How do I place a Stop Loss Order on Metal X?

Stop Loss Order: A Stop Loss Order allows traders to set a maximum loss for a trade. Both Limit and Stop Loss prices must be chosen, but execution is not guaranteed.

Stop Loss orders liquidate assets when a specific price is reached, triggered by the trigger price.

Before You Start:

You'll need to create an account and complete verification.

Getting Started:

Visit Metal X and connect your WebAuth Wallet.

Select your trading pairs:For instance, use the XPR/XUSDC pair, where XPR is "asset A" and XUSDC is "asset B".

Click the "STOP LOSS" tab to create your Stop Loss Order.BUY: For a BUY Stop Loss, stay in the left window.You will buy more of asset "A" by selling asset "B" if the TRIGGER PRICE falls below the PRICE.Enter the value of asset "B" for the PRICE.

Enter a value lower than the PRICE for the TRIGGER PRICE.

Enter the amount of asset "A" to buy when asset "B" drops below the PRICE value.The "Total" shows how much of asset "B" will be sold for asset "A".

Click "Buy ____" and authorize the transaction from your WebAuth Wallet.

SELL: For a SELL Stop Loss, use the right window.You will sell asset "A" for asset "B" if the TRIGGER PRICE drops below the PRICE.Enter the price of asset "B" for the PRICE.

Enter a value lower than the PRICE for the TRIGGER PRICE.

Enter the amount of asset "A" to sell when asset "B" drops below the PRICE.The "Total" shows how much of asset "A" will be sold for asset "B".

Click "Sell ____" and authorize the transaction from your WebAuth Wallet.

You've successfully initiated a Stop Loss Order! Check your order under the "Open Orders" tab. You can cancel it anytime in the "Actions" section.

Note: The order completes only when the PRICE reaches the TRIGGER PRICE.

Additional Resources

Learn to place the following orders on Metal X:

Market Order

Limit Order

Take Profit Order

If you have any questions about this guide or just want to say “Hi”,  follow our Metal Client Services Help Center on X (@MetalHelpsMe) to stay up to date and learn how to get the most out of your XPR Network experience!