A Stop Order is a type of order that is only sent to the order book once the market price reaches a specific level you’ve set in advance (called the Stop Price).
This feature can be used to:
- Automatically enter a position when the price breaks a certain level
- Protect your position by automatically exiting when the price moves against you
How Does a Stop Order Work?
- You set a Stop Price → this is your trigger price.
- When the market price reaches that Stop Price, your order will activate and be sent to the order book.
- You can choose whether the order will be sent as:
- A Market Order → executed immediately at the best available price
- A Limit Order → sent with a specific price that you define
You can also select a trigger source:
- Mark Price: more stable and less prone to sudden price spikes
- Last Price: based on the most recent market transaction
How to Use a Stop Order on Pintu Futures
- Go to the Futures trading page on the Pintu app under Pintu Pro
- Select the token you want to trade
- Tap on the “Stop” tab under order types and enter your desired Stop Price. You can also choose whether to use Last Price or Mark Price as the trigger
- Choose either Market or Limit, and input your desired price if using Limit
- Enter the position size you want to open
- Select the position direction (Long or Short)
- Confirm your order
Done! Your order will automatically activate when the conditions are met.