Aark Digital Stop Orders(TP/SL) — For Advanced Trading UX

Aark Digital is the first-of-its-kind Leverage Everything Perpetual DEX, changing the game in Perp trading and liquidity provision. We aim to offer an equal level of trading UX and liquidity with that of CEXs while guaranteeing users’ self-custody of their assets.

Today, we announce that Aark Digital now supports Stop Orders, allowing you to make Take-Profit(TP) and Stop-Loss(SL) orders!

Our primary focus is to provide our users with 1) a variety of trading features that enable traders to deploy multiple strategies and 2) safety measures for unexpected market conditions. Therefore, we are happy to present Stop Orders as the first step of the innovation we will bring to the space.

Now, let us walk you through the definition of Stop Orders and how to use them properly.

What is Stop Order?

Stop Orders allow traders to limit their losses and secure profits. The key distinction of Stop Orders is that it only activates when the Mark Price reaches the Stop Price(Trigger Price). To execute Stop Orders, you must first choose the Stop Price that triggers the order to be executed. There are two types of Stop Orders: Stop Market Orders and Stop Limit Orders.

Stop Market Order

Stop Market Order is the same as the Market Order except that it triggers when the Mark Price reaches the Stop Price. When it’s activated, the order will be executed at the current market price. With this order type, you can secure your profits(Take-Profit orders) and prevent losses(Stop-Loss orders).

How to Place a Stop Market Order

1. Select Stop Market at the Order Type menu.
2. Type in the Stop Price that will trigger your Market Order.
3. Type in the amount, select from the leverage ratio or use the slide bar to choose the order size.
4. Press “Place Order” to complete.

How to Place a Take-Profit/Stop-Loss Order

1. Type in the Trigger Price or the percentage to lock in the range of profits and losses.
2. Press ‘Confirm’ to set up TP/SL orders.
3. Once the order is set up, you can check the status of the position under the chart.

Stop Limit Order

Stop Limit Order is another type of Stop Order that activates Limit Order when the Mark Price reaches the Stop Price. Therefore, when you create a Stop Limit Order, you need to choose two different types of price: Stop Price and Limit Order Price.

How to Place a Stop Limit Order

1. Select Stop Limit at the Order Type menu.
2. Type in the Stop Price that will trigger your Limit Order.
3. Type in the Limit Order Price in the box underneath “Price.”
4. Type in the amount, select from the leverage ratio, or use the slide bar to choose the order size.
5. Press “Place Order” to complete.

Stop Orders provides advanced trading UX by offering more choices than basic market or limit orders. Also, you can manage your positions within a predictable range of profits and losses with TP and SL orders.

Despite all the benefits, it is recommended that users acquire a certain level of trading experience before engaging with these features due to potential risks.

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