Stop Market

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, you can do so with the Order Ticket.

Stops are useful as loss limits, allowing you to automatically close out a position if the market moves against you.

• Set a volume greater than zero by tapping the volume box to bring up the number picker.
• Set the Stop Market order toggle:
  • Tap the order toolbar.
  • Then tap on the S.
  • The S will change from black to orange, indicating the next order submitted will be a stop market order.

• Tap in the Bid column above the current market.
• Once submitted, you can long-press and hold the order in the MYB column, then drag and drop to revise the order.

• Tap in the Offer column below the current market.
• Once submitted, you can long-press and hold the order in the MYO column, then drag and drop to revise the order.