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/Derivatives/Futures Trading Guide/
Reverse Opening (One-click Reverse)
Centro de Ayuda
/Derivatives/Futures Trading Guide/
Reverse Opening (One-click Reverse)

Reverse Opening (One-click Reverse)

Hotcoin
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Reverse Opening (One-click Reverse):Reverse opening is designed to switch the direction of the position currently held by the user with one click, or forecast a turnaround in the market. That is, a long position is switched to a short position while a short position is switched to the long position. So as to quickly realize the TP/SL function and acquire the market dynamics.

APP Version:
Enter the “ My Holdings” interface, after user click on the Reverse function button and confirm it for twice, the system will automatically close the positions currently selected at the market price and open reverse positions of the same quantities at the market price, at the same time system willing cancel the current close orders selected under the margin (including the Untriggered Stop-limit orders and Trigger Close orders). In order to avoid missing the reversal market or too late to open a position when the reversal market comes.
System will automatically perform the close orders operation before opening a position. In this case, make sure your available margin is sufficient to open the same number of positions. If the margin is insufficient, the opening of the position will fail, but close orders will still be executed by system.

Web Version:

Enter the “ My Holdings” interface, after user click on the Reverse function button and confirm it for twice, the system will automatically close the positions currently selected at the market price and open reverse positions of the same quantities at the market price, at the same time system will cancel the current close orders selected under the margin ( Including the Untriggered Stop-limit orders and Trigger Close orders). In order to avoid missing the reversal market or too late to open a position when the reversal market comes.

System will automatically perform the close orders operation before opening a position. In this case, make sure your available margin is sufficient to open the same number of positions. If the margin is insufficient, the opening of the position will fail, but close orders will still be executed by system.

Please confirm that your operation is correct and click on "Confirm" button, then the position will be closed with a market order and open reverse positions of the same quantity. If you do not want to perform the action, please click on " Cancel" button.

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