Stop-Loss Orders

Stop-loss Market orders only execute when the oracle price crosses a given stop price. A market order will be placed when the price reaches a specified stop price.

By automatically closing your positions when the price crosses the stop price (for long positions) or goes below it (for short positions), stop market orders can be used to prevent losses on your positions. Once triggered, the resulting market order will be immediately filled.

To place advanced orders, you must be using cross-margin & have a minimum keeper requirement of 0.01 ETH.

Place a Stop-Loss Order:

Traders need an open position to execute this order type.

  1. Select the asset you are going to trade in the asset selector drop-down

  2. Choose a side, either long or short (opposite of your open position)

  3. Pick an order type (stop order)

  4. Input your desired Collateral

  5. Enter your limit price in the price field

  6. Input your position size

  7. Click on Place Stop Order

The submission of the Stop-Market orders is done on-chain; no additional margin will be tied up.

Once you’ve executed the transaction, the order will appear under the Orders tab. When the oracle price reaches the take profit price, the order will be executed, and your position will be opened.

The execution price of a limit order may differ depending Oracle price. There are no partial fills with advanced order types, and limit orders will either be fully executed or not at all. Once a limit order has been executed, it will be shown in the Trades column.

Canceling a Stop-Loss Order

If you want to cancel a Stop-Loss order before it has been executed, then click on Cancel and confirm in your wallet. As mentioned above, cancellations are done on-chain so this will carry a gas fee.

You can open multiple limit orders for the same market. You can manage your stop orders (cancel them) on the Orders tab. No fee is imposed unless the order is executed.

Stop-Market orders are dual-purpose and can be used to exit profitable or unprofitable positions at a certain price point or open new positions once a price barrier has been breached.

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