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
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.
![](https://docs.finandy.com/~gitbook/image?url=https%3A%2F%2Ft24536365.p.clickup-attachments.com%2Ft24536365%2Fd4c6c2c5-da5a-45cb-bded-dd30ba537853%2Fimage.png&width=768&dpr=4&quality=100&sign=87220603&sv=1)
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
![](https://docs.finandy.com/~gitbook/image?url=https%3A%2F%2Ft24536365.p.clickup-attachments.com%2Ft24536365%2F21c9b1b3-88b6-4cb9-8728-592aa7252f2c%2Fimage.png&width=768&dpr=4&quality=100&sign=69c89165&sv=1)
Stop-Market
![](https://docs.finandy.com/~gitbook/image?url=https%3A%2F%2Ft24536365.p.clickup-attachments.com%2Ft24536365%2Ff34629d4-80f1-49f4-a55a-195a975096eb%2Fimage.png&width=768&dpr=4&quality=100&sign=a0567191&sv=1)
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