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# Order Lifecycle

The lifecycle consists of three levels as shown in the diagram:

 - Position (unique)

    - - Order 1 (Order 1)

            - - Transaction record 1

            - - Transaction record 2

    - - Order 2 (Order 2)

            - - Transaction record 1

            - - Transaction record 2

The order lifecycle can be divided into several stages:

  • Every time a request for a trade is triggered by the source (customer, program, manager), the system generates an order (an order ticket).

  • When this order is successfully executed (i.e., a trade occurs), a new transaction record is created under the order to capture detailed information;

info

After each order (ticket) generates a transaction record, the system determines whether to create the corresponding position based on the account type:

  • Netting account: Orders with the same trading symbol must be grouped under a single position. If no position exists, a new one is created.

  • Hedging account: Positions are only grouped under the same position when an existing position is closed or reduced (not locked).

Order Fields​

  • Order Number: The order number associated with the trade execution.

  • Trading Account: The account number that placed the order.

  • Request Time: The time when the trade request was made.

  • Requested Price: The requested price (not the executed price).

  • Trading Symbol: The symbol being traded in the order.

  • Trade Type: The direction of the trade (Buy/Sell).

  • Leverage: The leverage ratio for the order. If not applicable, shows as "-".

  • Trading Volume: The volume of the trade, currently counted in lots.

  • Order Type: The following types of orders are currently supported (corresponding order types can be placed on the trading terminal):

      • Market Order
      • Limit Order
      • Stop Loss Order

  • Take Profit/Stop Loss: The take-profit and stop-loss settings for the order.

  • Modified Price: The price recorded when the order status changes (typically when the status updates to "Completed" during transaction record creation).

  • Modified Time: The time recorded when the order status changes (typically when the status updates to "Completed" during transaction record creation).

  • Reason: The source of the order placement, currently supporting the following options:

      • Client: The order placed by the client.
      • Manager: The order placed by the manager on behalf of the client.
      • Forced Close: A trade triggered by the system when the client's net worth falls below the alert threshold.

  • Order Status:

      • Completed
      • Canceled
      • Failed
      • Pending

Transaction Record Fields​

  • Transaction ID: The unique identifier for the transaction record.

  • Order Number: The order number associated with the transaction.

  • Position Number: The position number associated with the transaction.

  • Trading Account: The trading account that the transaction belongs to.

  • Execution Price: The price at which the transaction was executed.

  • Execution Time: The time when the transaction was completed.

  • Transaction Direction: The direction of the trade (not buy/sell):

      • IN: Represents an open or increase position.
      • OUT: Represents a close or reduce position.

  • Trading Symbol: The symbol being traded in the transaction.

  • Trading Volume: The volume of the trade, currently counted in lots.

  • Fees: Recorded only for transaction records with OUT direction.

  • Profit/Loss: Recorded only for transaction records with OUT direction.

  • Swap Fee: Recorded only for transaction records with OUT direction.

Position Fields​

  • Position ID: The unique identifier for the position.

  • Trading Account: The trading account associated with the position.

  • Open Time: The time when the position was opened.

  • Open Price: The price at which the position was opened.

  • Trading Symbol: The symbol associated with the position.

  • Trading Volume: The volume of the position, currently counted in lots.

  • Trade Direction: The direction of the trade (Buy/Sell).

  • Leverage: The leverage ratio for the position. If not applicable, shows as "-".

  • Take Profit/Stop Loss: The take-profit and stop-loss settings for the position.

  • Status: The position can only have two statuses:

      • Open
      • Closed

  • Modified Time: Represents different meanings depending on the status. If the status is "Closed", it refers to the closing time.

  • Profit/Loss: The profit or loss of the position.

  • Fees: The fees associated with the position.

  • Swap Fee: The swap fee for the position.