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| android:android_stop_market_order [2020/09/24 19:29] – rob | android:android_stop_market_order [2024/05/14 21:35] (current) – serhii | ||
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| ====== Stop Market ====== | ====== Stop Market ====== | ||
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| 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. | ||
| - | 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. | ||
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| + | ====== Setting a Quantity ====== | ||
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| + | ====== Enabling your Order Type ====== | ||
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| + | {{: | ||
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| + | ====== Submitting a Buy Stop ====== | ||
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| + | ====== Submitting a Sell Stop ====== | ||
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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: | ||
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