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.

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

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

Last updated