Differences
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| Both sides previous revision Previous revision Next revision | Previous revision | ||
| ios:ios_stop_market_order [2021/05/17 13:05] – rob | ios:ios_stop_market_order [2024/03/06 13:22] (current) – [Enabling your Order Type] serhii | ||
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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. | ||
| + | ====== Setting a Quantity ====== | ||
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| + | ====== Enabling your Order Type ====== | ||
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| + | ====== Submitting a Buy Stop ====== | ||
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| + | Buy Stop Tap in the Bid column above the current market. Once submitted you can long-press hold the order in the MYB column, drag and drop to revise the order. | ||
| - | * Set a volume greater than zero. You can do this by taping the volume box to bring up the number picker. | + | Sell Stop Tap in the Offer column below the current market. Once submitted you can long-press hold the order in the MYO column, drag and drop to revise the order. |
| - | * Set the Stop Market order toggle. By tapping the order toolbar and then tap on the S, and then the S changes from black to orange. This means the next order submitted will be a stop market order. | + | |
| - | * Buy Stop Tap in the Bid column above the current market. Once submitted you can long-press hold the order in the MYB column, drag and drop to revise the order. | + | |
| - | * Sell Stop Tap in the Offer column below the current market. Once submitted you can long-press hold the order in the MYO column, drag and drop to revise the order. | + | |