100, and the client wants to buy this stock, ABC, at market while setting a Stop price of $95 and a Take Profit Limit of $105.

A Client can place a primary order as a market price to buy the ABC stock at $100 and set sub-order A to trigger a Stop order at $95, and sub-order B to place a Take Profit Limit at $105, and then place the order.

When the market price drops to $95, triggering the Stop loss sub-order A, the system will sell the ABC stock at market price and automatically cancel sub-order B.

On the contrary, if the market price rises to $105, triggering the Take Profit sub-order B, the system will sell the ABC stock at the specified limit price and automatically cancel sub-order A.

2. Order Time

Orders can only be placed during US regular trading session.

3. Order Duration

Clients can choose whether their orders are valid only on the day of the order or Good-Til-Cancelled (GTC). If an order is not fully executed within the specified period, the system will automatically cancel the order.

If an order fails during the execution process due to risk control measures, company actions, or other reasons, the order status will be updated to cancel, and the system will no longer continue to submit the order.

4. Trigger Time

US Regular Trading Session.

5. Explanation and Notes

1. Market + Take Profit/Stop Loss Order only supports the same security.

2. The orders are limited to US securities.

3. After the order is triggered, there is no guarantee of execution.

4. After the order is triggered, whether the corresponding order is executed or not, the order trigger conditions will not be activated again. If needed, please place a new order.

5. If the order is for position closure and the order quantity is more than the position at the time of triggering, the order will not be executed.

6. The orders will only be triggered within the allowed trading session.

7. The Time-in-Force of all primary orders and sub-orders must be consistent.

8. If the number of pending trigger orders is equal to or greater than 50 orders, no further advanced orders can be placed.