How to cancel the pending order of CoinEx contract?

Understanding Pending Orders on CoinEx Contract

Before diving into the steps to cancel a pending order, it's essential to understand what a pending order is within the context of CoinEx Contract. A pending order refers to an instruction placed by a trader that has not yet been executed due to market conditions not meeting the specified criteria, such as price or time. These orders remain in the system until they are either filled or manually canceled.

CoinEx supports various types of pending orders, including limit orders, stop-limit orders, and conditional orders. Each of these behaves differently depending on the market price and your set parameters. Understanding which type of order you've placed is crucial before attempting to cancel it.

Navigating to the Order Management Section

To begin the cancellation process, log in to your CoinEx account and navigate to the Contract Trading interface. Once inside, locate the 'Orders' tab, which typically appears at the top or side of the trading panel. This section contains multiple sub-tabs, including 'Open Orders,' 'Order History,' and 'Trade History.'

Click on 'Open Orders' to view all active and pending orders currently associated with your account. Here, you should see a table displaying details like the symbol, order type, quantity, price, and status of each order. Identify the specific order you wish to cancel by cross-referencing the order ID or timestamp.

Selecting and Canceling the Specific Pending Order

Once you’ve located the correct pending order, look for a column labeled 'Action' or 'Operations' within the table. In this column, there will typically be a button or link labeled 'Cancel' next to the relevant order.

• Click on 'Cancel' to initiate the cancellation request.
• A confirmation pop-up may appear asking if you're sure you want to proceed.
• Confirm your choice by clicking 'Yes' or 'Confirm'.

In some cases, especially during periods of high volatility or network congestion, the system might display a message indicating that the order has already been partially filled or executed. If this happens, only the unfilled portion of the order can be canceled.

Bulk Cancellation of Pending Orders

If you have multiple pending orders and wish to cancel them simultaneously, CoinEx provides a bulk cancellation feature under the same 'Open Orders' section. Look for a button labeled 'Cancel All' or 'Bulk Cancel.'

• Click on 'Cancel All' to send a cancellation request for all open and pending orders across all trading pairs.
• Again, a confirmation dialog box will likely appear; confirm your action.
• Wait a few moments while the system processes your request and updates the list of open orders accordingly.

Note that bulk cancellation applies only to unfilled orders. Any order that has already been partially or fully executed cannot be canceled through this method.

Verifying the Cancellation via Order History

After canceling one or more pending orders, it’s important to verify that the changes have taken effect. Navigate to the 'Order History' tab to review a record of all your past orders, including those that have been canceled.

Look for the order(s) you canceled and check the status column. It should now reflect 'Canceled' instead of 'Pending' or 'Partially Filled.' This confirms that the cancellation was successful and the order will no longer affect your trading position.

Additionally, you can also receive notifications via email or in-app alerts (if enabled) confirming the cancellation of your orders.

Frequently Asked Questions

What happens after I cancel a pending order?Once a pending order is canceled, it is removed from the order book and will no longer execute. The funds or assets previously reserved for that order will be released back into your available balance.

Can I cancel a pending order using the CoinEx mobile app?Yes, the CoinEx mobile application allows users to cancel pending orders. The process is similar to the web version: go to the Contract section, access the Open Orders tab, and select Cancel next to the desired order.

Why can’t I cancel my pending order?There are several reasons why you might be unable to cancel a pending order:

• The order has already been executed or partially filled.
• Market conditions triggered the execution before cancellation could occur.
• Temporary system maintenance or technical issues are affecting order management features.

Is there a fee for canceling a pending order?No, CoinEx does not charge any fees for canceling pending orders. Fees are incurred only when orders are successfully matched and executed in the market.