What Is a Stop Order?
A Stop Order on Pluang is a PRO Mode Advanced Order that stays inactive until the market reaches a price level you set — the stop or trigger price — and then automatically converts into a Market Order that executes at the best available price. It lets you react to a price move without watching the market constantly. Because it becomes a Market Order once triggered, it is very likely to execute, but the exact fill price can differ from your stop price, especially in a volatile market. On Pluang's spot crypto everything settles in IDR.
Good to know:
- Before the stop price is reached, the order sits inactive; once triggered, it executes as a Market Order.
- The final fill price can differ from your stop price, especially in a fast or volatile market.
- It's a taker order — taker fee (subject to 11% VAT) plus a floating spread.
- Valid up to 90 days; can be modified or cancelled while unexecuted.
Related questions:
Q: Is a Stop Order guaranteed to execute at my stop price?
No — the stop price only decides when it activates. Once triggered it fills as a Market Order at the best available price, which can differ from your stop price.
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: When should I use a Stop Order rather than a Stop-Limit Order?
Use a Stop Order when, after triggering, getting filled matters more than the exact price; use a Stop-Limit Order when you'd rather cap the price and accept it may not fill.
Q: Can I use a Stop Order to limit losses?
Yes — a stop set below your entry price triggers a sell if the market falls, helping you exit. The fill price can still differ from your stop price in fast markets.
Q: What is the trigger price in a Stop Order?
Another name for the stop price — the level that activates the order. It doesn't set the fill price; it only tells Pluang when to send the order.