How to place a conditional (stop) order?

A conditional order starts a trade automatically when the condition price you set is reached. It lets you trade in scenarios such as stopping a loss or catching a level breakout without following the market constantly.

What is a conditional order?

A conditional order creates an order automatically when the condition price you set is reached. You set two values: the condition price at which the order is triggered, and the price of the order that is created when it is triggered. Your order is not visible in the order book until the condition price is reached.

When is it used?

• When you want to limit your loss if the price falls below a certain level
• When you want to buy automatically on an upward break of a resistance level
• When you want to trade according to predefined scenarios without following the market constantly

How do I place a conditional order?

On the buy/sell page, choose the Stop order type in the order form, enter the trigger price in the Condition field and the price of the resulting order in the Price field, then set the amount and place your order. Your order is sent to the order book when the condition price is reached.

Before you start

• Your account verification must be complete
• Depending on the market you choose, you need enough TRY or USDT balance to buy, or enough crypto asset balance to sell

Steps

1. Open Paribu.com and choose a view from the Crypto buy/sell menu in the top navigation
2. Choose the market you want to trade in from the market selector at the top of the page
3. Set your direction in the buy or the sell form. If the Advanced view shows a single form, use the Buy / Sell tabs at the top of it
4. Choose Stop as the order type
5. Enter the price at which you want your order to be triggered in the Condition field
6. Enter the price of the order that will be created when the condition is met in the Price field
7. Fill in the Amount field
8. Click Buy {asset} or Sell {asset} to place your order

Note: Your conditional order is not visible in the order book until it is triggered. It is created and sent to the order book only when the condition price you set is reached

Stop-loss scenario

The most common use of a conditional order is stopping a loss. If the price of an asset you hold falls below a certain level, you can create an automatic sell condition to limit your loss.

Example: For an asset you bought at ₺2,000,000, if you set the condition price to ₺1,800,000 and the order price to ₺1,790,000, your order is triggered when the price falls to ₺1,800,000 and a sell order is created at ₺1,790,000

Setting the order price slightly below the condition price improves the chance of your order matching in a fast-falling market. If you set both at the same level, the order can wait unmatched once the price moves past that level.

Warning: A conditional order being triggered does not guarantee that it will be filled. The resulting order may keep waiting if there is not enough liquidity on the other side

Managing a conditional order

You can follow your conditional order in the Open orders section of the page and cancel it at any time before it is triggered. The trigger value appears in the Trigger column of the list. The amount blocked by a canceled order is returned to your available balance.

To cancel all your conditional orders together, use Cancel conditional orders only from the Cancel orders menu.

If you want to set a profit target and a loss limit together

A conditional order contains a single condition. If you want to set both a profit target and a loss limit for the same asset, you can use the OCO order type; that order carries two conditions together and cancels one when the other is triggered.

For details, see How to place an OCO order?.

Things to know

• The minimum trade amount is ₺100 in TRY markets and 1 USDT in USDT markets
• When a conditional order is triggered, the resulting order is charged the maker rate if it is added to the order book and the taker rate if it matches instantly
• Your balance is blocked until your order is triggered
• A conditional order can always be canceled before the trigger level is reached
• Conditional orders are available in both desktop views and remain in the list when the screen is narrow

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Frequently asked questions

What is the difference between a conditional order and a limit order?

A limit order is added to the order book as soon as it is placed and matches when its price is reached. A conditional order is not visible in the order book until the condition price is reached; the moment the condition is met, an order is created at the price you set.

My conditional order was triggered but not filled — why?

When a conditional order is triggered, an order is created at the price you set. If there are not enough opposing orders at that price, the trade waits. In fast-moving markets in particular, the price may have passed beyond your level, so the order can wait unmatched for a while.

Can I cancel my conditional order?

Yes. You can cancel your conditional order before it is triggered with the Cancel option in the Open orders section. The balance blocked by a canceled order is returned to your available balance. For details, see How do I cancel open orders?.

In which views can I place a conditional order?

Conditional orders are available in both the Paribu standard and Industry advanced views. They remain available even when the page switches to the mobile layout on a narrow screen.

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Related articles

• How to place an OCO order? — Placing take profit and stop loss together
• How to place a limit order? — Setting your own price
• How to place a market order? — Trading at the current price
• How do I cancel open orders? — Single and bulk cancellation
• How to buy and sell crypto assets? — The three entry points and order types

A stop order starts a buy or sell trade automatically when the condition price you set is reached. In scenarios such as limiting a loss or a level breakout, you do not need to follow the market continuously.

What is a stop order?

A stop order creates a buy or sell order automatically when the condition (trigger) price you set is reached. You set the condition price at which the order comes into effect. The order created when the condition is triggered can be executed in two ways: Stop-Limit (at the limit price you set) or Stop-Market (at the best market price at that moment). You can choose the execution type only in the Depth view; in Pro buy/sell a stop order is created as Stop-Limit.

When is it used?

• When you want to limit a loss if the price falls below a certain level (stop loss)
• When you want to buy automatically on an upward breakout of a resistance level
• When you want to trade according to predefined scenarios without following the market continuously

How do you place a stop order?

To place a stop order, tap Buy or Sell to open the order form, choose Stop on the Select order type screen, enter the condition price and the amount, and place your order. In the Depth view you can also decide whether the condition is executed at a Limit or a Market price. Stop orders can be used in Pro buy/sell and Depth view.

Before you begin

• Your account verification must be complete
• Your view must be Pro buy/sell or Depth view; stop orders are not available in easy buy/sell
• To choose execution at the Market price (Stop-Market), your view must be Depth view; in Pro buy/sell a stop order is created as Stop-Limit
• Depending on the pair you select, you need a sufficient TRY or USDT balance to buy, or a sufficient crypto asset balance to sell

Steps

1. Tap the asset you want to trade from the Markets tab or from the asset list on the Wallet tab
2. Tap Buy / Sell on the asset detail screen that opens
3. The screen opens with the asset you selected. To trade a different asset, tap the pair label at the top left (for example BTC/TRY) to open the asset search screen
4. Tap Buy or Sell to open the order form
5. Tap the order type field and choose Stop on the Select order type screen that opens
6. If you are in the Depth view, select the execution type: Limit (when the condition is triggered, an order is created at the limit price you set) or Market (it is executed instantly at the best market price)
7. Enter the condition price for the trigger
8. If you selected Limit execution, enter the limit price of the order that will be created when it is triggered
9. Enter the amount. To select part of your balance quickly, you can use the preset ratio options
10. Tap the action button (for example Buy BTC or Sell BTC) to place your order

Note: If you want to compare order types, you can tap the Learn about order types link on the Select order type screen.

The difference between Stop-Limit and Stop-Market

When you place a stop order in the Depth view, you select the execution type of the order that will be created when the condition is triggered. Stop-Limit creates an order at the limit price you set; the price control is yours, but the trade may stay pending if the counter orders are not sufficient. Stop-Market is executed instantly at the best market price when the condition is triggered; execution is guaranteed, but the price may change according to market conditions.

• Stop-Limit: When the condition price is reached, an order at the limit price you set is added to the order book. You set the price yourself; the order may stay pending if there are not enough orders on the other side.
• Stop-Market: When the condition price is reached, the order is executed instantly at the best market price. You do not enter a limit price; the execution price may change according to the state of the order book at that moment.

A stop loss scenario

The most common use of a stop order is a stop loss strategy. If the price of an asset you hold falls below a certain level, you can limit your loss by selling automatically.

For example, if you set the condition price to TRY 1,850,000 and the limit price to TRY 1,800,000 for an asset you bought at TRY 2,000,000, a sell order at your limit price is created automatically when the price falls to the condition level.

Warning: Even if the condition price is reached, the trade may stay pending if there are not enough orders on the other side for the limit order that is created. In fast falling markets, your order may not be filled if your limit price is set too tightly.

Important information

• The minimum order amount is TRY 100 for TRY pairs and 1 USDT for USDT pairs
• With Stop-Limit, the limit order created when it is triggered is treated with the maker or taker fee rate depending on whether it is added to the order book
• With Stop-Market, the order is executed instantly at the best market price when it is triggered and the taker fee rate applies; the execution price may change according to the state of the order book at that moment
• The related part of your balance is blocked until your order is triggered
• You can follow a stop order on the Open orders tab and cancel it before it is triggered
• Stop orders can be used in Pro buy/sell and Depth view; they are not available in easy buy/sell

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Frequently asked questions

What is the difference between a stop order and a limit order?

A limit order tries to match directly when the price you set is reached and is added to the order book right away. A stop order is not visible in the order book until the condition (trigger) price is reached; the moment the condition price is reached, an order at the limit price you set is created.

What is the difference between Stop-Limit and Stop-Market?

Stop-Limit creates an order at the limit price you set when it is triggered; you control the price, but it may stay pending if there are not enough orders on the other side. Stop-Market is executed instantly at the best market price when it is triggered; the execution price may change according to market conditions. This choice is made only in the Depth view.

My stop order was triggered but not filled, why?

When a stop order is triggered, an order at the limit price you set is created. If there are not enough orders on the other side at that limit price, the trade stays pending. Especially in fast moving markets, if the price has moved beyond your limit level, the order may wait for a while without being matched.

Can I cancel my stop order?

You can cancel your stop order before it is triggered by tapping the trash icon in the order row on the Open orders tab. The balance blocked by a canceled order is returned to your available balance. For details, see How do I cancel open orders?.

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Related articles

• How to place an OCO order? — Placing take profit and stop loss together
• How to place an advanced limit order? — Limit orders with Post Only, IOC and FOK
• How to place a limit order? — Placing a limit order
• How to place a market order? — Placing a market order
• Depth view — Trading in the Depth view