How to Use Limit Close or Custom Quantity to Close Positions?

Trading has evolved significantly on advanced platforms, and with continuous improvements in user experience, features like limit close and custom quantity close are now accessible even to signal traders. Previously, users with copy trading permissions—especially those leading trades—faced certain limitations. For instance, contract signal providers couldn't use limit orders or set custom quantities when closing positions, which hindered trading flexibility. But now, thanks to comprehensive upgrades by OKX, contract and spot signal traders can close positions using more precise methods, bringing their trading experience nearly on par with regular traders.

This guide walks you through the updated capabilities for both contract and spot trading leaders, covering how to open and close positions, use stop-loss and take-profit tools, and manage follow-trader behavior—all while maintaining full control over execution strategy.

Contract Traders: Opening and Closing Positions with Precision

How Contract Traders Open Positions

Once a user obtains contract copy trading permission, they must first complete initialization for the target asset. From that point onward, any trade executed will automatically generate a signal sent to followers.

The following order types are supported:

• ✅ Limit Order
• ✅ Market Order
• ✅ Advanced Limit (Post Only, FOK, IOC)
• ✅ Take Profit & Stop Loss
• ✅ Trailing Stop Profit
• ✅ Conditional (Trigger) Orders

Orders that are not supported include:

• ❌ Iceberg Orders
• ❌ Time-Weighted Orders

It’s important to note: automated strategies such as contract grid trading, DCA (Dollar-Cost Averaging), or arbitrage bots do not generate copy signals. These are treated as independent strategies outside the copy trading framework.

👉 Discover how professional traders optimize their entry and exit strategies with precision tools.

How Contract Traders Close Positions

Now, contract signal providers have two primary pathways to close positions—offering greater control than ever before.

Path 1: Close Directly from the Position Panel

Just like regular traders, signal leaders can now click "Close" directly on an open position and define:

• The price at which to close (limit order)
• The exact quantity to close

This means you’re no longer forced into market-only exits. You can now place limit close orders, improving your ability to lock in profits at desired levels.

Additionally:

• In one-way mode, placing an opposite-direction order will automatically reduce or fully close the existing position.
• In hedge mode, you can manage long and short positions separately and close either independently.

All standard order types—including limit, market, conditional, and trailing stop—are supported when closing via the trading panel.

Path 2: Manage Closures via the Copy Trading Dashboard

Signal providers also have access to a dedicated Copy Trading Management Panel, accessible from:

• Trade Interface > Copy Trade
• Follow Trade Square > My Copy Trades

Here, all copy trade orders are displayed in two views:

• Detail View: Shows individual orders; profit and ROI are calculated based on each entry price.
• Summary View: Aggregates all open positions for the same asset, margin type, and direction.

From this dashboard:

• In detail view, you can fully close a single order at market price or set take-profit/stop-loss rules.
• In summary view, you can close all aggregated positions at once with a single market command.

This dual-view system gives you both granular control and macro-level efficiency.

Setting Take-Profit and Stop-Loss: Four Flexible Methods

Signal traders can protect profits and manage risk using multiple approaches:

1. Attach TP/SL when placing the initial order
   Set your targets during entry—ideal for predefined strategies.
2. Place standalone TP/SL orders in the order panel
   Add or adjust profit-taking and risk controls anytime after entry.
3. Set from the active position panel
   Click on your open position and configure trailing stops or fixed exits instantly.
4. Configure via the Copy Trading Management page
   Especially useful for managing multiple follower-linked trades from one interface.

These options ensure that your risk management stays dynamic and responsive—even under fast-moving market conditions.

Spot Traders: Leading Copy Trades with Full Control

How Spot Traders Initiate Buy Signals

After obtaining spot copy trading permission, users must initialize their target assets before signals are transmitted. A key difference in spot copy trading is that funds used for leading trades are frozen and cannot be reused for other activities such as:

• Earning products (e.g., staking)
• Strategy-based trading
• Third-party broker services

Currently, Broker API trading is not supported for spot signal generation.

Below is a breakdown of supported order types and whether they generate signals:

💡 Note: While iceberg and TWAP orders are allowed for personal trading, they do not trigger copy signals. This ensures signal clarity and prevents fragmented or misleading executions from being broadcasted to followers.

How Followers Automatically Close Positions

The follower experience is designed for seamless synchronization.

Each follower’s position mirrors the leader’s trade based on a proportional relationship. When a signal trader closes part or all of a position, the system automatically applies the same action to followers:

• If a leader closes 50% of a position, each follower will also have 50% of their linked position closed.
• When a leader fully closes a trade, followers are fully exited in proportion.

This ensures consistency across all linked accounts—no manual intervention required from followers. It also maintains fairness and transparency in performance tracking.

👉 See how real-time synchronization enhances trust between leaders and followers.

Frequently Asked Questions (FAQ)

Q1: Can I use limit orders to close futures positions as a signal trader?

Yes. After recent updates, contract signal providers can now use limit orders to close positions either partially or fully, just like regular traders.

Q2: Why don’t iceberg or TWAP orders generate copy signals?

These order types split trades into smaller parts over time, which could distort signal clarity. To maintain clean, interpretable signals, only direct execution orders generate follower actions.

Q3: Do automated strategies like grid trading send copy signals?

No. Features such as contract grid, DCA bots, or arbitrage systems operate independently and do not emit copy trading signals—even if used by a verified leader.

Q4: Can I close only a portion of my position?

Absolutely. You can specify a custom quantity when closing via the position panel or management dashboard, giving you full control over position sizing.

Q5: Are stop-loss and take-profit settings copied to followers?

Yes. Any TP/SL or trailing stop set by the leader is automatically replicated for followers based on the same trigger logic and price levels.

Q6: What happens if I close a position manually outside the copy system?

Only trades initiated within the approved copy trading interface generate signals. Manual trades (e.g., via API or bot) won’t affect follower positions unless explicitly routed through the copy framework.

Final Thoughts: Smarter Trading for Signal Leaders

With support for limit close, custom quantity exits, and enhanced risk tools, OKX has bridged the gap between regular traders and signal leaders. Whether you're managing spot or contract copy trades, you now enjoy near-identical flexibility—empowering better decision-making, improved risk control, and stronger performance tracking.

And with real-time synchronization between leaders and followers, transparency and trust are built directly into the system.

👉 Start refining your exit strategies today with advanced tools designed for precision trading.