Introduction to Stop Limit Order
The “Stop Limit Order” refers to such trigger price as predefined by the user and the order price and quantity upon occurrence of a triggering event. When the latest price meets the trigger price, the pending order will be placed according to the order price.
1. Parameter Description:
|Trigger price||When the “latest price” meets such trigger price as set by the user, the stop-profit and stop-loss order will be triggered and completed.|
|Price||Being triggered, the Stop Limit Order will be placed accordingly.|
|Quantity||The order quantity upon occurrence of the triggering event.|
2. Sample: stop-loss
Taking BTC/USD trading pair for example, when the user holds 10BTC and determines the price of USD 3650.00 as the support price, if the price falls below such level and continues so, the stop-loss order shall be timely placed. In such case, when the price reaches USD 3620.00, the BTC so held shall be sold. The Stop Limit Order shall be based on the following parameters:
3. View Orders
(1) Open Orders
When the order is placed successfully, you may view the “Stop Limit Orders” in the “Open Orders”.
(2) Order History
When the Order order completes or is cancelled, you may view “Stop Limit Orders” in the “Order History”.
（1）What is the limit on the number of stop limit order?
At present, for each transaction direction (buy or sell) of each transaction pair, the maximum number of stop limit order with the status of “pending” is 2. There is no limit to the number of orders that have been triggered.
（2）Can I cancel a stop limit order?
A stop limit order could be canceled in the following situations:
• The stop limit order did not reach the trigger price;
• The stop limit order reached the trigger price, but has not been 100% executed.
In addition, if your balance is insufficient when the stop limit order reaches the trigger price you placed, the system will automatically cancel this stop limit order.