Stop Loss orders

Stop Loss orders offers traders a level of protection on an unleveraged spot trade or a leveraged long or short position. This order type is typically used as a closing order to limit your losses or lock in profits.

What is a Stop Loss order?

A Stop Loss order allows you to buy or sell once the price of an asset (e.g. XBT) touches a specified price, known as the Stop Price. This allows you to limit your losses or lock in your profits on a long or short position.

Stop Loss orders are available as primary or conditional close orders via the Advanced order form on kraken.com and on our trading interface trade.kraken.com.

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When the last traded price touches the Stop Price, the Stop Loss order will execute immediately as a market order and will incur taker fees upon execution.

Stop Loss: Triggers a market order (buy or sell) when the last traded price hits the Stop Price that you specify.

Stop Price: The price at which the Stop Loss order triggers, specified by you.

How can I use a sell Stop Order?

You can use a sell Stop Order to protect yourself against market price decreases. In these orders, the Stop Price is entered below the current market price. If entered above market price, it will execute immediately.

You can specify the sell Stop Price in three ways:

1. A static price. For example, if the current market price of BTC is $6500, you can set it to $6000 to trigger a market sell if the price drops to $6000.

2. Negative offset from the current market price. For example, if the current market price of BTC is $6500, a price offset of $500 in will trigger a market sell when the price drops to $6000.

3. Price offset based on percentage of current market price. For example, if the current market price of BTC is $6500, using a 10% negative offset from the same current market price will trigger a market sell when the price drops to $5850.

Example: Suppose you purchased 0.8 XBT/USD at $6000 thinking that the market price will go up. However, you want to limit your losses on this long position so you set the Stop Price with a negative offset of 200 USD. So, if the market price falls to 5800 USD your long position will be closed.

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How can I use a buy Stop Order?

A buy Stop Order can be used to protect against the market price rising. In these orders, the Stop Price is entered above the current market price. If entered below market price, it will execute immediately.

You can specify the buy Stop Price in three ways:

1. A static price. For example, if the current market price of BTC is $6500, you can set it to $7000 to trigger a market buy once the price rises to $7000.

2. Positive offset from the current market price. For example, if the current market price of BTC is $6500, a positive offset of $500 will trigger a market buy when the market price rises to $7000.

3. Price offset based on percentage of current market price. For example, if the current market price of BTC is $6500, a 10% positive offset from the current market price will trigger a market buy when the price rises to $7150.

Example: Suppose the market price for XBT/USD is $7000. Your analysis tells you “if the price hits $7500, it’s going to continue increasing”, and you want to place a buy order in advance to take advantage. You could create a buy Stop Loss @ $7500 to enter the market once the trend begins.

Additionally, if your analysis says that once the price hits $7500, a drop to $7200 indicates a trend reversal, you can include a conditional close Stop Loss order with a Stop Price of $7200.


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All other Stop Loss order types such as Stop Loss Limit and other combined advanced order types are currently not enabled. Updates will be posted on our blog.