In CFD trading, placing an order is not only a simple action of "buying" or "selling", but also a comprehensive decision on risk, timing and execution method. Wmax The platform provides a complete, transparent and highly controllable order type system, covering mainstream tools such as market orders, limit orders, stop-loss orders, trailing stop-loss and OCO (cancel one party) combination orders. Each order has clear trigger logic and execution rules to help users achieve precise entry, exit and risk control in different market environments.

This article will systematically introduce Wmax’s core order types and their applicable scenarios, helping users advance from “being able to place orders” to “knowing how to place orders” and truly taking the initiative in transaction execution. All functional designs are centered around user control, ensuring that every instruction is executed as expected.

1. Market order: a basic tool for quick entry

Market Order is the most commonly used order type in Wmax, which is used for immediate execution at the current best available price. It is suitable for scenarios where users have confirmed the direction and are pursuing quick position building, such as chasing after a breakthrough is confirmed or event-driven trading. Wmax’s market order supports specified lot size or automatic calculation of positions based on the percentage of account net value, taking into account flexibility and risk control consistency.

It should be noted that market orders may experience slippage during periods of high volatility - that is, there is a difference between the transaction price and the price displayed when the order is placed. Wmax By displaying the "estimated slippage range" and "maximum acceptable deviation" setting items in real time, users can be informed in advance and choose whether to accept it. After all market orders are executed, the system automatically generates a transaction report, including the actual transaction price, spread cost and handling fee details.

2. Limit order: precise layout according to planned price

A limit order allows users to set a target price that is better than the current market price, and a transaction will be triggered only when the market price touches this level. For example, longs can set a buy limit below the current price, and shorts can set a sell limit above the current price. This kind of "no rabbit, no hawk" approach is suitable for the buy low, sell high strategy in a volatile market.

The limit order of Wmax supports validity period settings (valid on the same day, GTC long-term valid, and expires on a specified date), and can be superimposed with the "position reduction only" option to avoid accidentally increasing reverse risks. Users can also combine limit orders and stop-loss orders into OCO orders to achieve intelligent linkage of "one order is completed and the other is automatically canceled" to improve the efficiency of pending orders.

3. Stop loss order: the core line of defense for risk control

Stop order is used to trigger closing or opening a position in the unfavorable direction. For example, you can set a stop-loss sell order for a long position, which will automatically close the position when the price drops to a preset level to limit losses. Wmax’s stop loss order is based on the logic of market price trigger + market price execution, ensuring that you can still exit the market quickly in extreme market conditions.

In order to deal with the risk of gapping, Wmax provides the "Stop-Limit" option: users can set the trigger price and limit price, and the transaction will only be completed when the price is within the limit price range after the trigger. While the deal may not be fully filled, extreme slippage can be avoided. The system will prompt the historical transaction rate of the order in similar recent market conditions before placing an order to assist users in decision-making.

4. Trailing stop loss: dynamic protection that allows profits to run

Trailing Stop is a dynamic stop loss mechanism that automatically moves up (long) or down (short) as the price changes favorably, locking in some floating profits while retaining room for continued profits. For example, after setting a 30-point trailing stop, if the price rises by 100 points, the stop-loss position will automatically move up by 70 points to ensure that at least 70 points of profit are retained.

Wmax’s trailing stop supports two modes: points or percentage, and can exist independently of the main order - even if the network is interrupted, the server will continue to monitor and execute. Users can view the current tracking position in real time on the position details page and adjust or close it at any time, taking into account the flexibility of automation and manual intervention.

5. OCO and advanced combination orders: one-click implementation of complex strategies

For strategies that require multi-condition coordination, Wmax provides OCO (One-Cancels-the-Other) orders: users can place a limit price take-profit order and a stop-loss order at the same time. After either order is completed, the other order is automatically canceled. This avoids the omissions of manual marking and ensures that the profit and loss ratio is strictly enforced.

In addition, the platform supports "batch pending orders" and "templated combination orders", such as "breakthrough buy + trailing stop loss + reverse hedging" three order linkage. All combination orders will be logically verified before submission to prevent conflicting settings. After execution, each sub-order is recorded independently to facilitate subsequent review and audit.

Conclusion: Placing an order is not an action, but an extension of the strategy

In Wmax’s philosophy, order types are not technical details, but a concrete expression of trading strategies. Only by understanding the triggering logic and applicable boundaries of each order can we truly realize "what you think is what you get". Because true trading freedom is not about clicking randomly, but being able to use the most appropriate tools to accurately execute your judgment at every market moment - and this starts with a clear grasp of the order system.