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A Stop Limit order waits until the market reaches your stop price, then places a limit order at your limit price. Nothing trades before the trigger, and once triggered your order fills only at the limit price or better.

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How it places orders

  • No trade executes at submission. The order waits until the asset price reaches your stop price.
  • With Stealth on (the default), Hyperdash infrastructure watches price and places the order only once triggered, keeping it hidden until then. With Stealth off, the stop is placed publicly on-chain as a trigger order.
  • At trigger, a limit order at your limit price is sent to the book and fills at that price or better.
  • Not guaranteed to complete: if price gaps through your limit, the order rests unfilled until price trades back or you cancel.

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When to use it

  • Trade breakouts: buy above resistance or sell below support, only once the level actually breaks.
  • Cap your worst fill instead of taking whatever a market order gets.
  • Exit at a defined trigger with price control. Enable Reduce Only so the order can only close your position.

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Parameters

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Example

BTC trades at $117,400 and you want to buy a breakout above $120,000. You place a Stop Limit: stop $120,000, limit $120,250, size 0.5 BTC. When BTC hits $120,000, a limit buy at $120,250 is placed and fills at that price or better. If BTC gaps straight to $120,600, it rests at $120,250 unfilled.
A stop limit trades price risk for fill risk: size the gap between stop and limit for the market’s volatility so a fast move cannot jump both. When execution matters more than price, use a Stop Market.