> For the complete documentation index, see [llms.txt](https://docs.finandy.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.finandy.com/trading/create-order-grid/order-types/stop-order.md).

# Stop order

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

{% hint style="info" %}
To place a Stop-Limit order, you need to set the trigger price at which the limit order will be placed.
{% endhint %}

For example, a <mark style="color:green;">**BUY**</mark> 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.

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/d4c6c2c5-da5a-45cb-bded-dd30ba537853/image.png" alt="" width="375"><figcaption></figcaption></figure>

{% hint style="warning" %}
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.
{% endhint %}

Switching between Stop-Limit and Stop-Market in Futures

* Stop-limit

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/21c9b1b3-88b6-4cb9-8728-592aa7252f2c/image.png" alt="" width="375"><figcaption></figcaption></figure>

* ​Stop-Market

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/f34629d4-80f1-49f4-a55a-195a975096eb/image.png" alt="" width="375"><figcaption></figcaption></figure>

**Do you have any questions? We can help you in our Telegram chat.**

{% embed url="<https://t.me/finandy>" %}


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