How to trade futures on WEEX | Complete guide to market, limit, trigger, and trailing stop orders

This guide shows you how to start futures trading on WEEX, including setting leverage, margin modes, and how to place market, limit, trigger, and trailing stop orders.
 

ℹ️ This tutorial uses USDT-M futures as an example and applies to web platform.

Step 1: Open the futures trading page

After logging in to your WEEX account, go to "Futures" in the web navigation bar, then select "USDT-M Futures".

💡 USDT-M futures: Derivatives settled and margined in USDT, making them the preferred choice for most traders.

Step 2: Choose a trading pair

On the futures trading page, find the trading pair in the top left (such as BTC/USDT) to switch between different pairs such as ETH, SOL, or BNB.

Step 3: Set leverage

In the order panel, go to the leverage setting (usually set by default to 10× or 20×) to adjust your preferred leverage level.

⚠️ Note: Higher leverage increases both potential profits and potential losses.



Step 4: Select margin mode

Next to the leverage setting, you can choose between two margin modes:

Step 5: Place a market order

A market order executes immediately at the best available market price without setting a specific price.

📌 How to place a market order

1. Select the "Market" tab in the order panel.
2. Enter your order size in the "Amount" field, or use the percentage slider.
3. Use "Open Long" to open a long position or "Open Short" to open a short position.
4. Confirm the order, and it will be executed instantly at the current market price.

ℹ️ Market order pros & cons
Pros: Orders execute instantly with a very high fill rate, making them ideal for fast entries and exits.
Cons: During high volatility, the execution price may differ from the displayed price due to slippage.
 

Step 6: Place a limit order

A limit order lets you set a target trigger price. Once the market reaches that price, the order is placed at the current market price, so the final execution price may differ from the price you set.

📌 How to place a market order

1. Select the "Limit" tab in the order panel.
2. Enter your target price in the "Price" field (for example, 92,000 USDT).
3. Enter your order size in the "Amount" field.
4. Use "Open Long" or "Open Short" to place the order.
5. The order will remain open until the market reaches your selected price and gets filled.

• ℹ️ Limit order pros & cons
  Pros: Once a trigger price is set, the order is automatically placed when the market reaches that level. Great for planned entries and trading.
  Cons: The trigger price only activates the order—execution still happens at the market price, so slippage may occur. If you need tighter price control, consider using a trigger order instead. Orders that never reach the target price will remain open until canceled manually.
  
  ⚡ Market order                                                                               
  Executes instantly at the current market price 
  No price setup required       
  Best for chasing momentum and fast entries 
  Slippage may occur  
  
  🎯 Limit order
  Executes at market price after the trigger price is reached
  Lets you set a target price
  Best for planned entries
  May qualify for maker fees by adding liquidity
   

Step 7: Place a trigger order

A trigger order is a conditional order type. After setting a trigger price, the order will only be activated and submitted as a market order or limit order once the market reaches that price.

In simple terms: A trigger order = trigger price + an order. Before the trigger price is reached, the order will not appear in the order book.

📖 Example use case

Suppose BTC is currently trading at 94,000 USDT, and you believe a breakout above 96,000 USDT confirms further upside. You can set: Trigger price = 96,000 USDT, order type = market buy. Once BTC reaches 96,000 USDT, a long position will be opened automatically at the market price.
 

📌 How to place a trigger order

1. Select the "Trigger" tab in the order panel.
2. Set a trigger price. The order will activate once the market reaches this price.
3. Choose the order type after triggering:

• Market order: Executes immediately at the market price after being triggered.
• Limit order: Places a limit order at your specified price after being triggered.

4. Enter the order amount.
5. Use "Open Long" or "Open Short" to submit the order.
6. You can view or cancel pending trigger orders under "Open Orders" → "Trigger".

ℹ️ Trigger order pros & cons
Pros: No need to monitor the market constantly. Orders can execute automatically when price breaks key levels, and can also be used for stop-loss protection.
Cons: If a market order is selected after triggering, slippage may occur. If a limit order is selected, the order may not get filled during high volatility.
 

💡 Tip: Trigger orders are commonly used for breakout entries and stop-loss strategies, making them a popular tool among advanced traders.

Step 8: Place a trailing stop order

A trailing stop order dynamically follows market price movements. After setting a callback percentage, the trigger price moves along with the market when price moves in your favor. Once the market reverses by the preset percentage, the order is triggered automatically.

Core idea: Lock in profits while still giving the trend room to move, helping avoid exiting too early during small pullbacks.

📖 Example use case

You're holding a BTC long position opened at 90,000 USDT, and the current price has risen to 96,000 USDT. Set a trailing stop with a 3% callback rate:

• If BTC continues rising to 98,000 USDT, the trigger price moves up to about 95,060 USDT (98,000 × (1 - 3%)).
• If BTC then drops from 98,000 to 95,060 USDT, the position is closed, locking in roughly 5,000 USDT in profit.
• If BTC keeps climbing, the trigger price continues moving higher, allowing profits to grow further.

📌 How to place a trailing stop order

1. Select the "Trailing" tab in the order panel.
2. Set an activation price (optional): The trailing order will only activate after the market reaches this price. If left blank, tracking starts immediately.
3. Enter a callback rate as a percentage (%).
4. Enter the order amount.
5. Choose the order side: Open long: Used for trailing take-profit on long positions. Open short: Used for trailing take-profit on short positions.
6. Once submitted, you can view the live tracking status under "Open Orders" → "Trailing Stop."
   
   

ℹ️ Trailing stop pros & cons
Pros: Automatically locks in unrealized profits and helps maximize gains during trending markets without manually adjusting TP/SL levels.
Cons: In choppy markets, trailing stops may trigger frequently. A callback rate set too tight may close positions too early, while a wider setting may allow larger pullbacks.


🛡️ Tip: The callback rate can be adjusted based on the asset's average true range (ATR). For example, BTC often moves around 2 – 3% intraday, so a callback rate of 2.5% – 4% is commonly used depending on market conditions.


📊 Quick comparison of the four order types

⚡ Market order

• Executes instantly at market price
• Fastest execution, no pending order
• Best for quick entries and exits
• Slippage may occur
   

🎯 Limit order

• Set a trigger price and wait for execution
• Executes at market price after being triggered
• Best for planned entries
• Won't execute unless the target price is reached
   

🔔 Trigger order

• Activates only after the trigger price is reached
• Supports both market and limit orders
• Commonly used for breakout trades and stop-losses
• Hidden from the order book before triggering
   

📈 Trailing stop order

• Dynamically follows market price movements
• Triggers based on the callback rate
• Great for locking in profits during trends
• May trigger easily in choppy markets
   

Step 9: Monitor and close your position

After your order is filled, view your position details under the "Positions" tab at the bottom of the page, including:

• Entry price/current mark price
• Unrealized PnL
• Est. liquidation price
• Margin

To close a position, use "Close" and choose either a market close (flash close) or limit close order.
 

🛡️ Strongly recommended: Set stop-loss and take-profit orders when opening a position to help manage risk and protect your funds during volatile market conditions.
 

📋 Quick recap

⚠️ Risk disclaimer: Futures trading involves high risk and may result in the loss of your entire principal. This content is for educational purposes only and doesn't constitute investment advice. Trade responsibly and make decisions based on your own risk tolerance after fully understanding the risks involved.