# Stop Limit

Place a stop limit order. Select Trigger Price or Limit Order Price and click the chart to quickly fill these with the price.

When the trigger price is hit, a limit order will be entered into the orderbook at the given limit order price.

Please keep in mind that with a limit stop the price first has to hit your trigger and then travel "back" to the limit in order to fill, there is no guarantee that the limit order will be filled. Unless the limit is "behind" the trigger, then it gets executed at the market, similar to a stop market order.

Switches:

* Close -- Marks this as a “close on trigger” order
* Reduce -- Can only reduce your open position (not available on Bybit Inverse)
* Post -- Post Only order<br>

**Trigger Price Source** determines whether the Last traded, Mark or Index price triggers the stop limit order.<br>

### Binance Spot

Stop Placement on Binance Spot comes with some limitations. As Binance Spot doesn’t offer dedicated Market Stops we have limited Stop placement in the Terminal to Limit Stops. However you can mimic Market Stop behaviour with a Limit Stop by placing the Limit Order „behind“ the Trigger Order. This executes the Limit Order instantly at the market upon trigger, thus essentially acting like a Market Stop. We use this method for the initial Stop placement via the TP/SL function. Please note that we can’t 100% guarantee execution for this method, as in an event of a wick or fat finger the placed limit order theoretically could be jumped. Therefore please choose an appropriate distance for the Limit Order to the Trigger Order.


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