> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hyperdash.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Stop Limit

> Trigger a limit order at your stop price and set a hard bound on the worst price you will accept.

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.

## 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.

## 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.

## Parameters

| Parameter              | Description and options                                                     | Default       |
| ---------------------- | --------------------------------------------------------------------------- | ------------- |
| Stop Price (USD)       | Trigger price: above the current price for buys, below for sells.           | None          |
| Limit Price            | Price of the limit order placed at trigger.                                 | Current price |
| Size                   | In the asset or USD. Minimum order value \$10.                              | None          |
| Reduce Only (optional) | Order can only reduce an existing position.                                 | Off           |
| Stealth (optional)     | Routes the stop through Hyperdash infrastructure, off-book until triggered. | On            |

## 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.

<Note>
  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](/orders/stop-market).
</Note>