Stop Limit Order
When the price of the crypto achieves the set stop price, a limit order is triggered, instructing the market maker to buy or sell the crypto at the limit price. It helps limit losses by determining the point at which the trader is unwilling to sustain losses.
When the Stop Order Price is reached, the Limit Order is activated.
A stop-limit order does not guarantee that the trade will be executed, because the price may never beat the limit price. If the limit order is attained for a short duration, it may not be executed when there are other orders in the queue that utilize all crypto available at the current price.
Partial fills may occur when only a part of the crypto in the crypto order is executed, leaving an open order.
Example: If the current market price is 250 and I want to buy higher than that at 255 then I would place a buy stop order at 255 and the buy stop limit price at 255 as well. However, If I wanted to allow a fill at a worse price, I could enter the buy stop limit order at above the buy stop price, say at 260. This means that the buy stop limit order would trigger at 255 and could fill at any price at or below 260.
- Choose the crypto currency you want to buy IF the desired price is reached
- Click the Buy tab
- Click the Stop Tab
4. Enter the number of coins you wish to buy
5. Enter the target price for the Stop order to trigger (has to be above the current purchase price)
6. Enter the Stop Limit Price equal to or above the Stop Order price. This allows you to indicate a price range the ticket can be filled at.
6. Double-check the crypto shown is crypto you want to buy IF the price gets there
A sell stop limit should be placed at a price below the current market sell price. A sell stop limit placed above the current sell price will be charged the Taker Fee if the order is filled. A sell limit placed below the current sell price will be filled immediately as a market order and be charged the Taker Fee.
- Choose the crypto currency you want to buy IF the desired price is reached
- Click the Sell tab
- Click the Stop Tab
4. Enter the number of coins you wish to sell
5. Enter the target price for the sell order to trigger (has to be below the current purchase price)
6. Enter the Stop Limit Price equal above or equal to the Stop Order price. This allows you to indicate a price range the ticket can be filled at.
7. Double-check the crypto shown is crypto you want to sell IF the price gets there
