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.

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.

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.

• Set a volume greater than zero. You can do this by taping the volume box to bring up the number picker.
• Set the Stop Limit order toggle. By tapping the order toolbar and then tap on the SL, and then the SL changes from black to orange. This means the next order submitted will be a stop-limit order.
• Tap this box to set the amount of slippage you want to place on your stop.
• 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.