Summary

A Stop-limit order combines a stop trigger and a Limit order. Stop-limit orders allow traders to set the minimum amount of profit they want to take or the maximum amount they are willing to lose for a trade. Once you set a Stop-limit order and the trigger price is reached, a Limit order is automatically placed, even if you are disconnected or offline. You can place Stop-limit orders strategically taking into account the resistance and support levels and the volatility of the asset.