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Stop Orders

Last updated: Jul 10, 2026

Stop Orders allow traders to automate trade execution based on a selected price level.

This order type is designed to help traders manage risk, automate entries or exits, and reduce the need for continuous market monitoring.

To learn more about other advanced order types, see Advanced Order Types.

Overview

Stop Orders remain inactive until a selected trigger price is reached.

Once triggered, the order is automatically submitted based on the selected stop order type.

Synthetix currently supports:

  • Stop Market Orders
  • Stop Limit Orders

Common Trading Scenarios

Managing downside risk

A trader may place a Stop Order to automatically exit a position if the market moves against them.

This can help reduce downside exposure without requiring constant monitoring.

Entering breakout trades

A trader may want to enter a position only after price moves beyond a specific level.

Stop Orders can help automate entries during breakout conditions.

Automating trade execution

Rather than manually entering or exiting a position, traders can configure Stop Orders to trigger automatically once market conditions are met.

This may help improve execution discipline during fast-moving market conditions.

How Stop Orders Work

Stop Orders remain inactive until a selected trigger price is reached.

Once triggered, the order is automatically submitted based on the selected stop order type.

Order TypeTriggered ActionPriority
Stop MarketSubmits a market orderExecution speed
Stop LimitSubmits a limit orderPrice control

To configure a Stop Order, traders select:

  • Trigger Price - The price that activates the order
  • Order Size - The size to be executed

If using Stop Limit, traders must also enter a Limit Price.

Stop Market Orders

A Stop Market Order prioritises execution speed by submitting a market order once the trigger price is reached.

Because market orders execute at the best available price, the execution price may differ from the trigger price depending on market conditions and liquidity.

Best used for

  • Fast exits
  • Risk management
  • Stop loss execution
  • Breakout entries

Stop Limit Orders

A Stop Limit Order prioritises price control by submitting a limit order once the trigger price is reached.

This provides greater control over execution price but does not guarantee that the order will fully execute.

If market price moves beyond the limit price after triggering, the order may remain partially filled or unfilled.

Best used for

  • Greater price control
  • Controlled trade entries
  • Managing slippage
  • Defined execution ranges

How to Submit a Stop Order

  1. Open the Trade Panel and select either Stop Market or Stop Limit from the order type menu.
Open the order type dropdown in the trade panel and select Stop Market or Stop Limit. The panel updates to show trigger price, value or quantity, and other stop order fields.

  1. Enter the Trigger Price.

    This determines when the order becomes active.

  2. Enter the total Value or Quantity for the order.

Set the trigger price to define when the order becomes active, then enter the total value or quantity. The chart shows an estimated entry line at the trigger price.
  1. If using Stop Limit, enter a Limit Price.

    This determines the maximum or minimum execution price for the order.
Select Stop Limit, then enter a limit price after the trigger price. The chart shows an estimated entry line at the limit price.
  1. Review the order details and submit.

Important Considerations

  • Stop Orders remain inactive until the trigger price is reached
  • Market conditions and liquidity may impact execution price
  • Stop Market Orders prioritise execution speed over price certainty
  • Stop Limit Orders may remain partially filled or unfilled