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What are Conditional Orders?

What are Conditional Orders?

2024-07-10 01:19
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What is a conditional order?

Conditional order is a new order category in Binance Futures. It includes stop limit, stop market, and stop BBO orders. You can access these orders under [Trailing Stop] on the Futures trading page.

How to place a conditional order?

1. Firstly, selecting [Conditional Order] allows you to set the order type and trigger price.
  • Stop Price: Set your trigger price, choose either [Mark] or [Last].
  • Price: Specify a price when using [Limit] or [BBO].
  • Size: Enter the amount for the order.
For example:
To create a stop limit buy order of 500 USDT with the stop price of Mark Price ≥1,000 and a limit price of 1,005 USDT:
  • Stop Price: Select [Mark] and enter 1,000.
  • Price: Set to 1,005 and select [Limit].
  • Size: Enter 500.
  • Click [Buy/Long].
2. After successfully creating a conditional order, it will appear in the [Open Orders] - [Conditional] tab. If the conditional order is triggered but remains unfilled, it will move to the [Basic] tab.
3. To cancel the conditional order, click [Cancel All] and select [Conditional Orders]. Please note that this will cancel all conditional orders.

What are the differences between conditional orders and basic stop orders?

Conditional OrderBasic Stop Order
Open Order DisplayOnce created under the [Conditional] tab, the order moves to the [Basic] tab upon triggering and remains unfilled.Under the [Basic] tab
Max. Limits for Open Orders200 open orders per account10 open orders per symbol
TP/SL StrategyNot supported at this phaseSupported
Margin CheckNo margin check when placing conditional orders.Always has margin check when placing stop orders.
Cancel AllConditional orders for all symbols will be canceled. When selecting [Hide Other Symbols], basic orders for this symbol will be canceled.
Please Note: