Stop order is an automatic order to exit a position. For long positions, the stop order value has to be set below the current sell price at the time the order is set. For short positions, the stop order value has to be set above the current buy price at the time the order is set.

For positions in cryptocurrency pairs, stop orders are triggered when the spot last price reaches the stop order price you set for your specific stop order, and is filled according to the Binance or Coinbase order book price for your order size.

For positions in stocks, ETFs, forex pairs and futures contracts, stop orders are triggered and filled at the bid or ask price. If you have a long position in a stock, ETF, forex pair or a futures contract, your stop orders will be triggered at the bid price. If you have a short position, your stop orders will be triggered at the ask price.

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You can set multiple stop orders at different price levels and sizes for your position by clicking on the Stop Order field. To set a stop order:

  1. Click on the Stop Order field;

  2. Enter a value of your order size and the price that you want it to be executed at (for stocks, ETFs, futures, forex pairs) or triggered at (for crypto pairs);

  3. Press the ‘Enter’ button to confirm;

  4. If you wish to add more stop orders, click on the Stop Order field and repeat the process.

Removing or changing a stop order

A stop order can be removed or changed anytime. Remove a stop order by tapping the 'x' to the right of the stop order.

Change your existing stop order by clicking on the stop order you wish to change, and editing the value of the stop order size, and the price you wish it to be executed at (for stocks, ETFs, futures, forex pairs), or triggered at (for crypto pairs). Press the ‘Enter’ button to confirm the change.

Effect on multiple stop orders for the position when it is being reduced manually

Your stop order(s) size in total cannot exceed your total position size. If you reduce your position manually, some of your stop orders may be cancelled or reduced:

1) If you manually reduce your position such that the total value of your position becomes less than the total value of your stop orders, the stop order with the furthest price from current market price will be reduced accordingly.

For example:

You have a long BTC/USDT position for $300 opened at the BTC/USDT price of $7000. You have 3 stop orders for $100 size each, to be triggered at the following prices: $6900, $6800, and $6700. If you manually reduce your position by $60, your stop order value at $6700 will be reduced from $100 to $40.

2) If you manually reduce your position such that the total value of your position becomes less than the total value of your stop orders and if the value of one or more stop orders is in excess of your position size, the stop order(s) with the furthest price from current market price will be canceled. You will see a red message alerting you of this fact before you proceed to manually reduce or close your position.

For example:

You have a long BTC/USDT position for $300 opened at the BTC/USDT price of $7000. You have 3 stop orders for $100 size each, to be triggered at the following prices: $6900, $6800, and $6700. If you manually reduce your position by $120, your stop order value at $6700 will be canceled, and the stop order value at $6800 will be reduced from $100 to $80.

3) If you manually close your position in full, all your stop orders will be canceled, and you will see a red message alerting you of this fact before you proceed to manually reduce or close your position.

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