Futures order types
In OSL Futures trading, multiple order types are available to support different trading strategies and risk management needs. Users can choose the order type that best suits current market conditions.
Limit order
A limit order allows users to set a desired execution price. When the market price reaches that level, the system will execute the order at the specified price or a better one.
Advantage: Control over the execution price.
Risk: The order may not be filled immediately in highly volatile markets.
Market order
A market order is executed immediately at the best available market price. It is suitable for users who wish to enter or exit a position quickly.
Advantage: Immediate execution.
Risk: May experience slippage if market depth is insufficient.
Take profit / Stop loss order
Stop Loss Order: Automatically sells when the price reaches the stop-loss level to limit losses.
Take Profit Order: Automatically sells when the price reaches the take-profit level to lock in profits.
Post-only order
A post-only order ensures that the order is placed as a Maker order in the order book and does not execute immediately. If the order price matches existing orders immediately, the system automatically cancels it.
Order execution methods (GTC / FOK / IOC)
GTC (Good Till Cancel): Remains valid until you manually cancel it.
FOK (Fill or Kill): The order must be fully executed immediately or it will be canceled.
IOC (Immediate or Cancel): The order will execute any portion that can be filled immediately, and the unfilled portion will be canceled.
If you experience any issues or require further assistance, please contact the OSL Global Support Team through the app, platform, or by emailing [email protected]