Stop Loss Limit orders

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:
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Note: Limit orders that execute immediately are treated as taker orders and will incur taker fees.

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