How can I place a Stop-Limit order on Mazdax?(application) – Mazdax

What is a Stop-Limit order?

This type of order combines a stop price and a limit order. When the price reaches your stop price, a limit order will be placed on your order book with the desired price.

Stop Price: When the price reaches the Stop price, the stop-limit order will be activated, and a limit order will be placed on the order book.

Limit Price: In the Limit order, you specify the desired price of a currency. Like any other order, when the price reaches your desired price, the order will be completed.

Amount: This shows the amount of currency you're going to trade using the Stop-Limit condition. You may set it manually or use the percentage tools to specify how much of your currency is to be included In the order.

After choosing the Buy/Sell order, select STOP-LIMIT for your order type.

Essential notes on Stop-Limit orders:

1- Your account balance would be blocked after setting a Stop-Limit order. Once you cancel or complete it, it will be released.

2- After placing the conditional Stop-Limit order, you may see them on the order book.

3- The stop-limit conditions may be set on both buy and sell orders.

Step by step guide

In order to place a Stop-Limit order, log in to your account and use the trade section.

After choosing the Buy/Sell order, select Stop-Limit for your order type.

Insert your Stop price in the Stop field. For the Limit field, insert the desired price for the Limit buy/sell order. Now, choose the order amount and submit your order.