What is the Trigger Price?

Trigger price (mark price) or can also be called stop price is the price set to trigger the execution process to be carried out automatically on an order (buy or sell).

Trigger price acts as a trigger that activates automatic orders when the asset price reaches a certain level. When an asset price reaches the trigger price, the order will be sent to the exchange for execution.

Example:

• You want to buy BTC when the price starts to show that the trend will go up according to your prediction. Currently, the price of BTC is at Rp600,000,000, but you only want to buy if the price touches Rp610,000,000 because according to your analysis, that is an indication that the uptrend is starting.

• For that, you use the Stop Order feature with a trigger price (stop price) of Rp610,000,000. This means that you do not immediately buy now, but you set the system to automatically send an executed market order to buy if the market price (mark price/trigger price) touches the one you previously determined has touched Rp610,000,000.

When the price actually goes up and touches Rp610,000,000, the system will activate a buy order, and your order will immediately go to the exchange and be executed at the best price at that time (another form of Market Order).