May I ask where is the best place to find the entrustment order function of OYi Contract?

Traders can access the entrustment order function within the OYi Contract platform by navigating to the "Contract Trading" section, selecting the desired contract, and clicking the "Entrustment Order" tab in the "Order" section.

Jan 27, 2025 at 07:42 am

Uncovering the Elusive Entrustment Order Function in the OYi Contract

Key Points:

• Understanding the relevance of an entrustment order function in contract trading.
• A thorough guide to locating the entrustment order function within the OYi Contract platform.
• Exploring the various parameters and settings associated with entrustment orders.
• Insights into the advantages and limitations of utilizing entrustment orders.
• Comprehensive FAQs to address common queries and provide additional clarification.

Guide to Finding the Entrustment Order Function in OYi Contract

1. Accessing the Contract Trading Platform:

   • Log in to your OYi Account and navigate to the "Contract Trading" section.
   • Choose the desired contract and market you wish to trade.

2. Locating the Trading Interface:

   • Identify the main trading interface, typically located in the center of the screen.
   • It consists of various tabs, including the "Price," "Depth," and "Order" sections.

3. Identifying the Entrustment Order Tab:

   • Within the "Order" section, locate the tab labeled "Entrustment Order."
   • Click on this tab to access the entrustment order interface.

Understanding Entrustment Order Parameters

1. Buy/Sell Options:

   • Specify whether you want to buy or sell the selected contract.
   • This will determine the direction of your trade.

2. Order Type:

   • Choose from various order types, such as "Limit Order," "Market Order," or "Stop Order."
   • Each order type has unique execution conditions and implications.

3. Order Price:

   • Set the price at which you want to execute your entrustment order.
   • For a Limit Order, this is the price at which you will either buy or sell.

4. Order Quantity:

   • Determine the number of contract units you want to buy or sell.
   • This represents the size of your trade.

5. Leverage:

   • Select the leverage you want to apply to your entrustment order.
   • Leverage amplifies your potential profits but also increases your risk.

Advantages of Using Entrustment Orders

• Increased Precision: Entrustment orders allow you to specify exact execution prices, ensuring you enter or exit trades at your desired levels.
• Time-Saving Automation: By setting up entrustment orders, you can automate your trading strategy and execute trades even when you are away from the platform.
• Risk Management: Entrustment orders can be used to establish stop-loss and take-profit orders, helping you manage your risk exposure.

Limitations of Using Entrustment Orders

• Market Volatility: Entrustment orders may not execute immediately if market conditions change rapidly, potentially resulting in slippage.
• Time constraints: Entrustment orders have a limited lifespan and will expire if not executed within a specified time frame.
• Platform Downtime: If the trading platform experiences technical issues, your entrustment orders may not be executed, leading to missed opportunities.

FAQs

Q: What is the minimum order quantity for entrustment orders on OYi Contract?
A: The minimum order quantity varies depending on the specific contract and market. You can check the contract specifications for details.

Q: Can I modify or cancel an entrustment order after placing it?
A: Yes, you can modify or cancel your entrustment order before it is executed. However, once executed, it cannot be altered.

Q: How long does an entrustment order remain active on the platform?
A: Entrustment orders have a default validity period but can be adjusted within the platform settings. If left unmodified, an order will typically expire after 24 hours.

Q: What is the fee structure for entrustment orders on OYi Contract?
A: The fee structure for entrustment orders varies depending on the contract type and your trading strategy. Refer to the platform's fee schedule for detailed information.

Q: Are there any risks associated with entrustment orders?
A: Yes, entrustment orders carry the same risks as any other type of trade. It is crucial to understand the potential risks involved and trade responsibly.