What is a Stop-Limit order?
This type of order combines a stop price and a limit order. When the price reaches your stop price, a limit order will be placed on your order book with the desired price.
Stop Price: When the price reaches the Stop price, the stop-limit order will be activated, and a limit order will be placed on the order book.
Limit Price: In the Limit order, you specify the desired price of a currency. Like any other order, when the price reaches your desired price, the order will be completed.
Amount: This shows the amount of currency you’re going to trade using the Stop-Limit condition. You may set it manually or use the percentage tools to specify how much of your currency is to be included In the order.
After choosing the Buy/Sell order, select STOP-LIMIT for your order type.
Essential notes on Stop-Limit orders:
1- Your account balance would be blocked after setting a Stop-Limit order. Once you cancel or complete it, it will be released.
2- After placing the conditional Stop-Limit order, you may see them on the order book.
3- The stop-limit conditions may be set on both buy and sell orders.
Step by step guide
In order to place a Stop-Limit order, log in to your account and use the Advanced trade section.
After choosing the Buy/Sell order, select Stop-Limit for your order type.
Insert your Stop price in the Stop field. For the Limit field, insert the desired price for the Limit buy/sell order. Now, choose the order amount and submit your order.
Once your order is submitted, you will be asked to confirm it. After you confirm, your order will be placed on the order book.
You may cancel the order from your open orders section.
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