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What are advanced orders? - Advanced Orders

In addition to basic orders (limit order, market order, auction order, etc.), Futu provides customers with a series of advanced orders. Advanced Orders support more flexible order trigger logic,which makes it easier for users to implement Take Profit and Stop Loss strategies.

Advanced order types

● stop order

● stop limit order

● market if touched order

● limit if touched order

● trailing stop order

● trailing stop limit order

*For specific order descriptions, please go to the Help Center for the corresponding market FAQ.


Order Description

Advanced Orders allow users to set up specific strategies that allow the system to trigger basic orders under certain conditions. Usually, an Advanced Order is not immediately submitted to the exchange but will be placed in Futu's internal order queue when the condition is unmet.

Please note that in order to give users more flexibility in setting up advanced orders, the system does not immediately freeze the buying power or positions when a user places an advanced order. Only after the condition is triggered, the corresponding buying power or positions will be frozen. If there is not enough buying power or positions in the account at the time of the trigger, the order may be cancelled.

The specific markets and trading directions supported by the advanced orders are shown in the following table.

order 

type

HK

Stocks

HK 

Options

U.S. 

Stocks/

Options

Future

Buy to

Open/Sell Short

Buy to 

Close/Sell

stop



stop limit

market if 

touched



limit if 

touched

trailing 

stop




trailing 

stop limit