Are the ways to close the contract mode the same in the Ouyi web version and the APP version?

Traders on Ouyi can leverage various closing modes like Market Close, Limit Close, and Trailing Stop Close to optimize their contract closing strategies and mitigate risks.

Jan 25, 2025 at 10:48 am

Key Points

• Overview of contract closing modes in Ouyi
• Step-by-step guide to closing contracts on Ouyi web version
• Step-by-step guide to closing contracts on Ouyi APP version
• FAQs related to contract closing on Ouyi

Overview of Contract Closing Modes in Ouyi

Ouyi offers multiple contract closing modes to meet the diverse needs of traders. These modes include:

• Market Close: Closes the position at the current market price.
• Limit Close: Closes the position at a specified price, providing greater control over the closing price.
• Stop-Limit Close: Closes the position when the market price reaches a specified stop price and the specified limit price is executed.
• Trailing Stop Close: Closes the position when the market price moves in an unfavorable direction, minimizing potential losses.

Step-by-Step Guide to Closing Contracts on Ouyi Web Version

1. Log in to the Ouyi website.
   Navigate to the Ouyi website and log in to your account.
2. Navigate to the contracts tab.
   Click on the "Contracts" tab located at the top menu bar.
3. Select the contract to close.
   From the "Contracts" page, select the contract you wish to close by clicking on its symbol or the "More" button.
4. Open the trading interface.
   A new trading interface will open. In the "Positions" section, locate the position you want to close and click on the "Close" icon.
5. Choose the closing mode.
   From the pop-up menu, select the desired closing mode (Market, Limit, Stop-Limit, or Trailing Stop).
6. Enter the parameters (optional).
   Depending on the closing mode selected, you may need to enter specific parameters such as the limit price or stop price.
7. Confirm the close.
   Carefully review the details of the closing order and confirm the closing price and size. Click on the "Close" button to submit your order.

Step-by-Step Guide to Closing Contracts on Ouyi APP Version

1. Log in to the Ouyi APP.
   Download and launch the Ouyi APP on your mobile device. Log in to your account.
2. Navigate to the contracts section.
   Tap on the "Contracts" icon located at the bottom navigation bar.
3. Select the contract to close.
   From the "Contracts" page, select the contract you wish to close by tapping on its symbol or the "More" button.
4. Open the trading interface.
   A new trading interface will open. In the "Positions" section, locate the position you want to close and tap on the "Close" icon.
5. Choose the closing mode.
   From the pop-up menu, select the desired closing mode (Market, Limit, Stop-Limit, or Trailing Stop).
6. Enter the parameters (optional).
   Depending on the closing mode selected, you may need to enter specific parameters such as the limit price or stop price.
7. Confirm the close.
   Carefully review the details of the closing order and confirm the closing price and size. Tap on the "Close" button to submit your order.

FAQs Related to Contract Closing on Ouyi

Q: What is the recommended closing mode for beginners?
A: Market close is a simple and direct method, suitable for beginners who prioritize convenience and fast execution.

Q: Which closing mode offers the most control over the closing price?
A: Limit close provides the most control as it allows traders to specify a target closing price for their position.

Q: What is the advantage of using a stop-limit close?
A: Stop-limit close combines the benefits of stop-loss and limit orders, triggering a close at a specified stop price when the market moves unfavorably and then selling at a specified limit price to minimize losses.

Q: Can I modify a closing order before it is executed?
A: Once a closing order is submitted, it cannot be modified. Traders must carefully consider the parameters before submitting the order.