OKX conditional orders support two validity period settings: Day (valid until the end of the trading day) and Good Till Cancelled (GTC, remains active until triggered or manually canceled). The "Day" option automatically expires at the daily cutoff time, while GTC orders persist indefinitely. Users can flexibly configure these based on their trading strategies to enhance execution efficiency.
What Are Conditional Orders? Why Use Them?
In cryptocurrency trading, many traders seek automated strategies like "buy when price reaches X" or "trigger orders only at specific conditions." This is where conditional orders (also called planned orders) come into play. Key benefits include:
- Automated stop-loss/take-profit without constant monitoring.
- Precision entries/exits for better trade timing.
- Reduced manual effort by automating repetitive tasks.
These orders are essential for intermediate/advanced traders executing structured strategies.
Validity Period Options for OKX Conditional Orders
OKX provides two time validity settings for conditional orders:
Day (Valid Until Daily Cutoff)
- Expires automatically at the end of the trading day (UTC+8 00:00).
- Ideal for intraday strategies or short-term price targets.
Good Till Cancelled (GTC)
- Remains active indefinitely until triggered or manually canceled.
- Suitable for long-term strategies (e.g., awaiting key support/resistance levels).
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How to Set the Validity Period
- Navigate to the trading pair (web or app).
- Select "Conditional Order" or "Stop-Loss/Take-Profit."
- Configure trigger price, order price, and quantity.
- Under "Validity," choose Day or GTC.
- Submit the order.
Pro Tip: Unfilled orders appear under "Open Orders" and can be canceled anytime.
Best Practices for Validity Settings
- Day Orders: Remember these auto-expire; reset them daily if needed.
- GTC Orders: Review periodically—market conditions may invalidate your original logic.
- High Volatility: Shorter validity windows reduce unintended executions during erratic price swings.
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FAQs
Q: Can I edit a conditional order’s validity after submission?
A: No—you’ll need to cancel and recreate the order with updated settings.
Q: Does OKX charge fees for unexecuted conditional orders?
A: No fees apply unless the order triggers and executes.
Q: What happens if my GTC order isn’t filled for months?
A: It remains active indefinitely (unless manually canceled or the instrument delists).
Note: Ensure stable platform access for seamless order management. Avoid third-party links; use official OKX channels.