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A stop-limit order will be executed at a specified (or potentially better) price, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better. Explanation of SL (stop-limit) mechanics: Stop price: When the current asset price reaches the given stop price, the stop-limit order is executed to buy or sell the asset at the given limit price or better. Limit price: The selected (or potentially better) price that the stop-limit order is executed at. Quantity: The quantity of assets to buy or sell in the stop-limit order.Example: The last traded price of BNB is 18.4 USDT, and the resistance is around 18.30 USDT. If you think that the price will go higher after the price reaches the resistance, you can put a Stop-Limit order to automatically buy more BNB at the price of 18.32 USDT. This way you won’t have to continuously watch market movements waiting for the price to reach your target price. Approach: Select “Stop-Limit” order, then specify the stop price to be 18.30 USDT and the limit price to be 18.32 USDT. Then click the button “Confirm” to submit the order.
What do "Maker" and "Taker" mean on BinanceTaker:When you place an order that trades immediately, by filling partially or fully, before going on the order book, those trades will be "taker" trades. Trades from Market orders are always Takers, as Market orders can never go on the order book. These trades are "taking" volume off of the order book, and therefore called the "taker." Limit IOC and Limit FOK orders (accessible via the API) are also always Takers, for the same reason. Maker: When you place an order that goes on the order book partially or fully (such as a limit order placed via the trading screen on binance.com), any subsequent trades coming from that order will be as a “maker.” These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades. Note: It is possible for a Limit GTC order (accessible via the API) to have traded as the taker and maker.
How to Use OCO (One-Cancels-the-Other) Order Type on BinanceA One-Cancels-the-Other (OCO) is a pair of orders combining a stop-limit order and a limit maker order on the same side, with the same order quantity. When either one of the orders is executed (the stop price is triggered for stop limit order), the other one is automatically canceled. When either one of the orders is being canceled, in effect the entire OCO order pair is canceled.Price Restrictions: For sell orders, the prices have to follow the following rule: Limit price of limit maker order Market price Stop price of stop-limit order. For buy orders, the prices have to follow the following rule: Limit Price of limit maker order e.g: If the last price is 10: A SELL OCO must have a limit price greater than 10, and the stop price lesser than 10. A BUY OCO must have the limit price lesser than 10, and the stop price greater than 10.Example: You have 300 USDT in your account, and you think the overall trend of the BNB/USDT market is going up. You want to enter the market at a reasonable price. The last traded price of BNB is 28.05 USDT, and the resistance is around 29.50 USDT. You want to buy BNB when it hits 27.00 USDT, but you also don’t want to miss out on the opportunity when the price breaks the resistance price. Therefore you can place an OCO order with a quantity of 10, which combines a limit buy order and a stop limit buy order. The price of the limit maker order is 27.00 USDT. For the stop limit order, the stop price is 29.50 USDT and the limit buy price is 30.00 USDT.Approach: Select [OCO] in the drop-down box, then specify the limit price to be 27 USDT and the stop price to be 29.5 USDT and stop-limit price to be 30 USDT, with quantity as 10. Then click the button [Buy BNB] to submit the order.
To Query Existing Orders: Once orders are submitted, existing orders can be found and reviewed in [Open orders].
When orders are executed or discarded, your stop-limit order history can be found in [My 24h Order History]. How to Handle Order Problems ( Exceptions) on Binance1. If your order has not been executed:
2. If you’ve encountered other issues, like inability to cancel your orders or coins not being credited to your account after a successful trade, please contact our Customer Support team and provide screenshots that’ll document:
What is a stop-limit order? A stop-limit order is a limit order that has a stop price. When the stop price is reached, it triggers the limit order. The limit price is the specific price of the limit order the stop price triggers. Once your stop price has been reached, the limit order is immediately placed on the order book. The stop and limit prices can be the same. However, it’s recommended for sell orders to set your stop price (trigger price) slightly higher than the limit price. The price difference allows for a safety gap in price between the time the order is triggered and when it is fulfilled. For buy orders, set your stop price slightly lower than the limit price. This will also reduce the risk of your order not being fulfilled. Please note that after the market price reaches your limit price, your order will be executed with the logic of a limit order. If you set your stop loss limit too high or your take profit limit too low, your order may never be filled because the market has not reached the limit price you set. SL (stop-limit) terms and mechanics Stop price: When the asset’s price reaches the given stop price, the stop-limit order is executed to buy or sell the asset at the given limit price or better. Limit price: The selected (or potentially better) price that the stop-limit order is executed at. Quantity: The quantity of assets to buy or sell in the stop-limit order. The last traded price of BNB is 498 BUSD, and you feel that there is resistance around 500 BUSD. If you think that the price will go higher after the price reaches the resistance level, you can put a Stop-Limit order to automatically buy more BNB at the price of 502 BUSD. This way, you won’t have to continuously watch market movements waiting for the price to reach your target price. How to create a stop-limit order Continuing with our example, we will look at exactly how you can make a stop-limit order 1. Select [Stop-limit] from the trading view to begin making your order. 2. Fill in the details of your stop price (trigger price), limit price for the triggered limit order, and the amount of crypto you wish to purchase. Click [Buy BNB] to confirm the details of the transaction. In our example, the stop price is 500 BUSD and the limit price is 502 BUSD. 3. Double check your stop-limit order carefully before finally clicking confirm to submit it to the exchange. View existing stop-limit orders Once your orders have been submitted, existing ‘stop-limit’ orders can be found and reviewed in [Open Orders]. You can find this tab at the bottom of the trading view page. When orders are executed or discarded, your stop-limit order history can be found under [Order History]. |