1. Stop Up (Uptrend market)
1.1 Definition
This order uses in uptrend market, order will be activated to push on Stock Exchange at the determined price before market up to or exceed stop price (Stop price).
- Stop price: when market price up to or exceed the installed Stop price, Stop Up order will be activated to push on Stock Exchange with Limit price
- Limit price is placed order after condition (Stop price) is activated
1.2 Purpose:
- Sell: Automatically take profit when investor hold Long position
- Buy: Automatically stop loss when investor hold Short position
- Open new position: Buy or Sell when market price exceed stop level (Stop price)
1.3 Example:
Example 1: Sell to automatically take profit when investor hold Long position
Investor hold 1 Long position of future contract, code VN30F1808 at cost price = 910 = market price. Investor see that market uptrend and need to take profit when market up to 921, so placing 1 Stop Up order: Short 1 future contract VN30F1808 with price 920 and activated price is 921, the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
910 |
912 |
909 |
918 |
921 |
|
Stop price |
921 |
921 |
921 |
921 |
921 |
|
Limit price |
920 |
920 |
920 |
920 |
920 |
Therefore, at time 5 market price = stop price, sell LO order: 1 future contract VN30F1808 – price 920 will be activated and push on Stock Exchange.
Example 2: Automatically buy to stop loss when investor hold Short position
Investor hold 1 Short position of future contract, code VN30F1808 at cost price 910 as market price. Investor see that the market uptrend and need to stop loss when market up to 920, so placing 1 Stop Up order: Buy future contract VN30F1808 with price 921 and activated price 920, the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
910 |
912 |
915 |
918 |
920 |
|
Stop price |
920 |
920 |
920 |
920 |
920 |
|
Limit price |
921 |
921 |
921 |
921 |
921 |
Therefore, at time 5 when market price = stop price, buy LO order: 1 future contract VN30F1808 – price 921 will be activated and push on Stock Exchange
Example 3: Open new Long or Short position when the market price exceed limit level
Market price of code VN30F1808 is 920, investor see that the market will be strongly uptrend if exceed resistance level is 925, so placing Stop Up order – Buy with limit price 926 and stop price 925, the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
920 |
918 |
922 |
924 |
926 |
|
Stop price |
925 |
925 |
925 |
925 |
925 |
|
Limit price |
926 |
926 |
926 |
926 |
926 |
Therefore, at time 5 the market price exceed stop price, buy LO order: with price 926 will be activated and push on Stock Exchange.
2. Stop Down (Market downtrend)
2.1 Definition:
Stop down order uses in market downtrend, order is activated and push on Stock Exchange at determined price before market down to or less than stop price.
- Stop price is price when market price (matched price latest) down to or less than installed stop price, Stop Down order will be activated to push on Stock Exchange with limit price
- Limit price is placed order after condition order (Stop price) is activated
2.2 Purpose:
- Automatically buy to take profit when investor hold Short position
- Automatically sell to stop loss when investor hold Long position
- Open new position: Buy or Sell when market price less than or equal stop price
2.3 Example:
Example 1: Buy to automatically take profit when investor hold Short position
Investor hold 1 Short position of future contract, code VN30F1808 at cost price = 910 = market price. Investor see that market downtrend and need to take profit when market up to 900, so placing 1 Stop Down order: Buy 1 future contract VN30F1808 with price 901 and activated price is 900, the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
910 |
918 |
920 |
910 |
900 |
|
Stop price |
900 |
900 |
900 |
900 |
900 |
|
Limit price |
901 |
901 |
901 |
901 |
901 |
Therefore, at time 5 the market price = stop price, buy LO order: 1 future contract VN30F1808 with price 901 will be activated and push on Stock Exchange.
Example 2: Automatically Sell to stop loss when investor hold Long position
Investor hold 1 Long position of future contract, code VN30F1808 at cost price = 910 = market price. Investor see that the market downtrend and need to stop loss when market down to 900, so placing 1 Stop Down order: Sell future contract VN30F1808 with price 899 and activated price is 900, the market price changes in session as follow:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
910 |
918 |
920 |
910 |
900 |
|
Stop price |
900 |
900 |
900 |
900 |
900 |
|
Limit price |
899 |
899 |
899 |
899 |
899 |
Therefore, at time 5 when market price = stop price, sell LO order: 1 future contract VN30F1808 with price 899 will be activated and push on Stock Exchange
Example 3: Open new Long or Short position when the market price less than stop price
Market price of code VN30F1808 is 920, investor see that the market will be downtrend to resistance level 910, so placing Stop down order – Sell with limit price 909 and stop price 910, the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
920 |
915 |
918 |
916 |
910 |
|
Stop price |
910 |
910 |
910 |
910 |
910 |
|
Limit price |
909 |
909 |
909 |
909 |
909 |
Therefore, at time 5 the market price = stop price, sell LO order: 1 future contract with price 909 will be activated and push on Stock Exchange.
3. Trailing Buy (Trend long order)
3.1 Definition:
The Long order with long price follow the downtrend stickly of market in order to long price is the best. When the market price down, activated price will fix corresponding to down to ensure no exceed price fluctuation; when market price up, activated price keep intact. When market price exceed (≥) activated price the order will be activated.
- Trailing amount (price fluctuation activated to fix) is different point of market price at current time and activated long price
- Limit offset (fix price fluctuation) is different price fluctuation between placed order with market price at time of activated order. At time of the market price ≥ activated price, push 1 LO order with placed order = market price + fix price fluctuation on Stock Exchange. Price fluctuation ≥ 0 and even as regualation price on Stock Exchange.
3.2 Purpose:
- Automatically buy to take profit when investor hold Short position
- Automatically buy to stop loss when investor hold Short position
- Open new Long position with best price to minimize cost
3.3 Check condition to active order:
- Activated price at first time: f(0) = P(0) + D
- Activated price: f(x) = MIN[f(x-1); P + D ]
- Condition to active: f(x) ≤ P or MIN[f(x-1); P + D ] - P ≤ 0
In which:
- f(x) is activated price
- f(x-1) is activated price at previous step
- P is market price at calculate activated price time, at the time of opening session, the market price P(0) equal to reference price
- D is fluctuation calculates activated price = entered value (1, 2, 3…)
3.4 Example:
Example 1: Automatically buy to take profit when investor hold Short position
Investor hold 1 Short position of future contract, code VN30F1809 at cost price = 905. Investor need to take profit of available Short position, so placing 1 Trailing Buy order: Buy 1 future contract VN30F1809 with price fluctuation activated D = 2 and fix price fluctuation = 0.2, the market price changes in session as follow:
|
Time |
0 |
1 |
2 |
3 |
4 |
|
Market price (P) |
904 |
900 |
901 |
900 |
902 |
|
D |
2 |
2 |
2 |
2 |
2 |
|
f(x) |
906 |
902 |
902 |
902 |
902 |
As per the parameters:
At time 0, market price: P(0) = 904
- The first activated price: f(0) = P(0) + D = 904 + 2 = 906
At time 1, market price downs: P(1) = 900
- Activated price: f(1) = Min[f(x-1); P + D ] = Min[(f(0); P(1) + D] = Min(906; 900 + 2) = 902
At time 2, market price ups: P(2) = 901
- Activated price: f(2) = Min[(f(1); P(2) + D) = Min (902; 903) = 902
At time 3, market price downs: P(3) = 900
- Activated price: f(3) = Min[f(x-1); P + D ] = Min[(f(2); P(3) + D] = Min(902; 900 + 2) = 902
At time 4, market price to activated price: P(4) = 902 = f(3)
Trailing Buy order is activated, push 1 Buy LO order 1 future contract VN30F1809 with placed price = P(4) + 0.2 = 902 + 0.2 = 902.2 on Stock Exchange
Example 2: Automatically buy to stop loss when investor hold Short position
Investor hold 1 Short position of future contract, code VN30F1809 at cost price = 905. Investor need to stop loss of available Short position, so placing 1 Trailing Buy order: Buy 1 future contract VN30F1809 with price fluctuation activated D = 3 and fix price fluctuation =0.1, the market price changes in session as follow:
|
Time |
0 |
1 |
2 |
3 |
4 |
|
Market price (P) |
910 |
907 |
909 |
906 |
911 |
|
D |
3 |
3 |
3 |
3 |
3 |
|
f(x) |
913 |
910 |
910 |
909 |
909 |
As per the parameters:
At time 0, market price: P(0) = 910
- Activated price: f(0) = P(0) + D = 910 + 3 = 913
At time 1, market price downs: P(1) = 907
- Activated price: f(1) = Min[f(x-1); P + D ] = Min[(f(0); P(1) + D] = Min(913; 907 + 3) = 910
At time 2, market price ups: P(2) = 909
- Activated price: f(2) = Min[(f(x-1); P + D] = Min[(f(1); P(2) + D] = Min(910; 909 + 3) = 910
At time 3, market price downs: P(3) = 906
- Activated price: f(3) = Min[(f(x-1); P + D] = Min[(f(2); P(3) + D] = Min(910; 906 + 3) = 909
At time 4, market price exceed activated price: P(4) = 911 > f(3)
Trailing Buy order is activated, push 1 Buy LO order 1 future contract VN30F1809 with placed price = P(4) + 0.1 = 911 + 0.1 = 911.1 on Stock Exchange
Example 3: Open new Long position with best price
Market price of code VN30F1809 is 920, investor see that the market will be created reach trough point, so investor Buy 1 position of future contract, code VN30F1809 with best price, so placing 1 Trailing Buy order – Long with price fluctuation activated D = 4 and fix price fluctuation = 0.1, the market price changes in session as follow:
|
Time |
0 |
1 |
2 |
3 |
4 |
|
Market price (P) |
920 |
915 |
918 |
914 |
918 |
|
D |
4 |
4 |
4 |
4 |
4 |
|
f(x) |
924 |
919 |
919 |
918 |
918 |
As per the parameters:
At time 0, market price: P(0) = 920
- Activated price: f(0) = P(0) + D = 920 + 4 = 924
At time 1, market price downs: P(1) = 915
- Activated price: f(1) = Min[(f(x-1); P + D] = Min[f(0); P(1) + D] = Min(924; 915 + 4) = 919
At time 2, market price ups: P(2) = 918
- Activated price: f(2) = Min[(f(x-1); P + D] = Min[f(1); P(2) + D] = Min (919; 918 + 4) = 919
At time 3, market price downs: P(3) = 914
- Activated price: f(3) = Min[(f(x-1); P + D] = Min[f(2); P(3) + D] = Min(919; 914 + 4) = 918
At time 4, market price exceed activated price: P(4) = 918 = f(3)
Trailing Buy order is activated, push 1 Buy LO order 1 future contract VN30F1809 with placed price = P(4) + 0.1 = 918 + 0.1 = 918.1 on Stock Exchange
4. Trailing Sell (Trend sell order)
4.1 Definition:
The Short order with short price follow the uptrend stickly of market in order to Short price is the best. When the market price ups, activated price will fix corresponding to up, to ensure no exceed price fluctuation; when market price down, activated price keep intact. When market price under (≤) activated price the order will be activated.
- Trailing amount (price fluctuation activated to fix): is different point of market price at current time and activated Short price
- Limit offset (fix price fluctuation): is different between placed order with market price at time of activated order. At time of the market price ≤ activated price, push 1 LO order with placed order = market price - fix price fluctuation on Stock Exchange . Price fluctuation ≥ 0 and even as regualation price of Stock Exchange.
4.2 Purpose:
- Automatically sell to take profit when investor hold Long position
- Automatically sell to stop loss when investor hold Long position
- Open new Short position with best price to minimize cost
4.3 Check condition to active order:
- Activated price at first time: f(0) = P(0) - D
- Activated price: f(x) = MAX[f(x-1), P - D ]
- Condition to active: f(x) ≥P, or MAX[f(x-1), P - D ] - P ≥ 0
In which:
- f(x) is activated price
- f(x-1) is activated price at previous step
- P is market price at calculate activated price time, at the time of opening session, the market price P(0) equal to reference price
- D is fluctuation calculates activated price = entered value (1, 2, 3…)
4.4 Example:
Example 1: Automatically sell to take profit when investor hold Long position
Investor hold 1 Long position of future contract, code VN30F1809 at cost price = 905. Investor need to take profit of available Long position, so placing 1 Trailing Sell order: Sell 1 future contract VN30F1809 with price fluctuation activated D = 3 and fix price fluctuation =0.1, the market price changes in session as follow:
|
Time |
0 |
1 |
2 |
3 |
4 |
|
Market price (P) |
908 |
910 |
909 |
914 |
911 |
|
D |
3 |
3 |
3 |
3 |
3 |
|
f(x) |
905 |
907 |
907 |
911 |
911 |
As per the parameters:
At time 0, market price: P(0) = 908
- Activated price: f(0) = P(0) - D = 908 - 3 = 905
At time 1, market price ups: P(1) = 910
- Activated price: f(1) = Max[f(x-1), P - D ] = Max[f(0); P(1) – D] = Max(905; 910 – 3) = 907
At time 2, market price downs: P(2) = 909
- Activated price: f(2) = Max[f(x-1), P - D ] = Max[(f(1); P(2) - D) = Max(907; 909 - 3) = 907
At time 3, market price ups: P(3) = 914
- Activated price: f(3) = Max[f(x-1), P - D ] = Max[(f(2); P(3) - D) = Max(907; 914 – 3) = 911
At time 4, market price down to activated price: P(4) = 911 = f(3)
Trailing Sell order is activated, push 1 Sell LO order 1 future contract VN30F1809 with placed price = P(4) - 0.1 = 911 - 0.1 = 910.9 on Stock Exchange
Example 2: Automatically sell to stop loss when investor hold Long position
Investor hold 1 Long position of future contract, code VN30F1809 at cost price = 905. Investor need to cut loss of available long position, so placing 1 Trailing Sell order: Sell 1 future contract VN30F1809 with price fluctuation activated D = 2 and fix price fluctuation = 0.2, the market price changes in session as follow:
|
Time |
0 |
1 |
2 |
3 |
4 |
|
Market price (P) |
904 |
905 |
904 |
906 |
900 |
|
D |
2 |
2 |
2 |
2 |
2 |
|
f(x) |
902 |
903 |
903 |
904 |
904 |
As per data:
At time 0, market price: P(0) = 904
- Activated price: f(0) = P(0) - D = 904 - 2 = 902
At time 1, market price ups: P(1) = 905
- Activated price: f(1) = Max[f(x-1), P - D ] = Max[(f(0); P(1) - D] = Max(902; 905 – 2) = 903
At time 2, market price downs: P(2) = 904
- Activated price: f(2) = Max[f(x-1), P - D ] = Max[(f(1); P(2) - D) = Max (903; 904 - 2) = 903
At time 3, market price ups: P(3) = 906
- Activated price: f(3) = Max[f(x-1), P - D ] = Max[(f(2); P(3) – D] = Max(903; 906 – 2) = 904
At time 4, market price downs, less than activated price: P(4) = 900 < f(3)
Trailing Sell order is activated, push 1 sell LO order 1 future contract VN30F1809 with placed price = P(4) - 0.2 = 900 - 0.2 = 899.8 on Stock Exchange
Example 3: Open Short position with best price
Market price of code VN30F1809 is 920, investor see that the market will be created reach trough point, so investor buy 1 position of future contract, code VN30F1809 with best price, so placing 1 Trailing Sell order with price fluctuation activated D = 4 and fix price fluctuation = 0.1, the market price changes in session as follow:
|
Time |
0 |
1 |
2 |
3 |
4 |
|
Market price (P) |
920 |
925 |
922 |
923 |
918 |
|
D |
4 |
4 |
4 |
4 |
4 |
|
f(x) |
916 |
921 |
921 |
921 |
921 |
As per the parameters:
At time 0, market price: P(0) = 920
- Activated price: f(0) = P(0) - D = 920 - 4 = 916
At time 1, market price ups: P(1) = 925
- Activated price: f(1) = Max[f(x-1); P - D ] = Max[(f(0); P(1) - D] = Max(916; 925 – 4) = 921
At time 2, market price downs: P(2) = 922
- Activated price: f(2) = Max[f(x-1), P - D ] = Max[(f(1); P(2) - D] = Max(921; 922 - 4) = 921
At time 3, market price ups: P(3) = 923
- Activated price: f(3) = Max[f(x-1), P - D ] = Max[(f(2); P(3) - D] = Max(921; 923 – 4) = 921
At time 4, market price to activated price: P(4) = 918 < f(3)
Trailing Sell order is activated, push 1 Sell LO order 1 future contract VN30F1809 with placed price = P(4) - 0.1 = 918 - 0.1= 917.9 on Stock Exchange
5. OCO (Placed order and cancel consecutively – One Cancels Other Order)
5.1 Definition:
A combination of a stop loss (Stop Up or Stop Down) and a limit order to close opening position at the expected investor price (these two orders are the same Long/Short type, same code and same quantity)
- If the limit order is Cancels/Amend or receives the match signal (match a part or match all) will cancel the stop order
- If the Stop order is activated, the limit order will be canceled (provided the limit order is cancelled)
5.2 Purpose:
- Place short limit order to take profit of available long position with Stop Down order that automatically cuts losses if the market downtrend
- Place long limit order to take profit on available short position with a Stop Up order that automatically cuts losses if the market uptrend
- Opening new Long/Short positions according to investor's demand.
5.3 Example:
Example 1: Short limit order to take profit of available Long position with Stop Down order that automatically cuts losses if the market downtrend
Investor hold 1 Long position of future contract, code VN30F1809 at cost price = 910 = market price. Investor uses OCO Sell orders to expect to take profits at 920 and cut losses at prices less than 905 (when the market price is below the 905, the investor accepts to sell at price 904.5); the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
910 |
912 |
915 |
918 |
920 |
|
Take profit price |
920 |
920 |
920 |
920 |
920 |
|
Stop price |
905 |
905 |
905 |
905 |
905 |
|
Cut loss price |
904.5 |
904.5 |
904.5 |
904.5 |
904.5 |
OCO order is used to make 2 orders: 1 Short limit order is pushed into the system and sent to Stock Exchange with price 920; 1 Short Stop Down order in "waiting active" status with Stop price = 905 and placed price for stop order = 904.5
Follow market developments:
At the time 5 when the market price up to 920 and the Short limit order at 920 is all matched
- The system arises the request to cancel the Short Stop Down order in "Waiting active" at the Stop price = 905 and placed price for Stop order = cut loss price = 904.5
Assuming the time 3, the market doesn’t up to 915 but down to 905 = stop price then:
- Short Stop Down order in "waiting active" status with Stop price = 905 and placed price for stop order = stop loss price = 904.5 is activated
- Arising sub-order is selling order to enter Stock Exchange at price = 904.5
- At the same time arising the cancel request for the limit order is pushed on Stock Exchange at the first time with price 920
Example 2: Long limit order to take profit on an available Short position with Stop Up order that automatically cuts losses if the market uptrend
Investor hold 1 Short position of future contract, code VN30F1809 at cost price = 910 = market price. Investor uses OCO Buy orders to expect to take profits at 900 and do not expect to cut losses at price more than 915 (when the market price is over 915, the investor accepts to sell at price 915.5); the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
910 |
912 |
908 |
904 |
900 |
|
Take profit price |
900 |
900 |
900 |
900 |
900 |
|
Stop price |
915 |
915 |
915 |
915 |
915 |
|
Cut loss price |
915.5 |
915.5 |
915.5 |
915.5 |
915.5 |
OCO order is used to make 2 orders: 1 Long limit order is pushed into the system and sent to Stock Exchange with price 900; 1 Long Stop Up order in "waiting active" status with Stop price = 915 and placed price for stop order = 915.5
Follow market developments:
At the time 5, when the market price downs to 900 and the Long limit order at 900 is all matched
- The system arises the request to cancel the Long Stop Up order in "Waiting active" at the stop price = 915 and placed price for stop order = cut loss price = 915.5
Assuming at the time 3, the market doesn’t down to 908 but up to price 915 = stop price then:
- Long Stop Up order in "waiting active" status with Stop price = 915 and placed price for stop order = cut loss price = 915.5 is activated
- Arising sub-order is buying order to enter Stock Exchange at price = 915.5
- At the same time arising the cancel request for the limit order is pushed on Stock Exchange at the first time with price 900
Example 3: OCO order open new Long/Short positions according to investor's demand
The market price of VN30F1809 code is 920, investor wants to open new positions when market price over resistance level 925 and 915, so placing Long OCO: a limit order at the price at 915 and a stop order with stop price at 925, the placed price for stop pric is 925.3, the market price changes in session in session as follows:
|
Time |
1 |
2 |
3 |
|
Market price |
920 |
918 |
925 |
|
Take profit price |
915 |
915 |
915 |
|
Stop price |
925 |
925 |
925 |
|
Cut loss price |
925.3 |
925.3 |
925.3 |
OCO order is used to make 2 orders: 1 Long limit order is pushed into the system and sent to Stock Exchange with price 915; 1 Long Stop Up order in "waiting active" status with Stop price = 925 and placed price for stop order = 925.3
Follow market developments:
Assuming at the time 3, the market up to price 925:
- Long Stop Up order in "waiting active" status with Stop price = 925 and placed price for stop order = cut loss price = 3 is activated
- Arising sub-order is buying order to push on Stock Exchange at price = 925.3
- At the same time arising the cancel request for the Long limit order at price 915
6. Bull & Bear
6.1 Definition:
It is combination of: a limit order and OCO order of the same type Long/Short and future contract code:
- After the limit order has a matching signal (including a part match or all matched), the system arising the pushing request corresponding OCO orders pairs
- The arising process of the corresponding OCO orders pairs as the matching signal of the limit order (1) will set the option for the investor to select on the placing order interface, including:
- Open order all matched: Limit order all mactched after arising the OCO order
- Open orders have matching signals: limit orders with part matching signals arise corresponding OCO orders pairs
6.2 Purpose:
- Open new Long position, and place limit order to take profit on available Long position with Stop Down order that automatically cuts losses if the market downtrend
- Open new Short position, and place limit order to take profit on the available short position that is acttached the Stop Up order that automatically cuts losses if the market uptrend
- Opening new Long/Short positions according to investor's demand
6.3 Example
Note: The following examples, the investor choose to process open matched orders: limit order all matched after arising OCO order
Example 1: Open new Long position, and place limit order to take profit on available Long position with Stop Down order that automatically cuts losses if the market downtrend
The investor uses the Bull & Bear order to open a new Long position at 960 and at the same time giving expect to take profit at 10 points and a loss of 5 points, a slippage = 0.2 in case of successful new opening position; the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
955 |
957 |
960 |
965 |
970 |
|
Placed price |
960 |
960 |
960 |
960 |
960 |
|
Take profit price |
970 |
970 |
970 |
970 |
970 |
|
Stop price |
955 |
955 |
955 |
955 |
955 |
|
Cut loss price |
954.8 |
954.8 |
954.8 |
954.8 |
954.8 |
Bull & Bear order when placing successfull, push a Long limit order with quantity 1 to system and send to Stock Exchange at price 960;
Follow market developments:
At the time 3, when the market price ups to 960, a Long limit order with price 960 are all matched:
- The system arising the pushed request Short OCO orders pairs into, including: a limit order to close the position at the take profit price = 970 is pushed into the system and a stop order Short Stop Down at stop price = 955, the placed price of stop order = stop loss price = 954.8 in status "Waiting activate"
At the time 5, when the market price ups to 970, limit order of OCO orders pairs are all matched:
- The system arises the cancel order request of remaining Stop Down order
Example 2: Open new Short position và place limit order to take profit on the available Short position that is acttached the Stop Up order that automatically cuts losses if the market uptrend
The investor uses the Bull & Bear order to open a new 1 Short position at 960 and at the same time giving expect to take profit at 10 points and a loss of 5 points, a slippage = 0.2 in case of successful new opening position; the market price changes in session as follows:
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
955 |
957 |
960 |
955 |
950 |
|
Placed price |
960 |
960 |
960 |
960 |
960 |
|
Take profit price |
950 |
950 |
950 |
950 |
950 |
|
Stop price |
965 |
965 |
965 |
965 |
965 |
|
Cut loss price |
965.2 |
965.2 |
965.2 |
965.2 |
965.2 |
Bull & Bear order when placing successful, push 1 Short limit order with quantity 1 to system and send to Stock Exchange at price 960;
Follow market developments:
At the time 3, when the market price ups to 960, 1 Short limit order with quantity 1 with price 960 are all matched:
- The system arising the pushed request Long OCO orders pairs into, including: a limit order to close the position at the take profit price = 950 is pushed into the system and a stop order Long Stop Down at stop price = 965, the placed price of stop order = cut loss price = 965.2 in "Waiting activate" status
At the time 5, when the market price downs to 950, limit order of OCO orders pairs are all matched:
- The system arises the cancel order request of remaining Stop Up order
Example 3: Opening new Long/Short positions according to investor's demand
The investor has a Short position of VN30F1809 code with cost price is 965. Investor uses the Bull & Bear order to close a Short position with 960 price and open new Long position as a conditional order when market price increases 960, at the same time sent to OCO order when stop price = 955, a slippage = 0.2, the market price changes in session as follows
|
Time |
1 |
2 |
3 |
4 |
5 |
|
Market price |
955 |
957 |
960 |
965 |
955 |
|
Placed price |
960 |
960 |
960 |
960 |
960 |
|
Take profit price |
970 |
970 |
970 |
970 |
970 |
|
Stop price |
955 |
955 |
955 |
955 |
955 |
|
Cut loss price |
954.8 |
954.8 |
954.8 |
954.8 |
954.8 |
Bull & Bear order when placing successful, push 1 Long limit order with quantity 1 to system and send to Stock Exchange at price 960;
Follow market developments:
At the time 3, when the market price ups to 960, 1 Long limit order with quantity 1 at price 960 are all matched. Order matched means investor’s account is closed position:
- Profit has done = 1 x (965 – 960) x 100.000 = 500.000
- The system arising the pushed request Short OCO orders pairs, including: a limit order to close the position at the take profit price = 970 is pushed into the system and a stop order Short Stop Down at stop loss = stop price = 955, the placed price of stop order = cut loss price = 954.8 in "Waiting activate" status
At the time 5, when the market price downs to 955, limit order of OCO orders pairs are activated, push on system 1 Short order with LO price = 954.8:
- The system arises the cancel order request of remaining limit order.
Note: All conditional orders are valid for the day only, at the end of the day all unfulfilled orders will be canceled.
