Stop limit order
Stop limit order - this is algorithm of placing a limit order, which triggered if market price reached a defined value ("stop price").
- Direction: Buy/Sell
- Stop price
- Limit Price
- CRPT/USDT stock has a current market price of 40.0 USDT. User transmit Stop-limit order to sell 7.0 CRPT at a limit price of 36.5 USDT and stop price of 37.0 USDT.
- After you transmit limit order market price falls and reached value of 37.0 USDT. Limit order to sell 7.0 CRPT at a limit price of 36.5 USDT is being placed.
- Then order execution partially take place: buy of 4 CRPT is being executed at a price of 35.0 USDT.
- Second part of order take place after market price falls to level 36.3 USDT. Buy of 3 CRPT is being executed at a better price of 36.3 USDT.