This can be compared with a market order, wherein the transaction is carried out at the current market price without defining any price cap. In case the asset does not reach the price specified, the order is not filled out, and the investor may lose a trading opportunity. While the price is guaranteed, the order will not be completed, and limits will not be executed until and unless the security price complies with the order qualifications. The buyer is guaranteed to pay that price, or less, by using a buy limit order. This stipulation allows traders to monitor the rates they deal in better. The order will only be executed at the maximum price or a lower price for buy limit orders, while the order will only be executed at the limit price or higher for sale limit orders. If you would like to gain access to ActiveTraderв„ў, please click here.A limit order is a kind of an order to buy or sell a security at, or better than, a given price. Gemini ActiveTraderв„ў is a trading view that offers advanced charting, improved trading pair selectors, and deeper order book visibility.To access Stop-Limit orders in ActiveTraderв„ў, please go here.FIX API details surrounding order entry for Stop-Limit orders can be found here.REST API details surrounding order entry for Stop-Limit orders can be found here.Reference documentation about Gemini order types can be found here.Thomas is not exposed to downside risk associated with holding the BTC position before this resistance level has been exceeded. Thomas wants to buy BTC, but he only wants to buy in the event of an uptrend, after the market price exceeds a resistance level of $10,500.

LetвЂ™s say the BTC/USD market is trading at $10,000. This is an example of using a Stop-Limit order as part of a trading strategy involving resistance levels. Order placement that is conditional on market price means you donвЂ™t have to be in front of a screen at the time the order is placed. The benefit of placing a Stop-Limit order in this example is that the Limit sell order is automatically placed when the Stop Price is triggered. The Limit Price of the order protects Thomas from selling his position at a price less than he intended (i.e., $8,500). In the event the market price declines from $10,000 to $9,000, a Limit sell 0.1 BTC at $8,500.00 order will be placed on the BTC/USD order book.Д«ecause that order is placed when the market crosses $9,000, ThomasвЂ™s order will get filled at or above his Limit Price of $8,500 depending on the liquidity on the BTC/USD order book at that time.

Once this Stop-Limit order has been placed, he can view his order in the Open Orders table in his ActiveTrader interface. Thomas wants to protect his trade from potential loss in the event the BTC/USD market price declines. LetвЂ™s say Thomas bought 0.1 BTC when the BTC/USD market was trading at $10,000 on Gemini. When the Last Trade Price crosses the Stop Price on either the order book or the Gemini Auction, a Limit order will be placed on the Side at the Limit Price associated with the order.

Starting today, November 14, you can place buy or sell Stop-Limit orders on all order books using the Gemini ActiveTraderв„ў interface, as well as our REST and FIX order entry APIs.ДЄ Stop-Limit order has a Stop Price, a Side, and a Limit Price. Stop-Limit orders give traders more control over order execution and trading strategies. Stop-Limit orders are typically used by traders to help manage risk and are common in marketplaces for traditional asset classes. Today we are excited to announce support for Stop-Limit orders - one of the most requested features from our customers to date!