What Is Trigger Price?

Trigger price — also called the stop price — is the price level you set in advance to automatically activate a buy or sell order the moment the market reaches it, so you don't have to place the order manually at that instant. It is the mechanism behind Pluang's Stop Order and Stop-Limit Order in PRO Mode: your order sits dormant until the market touches your trigger, and only then is it sent for execution. Setting a trigger lets you react to a price level without watching the market in real time — useful for entering once an asset breaks above a level, or exiting if it falls below one. It's important to understand that the trigger only activates the order; it does not by itself decide the fill price. What happens after activation depends on the order type: a Stop Order becomes a Market Order, while a Stop-Limit Order becomes a Limit Order at your chosen limit price. This is spot crypto in IDR — no margin, funding, or leverage.

• Reaching the trigger auto-sends the order. Once the market touches your trigger price, the order is submitted for execution automatically — no need to be online or acting in real time. It's a "set-and-forget" way to react to a price level.
• Trigger price and limit price do different jobs. The trigger only activates an order; a limit price caps the price you'll accept once activated. A Stop Order has only a trigger (fills at the best market price); a Stop-Limit Order has both (behaves like a Limit Order after activation).
• Which order types use it. A Stop Order's trigger converts it into an active Market Order; a Stop-Limit Order's trigger converts it into an active Limit Order. Plain Market and Limit Orders don't use one — they act immediately.
• It works for both buying and selling. Set a trigger to enter once an asset rises through a level, or to exit once it falls to one. Where you place it relative to the current price depends on the direction.
• Activation isn't a guaranteed exact fill. The fill follows the underlying order type at the exchange price, with a floating spread. In fast markets it can differ from your trigger (slippage), and a Stop-Limit Order may not fill if the market moves past your limit too quickly — Pluang protects against significant slippage on limit and stop orders.
• Conceptual example (no live prices). Say you only want to buy once an asset climbs above its current level. You set a trigger a step above the market. Below it, nothing happens; the moment price touches the trigger, the order activates — filling at the best available price (Stop Order) or your limit price or better (Stop-Limit Order).

Related questions:

Q: Is trigger price the same as stop price?
Yes — two names for the same thing: the price level that activates an order once the market reaches it. Pluang's interface and general trading terminology use them interchangeably. Whichever label you see, it refers to the level that turns a dormant Stop or Stop-Limit Order active; it is not the price at which the order necessarily fills.

Q: Does reaching the trigger price guarantee my order executes at that exact price?
No. Reaching the trigger only activates the order. For a Stop Order, activation produces a Market Order that fills at the best available price, which can differ from your trigger in a fast market (slippage). For a Stop-Limit Order, it produces a Limit Order that fills only at your limit or better, so it may not fill at all.

Q: Which order types use a trigger price?
Stop Orders and Stop-Limit Orders. A Stop Order's trigger turns it into a Market Order; a Stop-Limit Order's turns it into a Limit Order. Plain Market and Limit Orders don't use one — a Market Order acts immediately, and a Limit Order rests at your chosen price from the moment you place it.

Q: Can I set a trigger price for both buying and selling?
Yes. A trigger can activate a buy — to enter once the price rises through a level — or a sell — to exit once it falls to a level you want to protect. In every case the trigger only starts the order; the fill still follows the underlying Stop or Stop-Limit mechanics.

Q: What's the difference between the trigger price and the limit price?
The trigger activates the order; the limit caps the fill. In a Stop-Limit Order you set both: the trigger wakes the order when the market reaches it, and the limit only fills at that price or better. A plain Stop Order has only a trigger, so it fills at the best available market price with no price cap.