A Stop-Market and Take-Profit-Market order will be executed at a best available market price, once a Trigger condition has been met. As for now there is only one trigger condition available - a certain Spot Price.
Explanation of a Stop-Market and Take-Profit-Market mechanics:
Trigger price: When the asset spot price reaches the given Trigger price, the stop-market/take-profit-,market order is executed to buy or sell the position contracts at the best available price on a ladder.
Quantity: The quantity of contracts to buy or sell in the stop-market/take-profit-market order.
Allow position increase: When checked, the conditional order will behave like an ordinary order. Meaning that position may change it's direction, e.g. from Long to Short or otherwise. In case this option is selected, exchange will check if your ABAL is sufficient to trigger this order and in case it is not - delayed action will be rejected on a triggering.
Cost: Approximate amount of DGTX that has to be on your trading account balance in order to support execution of stop-market or take-profit-market order with checked "Allow increase position"
Example:
A trader have an open position of 100 contracts long with $18,900 entry price and want to place a take profit on this trade.
His setup would look like following:
With the settings like above a market close would be executed once Spot Price of the asset hit 19200 mark or above.
Please pay attention that it is not recommended to place a stop-market close to liquidation price as it may result unwanted losses due to not sufficient order book offers or change of liquidation price due to funding.
Eventually you will be able to review all of your stop-market and take-profit-market orders on a special tab called "Delayed actions", from where you can easily cancel one.
