What is a Stop-Limit order:

A Stop-Limit order is a simple strategy order. You can specify the stop price, the price (buy or sell price), and the amount (buy or sell amount) in advance. When the last price in the market reaches the stop price, the system will automatically entrust a limit price order according to the price and amount you specify, saving your time of watch market movements.

 

Whether the Stop-Limit order freezes the asset:

The Stop-Limit order can be regarded as a limit order with price trigger condition. To ensure the transaction, the required assets of the limit order will be frozen when placing orders.

 

Explanation of Terms:

Stop Price: The price triggered by a Stop-Limit order. When the last price in the market reaches the stop price, the Stop-Limit order is executed to buy or sell.

Limit Price: The buy price or the sell price of the limit order the system automatically entrusts after the Stop-Limit order is triggered.

Amount: The buy amount or the sell amount of the limit order the system automatically entrusts after the Stop-Limit order is triggered.

Total: You can specify the transaction total without specifying the amount. When the order is placed, the system will automatically calculate the amount based on the transaction total.

 

Stop-Limit Order Trigger Logic:

Buy Stop-Limit Order:

If the last price at the time of placing an order>stop price, the Stop-Limit order will be triggered when the last price≤stop price after placing an order at the first time

If the last price at the time of placing an orde

Sell Stop-Limit Order:

If the last price at the time of placing an order

If the last price at the time of placing an order>stop price, the Stop-Limit order will be triggered when the last price≤stop price after placing an order at the first time

Tip: The stop price cannot be equal to the last price when placing an order

 

Place an order(Take WEB as an example):

Assume that the last price of BSTK is 0.0000000077 BTC, and you think the resistance is 0.0000000100 BTC. If you think that the price will go higher after the price reaches the resistance, you can put a Stop-Limit order to automatically buy more BSKT at the price of 0.0000000110 BTC. This way you won’t have to continuously watch market movements waiting for the price to reach your target price.

Select "Stop-Limit" order, then specify the stop price to be 0.0000000110 BTC and the limit price to be 0.0000000150 BTC, with amount as 0.0000000150 BTC. Then click the button “Buy BSKT”, as shown below.

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At this time, the system will confirm the relevant parameters and trigger logic that you set, please be sure to confirm carefully, as shown below.

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Once orders are submitted, existing "Stop-Limit" orders can be found at the bottom of the page, as shown below.

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Tip: This list only shows the untriggered Stop-Limit order. To view the Stop-Limit order for all statuses, click on "More" in the upper right corner of the list. If the Stop-Limit order is triggered, the system will automatically entrust a limit order, which you can find in "Open Orders" or "Order History".