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Stop Loss Limit orders
Last updated: April 2, 2025
In a Stop Loss Limit order a Limit Order will trigger when the stop price is reached.
To use this order type, two different prices must be set:
- •
Trigger price: The price at which the order triggers, set by you. When the last traded price hits it, the limit order will be placed.
- •
Limit price: The price you would like your limit order to fill at. Your order will be filled at this price or better.
Example: You have a long position on BTC, and the current BTC/USD price is $102,000. You want to avoid closing that position for less than $99,000, so you set a Stop Loss Limit order with:
- •
Trigger Price (Stop): $100,000
- •
Limit Price: $99,000
If BTC falls below $100,000, your Stop activates and places a Limit order at $99,000 (or better). This ensures you won’t sell below $99,000, though there is a risk the Limit order may not fill if the market drops too fast.
Important:
A Stop Loss Limit order is not automatically linked to any specific position (it’s not “reduce only”), so if you close your BTC position through another method, you must manually cancel the Stop Loss Limit order to avoid unintentional trades.
Note: Limit orders that execute immediately are treated as taker orders and will incur taker fees.