Trading Coin-M Derivatives

You can cancel or edit any unfilled or partially filled open orders. When viewing your orders under “Open Orders” (Limit orders) or “Conditional Orders” (Stop Loss or Take Profit orders) you will see the buttons to edit or cancel on the right-hand side.To cancel an order, simply click on the “cancel” button (X on the far right hand side) next to your order and it will be removed from the order book. If you have multiple open orders and you wish to cancel all of them, click on “Cancel All”. 

To edit an order, click on the “Edit” button (second button from the right) next to your order. A pop-up box will appear where you can modify your order’s details. Only the trigger / limit price and quantity can be edited on open limit orders and trigger orders – in order to change the order type and or the trigger signal, the open order/trigger needs to be cancelled and re-submitted with updated parameters.

Note that adjusting the price can cause the order to immediately execute or be rejected depending on market conditions. For example, editing a Limit buy order to a price above the current market price will cause that order to execute immediately as a Taker order (or rejected if post-only is checked).

To close a position you need to place an order in the opposite direction. If you opened a long (buy) position your closing order must be a short (sell) order, and vice versa. This can be done with a limit or a market order, whether submitted directly or attached to an activated trigger order such as stop loss or take profit order.

To close the entire position the quantity for your closing order must match the size of your position. Alternatively you can reduce the size of your position with several smaller orders. While your closing order can be placed via the order form with an opposite-direction order, you can also close it by clicking on the 'X' icon on the far right-hand side of your position under “Positions”.

You can then close your position using a market or limit order. You can view your open positions by clicking the ‘Portfolio’ tab at the top and then clicking on ‘Derivatives’.

Placing closing orders directly from “Positions” helps you quickly exit a position provided there is sufficient supply/demand on the order book. The order direction and quantity is selected automatically.

The order form by default has a Limit order chosen on the Buy side.

You can also place Stop Loss or Take Profit orders for your position simultaneously by checking the box for Stop Loss or Take Profit, which will be reduce-only market orders by default.

To place Stop Loss or Take Profit Limit orders instead, place a separate order after opening your position and click on the “Stop Loss” drop-down below the Buy and Sell buttons to select your desired order type.

Here’s an example of a Limit Buy order with a Stop Loss:

You can cancel or edit any unfilled or partially filled open orders.

When viewing your orders under “Open Orders” (Limit orders) or “Trigger Orders” (Stop Loss, Take Profit and Trigger Entry orders) you will see the buttons to edit or cancel on the right-hand side.

To close a position, place an order in the opposite direction. If you opened a long (buy) position your closing order must be a short (sell) order, and vice versa. This can be done with a limit or a market order, whether submitted directly or attached to an activated trigger order such as stop loss or take profit. See Order Types.

To close the entire position the quantity for your closing order must match the size of your position. Alternatively you can reduce the size of your position with several smaller orders.

While your closing order can be placed via the order form with an opposite-direction order, you can also close it by clicking on “Limit” or “Market” on the right-hand side of your position under “Open Positions”.