Stop Loss Order

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A Stop Loss order also referred to a stop order, is used to prevent any further losses. When the stop price has been reached an order will be executed to get out of the current position. If the direction of the order is to sell/close long then the price needs fall below the stop price. Conversely, when the direction is to buy/close short then the price needs to go above the stop price before an order is executed.

Examples

  • Current price: 7500 USD. Stop loss price: 7000 USD. Direction: Sell. When the price goes below 7000 USD a sell order will be executed.
  • Current price: 6500 USD. Stop loss price: 7000 USD. Direction: Buy. When the price goes above 7000 USD a buy order will be executed.
  • Current price: 6500 USD. Stop loss price: 7000 USD. Direction: Close Short. When the price goes above 7000 USD a close short will be executed.
  • Current price: 7500 USD. Stop loss price: 7000 USD. Direction: Close Long. When the price goes below 7000 USD a close long will be executed.

Settings

Advanced-orders-settings-1.png

Execute X Order On Activation

This is an optional feature that can you help get into the position. For example, when the direction is sell, a buy order will be executed to get into position.


Order Template

The template used to execute the start order. Only relevant when "execute order on activation" is enabled.


Price

The price on which the start order is executed. Only relevant when "execute order on activation" is enabled.

Advanced-orders-settings-stop-loss.png

Stop Loss Price

The price on which the order will be triggered.


Direction

The direction of the order that will be placed when triggered.


Order Template

The template used to execute the order when triggered


Execution Price

The price on which the order is placed when triggered


Amount

The quantity of the order.