Stop-Market orders are orders to market buy/sell a futures contract once the Mark Price hits your specified Stop Price. It is a conditional order which only becomes active once the Stop price has been hit. Once the Stop price has been hit, a market buy/sell order will be activated.Please note that only Mark Price can be used to specify the Trigger Price of a stop order. In the case of a Buy stop order, the stop price must be below the current Mark Price. For a Sell stop order, the stop price must be above the current Mark Price.A stop order has three states:
Untriggered- Market has not reached the Trigger Price.
Triggered - Market has reached the Trigger Price. The stop order has become active and has entered the order book.
Filled - After getting activated, the stop order has been filled.
Example: Let’s say the price is currently $100. Using stop-market orders, you can set a stop buy price at $95. Once/if the price hits $95, a market order will execute at the best price available for the given quantity. If the price does not hit $95, the order will remain active without execution.For information on further order types, visit Delta Order Types. For video demonstrations, visit the Delta Youtube channel.
Still can't find what you are looking for?
Get started in a few minutes
Create Free Account
Sign up takes < 1 min and requires only your name and email.
Deposit BTC or USDT
Fund your account with BTC or USDT at no minimum deposit limit.
Make Your First Trade
Trade futures, options or interest rate swaps on BTC and 35+ altcoins.