A conditional order automatically starts a buy or sell trade when the condition price you set is reached. When the condition price is triggered, a buy or sell order is created; in the advanced Buy/Sell view you can choose whether this order is created at the limit price you set or at the current market price. It lets you trade automatically in scenarios such as stop-loss or level breakouts, without the need for manual action.
What is a conditional order?
A conditional order automatically creates a buy or sell order when the condition (trigger) price you set is reached. You set the condition price at which the order is activated. When triggered, the order can be created in one of two execution types: Limit (at the limit price you set) or Market (at the current best market price). The execution type is selected in the advanced Buy/Sell view; in the standard view a conditional order is created with Limit execution.
When to use it
- When you want to limit your loss (stop-loss) if price falls below a certain level
- When you want to buy automatically on an upside breakout of a resistance level
- When you want to trade based on pre-defined scenarios without constantly watching the market
How to place a conditional order?
To place a conditional order, select the asset from the Buy/Sell tab, tap the Buy or Sell button, select Conditional from the Select order type screen, then enter the condition price and the amount and create your order. In the advanced Buy/Sell view you can also choose whether the condition executes as Limit or Market. When the market reaches the condition price you set, your order is created automatically. A conditional order can be used in the standard and advanced views.
Before you begin
- Account verification must be complete
- A conditional order is placed in the standard or advanced view. To use these views, go to the My account section from the menu icon in the top left of the screen and turn on Advanced view
- To choose Market execution for the condition, you must also select Advanced as the Buy/Sell view; in the standard view a conditional order is created with Limit execution
- Depending on the pair you select, you must have enough TRY or USDT balance to buy and enough crypto asset balance to sell
Steps
- Tap the Buy/Sell tab in the bottom navigation (if the tab is not visible, first open My account > Advanced view from the menu icon in the top left and turn it on)
- Tap the asset name at the top of the screen to choose the asset you want to trade, or continue with the asset already selected
- Tap the pinned Buy or Sell button at the bottom of the screen
- Tap the Order type field, then select Conditional from the Select order type screen that opens
- Select the execution type: Limit (when triggered, an order is created at the limit price you set) or Market (executes instantly at the best market price). This choice only appears in the advanced Buy/Sell view; in the standard view a conditional order is created with Limit execution
- Enter the condition price for the trigger
- If you selected Limit execution, enter the limit price of the order that will be created when triggered
- Enter the amount or slide the slider to select a portion of your balance (above the numeric keypad in standard view, above the total amount field in advanced view)
- Tap Buy or Sell to create your order
Note: To compare order types, you can tap the Learn about order types link in the top right corner of the Select order type screen
The difference between Limit and Market execution
In the advanced Buy/Sell view, when you place a conditional order you choose the execution type of the order that will be created when the condition is triggered. Limit execution creates an order at the limit price you set; you control the price, but the trade may remain pending if there are not enough opposing orders. Market execution executes instantly at the best market price when triggered; execution is guaranteed, but the price may vary depending on market conditions.
- Limit execution: When the condition price is reached, an order is added to the order book at the limit price you set. You control the price; it may remain pending if there are not enough opposing orders.
- Market execution: When the condition price is reached, the order executes instantly at the current best market price. You do not enter a limit price; the execution price may vary depending on the state of the order book.
Stop-loss scenario
The most common use of a conditional order is the stop-loss strategy. You can limit your loss by automatically selling if the price of an asset you hold drops below a certain level.
For example, if you bought an asset at TRY 2,000,000 and set the condition price as TRY 1,850,000 and the limit price as TRY 1,800,000, a sell order is automatically created at your limit price when the price drops to the condition level.
Warning: Even if the condition price is reached, the trade may remain pending if there are not enough orders on the other side for the created limit order. In fast-falling markets, if your limit price is set too tight, the order may not be filled
Important information
- The minimum trade amount is TRY 100 for TRY pairs and 1 USDT for USDT pairs
- With Limit execution, the resulting limit order is treated at the maker or taker fee rate depending on whether it is added to the order book
- With Market execution, the order executes instantly at the best market price when triggered and the taker fee rate applies; the execution price may vary depending on the state of the order book
- The relevant balance is locked until your order is triggered
- You can track conditional orders from the Open orders tab and cancel them before they trigger
- A conditional order can only be used in the standard and advanced views; it is not supported in the easy view
Frequently asked questions
What is the difference between a conditional 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 immediately. A conditional order, on the other hand, does not appear in the order book until the condition (trigger) price is reached; the moment the condition price is reached, an order is created at the limit price you set.
What is the difference between Limit and Market execution?
With Limit execution, when triggered the order is created at the limit price you set; you control the price but it may remain pending if there are not enough opposing orders. With Market execution, when triggered the order executes instantly at the best market price; the execution price may vary depending on market conditions. This choice is only made in the advanced Buy/Sell view.
My conditional order was triggered but did not fill — why?
When a conditional order is triggered, an order is created at the limit price you set. If there are not enough orders on the other side at this limit price, the trade remains pending. Especially in fast-moving markets, if the price has moved beyond your limit level, the order may wait for a while without matching.
Can I cancel my conditional order?
Yes. You can cancel your conditional order before it triggers from the Open orders tab. The balance locked by the cancelled order is returned to your available balance. For details, see the How do I cancel open orders? article.
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