What is a Stop Limit?
The Stop Limit bot allows you to pre-set a Trigger Price, an Order Price, and an Order Quantity. When the market price reaches your trigger price, the bot automatically places the order at your preset price.
For example, if ETH is currently at 2,990 USDT and 3,000 USDT is a key resistance level, you may believe that breaking this level will lead to a further rally. Since you cannot monitor the market 24/7, you can use the Stop-Limit bot to automatically buy more ETH once the price hits 3,000 USDT.
How to use Stop Limit
On APP
Step 1: Open the Webot app and click on [Bot] - [Create], then choose [Stop Limit].
Step 2: Choose your desired cryptocurrency pair, then select [Buy] or [Sell], enter the "Trigger price", "Buy/Sell price", and "Buy/Sell quantity". After that, click [Buy/Sell] to proceed.
On WEB
Step 1: Log in to your Webot account, click on [Trade] in the upper menu bar, and then select [Trading Bot].
Step 2: Click on [Bot] - [All], then select [Stop Limit].
Step 3: Choose your desired cryptocurrency pair, then select [Buy] or [Sell], enter the "Trigger price", "Buy/Sell price", and "Buy/Sell quantity". After that, click [Buy/Sell] to proceed.
Parameters Setting
Trigger price: When the “latest price” reaches the “trigger price” set by the user, the price will be triggered, and the order will be placed.
Buy/sell price: After the trigger price is triggered, the order will be placed at the commission price.
Buy/sell quantity: The number of orders placed after the trigger.‘
When the order is completed, the order is triggered, and the historical order of the Stop Limit can be viewed in the “History”. Unexecuted “Stop Limit” orders can be canceled at any time.
Use Case
Stop Limit (Sell)
Example (ETH/USDT): The current price is 3,000 USDT. Technical analysis shows a resistance level near 3,100 USDT. If the price breaks through, it may continue to rise. You can set the bot to buy 10 ETH when the price rises to 3,110 USDT to capture the upward momentum.
Stop Limit(Buy)
Example (ETH/USDT): You hold 10 ETH at 3,000 USDT, and 2,950 USDT is the support level. If the price drops below this level, it may continue to fall, and you need to stop your losses in time. You can set the bot to sell 10 ETH automatically when the price reaches 2,900 USDT.


