Margin Protocol: Support Orders Feature

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Orders (pending order)

An order to open a buy or sell position in the future, when preset condition is reached.

Required margin are reserved (locked, can’t use for others, unless order is cancelled by trader or closed/removed by broker) when an order is placed.

Types of orders

6 types of order: “Sell Stop”, “Sell Limit”, “Buy Stop”, “Buy Limit”, “Buy Stop Limit” or “Sell Stop Limit”.

Buy Limit Example

• Suppose now EURUSD=1.23.
• Place a 20x 1 lot Buy Limit order of 1.20 by having the required margin reserved (EUR 100,000 x 1.20 x 0.05 = 6,000 USD)
• If EURUSD goes downwards and reached 1.20 or lower at the next day, a long position to buy EURUSD at 1.20 or slightly lower price will be open.