1. What is a plan order and what is its purpose?
A plan order is a trading tool independently developed by AICoin. Its main function is to help users hide trading orders, which will only be placed on the exchange after the trigger price is reached, allowing users to bypass the exchange's early order placement.
Hidden orders are primarily aimed at large traders. By using hidden orders, traders can avoid market impact, protect trading strategies, reduce slippage risk, and prevent information leakage. This reduces the market's reaction to their large orders, thereby more effectively managing trading risks and execution costs.
Main features:
- Hide large orders to protect trading privacy.
- Reduce market impact and avoid drastic price changes caused by the exposure of large orders.
2. Function entry: Market - Order - Plan Order - Take Profit/Stop Loss
3. Applicable scenarios:
- Large transactions: Suitable for investors who are sensitive to market price fluctuations.
- Avoid exposure: Traders who wish to hide the true scale of their orders.
- Insufficient liquidity: Prevent excessive slippage in low liquidity markets.
AICoin download: www.aicoin.com
Function link: https://www.aicoin.com/link/main/exchange?type=tp%26key=btcusdt:okex%26modal=order%26category=planOrder
Function link: Plan Order
Group chat: Customer Service Yingying、Customer Service KK
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