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. It involves two prices: the stop price decides when the order activates, and the limit price caps what you'll pay or accept. This gives more price control than a plain Stop Order, but no guarantee of execution. Once triggered it behaves like a Limit Order (a maker order, maker fee subject to 11% VAT, plus a floating spread). On Pluang's spot crypto everything settles in IDR.
Good to know:
- Two prices: the stop price (activates the order) and the limit price (the price it then tries to execute at or better).
- Once triggered, it behaves like a Limit Order — it may not execute if the market never returns to your limit price.
- Maker order — maker fee (subject to 11% VAT) plus a floating spread; valid up to 90 days.
Related questions:
Q: What is the difference between a Stop Order and a Stop-Limit Order?
A Stop Order becomes a Market Order once triggered (execution near-certain, price not); a Stop-Limit Order becomes a Limit Order (price capped, execution not guaranteed).
Q: Is a Stop-Limit Order guaranteed to execute?
No — once triggered it acts like a Limit Order, so if the market skips past your limit price before it fills, it won't execute.
Q: What two prices do I need to set?
The stop price (the trigger that activates the order) and the limit price (the price it then executes at or better).
Q: Why use a Stop-Limit Order instead of a Stop Order?
To cap the price you'll pay/accept once triggered, avoiding a Market Order filling far from your intended price — at the risk of not filling at all.
Q: Can I cancel or change a Stop-Limit Order before it executes?
Yes — adjust the stop price, the limit price, or cancel from your open orders list while it's unexecuted; locked IDR or units are released on cancellation.