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. The trigger only activates the order — it does not by itself decide the fill price. 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.

Good to know:

• Reaching the trigger auto-sends the order — no need to be online or acting in real time.
• Trigger vs limit price: the trigger activates the order; a limit price caps the price you'll accept once activated.
• Which order types use it: a Stop Order's trigger becomes a Market Order; a Stop-Limit Order's trigger becomes a Limit Order. Market and Limit Orders don't use one.
• Works both ways: a trigger can activate a buy or a sell, depending on how you set it up.
• Activation isn't a guaranteed exact fill: fills follow the underlying order type at the exchange price with a floating spread; Pluang protects against significant slippage on limit and stop orders.

Related questions:

Q: Is trigger price the same as stop price?
Yes — two names for the same thing: the level that activates an order once the market reaches it. It's not the price at which the order necessarily fills.

Q: Does reaching the trigger price guarantee my order executes at that exact price?
No. It only activates the order. A Stop Order then fills at the best market price (slippage possible); a Stop-Limit Order fills only at your limit price or better, so it may not fill at all.

Q: Which order types use a trigger price?
Stop Orders and Stop-Limit Orders. Plain Market and Limit Orders don't — 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 either a buy (to enter once price rises through a level) or a sell (to exit once it falls to a level). The fill still follows the 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. A Stop-Limit Order uses both; a plain Stop Order uses only a trigger and fills at the best available market price.