How does the stop order work?

The Stop order is a requirement, and when it is met, the platform generates a corresponding order, Market or Limit.

  1. A Market order is created in case of Buy Stop and Sell Stop orders (orders to buy/sell an asset), and when the asset price reaches Stop Loss level (an order to close the position).
  2. A Limit order is created in case of Stop Limit order, when the asset price reaches Stop level specified in the order.