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android:android_stop_limit_order [2020/09/24 19:34] – created rob | android:android_stop_limit_order [2024/05/14 21:38] (current) – serhii | ||
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====== Stop Limit ====== | ====== Stop Limit ====== | ||
Stop orders are submitted on the opposite side of the market than normal Limit orders. A buy stop order is submitted at a price higher than the current best bid but does not fill until that price trades. A sell stop order is submitted at a price lower than the current best offer price. | Stop orders are submitted on the opposite side of the market than normal Limit orders. A buy stop order is submitted at a price higher than the current best bid but does not fill until that price trades. A sell stop order is submitted at a price lower than the current best offer price. | ||
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- | Note that if the market is moving rapidly you may get filled at a worse price than the one you entered. If you want to prevent this by setting a limit price for the stop then you can do so with the Order Ticket. | ||
Stops are useful as loss limits as you can use them to close out a position automatically if the market goes against you. | Stops are useful as loss limits as you can use them to close out a position automatically if the market goes against you. | ||
Stop Limit is a stop order in which you place a limit on how many tics from the trigger price you are willing to let the order run. | Stop Limit is a stop order in which you place a limit on how many tics from the trigger price you are willing to let the order run. | ||
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+ | {{: | ||
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+ | ====== Setting a Quantity ====== | ||
+ | ====== Enabling your Order Type ====== | ||
+ | ====== Submitting a Buy Stop Limit ====== | ||
+ | ====== Submitting a Sell Stop Limit ====== | ||
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+ | ====== Confirming Orders ====== | ||
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+ | You can check working orders, fills, and positions by tapping on the appropriate icon in the [[android: | ||
* Set a volume greater than zero.You can do this by taping the volume box to bring up the number picker. | * Set a volume greater than zero.You can do this by taping the volume box to bring up the number picker. |