Moomoo Singapore Help Center-What are order trigger times?
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      What are order trigger times?

      1. What are order trigger times?

      Order trigger times are designed to prevent the submission of conditional orders at disadvantageous prices during extreme market fluctuations. These conditional orders include stop limit orders, stop orders, limit-if-touched orders, trailing stop limit orders, and trailing stop orders.

      By setting order trigger times, you can specify how many times a particular condition must be met within one minute before your order is submitted.

       

      Example

      Suppose you place a stop order with a trigger price at 10 HKD, and you set an order trigger condition as follows:

      • Submit the order if the trigger price is met three times within a minute.

       

      Case 1

      Within one minute, the following quotes are observed:

      Quote (HKD)

      10.13

      8.24

      8.85

      12.08

      9.63

      10.32

      Trigger Price Met

       

       

       

      As the trigger price of 10 HKD is met three times, the stop order will be submitted when the quote reaches 10.32 HKD.

       

      Case 2

      Within one minute, the following quotes are observed:

      Quote (HKD)

      10.18

      8.25

      10.83

      7.05

      9.60

      8.64

      Trigger Price Met

       

       

       

       

      As the trigger price of 10 HKD is only met twice, the stop order will not be submitted.

       

      2. Important Notes

      • Low Trading Volume: For securities with low trading volumes, setting a high trigger count may result in the order not being triggered at all.

      • Default Trigger Count: The default trigger count is one, meaning the order is submitted as soon as the trigger condition is met once.

      • Trading Session: The order trigger condition is only active during the trading session you specify.

      • Real-time Monitoring: The system continuously monitors real-time quotes throughout your specified trading session and will submit the order as soon as the trigger condition is met within one minute.