The Stop-Limit order is a special type of order that is used for Stop Loss or Take Profit scenarios. The Stop-Limit works in the same way as a simple Limit order would work, except that the Stop-Limit order is not active until the price hits the Trigger Price (Stop Price).
To place a Stop Loss or a Take Profit order on your position, follow the steps below.
1. In the Order Box (top-right corner, under the wallet list), select Stop-LImit from the available order types:
2. Check the "REDUCE ONLY: option above the BUY/SELL buttons to make sure the order will only reduce an existing position and will not open a new position.
3. In the Trigger Price field enter the Trigger price for your order. When the market reaches the Trigger Price, the order will become active.
4. Enter the Limit price for your order (this the price at which your order will be filled, or a better price, but not worse)
5. Press the "BUY/SELL" button to confirm your order.