Q: What is Instant Flip?
A: Instant Flip is a feature that allows users to quickly reverse their current open position to a new position in the opposite direction with just one action.
Q: What type of order is placed using Instant Flip?
A: Instant Flip executes a Market Order.
Q: How are the exit and entry prices determined when using Instant Flip?
A: The exit price for closing your current position and the entry price for opening the new position are based on the Best Bid/Ask Price.
Example:
- If you're flipping a Long position:
- The exit price (for the Long position) will be the Best Bid Price.
- The entry price (for the new Short position) will also be the Best Bid Price.
Q: How is the position quantity determined when using Instant Flip?
A: The position quantity will be based on the invested funds, adjusted to include the realized profit or loss from the original position.
Q: What are the benefits of using Instant Flip?
A: Instant Flip offers a fast and convenient way to reverse your position, particularly during market volatility or when market conditions change rapidly.