Frequently Asked Question

ChainEX offers Stop and Stop Limit orders as a solution for traders to automate their trading strategy in volatile markets. With Limit Orders, traders set a price at which they are willing to buy or sell, but the order is not guaranteed to be filled. A Stop Order serves as a trigger for a Market Order when a specified price is reached, guaranteeing that the order will be filled but not the price. A Stop Limit Order combines the two, requiring two prices: a stop price as the trigger and a limit price as the maximum or minimum price at which the order can be executed. With a Stop/Stop Limit Order, traders can maximize their profit potential while minimizing their risk exposure. Learn more about how Stop/Stop Limit Orders work on ChainEX.

When placing a Stop/Stop Limit order, you will need to select/enter all the required/desired information below, in order for your order to be fulfilled:

• Amount - This is the amount of digital currency a ChainEX user wishes to Buy/Sell.
• Stop - This is the triggered amount that will cause the Market order to be placed. The Stop is used to trigger either a buy/sell order in your specific market when said market either drops or rises to the Stop price.
• Stop Limit - This will cause your Limit Order to be placed at the selected Limit amount.
• Apply Limit - If you would like to place a Stop Limit order, all you need to do is select Apply Limit.
• Price - When placing a Stop order, the price will be displayed as "Market", as you will pay Market price for your order. When placing a Stop Limit Order, this will be your desired price that your Limit order will be placed at.

Stop Order example: (ETH/BTC)

Buy Stop Order:

• Amount - 1 ETH
• Stop - 0.018 BTC
• Apply Limit - Not Selected
• Price - "Market"

The current Market price for 1 ETH is 0.017 BTC. Once the Market price rises to 0.018 BTC and triggers your Stop price of the same value, a Market order will be placed at the current Market price.

Sell Stop Order: (ETH/BTC)

• Amount - 1 ETH
• Stop - 0.016 BTC
• Apply Limit - Not Selected
• Price - "Market"

The current Market price for 1 ETH is 0.017 BTC. Once the Market price drops to 0.016 BTC and triggers your Stop price of the same value, a Market order will be placed at the current Market price.

Stop Limit Order example: (ETH/BTC)

Buy/Sell Stop Limit Order:

• Amount - 1 ETH
• Stop - 0.018 BTC
• Apply Limit - Selected
• Price - 0.0181 BTC

You would like to Buy/Sell 1 ETH once the Market price reaches 0.018 BTC but, you don't want to pay anything more or receive anything less than 0.0181 BTC. You would then set your Stop price to 0.018 BTC and your Limit price to 0.0181 BTC. Once the Market price reaches 0.018 BTC, a LImit order or 0.0181 BTC will be placed and will get filled at 0.0181 BTC or better

For a step-by-step tutorial on How to use Stop/Stop Limit orders, Click here.

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