Stop-Limit Order

A Stop-Limit order will be executed at a specified (or potentially better) price after a pre-set stop price has been reached. Once the stop price is reached, the Stop-Limit order turns into a Limit order to buy or sell at the limit price or better.

Example: The latest traded price of ETH/DAI is 180 DAI while the resistance is around 184 DAI. In case you believe that ETH will go higher and break the resistance level, you can set a Stop-Limit order that that will automatically trigger once the resistance level is reached. Hence, you set a Stop Rate at 185 DAI and the Limit at 187 DAI.

How to place a Stop-Limit Order:

Stop-Limit Order

  1. In the Markets section on the left, chose the pair you want to trade (e.g. ETH/DAI).

  2. In the order section below, click the green BUY button if you want to execute a BUY order, and the red SELL button to execute a SELL order. Next, you select “Stop-Limit Order” in the order type dropdown.

  3. Now, set the order amount, the Stop Rate and the DAI rate that you want to trade at.

  4. Use the blue slide-bar to granularly control the amount you are trading. Click the blue Place Order Button below to submit your order and sign the transaction.

When placing a Stop-Limit Order you have the option to set it as Post-Only, Hidden, and specify an Expiry.

Post-Only: Post-Only means that your order will always be posted as a maker order.

Hidden: The Hidden option makes your order invisible for other market participants.

Expiry: Setting an Expiry for your order allows you to specify a time until which your order remains valid in the order book. In case your order has not been matched by the expiry date, your order will be canceled.