What Is a Stop-Limit Order?

A Stop-Limit Order on Pluang is a PRO Mode Advanced Order that combines a trigger price with a set execution price. It stays inactive until the market reaches your stop (trigger) price; at that point it activates as a Limit Order that only executes at your specified limit price or better. In other words, it involves two prices: the stop price decides when the order wakes up, and the limit price caps what you'll pay or accept once it does. This gives you more price control than a plain Stop Order — but with no guarantee of execution, because if the market moves past your limit price before the order can fill, it stays unexecuted. Once triggered, it behaves exactly like a Limit Order, so it adds liquidity and is charged a maker fee (0.10%) plus the CFX fee, with a floating spread applying; taxes are shown before you confirm. On Pluang's spot crypto everything is priced and settled in IDR. Use a Stop-Limit Order when you want automatic reaction to a price level while still capping the price you'll accept.

• Two prices, two roles. The stop price activates the order; the limit price is the price it then tries to execute at or better. Setting them a sensible distance apart matters — too tight, and a fast market can skip your limit before the order fills.
• Behaves like a Limit Order once triggered. After activation, it's a normal Limit Order: it only fills at your limit price or better, and if the market never returns to that level, it stays pending and can expire unexecuted.
• Price control, no execution guarantee. This is the key trade-off versus a Stop Order. A Stop Order is likely to fill but can stay unfilled, because Pluang protects stop orders against significant slippage, and its fill price isn't fixed; a Stop-Limit Order guarantees the price (or better) but not that it will fill.
• It's a maker order. Because the triggered Limit Order rests in the book waiting for your price, a Stop-Limit Order is a maker order charged a maker fee (0.10%) plus the CFX fee, and a floating spread also applies; taxes are shown before you confirm.
• Validity and controls. Like other Advanced Orders, it stays valid for up to 90 days and can be modified or cancelled while unexecuted. You can hold up to 200 pending orders per coin, and a pending order locks the relevant IDR (buy) or units (sell) until it fills, cancels, or expires.
• Worked example. Suppose an asset is trading below a level you're watching, you expect a rise past it to confirm an uptrend, but you don't want to overpay. You set a stop price at that level and a limit price a little above it. When the market touches your stop, the order activates as a Limit Order at your limit price — it fills only at that price or better; if the price jumps straight past before filling, it won't execute.

Related questions:

Q: What is the difference between a Stop Order and a Stop-Limit Order?
Both wait for a trigger price, but they convert differently. A Stop Order becomes a Market Order once triggered, so it is likely to fill, though not guaranteed, and the price isn't fixed. A Stop-Limit Order becomes a Limit Order once triggered, so the price is capped at your limit or better, but execution isn't guaranteed — if the market skips past your limit, nothing fills. Stop favours getting filled; Stop-Limit favours control over the price.

Q: Is a Stop-Limit Order guaranteed to execute?
No. Once triggered it behaves exactly like a Limit Order, so it only fills at your limit price or better. If the market moves quickly past that level before the order can fill — a real risk in volatile conditions — the order stays unexecuted. This is the price you pay for the extra control: you avoid a bad fill, but you accept that the trade may not happen at all if the market runs away from your limit.

Q: What two prices do I need to set for a Stop-Limit Order?
The stop price and the limit price. The stop price is the trigger — the level at which the order activates. The limit price is the price the order then tries to execute at or better once it's active. For a buy, the limit is the most you're willing to pay after triggering; for a sell, the least you're willing to accept. Setting them too close together increases the risk the order triggers but never fills.

Q: Why would I use a Stop-Limit Order instead of a Stop Order?
To cap the price you'll pay or accept once the order triggers. A plain Stop Order becomes a Market Order once triggered, so its fill price isn't fixed and can differ from your stop price during a sharp move; a Stop-Limit Order caps that by only filling at your limit price or better. The trade-off is that if the market blows past your limit, the Stop-Limit Order may not fill at all — so you're choosing price protection over a better chance of execution.

Q: Can I cancel or change a Stop-Limit Order before it executes?
Yes. As long as it hasn't fully executed, you can adjust the stop price, the limit price, or cancel the order entirely from your open orders list in the app. If the order is pending and locking IDR (for a buy) or units (for a sell), cancelling releases those back to you immediately. This applies both before the stop price triggers and after, while the resulting Limit Order is still waiting to fill.