The Stop order is a combination of Stop-Loss and Take-Profit orders. It becomes active only when a specified price level (the stop price) is reached.
How Stop orders work
The system will decide if an order is a Stop-Loss order or a Take-Profit order based on the relationship between the trigger price against the last market price when the order is placed.
Buy/Sell |
Stop Price Level (Trigger Price Level) |
Order Type |
Buy Order |
Trigger Price > Latest Price (Current market price) |
Stop Loss |
Trigger Price < Latest Price (Current market price) |
Take Profit |
|
Sell Order |
Trigger Price > Latest Price (Current market price) |
Take Profit |
Trigger Price < Latest Price (Current market price) |
Stop Loss |
Important Note: Trigger price is not allowed to equal last trade price when placing orders
Types of Stop Order
In Coins.xyz Spot Trade, there are two types of stop orders - Limit and Market. For more information, you may refer to the articles below: Combines a stop order with a limit order. When the stop price is reached, it triggers a limit order at a specified price.
Stop-Limit Order
Combines a stop order with a limit order. When the stop price is reached, it triggers a limit order at a specified price. More on what a Stop-Limit order is from this article.
Stop-Market Order
Combines a stop order with a market order. When the stop price is reached, it triggers a market order at the best available price. More on what a Stop-Market order is from this article.
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