An algorithmic order provided by the Binance exchange.
When the trigger price is reached, a real order will be created.
- Spot: Stop-Limit order
- Futures: Stop-Limit and Stop-Market orders
For example, a buy order is created:
- Trigger price = 100
- Order price = 99.5
This setting means that when the price reaches 100, a limit order to buy will be placed in the order book below the current price by 0.5% at the price of 99.5.
Switch on Futures between Stop-Limit and Stop-Market