{"id":2346,"date":"2018-06-05T23:47:54","date_gmt":"2018-06-05T18:17:54","guid":{"rendered":"https:\/\/www.trailingcrypto.com\/blog\/?post_type=article&p=2346"},"modified":"2019-06-16T15:07:51","modified_gmt":"2019-06-16T09:37:51","slug":"stop-limit-buy","status":"publish","type":"article","link":"https:\/\/www.growlonix.com\/support\/article\/stop-limit-buy","title":{"rendered":"How Stop Buy works?"},"content":{"rendered":"

Stop Limit Buy work very similar to Stop Loss<\/a>.<\/span><\/p>\n

In Stop Limit Buy a Limit Buy order triggers when the market reaches the Stop value. It majorly used to buy a coin at a lower price as close to the trough.<\/span><\/p>\n

Below are the steps used to place Stop Limit Buy:<\/span><\/strong><\/h4>\n
    \n
  • Select Stop Buy order type.<\/span><\/li>\n
  • Select Base and Quote coin.<\/span>\n
      \n
    • E.g. Market: BTC\/BCH<\/span><\/li>\n<\/ul>\n<\/li>\n
    • Fill total or quantity value.<\/span>\n
        \n
      • E.g. fill 10 coins in Quantity. (quantity could be in the fraction)<\/span><\/li>\n<\/ul>\n<\/li>\n
      • Select the stop buy type between Market\/Limit\/Trailing. This define how order will exit once market hits the stop price.<\/li>\n
      • Select the condition if stop price is above or below the market price.<\/li>\n
      • Enter the stop value. By selecting “%” option on right side, one can define stop value in percentage. Stop value is the target price at which a subsequent (Limit Buy\/ Trailing Buy) order will be executed. Once market will dip\/rise to Stop price, a Limit Buy order will be executed.<\/span><\/li>\n<\/ul>\n

        Caution:\u00a0<\/strong>Stop price should be a less current market price (ask price).<\/span><\/p>\n

        \"\"\"\"<\/p>\n

        A hypothetical example:<\/strong><\/span><\/h4>\n

        Case 1 without Trailing:<\/span><\/p>\n

        Suppose current price of NEO is $100. Now someone placed a\u00a0Stop Limit<\/em>\u00a0buy order, for 1 NEO coin with stop value $90 and a Limit value $87. Now when the NEO ask price dips less than or equal to $90, a\u00a0Market Limit Buy<\/em> will be placed at $87.<\/span><\/p>\n

        Case 2 with Trailing:<\/span><\/p>\n

        Suppose current price of NEO is $100. Now someone placed Stop Limit buy with Trailing<\/em>\u00a0order, for 1 NEO coin with stop value $90 and Trailing offset 5%. Now when the NEO ask price dip less than or equal to $90, a\u00a0Trailing Stop Buy order will be placed. Let\u2019s say market corrects further reached to the\u00a0trough $80 and then start rising again. The time when the market reaches $84, a\u00a0Market Buy will be placed.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        Stop Limit Buy work very similar to Stop Loss. In Stop Limit Buy a Limit Buy order triggers when the market reaches the Stop value. It majorly used to buy a coin at a lower price as close to the trough. Below are the steps used to place Stop Limit Buy: Select Stop Buy order […]<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":13,"comment_status":"open","ping_status":"closed","template":"","format":"standard","article-category":[31],"article-tag":[],"class_list":["post-2346","article","type-article","status-publish","format-standard","hentry","article-category-order-types"],"yoast_head":"\nHow Stop Buy works? - Growlonix Support -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.growlonix.com\/support\/article\/stop-limit-buy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Stop Buy works? - Growlonix Support -\" \/>\n<meta property=\"og:description\" content=\"Stop Limit Buy work very similar to Stop Loss. In Stop Limit Buy a Limit Buy order triggers when the market reaches the Stop value. It majorly used to buy a coin at a lower price as close to the trough. 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In Stop Limit Buy a Limit Buy order triggers when the market reaches the Stop value. It majorly used to buy a coin at a lower price as close to the trough. 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