1.What is the Planned entrustment?
“Planned Entrustment” order refers a preset of the “trigger price”, “entrusted price”, and “order amount”. When the newest market price reached the trigger price, it will make an order according to the entrusted price. This function helps you to buy gains and stop loss conveniently.
Your assets will not be frozen before the entrusted plan come to effect.
2.What is the use of the Planned entrustment? (Graphic example)
1) Stop loss scenario
Take BTC/USDT pair for example:
Suppose that you buy 10 BTC at the price of 8162.16 USDT. The price around 8000 USDT is the support level and if the price falls below the support level, it will continue to fall and your loss should be stopped in time. You can sell 10 BTC at a price of 7800 USDT. Use the following parameters to set the Planned entrustment order:
Type: Sell.
Stop: 8000 USDT
Limit: 7800 USDT
Amount: 10 BTC.
Stop profit scenario.
2)Buy gains scenario
Take BTC/USDT pair for example.:
The current price of BTC is 8162.16 USDT. Through indicator analysis, the resistance level of BTC is around 8300 USDT. If the price breaks through resistance level, it will continue to rise. You can buy 10 USDT at a price of 8350 BTC. Use the following parameters to set the Planned entrustment order:
Type: Buy.
Stop: 8300 USDT.
Limit: 8350 USDT.
Amount: 10 BTC.
Buy gains scenario
3)Advanced level
Take BTC/USDT pair for example.:
The current price of BTC is 10000 USDT. Through indicator analysis, the price around 8000 USDT is the support level and if the price falls below the support level, it will continue to fall and your loss should be stopped in time. The resistance level of BTC is around 12000 USDT. If the price breaks through resistance level, it will continue to rise.
At this time, there is a way to place orders in both directions, and to avoid Assets being frozen during the pending order period:
You can sell 10 BTC at a price of 7750, and open another order at the same time to sell another 10BTC at a proce of 12500. Use the following parameters to set the Planned entrustment order:
Order 1:
Type: Sell.
Stop: 8000 USDT
Limit: 7950 USDT
Amount: 10 BTC.
Order 2:
Type: Sell.
Stop: 12000 USDT
Limit: 12050 USDT
Amount: 10 BTC.
Advanced level(Assets won't be frozen during the pending order period)
3.Frequently asked questions:
1) Is there has any limit between Trigger price and entrustment price?
There is no limit, you can set it freely according to the actual situation.
2) Does planned entrusment order charge the extra handling fee?
No extra fee，The transaction fee for the Spot transaction is 0.2% per times, DFT holder can enjoy the discount. Click here to understand DFT discount
Become a VIP user and enjoy a lower transaction fee, with a minimum fee of 0.060%
Click to know how to become a VIP and reduce the transaction fee
3) Can I cancel the planned entrustment order?
Orders can be cancelled before the order is fully filled.
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