All supported order types in Bitget TradFi

When using TradFi on Bitget, the available order types may vary depending on the interface you use—whether it's the TradFi (MT5) feature in the Bitget app, the MT5 desktop client, or the Bitget MetaTrader 5 app. Below is a detailed overview of the order types supported in each scenario.

Using the Bitget TradFi (MT5) app

Market orders

A market order is executed immediately at the current real-time bid/ask price in the market.

• Buy market order: When you place a buy market order, the system executes the trade at the current ask price, letting you buy instantly at the lowest available selling price.

• Sell market order: When you place a sell market order, the system executes the trade at the current bid price, letting you sell immediately at the highest available buying price.

Trigger order

A trigger order is a pending instruction that activates a buy or sell action once the market reaches a specified price.

• If you place a sell trigger order above the current bid price, it functions as a sell limit order. The order will execute at your specified price or higher once that level is reached.

• If you place a sell trigger order below the current bid price, it functions as a sell stop order. When the market drops to your set price, the system executes a market sell order to limit further losses.

• If you place a buy trigger order below the current ask price, it functions as a buy limit order. The order will only execute when the market price falls to your specified price or lower.

• If you place a buy trigger order above the current ask price, it functions as a buy stop order. When the market rises to your set price, the system executes a market buy order to capture potential profit or prevent further loss.

Note: In the Bitget app's TradFi (MT5) service, buy stop limit order and sell stop limit orders are not currently supported.

Using the MT5 client or the Bitget MetaTrader 5 app

Market orders

Market orders function the same way, executing immediately at current market prices.

• Buy market order: Executes at the current ask price, letting you enter the market quickly.

• Sell market order: Executes at the current bid price, allowing you to exit immediately to secure profit or limit loss.

Pending orders

Pending orders are pre-set instructions to buy or sell at a future price level. MT5 supports several types:

• Buy limit: A buy order placed below the current market price. It executes once the ask price reaches or falls below your target, allowing you to buy at a more favorable price.

• Sell limit: A sell order placed above the current market price. It executes once the bid price reaches or exceeds your target, allowing you to sell at an optimal level.

• Buy stop: This order type helps reduce potential losses when the market moves against you. It is placed above the current market price and executes once the ask price reaches or exceeds your specified level, ensuring you enter only after the market confirms upward momentum.

• Sell stop: A sell stop order is designed to protect profits or limit losses as the market declines. It is placed below the current market price and executes once the bid price reaches or falls below your specified level, helping you exit before losses deepen.

Stop orders

Stop orders are primarily used to automatically close positions when the market moves against you (to limit losses) or in your favor (to secure profits).

• Stop-loss: An order triggered at a specified price level to limit losses. When the market reaches your stop-loss level, the system immediately executes at market price.

• Take-profit: An order to secure profits by closing a position once the price hits your target. When the market reaches your take-profit level, the system executes at market price, locking in your profits.

Stop-limit orders

Stop-limit orders combine the features of stop-loss orders and limit orders, providing more control over execution and risk management.

• Buy stop-limit: This order type combines a buy stop order and a buy limit order. Once the buy stop price is reached, instead of triggering a buy order at market price, the system places a buy limit order at your specified price. This lets you control the maximum entry price while still capturing potential upside.

• Sell stop-limit: Similar to a buy stop-limit order, a sell stop-limit order combines a sell stop order and a sell limit order. Once the sell-stop price is reached, the system places a sell limit order at your specific price, allowing you to limit losses while potentially achieving a better exit price.

Trailing stop-loss

Trailing stop-loss orders are dynamic stop orders that adjust with market movements. They maintain a fixed distance from the current price, giving you a more flexible way to manage risk.

• Trailing stop-loss: As the market price moves in your favor, the trailing stop automatically shifts to maintain the set distance from the current market price. This way, you lock in more profit as the market moves in your favor. If the price reverses and hits the trailing stop, the system will close your position immediately to limit losses.

By understanding the order types available in Bitget TradFi (MT5), you can tailor your trading strategies and risk management more effectively. This flexibility helps you capture opportunities and reach your trading goals.