Delegation orders are pre-set trading instructions that execute transactions automatically even when you're offline. OKX Contracts offer various delegation order types, including limit orders, market orders, and stop-loss orders. You can place, modify, and cancel orders via the delegation panel on the trading page or a standalone delegation order interface. Using delegation orders helps manage risks, control execution prices, and achieve trading goals.
OKX Contracts: A Comprehensive Guide to Delegation Orders
What Are Delegation Orders?
Delegation orders are pre-set instructions that direct the exchange to execute trades automatically at your specified price and quantity. This ensures transactions proceed even when you're offline or asleep.
Types of Delegation Orders in OKX Contracts
OKX Contracts provide multiple delegation order types to suit diverse trading strategies:
- Limit Orders: Execute trades at specified price levels.
- Market Orders: Execute trades immediately at current market prices.
- Take-Profit Orders: Trigger buy/sell orders when prices reach or exceed predefined levels.
- Stop-Loss Orders: Trigger buy/sell orders when prices fall to or below predefined levels.
- Trailing Stop Orders: Dynamic stop-loss orders that adjust as prices move favorably.
- Conditional Orders: Execute only when specific conditions (e.g., price thresholds) are met.
How to Place a Delegation Order?
Creating a delegation order on OKX Contracts is straightforward:
- Log in to your OKX account and select the "Contracts" tab.
- Under "Delegation," choose your desired order type.
- Enter order details (quantity, price, leverage if applicable).
- Click "Place Order."
Entry Points for Delegation Orders
OKX Contracts offers two entry points to access delegation orders:
- Trading Page: The right-side "Delegation" panel lets you create/manage orders.
- Standalone Interface: Click the "Delegation" tab at the top of the trading page for a dedicated order management view.
Managing Delegation Orders
After placing orders, manage them via the "Delegation" panel or standalone interface:
- Modify Orders: Adjust price, quantity, or other parameters.
- Cancel Orders: Terminate unexecuted orders.
- View History: Track past delegation orders.
Pro Tips
- Use limit orders to control execution prices.
- Leverage take-profit and stop-loss orders for risk management.
- Exercise caution with leverage—it amplifies gains and losses.
- Regularly review orders to align with your strategy.
Frequently Asked Questions (FAQs)
Q: Can I modify a delegation order after placing it?
A: Yes, you can edit price, quantity, or other details before execution.
Q: Are delegation orders free to use?
A: Standard trading fees apply, but no additional charges for delegation features.
Q: How long do delegation orders remain active?
A: They stay active until executed, canceled, or expired (if expiration is set).
Q: Can I set multiple delegation orders simultaneously?
A: Absolutely! OKX allows concurrent orders for diverse strategies.
Q: What happens if my delegation order isn’t filled?
A: Unfilled orders expire or remain pending based on your settings.
Conclusion
Delegation orders are powerful tools on OKX Contracts, enabling offline trading, risk management, and goal achievement. By following this guide, you’ll harness their full potential to elevate your trading experience.
👉 Master advanced delegation strategies today
For further assistance, contact OKX’s support team—they’re happy to help!