How to Place a Stop Limit Order
The trading widget of Altrady allows you to place stop-limit buy and sell orders with the click of a button. The stop-limit order type in the trading widget lets you manually enter or configure the percentage of assets to be bought and sold as well as the stop price and the buying/selling price.
A stop-limit order, as the name suggests, is a combination of stop orders (where assets are bought and sold only after they reach a certain price) and limit orders (where traders have a maximum price for which they’ll buy the assets or minimum price for which they’ll sell them).
In this documentation, you will understand how to:
Place a stop-limit buy order
Place a stop-limit sell order
Let’s begin.
Step -1: To place a stop-limit buy order, simply enter the stop price into the Stop price field.
The stop price is the price that triggers the limit order.
Users can also enter the stop price by clicking on the Currency symbol above the stop price field and selecting the Bid, Ask or** Last** option from the drop-down. This automatically populates the stop price field depending on the latest bid/ask/last price.
Users can also enter the stop price by clicking on the Crosshair icon in the stop price field and selecting the desired price on the chart.
Step -2: Enter the buy price into the Price field.
Users can also enter the buy price by clicking on the Currency symbol above the price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the price field depending on the latest bid/ask/last price.
Users can also enter the buy price by clicking on the Crosshair icon in the price field and selecting the desired price on the chart.
Step -3: Enter the amount you want to spend for the order into the Spend field.
Users can also enter the amount they want to spend by clicking on the Percentage icon above the spend field and selecting the desired percentage from the drop-down.
Once the amount that the user wants to spend is entered, Altrady will automatically determine the amount of cryptocurrency it can buy. The amount would be displayed in the Buy field.
Users can directly enter the amount of cryptocurrency they want to purchase by simply entering the amount into the Buy field. When a user enters the amount of cryptocurrency they want to buy into the buy field, the Spend field would automatically be updated with the amount of coins times the buy price.
Users can click on the Reset form button if they want to clear the fields.
Step -5: Click on the Place order button.
Step -6: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
When the Auto-confirm orders option in the trading widget is checked, orders are created as soon as the Place order button is clicked. Corresponding error messages are shown when creating an order is failed- Insufficient funds, quantity too low, etc.
When the Auto-confirm orders in the trading widget is unchecked, Confirm the order dialog would be displayed when you click on the Place order button. Users would have to click on the Confirm button to complete the order.
Step -1: To place a stop-limit sell order, all you need to do is enter the stop price into the Stop price field.
Users can also enter the stop price by clicking on the Currency symbol above the stop price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the stop price field depending on the latest bid/ask/last price.
Users can also enter the stop price by clicking on the Crosshair symbol in the stop price field and selecting the desired price on the chart.
Step -2: Enter the sell price into the Price field.
Users can also enter the sell price by clicking on the Currency symbol above the price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the price field depending on the latest bid/ask/last price.
Users can also enter the sell price by clicking on the Crosshair icon in the price field and selecting the desired price on the chart.
Step -3: Enter the amount of cryptocurrency you want to sell into the Sell field.
Users can also enter the amount of cryptocurrency they want to sell by clicking on the Percentage icon above the sell field and selecting the desired percentage from the drop-down.
Once the amount of cryptocurrency that the user wants to sell is entered, Altrady will automatically determine the amount of cryptocurrency it can sell. The amount would be displayed in the Receive field.
Users can directly enter the amount of cryptocurrency they want to sell by simply entering the amount into the Receive field. When a user enters the amount of cryptocurrency they want to sell into the receive field, the Sell field would automatically be updated with the amount of coins times the selling price.
Step -4: Click on the Place order button.
Step -5: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
If you still have any doubts, please feel free to chat with our customer support service.
A stop-limit order, as the name suggests, is a combination of stop orders (where assets are bought and sold only after they reach a certain price) and limit orders (where traders have a maximum price for which they’ll buy the assets or minimum price for which they’ll sell them).
In this documentation, you will understand how to:
Place a stop-limit buy order
Place a stop-limit sell order
Let’s begin.
How to Place a Stop-Limit Buy Order
Step -1: To place a stop-limit buy order, simply enter the stop price into the Stop price field.
The stop price is the price that triggers the limit order.
Users can also enter the stop price by clicking on the Currency symbol above the stop price field and selecting the Bid, Ask or** Last** option from the drop-down. This automatically populates the stop price field depending on the latest bid/ask/last price.
Users can also enter the stop price by clicking on the Crosshair icon in the stop price field and selecting the desired price on the chart.
Step -2: Enter the buy price into the Price field.
Users can also enter the buy price by clicking on the Currency symbol above the price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the price field depending on the latest bid/ask/last price.
Users can also enter the buy price by clicking on the Crosshair icon in the price field and selecting the desired price on the chart.
Step -3: Enter the amount you want to spend for the order into the Spend field.
Users can also enter the amount they want to spend by clicking on the Percentage icon above the spend field and selecting the desired percentage from the drop-down.
Once the amount that the user wants to spend is entered, Altrady will automatically determine the amount of cryptocurrency it can buy. The amount would be displayed in the Buy field.
Users can directly enter the amount of cryptocurrency they want to purchase by simply entering the amount into the Buy field. When a user enters the amount of cryptocurrency they want to buy into the buy field, the Spend field would automatically be updated with the amount of coins times the buy price.
Users can click on the Reset form button if they want to clear the fields.
Step -5: Click on the Place order button.
Step -6: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
When the Auto-confirm orders option in the trading widget is checked, orders are created as soon as the Place order button is clicked. Corresponding error messages are shown when creating an order is failed- Insufficient funds, quantity too low, etc.
When the Auto-confirm orders in the trading widget is unchecked, Confirm the order dialog would be displayed when you click on the Place order button. Users would have to click on the Confirm button to complete the order.
How to Place a Stop-Limit Sell Order
Step -1: To place a stop-limit sell order, all you need to do is enter the stop price into the Stop price field.
Users can also enter the stop price by clicking on the Currency symbol above the stop price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the stop price field depending on the latest bid/ask/last price.
Users can also enter the stop price by clicking on the Crosshair symbol in the stop price field and selecting the desired price on the chart.
Step -2: Enter the sell price into the Price field.
Users can also enter the sell price by clicking on the Currency symbol above the price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the price field depending on the latest bid/ask/last price.
Users can also enter the sell price by clicking on the Crosshair icon in the price field and selecting the desired price on the chart.
Step -3: Enter the amount of cryptocurrency you want to sell into the Sell field.
Users can also enter the amount of cryptocurrency they want to sell by clicking on the Percentage icon above the sell field and selecting the desired percentage from the drop-down.
Once the amount of cryptocurrency that the user wants to sell is entered, Altrady will automatically determine the amount of cryptocurrency it can sell. The amount would be displayed in the Receive field.
Users can directly enter the amount of cryptocurrency they want to sell by simply entering the amount into the Receive field. When a user enters the amount of cryptocurrency they want to sell into the receive field, the Sell field would automatically be updated with the amount of coins times the selling price.
Step -4: Click on the Place order button.
Step -5: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
If you still have any doubts, please feel free to chat with our customer support service.
Updated on: 28/03/2023
Thank you!