How to Submit a Stop Order

Stop Order, also known as stop profit and stop loss, means that users can set a stop price, a limit price, and amount in advance. Once the stop price is reached, the limit order set by the user in advance will be automatically entered into the market. And now, Stop-Limit Order and Stop-Market Order are supported by CoinEx.

 

Terms
Stop price: It's the triggered price you set to decide when it will be placed at the Limit price set. Once the stop price is reached, the limit order will be automatically placed at the Limit price set.

Limit price: It's the price of the stop-limit order when the stop price is triggered.

Amount: It's the amount of the stop-limit order when the stop price is triggered.

Always valid: The order will remain valid until the order is canceled or fully completed on the market;

Immediate or cancel: When the order is submitted, any uncompleted part will be canceled immediately. If none of the transactions are executed when submitted, all will be canceled; if part of the transaction is completed, the uncompleted part will be canceled immediately;

Hide order: After placing an order, you can hide the order and not display it on the market.

 

How to place a stop order?

Stop-Limit order refers to users who can set the limit order and triggered price in advance. When the order is triggered, the system will automatically place the limit order you set up in advance to the market.

Stop-Market order refers to users who can set the triggered price in advance. When the order is triggered, the system will automatically place the market order you set in advance to the market.

 

Example 1: Place a buying stop-limit order

In this example, we’ll assume that the current price of BCH against USDT is 500. However, you are thinking that 600 USDT might be the resistance level and would like to buy 10 BCH when the highest bid reaches or above 600 USDT, because you believe its price will be likely to rise higher and you'll be ready to build up the position.

Then you can place the selling order:

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Once the 600 USDT is reached, the limit order (like "buy 10 BCH at a price of 620 USDT") will be automatically placed at the limit price set.

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Example 2: Place a selling stop-limit order

Suppose BCH is currently trading at 500 USDT, you consider 400 USDT is the support price, so you'd like to sell 10 BCH if the lowest ask drops to or below 400 USDT,  because you believe its price will be likely to crash and you’d like to stop the loss. Then you can place the selling order:

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Once the 400 USDT is reached, the limit order (like "sell 10 BCH at a price of 380 USDT") will be automatically placed at the limit price set.

 

The stop price is already reached but my stop order hasn't been placed. Why?

1) Buying: If there isn’t sufficient balance to buy the coins/tokens when the current price reached the stop price, the order will not be placed at the limit price set.

2) Selling: If there aren’t sufficient coins/tokens to be sold when the current price reached the stop price, the order will not be placed at the limit price set.

 

Will my assets be frozen after I submitted the stop order?

No, your assets will NOT be frozen after you submitted the stop order.
Please note that your account should have sufficient balance before the stop price is reached, otherwise these orders will NOT be placed at the limit price set.