A stop- limit order is a limit order that has a limit price and a stop price. When the market price reaches your stop price, the limit order will be placed on the order book with the limit price you set. Once the limit price is reached, the limit order will be executed.
Stop price
When the asset’s price reaches the stop price, the stop-limit order is executed to buy or sell the asset at the limit price or better.
Limit price
The selected (or potentially better) price at which the stop-limit order is executed.
Although the stop price and limit price can be the same, this is not a requirement, it would be safer for you to set the stop price (trigger price) a bit higher than the limit price for sell orders, or a bit lower than the limit price for buy orders. This increases the chances of your limit order getting filled after the stop price is reached.
Please note that after the market price reaches your limit price, your order will be executed as a limit order. If you set the limit price too high or too low, your order may never be filled because the market price cannot reach the limit price you set. In addition, when the market liquidity is insufficient, even though the market price reached your limit price, your order may not be 100% filled.
How to place a Stop-Limit order on Spot Trade?
1. On the Spot Trade page, select the Stop-Limit Order tab.
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on the Coins website |
on the Coins app |
2. Before placing a stop-limit order, you need to choose the stop price that triggers the limit order, then set your limit price, and the amount of crypto you wish to trade. For example, the current price is 12.80. You can set the stop price above the current price, such as 13, or below the current price, such as 12. Once the price goes up to 13 or drops to 12, the stop-limit order will be triggered, and the limit order will be automatically placed on the order book.
3. Click [Buy] or [Sell] to place your Stop-Limit order.
How to view my Stop- limit order history?
You can view your open orders under [Open Order]. To cancel an order, click the Cancel icon directly.
You can check your filled orders under [Order History], click the plus (+) button on the left to view the Executed Price of each trade.
On the Coins.ph app, both [Open Order] and [Order History] are accessible at the upper-right section of the Spot Trade page.
Contact us through the Coins app or Coins Support Form should you need any further assistance.