McnEx Contract Trading currently supports three order types:
1️⃣ Market Order
2️⃣ Limit Order
3️⃣ Conditional Order
1️⃣ Market Order
A Market Order is an order executed immediately at the best available market price, suitable for users who wish to enter or exit positions quickly.
✅ Features:
• Executes immediately after placement (execution delay may occur under extreme market conditions).
• Ideal for strategies requiring instant execution.
⚠️ Notes:
• The total amount of a single Market Order may not exceed 100,000 USDT; orders exceeding this limit will fail.
• The maximum order quantity for Market Orders of each trading pair is dynamically adjusted according to market conditions.
�� Example:
If the latest BTC transaction price is 26,000 USDT and you want to buy BTC instantly, you may place a Market Order. After entering the quantity and submitting the order, the system will automatically match and execute the trade at the current market price.
2️⃣ Limit Order
A Limit Order allows you to set your preferred price and quantity. The system will place the order on the market for matching only when the market meets your specified conditions.
✅ Features:
• Lets you control the execution price, perfect for precise entry and exit timing.
• If the market price does not reach your limit price, the order will remain pending until matched.
⚙️ Execution Modes:
• Post Only: Enabled by default. Ensures the order will not be filled immediately. If immediate execution is possible, the order will be canceled automatically to guarantee Maker status.
• IOC (Immediate or Cancel): Any unfilled portion of the order will be canceled immediately.
3️⃣ Conditional Order
A Conditional Order lets you preset a trigger price, order price, and quantity. When the market price reaches the trigger condition, a Limit Order will be placed automatically.
�� Parameter Description:
• Trigger Price: The price level that activates the order.
• Order Price & Quantity: The trading terms that take effect once triggered.
⚠️ Notes:
• Conditional Orders are only available for actively traded contracts.
• Order quantity must comply with the minimum trading limit of the corresponding trading pair.
• Funds and positions will not be frozen before the order is triggered.
• After triggering, the system will verify opening/closing conditions. Insufficient funds, insufficient positions, abnormal prices, and other issues may cause order failure.
• The Limit Order placed after triggering is not guaranteed to be filled; it still depends on subsequent market conditions.
�� Supplementary Note:
A Limit Order guarantees your desired price but not guaranteed execution. Even if a Conditional Order is successfully triggered, it may remain unfilled if the market never reaches your set limit price.