Discover the three available order methods at Indodax to optimize your investments. Empower yourself by choosing between Limit Order, Market Order, and Stop Limit Order. Unleash the potential of your investments with these strategic options, tailored to meet your financial goals. Find out how they work below.

Limit Order

Limit Order, also known as Market Maker, is a type of order that allows Indodax users to specify the price at which they want to buy or sell digital assets.

If an Indodax user selects this order method, the order will be executed only if the market hits a certain price. Limit orders can be used to buy at a lower price or sell at a higher price than the current market price. In this method, there will be transaction or trading fees applied. Click here to learn about the current transaction fees.

However, please note that your order will be entered in the Order Book and will not be executed immediately until the current market price reaches a specified price. However, in a Limit Order, if the specified price is already available in the Order Book or matches the current market price, the transaction will be executed as a Market Taker (Instant) and will incur a trading fee. Click here to learn about the current transaction fees.

Buy Limit Order Illustration

When buying digital assets, if the current price (A) falls to the Limit Order price (C) or below, the order will be executed immediately. Meanwhile, if the buy price is higher than or equal to the current price, the order will be filled instantly. As a result, the Limit Order's buy price must be lower than the current price.

• On the above chart, the current price is 1400 (A). If you place a buy limit order at 500 (C), the order will not be executed until the price falls to 500 (C) or below.
• On the other hand, if a buy limit order is placed at a limit price of 2000 (B), which is higher than the current price, the order will be filled instantly at the most recent price. The executed price will be approximately 1400, not 2000.

Sell Limit Order Illustration

When selling digital assets, if the current price (A) increases to the Limit Order price (B) or above, the order will be executed immediately. If the selling price is lower or equal to the current price, the order will be filled instantly. As a result, the Limit Order's sell price must be higher than the current price.

• On the above chart, the current price is 1400 (A). If you place a sell limit order at 2000 (B), the order will not be executed until the price increases to 2000 (B) or higher.
• On the other hand, if a sell limit order is placed at a limit price of 500 (C), which is below than the current price, the order will be filled instantly at the most recent price. The executed price will be approximately 1400, not 500.

Market Order

Market Order, also known as Market Taker (Instant), is a type of order that allows Indodax users to buy or sell digital assets at the best market price instantly.

If an Indodax user selects this order method, the order will be executed at the current market price (real-time price) available in the Order Book as soon as the user places the order. Market orders are best for those who want to get their trades done quickly.

In this method, there will be transaction or trading fees applied. Click here to learn about the current transaction fees.

Market Buy/Sell Order Illustration

Using the Market Order method, an order will be placed right away at the most recent price if the current price is (A) while trading in digital assets.

• On the above chart, the current price is 1500 (A) and the Market Order method is selected, the order will be placed at the current price instantly.
• This indicates that the order may be placed slightly lower or higher than 1500 (A), depending on market liquidity.
• The average price you receive on a buy market order could be slightly higher than the current price, while the average price on a sell market order could be slightly lower.

Stop Limit Order

A stop limit order is a type of order that will be triggered when the user’s stop price is met.

If an Indodax user selects this order method, the user must set the stop price and limit price. The stop price is the price at which the limit order will be activated, and the limit price is the price at which the limit order is triggered. When the stop price is met, the limit order will be placed directly in the order book. This order helps protect users from sudden price changes. A Stop Limit Order will automatically place an order when the price reaches your specified limit, protecting you against unexpected price movements.

Stop Limit  Buy/Sell Order Illustration

When using the Stop Limit Order method to trade in digital assets, if the current price is (A), you set the Stop price above the current price, which is when it reaches (B), or the Stop price is below the current price, which is when it reaches (C).

• On the above chart, the current price is 2000 (A), and the stop price of a stop limit order can be higher than the current price, such as 2500 (B), or lower than the current price, such as 1500 (C).
• When the price rises to 2500 (B) or falls to 1500 (C), a stop limit order is triggered and a limit order is automatically activated.
• A limit order will not be executed (placed) until the stop price is reached. In other words, the stop price must be met before the limit order will be placed.
• When the stop price is reached, the limit order is triggered and placed on the market. However, limit orders are not automatically executed and have their own rules to be followed.

Using The Stop Limit Feature

If You Access Through the Indodax Website :

• Log in to Indodax account, then choose the desired market, and select Stop Limit order type.
  
  
• After selecting Stop Limit on the buy or sell feature, an additional Stop Price column will appear.
  
  
• Then, please enter all the required information, then click on the "Buy" or "Sell" button.
  
• A confirmation popup will appear after you decide to buy or sell. Then, please continue the process by clicking Place Order.
  
  
• If an order is successfully created, it will show on the Order Pending as Beli/Jual - Stop Limit, with an additional column of Price Trigger.
  

Finally, all the actions will be logged on the Order History page.

If You Access Through the Indodax Application :

• Go to INDODAX Mobile App on your Android or iOS device, choose Pro mode, and go to Trade menu
• Next, choose your desired crypto asset
• Then, click Stop Limit Order

• To sell or buy your #AsetMasaDepan crypto assets, input numbers/prices in the Stop Price or Limit Price columns. After that, enter the quantity of crypto assets you wish to sell or buy in the Amount of Coins column, and then click “Sell” or “Buy”
• After clicking "Sell" or "Buy", your transaction details in the form of Transaction History from the Stop Limit Order feature that you have used will appear