Firstly: Description:
Stop-loss orders in stock market trading systems are instructions to close a position by buying or selling a security when it reaches a certain price, known as the stop price. These orders differ from stop-limit orders, which are instructions to buy or sell a security at a specified price once it reaches a particular stop price. Stop-limit orders may not always be executed, while stop-loss orders will always be executed as long as there are buyers and sellers for the security.

Secondly: Ruling:
This type of trading is permissible for gold and other assets, considering that the broker platform acts as an agent (Broker) on behalf of the seller or buyer, based on the agreement that requires delivery under the conditions of the agency. The buyer provides the money and specifies the type of agency to the platform, and in the case of a sale, provides the commodity and the type of agency to the platform. In both cases, the broker executes the trade according to the prices set by the client and market movements.

Fatwā issued by Dr. Khālid Naṣr