Stop market/limit
Stop Market and Stop Limit orders are conditional order types used to automate trade execution once a specific trigger condition is met.
A Stop Market order sends a market order to the exchange when the stop condition is triggered.
A Stop Limit order sends a limit order to the exchange at a predefined price when the stop condition is triggered.
In goodcryptoX, the stop condition can be either:
A price level reached by the market, or
A TradingView webhook, allowing full control via custom TA alerts or strategy scripts.
Until triggered, both Stop Market and Stop Limit orders live entirely on goodcryptoX servers. The exchange has no knowledge of them, which provides two key benefits:
Your exchange balance is not frozen until the order triggers, allowing for more efficient capital use.
These orders don’t count toward your open order limits on the exchange.
However, because the trigger logic is server-side, there is a small dependency: if goodcryptoX servers are unavailable at the moment the condition is met, the order may not trigger or execute.
Unlike some exchanges that restrict stop conditions or limit prices based on current market direction, goodcryptoX lets you define both the stop price and the limit price freely — above, below, or equal to the current market price (or stop price for Stop Limit order).
Last updated