What is Stop-Limit order on Margin Trading?

Stop-Limit order allows traders to combine a limit order and a stop-loss order to mitigate risks by specifying the minimum amount of profit or the maximum loss they are willing to accept. Users can start by setting a stop price and a limit price. When the trigger price is reached, the system will automatically place the order even when you are logged out.

Parameters

Trigger price: When the token reaches the trigger price, the order will be placed automatically at the Limit price with the pre-set amount. 

Price: The price for buy/sell

Quantity: The buy/sell amount in the order

Note: If there’s a large market fluctuation when users are trading in Auto mode, the available loan will be changed. This may lead to the failure of the stop-limit order. 

For example:

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The market price of EOS is now higher than 2.5 USDT. User A believes that 2.5 USDT price mark is an important support line. So User A thinks if the price of EOS falls below the price, he can apply for a loan to buy EOS. In this case, User A can leverage the stop-limit order and set the trigger prices and amount in advance. With this function, User A will have no need to actively monitor the market. 

Note: If the token has experienced great volatility, the stop-limit order may fail to be executed.

How to place a Stop-Limit order?

1. Taking the above scenario as an example: On MEXC’s website, find [Trade – Margin] on the menu bar – Click [Stop-Limit] in the preferred mode (Auto or Normal)

2. Set the Trigger Price at 2.7 USDT, Limit Price as 2.5 USDT and the buying amount of 35. Then, click “Buy”. After placing the Stop-Limit order, the order status can be viewed under the [Stop-Limit order] interface below.

3. Upon the latest price reaching the stop price, the order can be viewed under the “Limit” menu.

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