Stop order
✔ Using stop orders on the Finandy platform: algorithmic orders available on Binance for spot and futures trading. Learn about stop-limit and stop-market orders and how to set them up
Last updated
✔ Using stop orders on the Finandy platform: algorithmic orders available on Binance for spot and futures trading. Learn about stop-limit and stop-market orders and how to set them up
Last updated
A Binance algorithmic order that generates a real order once the trigger price is reached.
Spot: Limit order available
Futures: Limit or Market Order available
To place a Stop-Limit order, you need to set the trigger price at which the limit order will be placed.
For example, a BUY order is created:
Trigger price = 100
Order price = 99.5
If the price reaches 100, a limit order will be automatically placed to buy at 99.5, which is 0.5% below the current market price.
In a Stop Limit order, the order price is set by default, so when trigger price is reached, the order is executed at market price.
Switching between Stop-Limit and Stop-Market in Futures
Stop-limit
Stop-Market
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