A stop-limit order is a special type of order that instructs stex.com exchange to automatically create usual order for you when the market conditions change to some desired level. It allows you to create usual ("limit") sell or buy order when the best bid or ask price reaches some important for you value named "stop".

Stop price

The "stop" price means different for sell and buy.
When you're creating stop-limit order to sell, the stop price indicates the maximum price the stex.com will wait for before creating usual order for you.
From the other hand when you create limit-order to buy, the stop price indicates the minimum market price that we will wait for.

Let us look at the following examples:
Sell
You created the stop-limit order to sell 10ETH at price of 0.033BTC per ETH with Stop set to 0.034.
In this case the usual sell order with price 0.033 and amount of 10 will be created when the highest bid price will become the same or lower than 0.034.
Until this happens your stop-limit order will not participate in trading, it will just "wait".

Buy
You created the stop-limit order to buy 10ETH at price of 0.033BTC per ETH with Stop set to 0.032.
In this case the usual buy order with price 0.033 will be created when the lowest ask price will become the same or higher than 0.032.
Until this happens your stop-limit order will not participate in trading, it will just "wait".

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