Horizon Academy
English V3
English V3
  • Horizon Academy
  • Horizon Protocol
    • Introduction
      • Tokenomics
      • Business Model
      • Synthetic Assets - zAssets
    • Security Audit
    • Community
      • How to Initiate a HIP
      • HIPs
        • HIP-23 Revenue Sharing Model: Intent-based System Phase one
        • HIP-22: Create a zUSD - USDC pool on Pancakeswap V3
        • HIP-21: Stop Incentives to the zBNB - BNB pool on Wombat Exchange
        • HIP-20: Suspend zMATIC Market and Introduce zPOL Ahead of MATIC to POL Migration
        • HIP-19: Temporarily reduce C-Ratio to 350%
        • HIP-18: Add DOGE and SHIBA to Horizon Futures
        • HIP-17: Add DOT, AVAX, and MATIC to Horizon Futures
        • HIP-16: Add XRP, ADA, and LINK to Horizon Futures
        • HIP-15: Add SOL to Horizon Futures
        • HIP-14: Reduce Trading Fees during Horizon Futures Promotional Period
        • HIP-13: Suspend zNVDA market ahead of Stock Split and convert zNVDA to zUSD
        • HIP-12: Updated Utilization of zUSD & zBNB Liquidity
        • HIP-11: Redirect HZN from EARN Pool to PancakeSwap as ‘Bribe’ using Cakepie
        • HIP-10: Use zAssets from Community Fund staking to provide liquidity on Wombat via Yield Aggregator
        • HIP-9: Redirect HZN from EARN Pools to Wombat Exchange as ‘Bribes’
        • HIP-8: Move the zUSD-BUSD and zBNB-BNB Liquidity Pools to Wombat Exchange
        • HIP-7: Utilize the Community Fund for Additional Liquidity
        • HIP-6: Lower Target C-Ratio to 600% from 700%
        • HIP-5: List New zAssets
        • HIP-4: Use Keepers to Close Weekly Fee Periods
        • HIP-3: Suspend zTSLA ahead of Stock Split
        • HIP-2: Lower Target C-Ratio to 700%
        • HIP-1: Create incentivized zBNB/BNB pool
      • Community Grant Program
    • FAQs
  • Stake & Earn
    • Introduction
    • Staking on Horizon Protocol
      • Staking and Rewards
      • Mint, Burn, and Claim
      • Collaterialization and C-Ratio
      • Liquidation
      • Managing Risk
      • C-Ratio Strategies
      • Hedge your Portfolio
    • Interfaces
      • Account - Escrow
      • Account - Authorize
      • Account - History
    • Guides
      • How to Stake by Minting zUSD
      • Adding Liquidity for zUSD and zBNB pools
      • Add Liquidity for HZN-BNB
      • Remove LP Tokens for zUSD-BUSD Pool
      • Setting Up Chainlink Automation
  • Educational Articles
    • Glossary and Definitions
    • What are DeFi Derivatives and how are they used
    • A Brief History of Synthetic Assets and Financial Derivatives
    • DeFi Derivative Projects
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On this page
  • Long
  • Short
  • Market Order
  • Limit Order
  • Stop Order
  1. FUTURES
  2. Futures Trading on Horizon Protocol

Order Types

Horizon Futures empowers traders with different order types to maximize the trading experience. While market orders are the most straightforward option to instantly open a position, limit and stop allow users to select a price parameter to trigger a new position. In addition to these three available options to open a position, users can set take-profit and stop-loss orders that will close the position when certain price parameters are met.

Long

Long positions will be in profit when the market price is higher than the entry price, and will be at loss when the market price is lower than the entry price. Both profit and loss remain unrealized until the position is manually closed by the user or triggered by stop-loss, take-profit orders, or liquidation.

Short

Short positions will be in profit when the market price is lower than the entry price, and will be at loss when the market price is higher than the entry price. Both profit and loss remain unrealized until the position is manually closed by the user or triggered by stop-loss, take-profit orders, or liquidation.

Market Order

A market order will be instantly opened at the market price of the asset, which is provided by the oracle at the moment of the creation of the order.

Limit Order

A limit order will open a position when the market price of the asset meets a customizable condition. Users must enter the Limit Price that will be used as reference to trigger the order.

For Long Limit orders, the market price must be equal or lower to the preset price in order to trigger the Limit order and open the position.

For Short Limit orders, the market price must be equal or higher than the preset price to trigger the Limit order and open the position.

Stop Order

Similar to Limit, Stop orders will open a position when the market price of the asset meets a certain customizable condition. Users must enter the Stop Trigger Price that will be used as reference to trigger the order.

For Longs Stop orders, the market price must be equal or higher to the preset price in order to trigger the Stop order and open the position.

For Short Stop orders, the market price must be equal or higher than the preset price to trigger the Stop order and open the position.


To start trading visit or continue exploring the Academy to learning more about how Futures work.

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