Author: Enpatika.com

A Stop Limit order is a conditional order over a set timeframe, executed at a specified price after a given stop price has been reached . Once the stop price is reached, it will buy or sell at the limit price or at a better price than the limit price you set.

Approach: Select “Stop-Limit” order, then specify the stop price to be 18.30 USDT and the limit price to be 18.32 USDT . Then click the button “Confirm” to submit the order. To Query Existing Orders: Once orders are submitted, existing ‘stop-limit’ orders can be found and reviewed in “open orders”.

The Stop Order on Binance Futures is a combination of stop-loss and take-profit orders . The system will decide if an order is a stop-loss order or a take-profit order based on the price level of trigger price against the last price or mark price when the order is placed.

Placing stop loss and take profit orders on Binance is always a problem. If you use a Stop Limit order, your balance will be blocked, so you cannot use stop loss and take profit simultaneously .