Order Types

HTZ Order types

Market Orders

• Execution at Optimal Prices: These orders are filled at the current best available market price.

Limit / Stop Orders

• Price-Triggered Execution: Activated at a predefined price. If the market can sustain the trigger price, execution is at that price. If not, it happens at the next best market price upon reaching the trigger level.

Take-Profit / Stop-Loss Orders

• Position Exit Strategies: Set these to close out positions automatically. Execute by placing a limit or stop order in the reverse direction with the Reduce-Only option.

Reduce-Only Orders

• Position Reduction: Designed exclusively to decrease an existing position, canceling any part of the order that would increase or create a position. These orders do not require additional margin.

Protected Orders

• Price Guarded Market Orders: Executes only if the execution price is more favorable than the specified price, else it is canceled.

One-Cancels-the-Other (OCO)

• Linked Order Cancellation: Allows setting an existing order to cancel upon the execution of the new order. This feature is available through specific interfaces.

Expiry

• Time-Limited Orders: Orders can be set to expire at a specific time, with market orders defaulting to a 30-minute expiration and trigger orders to 180 days, unless specified otherwise.

These diverse order types provide traders with a robust toolkit for managing users' trades, positions, and risk with precision and flexibility.