Stop-Limit Orders are now live on DMEX.A Stop Order is an order that does not enter the order book until the market reaches a certain Trigger Price. Traders use this type of order for two main strategies:
- As a risk-management tool to limit losses on existing positions.
- As an automatic tool to enter the market at the desired entry point without manually waiting for the market to place the order.
A Stop-Limit order will become a Limit Order when the Stop Price is reached.