The Stop Order* feature can help you with Stop Loss and Take Profit method according to your trading strategy.
With this Stop Order* feature, you can trade without having to worry when digital asset price drop or raise when you are not online on Indodax website. Please note that this feature currently only available on some markets.
Your Buy and Sell transaction will only be executed if the last price reach your own price (Stop Price) and the order will be executed on instant market.
- For example: BTC last price is 100.000.000 IDR and you want to buy with 5.000.000 IDR and Stop Price at 101.000.000 IDR. The transaction will only executed if the last price raise to or above 101.000.000 IDR/BTC, an order to buy BTC with 5.000.000 IDR will be executed as instant market.
- Selling Example for Take Profit: Nina bought BTC when the price was 100.000.000 IDR and BTC last price is 102.000.000 IDR. For Take Profit method from BTC, Nina input Stop Price at 101.000.000 IDR. By input Stop Order at this price it will help Nina to get profit according to her trading strategy. Because with the Stop Order Sell feature, Nina sell order will be executed as instant market if BTC price drop below 101.000.000 IDR.
- Selling Example for Stop Loss: Nina bought BTC when the price was 100.000.000 IDR and BTC last price is 99.000.000 IDR. Nina input Stop Order with Stop Price at 98.000.000 IDR to anticipate and cut down losses. With this Stop Order Sell feature, Nina sell order will be executed as instant market if BTC price drop below 98.000.000 IDR.