What is the difference between stop limit on quote and stop on quote in the context of cryptocurrency trading?

3 answers

• Automation LeadApr 24, 2023 · 2 years ago
  A stop limit on quote order is a type of order that combines the features of a stop order and a limit order. It allows you to set a stop price and a limit price for your order. When the stop price is reached, the order is triggered and becomes a limit order. The advantage of using a stop limit on quote order is that it provides more control over the execution price, but the disadvantage is that there is a risk of the order not being filled if the limit price is not reached. In contrast, a stop on quote order is a simpler type of order that only requires you to set a stop price. When the stop price is reached, the order is triggered and becomes a market order. The advantage of using a stop on quote order is that it guarantees execution, but the disadvantage is that the execution price may not be as favorable as a limit order. Overall, the choice between stop limit on quote and stop on quote orders depends on your trading strategy and risk tolerance.
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• GuYue HUJun 09, 2022 · 3 years ago
  Stop limit on quote and stop on quote are two different types of orders used in cryptocurrency trading. Stop limit on quote orders allow you to set a stop price and a limit price for your order. When the stop price is reached, the order is triggered and becomes a limit order. This gives you more control over the execution price, but there is a risk of the order not being filled if the limit price is not reached. On the other hand, stop on quote orders only require you to set a stop price. When the stop price is reached, the order is triggered and becomes a market order. This guarantees execution, but the execution price may not be as favorable as a limit order. It's important to understand the differences between these two types of orders and choose the one that aligns with your trading strategy and risk tolerance.
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• Oscar MaiaJun 02, 2025 · 3 months ago
  Stop limit on quote and stop on quote are two types of orders commonly used in cryptocurrency trading. A stop limit on quote order allows you to set a stop price and a limit price. When the stop price is reached, the order is triggered and becomes a limit order. This type of order provides more control over the execution price, but there is a risk of the order not being filled if the limit price is not reached. On the other hand, a stop on quote order only requires you to set a stop price. When the stop price is reached, the order is triggered and becomes a market order. This type of order guarantees execution, but the execution price may not be as favorable as a limit order. It's important to carefully consider your trading strategy and risk tolerance when choosing between these two types of orders.
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