The Time Trigger Order feature allows traders to schedule market orders to execute at a specific date and time, eliminating the need for manual monitoring. This is particularly useful for traders who want to react to certain key market events without monitoring the trading chart at the exact moment and automate trade execution effectively.
With this feature, users can pre-set their market entry based on anticipated volatility, ensuring they never miss an opportunity due to unavailability.
A Time Trigger Order is a type of conditional order that executes at a predefined time set by the trader. Unlike market or limit orders, which depend on price conditions, time trigger orders are scheduled to activate automatically based on a specified time, making them useful for strategic trade execution without manual intervention.
Note: Time Trigger Orders are currently only available as market orders and will be filled based on the best bid and best ask price.
How Time Trigger Orders Work
- Traders set a specific execution time for their orders.
- Once the scheduled time is reached, the order is placed on the market as a market order.
- The order is executed at the best bid and best ask price at the specified time.
How to Set Up a Time Trigger Order
Via Mobile App
- Tap on the Market tab, then select Perpetual.
- Choose the symbol for which you want to place a time trigger order.
- In the Order Zone, select Trigger Order > Trigger Time. From there, set the order details, including size, leverage, and the trigger time (Note: The time is based on your local timezone)
Tap Buy or Sell, depending on the direction you want to open the position.
- If the trigger time order is successfully placed, a confirmation message will be displayed.
Via Web
- Tap on the Trade tab and select Perpetual.
- Navigate to the Order Zone and select Trigger Order > Trigger Time. Set the Trigger Time (Note: The time is based on your local timezone), Leverage, and Position Size.
Tap Buy or Sell, depending on the direction you want to open the position.
Time trigger orders provide traders with greater control over execution timing, helping them align trades with market events and avoid constant monitoring. By leveraging this feature, traders can optimize their strategies and automate trade execution effectively.